Arab Steel Summit

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Enhancing Cooperation between Egypt and Turkey in the Metal Industries

As part of the visit of Lieutenant General Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, to Turkey to participate in the Global Transport Connectivity Forum 2025 held in Istanbul, the Minister held a series of meetings and participated in discussions with a number of senior officials and manufacturers.

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SULB Awarded International Safety Award 2025 by British Safety Council

In an achievement that underscores its ongoing commitment to providing a safe and healthy working environment, SULB, the Middle East’s first company specializing in the production of light, medium, and heavy beams structural steel sections producer in the Middle East region, has been awarded the prestigious International Safety Award 2025 with Merit by the British

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Arab countries’ crude steel production increased by 5% in May 2025

News, steel Statistics / user

According to the latest report issued by World Steel on crude steel production, Arab countries’ crude steel production reached 3.5 million tons in May, a 5.0% increase compared to May 2024. Egypt topped Arab steel production in May, with 810,000 tons, a decline of -9.5%. Saudi Arabia came in second place with 780,000 tons, a

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US and Mexico are moving toward a quota system for steel imports

Trade negotiations between the United States and Mexico are currently moving toward a quota system that could allow for tariff reductions on a specific volume of steel imports, a move seen as a response to concerns from American metal manufacturers. According to people familiar with the talks, the proposed framework would ease tariff burdens on

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Global DRI output up 10.1% in May 2025

Data from the World Steel Organization (Worldsteel) showed that global DRI production reached 12.44 million tons in May 2025, a 2.2% increase compared to April and a 10.1% increase year-on-year. This data included 13 countries that account for approximately 87% of total global DRI production. According to the World Steel Organization, India topped the list

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EMSTEEL Celebrates Graduation of 62 Emirati Trainees from Accelerated Masaar Programme

EMSTEEL , today announced the successful graduation of 62 Emirati trainees (49 men and 13 women) from the company’s flagship Masaar talent-development programme, marking the first cohort to complete the newly revamped one-year “accelerated” track introduced in 2024. The group includes 43 operations specialists and 19 support-function professionals, holding roles such as Graduate Engineer and

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US scrap steel exports up 12% in April 2025

According to statistics from the US International Trade Commission (USITC), the US exported around 1.06 million tons of steel scrap in April, increasing by 14% from the previous month but falling by 12% from the same month a year ago. Among them, Turkey was the top destination with roughly 289,000 tons, sliding by 7% month

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World crude steel production decreased by 3.8 % in May 2025

News, steel Statistics / user

World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 158.8 million tonnes (Mt) in May 2025, a 3.8% decrease compared to May 2024. Africa produced 1.9 Mt in May 2025, up 5.5% on May 2024. Asia and Oceania produced 116.6 Mt, down 4.7%. The EU (27) produced 11.4

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Oil prices fall 6%, Brent crude hits $67

Oil prices fell 6% at the end of trading on Tuesday, June 24, 2025, deepening their losses in just two days to more than 13%, as the war with Iran came to a halt and hopes for a decline in Middle East tensions spread. Crude prices hit their lowest levels in more than a week

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OECD: Steel Overcapacity Expected to Surge to 721 million tonnes by 2027

News, Public Reports / user

Amid a growing gap between production and demand, the OECD warned in a recent report that global steel overcapacity is set to rise to 721 million tonnes by 2027, driven by distorting subsidies and excessive capacity expansion. This threatens market stability, undermines decarbonization efforts, and squeezes jobs and profitability in OECD economies. Expansion Outpacing Demand

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Rebar prices in Egypt June 23, 2025

Rebar prices in Egypt this week ranged between EGP 33,700 – EGP 38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 37,500, El Marakby Steel EGP 36,300, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 33,000, El Komy Steel EGP

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US Rolled Steel Coil Imports and Exports Decline in April

According to preliminary census data from the US Department of Commerce, showed a significant decline in US imports of hot-rolled coils (HRC) in April 2025. Imports totaled 85,971 mt , a 28.6% decrease compared to March and a 53.5% decrease compared to the same month in 2024. The total value of these imports also decreased

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Global stainless steel production increased by 6.2% in Q1 of 2025

Global stainless steel production increased by 6.2% in the period from January to March 2025 compared to the same period in 2024, reaching 15.55 million tons. However, this production decreased by 6.2% compared to the fourth quarter of 2024, according to data from the World Stainless Steel Organization. In Europe, including Ukraine, stainless steel production

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Germany regrets ArcelorMittal’s abandonment of climate-neutral steel production

The German Ministry of Economics expressed its regret over the decision of steelmaker ArcelorMittal to abandon its plans to transition to climate-neutral production at its plants in Bremen and Eisenhüttenstadt, Germany. In response to a question on the matter, the ministry said in a statement: “This decision is a private business decision of the company

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Steel prices in the fourth week of June 2025

According to the prices announced in the global steel markets, scrap prices amounted to $342/ tonne, $2 up compared to to last week’s prices. and iron ore prices $96/ tonne, $1 down compared to to last week’s prices While the prices of billets ranged between 435 – 460 Dollars per tonne, while it was between

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Variations in China’s Steel Product Output from January to May 2025

China’s National Bureau of Statistics (NBS) showed varying levels of production of various steel products in the period from January to May 2025. Long steel products declined, while flat steel production increased. In May alone, China produced: Rebar: 16.884 million tons (down 6% year-on-year) wire rod: 12.016 million tons (down 1.2%) Welded pipe: 5.463 million

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Canada Threatens to Impose Tariffs on US Steel and Aluminum Imports

Canada has threatened to escalate its tariff action against the United States, announcing that it is considering imposing additional tariffs on US steel and aluminum imports starting next month, amid stalled trade talks between the two countries. The United States currently imposes 50% tariffs on foreign steel and aluminum imports, while Canada retaliates with 25%

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US Tariffs Restrict German Iron and Steel Exports to the US Market

German iron and steel exports to the United States registered a slight decline as a result of new US tariffs, according to the Federal Statistical Office. Iron and steel exports fell 0.4% year-on-year during the period from January to the end of April, reaching approximately €1.3 billion. The United States began imposing additional tariffs of

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CRC Evans secures major Morocco water pipeline contract

CRC Evans , a UK-based company providing welding, welding technology, and coating services, has won a renewed contract for a water pipeline project in Morocco, led by state-owned OCP Group. This project involved a 219-km pipeline to transport desalinated water from its Jorf Lasfar facilities to Khouribga operations, addressing regional water shortages. Building on its

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Japan’s Nippon Steel Acquires US Steel for $14.1 Billion

Nippon Steel has completed its $14.1 billion acquisition of United States Steel Corp., ending an 18-month effort to merge the American and Japanese steelmakers, according to a statement from the companies on Wednesday. The $55-per-share cash deal creates the world’s second-largest steelmaker and makes the combined entity a formidable competitor in the US steel industry.

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Iron ore prices fall for fifth day to lowest since April

Iron ore prices fell for the fifth consecutive day, continuing their downward trend amid a weak Chinese steel market. Futures contracts for the steelmaking material fell to their lowest levels since April, reaching $92 per ton this week. The price continues to decline as traders assess market fundamentals and lower Chinese demand for rebar. Iron

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thyssenkrupp Steel selects Primetals for hot-strip mill modernization

thyssenkrupp Steel has contracted Primetals Technologies to modernize the slab sizing press at its hot-strip mill No. 2 in Duisburg, Germany. Previously, Primetals Technologies had successfully upgraded its hot-strip mill No. 4. The overhaul includes a full upgrade of the electrical and drive systems, with a new cycloconverter for the main press motor and low-voltage

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EMSTEEL recognised as an ESG Leader with ‘’AA’’ provisional rating from MSCI

EMSTEEL (the Group), one of the largest publicly traded steel and building materials manufacturers in the region, today announced that it has received a provisional ESG rating of “AA” from MSCI, one of the highest among steel players globally, recognising the Group as one of the few global steel and building materials manufacturers that stand out for their

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Iron ore prices head to lowest level since September on demand concerns

Iron ore prices headed to their lowest close since last September, amid a seasonal slowdown in demand and signs that Chinese mills are cutting steel production. Futures fell for the fourth consecutive day in Singapore, falling below $93 per ton. Shanghai Metals Market explained in a note to clients that the rainy season in southern

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Algeria: National Steel Holding Company (SNS) receives a delegation from Malaysian Lion Group to discuss partnership opportunities

The National Steel Holding Company receives a delegation from the Malaysian Lion Group to discuss partnership opportunities. The CEO of the National Steel Holding Company (SNS), Mr Adel Khemane, chaired a working meeting with officials from the Malaysian Lion Group, one of the most prominent industrial players in Asia, at the company’s headquarters on Monday,

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India’s Crude Steel Output Rises in May Amid by safeguard

India’s crude steel production in May rose by 9.5% year on year, reaching about 13.51 million tons. Finished steel production also rose by 9.6% compared to the same month last year, reaching about 13.15 million tons. This growth in domestic production is partly attributed to the government’s imposition of a 12% safeguard duty on steel

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Turkey’s HRC imports down 28% in Jan-Apr 2025

In April 2025 alone, Turkey’s HRC imports totaled 228,297 tons, a sharp YoY drop of nearly 40%. HRC imports were also down 24% as compared to previous month, According to data from the Turkish Statistical Institute (TUIK). Turkey imported 1.07 million tons of HRC in the first four months of 2025, marking a 28% decline

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Rebar prices in Egypt June 16, 2025

Rebar prices in Egypt this week ranged between EGP 33,700 – EGP 38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 37,500, El Marakby Steel EGP 36,300, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 33,000, El Komy Steel EGP

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China’s crude steel output falls sharply in May

China’s crude steel output fell significantly in May, as companies in the sector continued to reduce production, in line with the Chinese government’s efforts to limit supply in the market. Data from the National Bureau of Statistics indicated that crude steel production fell 6.9% year-on-year to 86.55 million tons, following an unexpected decline in April.

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China’s crude steel production and stocks rose 3.2% in early June

The China Iron and Steel Association (CISA) has announced that in early June (June 1-10) this year, the average aggregate daily crude steel output of large and medium-sized steel enterprises in China – all CISA members – totaled 2.159 million metric tons, up 3.2% compared to late May (May 21-31) this year. In late May

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