Steel imports into the European Union declined in the first quarter of 2025, although volumes remain historically high. According to the European Steel Association (EUROFER), total imports—including semi-finished products—fell by 9% year-on-year. Meanwhile, imports of finished steel products decreased by only 1% compared to the same period in 2024. The trend varied across product categories. …
The 5 largest iron mines in the Arab world dominate the regional mining industry scene. They are strategic tributaries that support industrial security and help diversify sources of income in a number of countries. Data from these mines reveals massive reserves exceeding 7 billion tons, making them a key driver of industrial growth and infrastructure …
The Australian-British mining group Rio Tinto has announced the official opening of its new Western Range mine. Western Range, a joint venture between Rio Tinto and China’s Baowu (54% and 46%, respectively), has a production capacity of 25 million tons of iron ore per year. As noted, the $2 billion project was completed on time …
Rio Tinto and Baowu officially open Western Rang mine Read More »
In April this year, Turkey’s hot rolled coil (HRC) exports amounted to 290,626 metric tons, down by 12.3% compared to March and up by 66.6% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $173.70 million, decreasing by 7.7% compared to …
According to the prices announced in the global steel markets, scrap prices amounted to $340/ tonne,$3 down compared to to last week’s prices. and iron ore prices $97/ tonne, unchanged compared to last week’s prices. While the prices of billets ranged between 430 – 455 Dollars per tonne, while it was between 430– 455 dollars …
Danieli has announced that Emsteel, a manufacturer of heavy beams and sheet piles, has selected Danieli to develop the Thermo-Mechanical Control Process (TMCP) system at its Rolling Mill No. 4 in Abu Dhabi. Emsteel is the only producer of such heavy products in the MENA region. Through this project, Emsteel intends to expand its product …
EMSTEEL to produce high-strength beams with TMCP in partnership with Danieli Read More »
US tariffs have returned to the spotlight in Europe, with US President Donald Trump’s decision to impose a 50% tariff on steel and aluminum imports to the United States, up from 25%. The decision was part of an executive order signed by Trump on Tuesday, declaring that this step aims to protect American industry from …
Trump’s steel tariffs take effect… and Britain is temporarily exempted. Read More »
The United States and the UAE have agreed to begin negotiations for a bilateral trade agreement that would reduce tariffs on the Gulf state’s steel and aluminum industries, according to Reuters. The sources added that Emirati officials discussed the possibility of concluding a trade agreement with their American counterparts during President Donald Trump’s two-day visit …
UAE seeks trade agreement with US to reduce Trump’s steel and aluminum tariffs Read More »
In a discovery that marks a turning point in the mining sector, massive iron ore deposits have been found in a remote area of Western Australia, with an estimated market value of approximately $6 trillion. These deposits, located in the Hamersley region, known for its mineral wealth, have been found to contain the world’s largest …
Australia : World’s largest iron ore reserve discovered, estimated at 55 billion tons Read More »
Ashry Steel Group revealed its plan to establish a factory specializing in the production of seamless pipes, with investments exceeding 600 million euros. This plan was announced after officially obtaining a production license, completing all administrative procedures, and receiving a letter of credit from the government last week, according to statements made by group chairman …
Al-Ashry Steel intends to establish a 600 million euro seamless pipe factory Read More »
A new presidential decree entered into force in Turkey on May 31, 2025, comprehensively updating the government investment support system, with a particular focus on the strategic steel sector, according to a statement issued by the Turkish Steel Producers Association (TCUD). The decree aims to support investments in the steel industry under five main axes, …
Turkey Updates Government Incentives for Steel Sector Investments Read More »
Iron ore futures prices fell amid market concerns about the repercussions of trade tensions between the United States and China, after data showed a sharp decline in Chinese manufacturing activity to its lowest level in more than two years. The most widely traded iron ore contract for September delivery ended Tuesday’s session on the Dalian …
Iron ore prices decline as China’s industrial activity slows Read More »
US President Donald Trump’s announcement that he would double tariffs on steel and aluminum imports to 50% has sparked widespread concern in Canada, the largest steel supplier to the US market. The Canadian Steel Producers Association described the decision as “catastrophic,” warning of the potential loss of thousands of jobs and significant disruption to supply …
Canada warns of economic crisis due to Trump’s doubling of steel tariffs Read More »
The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for June deliveries. The company’s rebar prices have been reduced by SAR 50 (USD 13) per ton, bringing the new rate to SAR 2,230 (USD 594) per ton. In contrast, wire rod prices remain unchanged. Hadeed’s wire rod (6.5-16 mm) continues to …
Saudi Iron and Steel Company (Hadeed) Announces Rebar Prices for June Read More »
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 …
The Korean government held an emergency meeting with major domestic steelmakers today to discuss the impact of the US plan to double its tariffs on all steel imports to 50% later this week, Yonhap News Agency reported. The meeting, hosted by the Ministry of Trade, Industry and Energy, was attended by officials from POSCO Group, …
Korean government holds emergency meeting to address planned US steel tariff increase Read More »
Ezz Steel Company announced stability in prices starting from June 1, 2025 for the ninth consecutive month at EGP 38,200 EXW, including value-added tax. Statement including VAT Rebar 38,200 EGP 1 USD = 49.70 EGP
The Indian government is considering raising the safeguard duty on steel to 24% from the existing 12% due to concerns about potential circumvention by Chinese companies and the impact on domestic steelmakers. This move comes amid fears of trade diversion as Chinese goods face increased levies in other markets. “We have received complaints from Chinese …
India mulls doubling safeguard duty on steel from 12% to 24% Read More »
The European Commission expressed “deep regret” on Saturday over US President Donald Trump’s announcement that he intends to raise tariffs on steel imports to 50 percent, warning that the EU is prepared to impose countermeasures. Trump announced on Friday his intention to double tariffs on steel and aluminum imports from 25 to 50 percent, increasing …
EU denounces US steel tariff hike, threatens countermeasures Read More »
Sonatrach, in collaboration with Sonelgaz and the US renewable energy company Hecate, is preparing an integrated green hydrogen production project to meet the needs of Tosyali’s iron and steel industry, according to a statement from the public company. This project was discussed during a meeting held at Sonatrach’s General Directorate headquarters, which brought together the …
A green hydrogen production project to meet the needs of Tosyali Algeria Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $343/ tonne,$4 down compared to to last week’s prices. and iron ore prices $97/ tonne, $2 down compared to last week’s prices. While the prices of billets ranged between 430 – 455 Dollars per tonne, while it was between 420– 455 …
US President Donald Trump said on Friday he intends to increase tariffs on foreign steel imports from 25% to 50%, increasing pressure on global steel producers and threatening to expand his trade war. “We’re going to increase it by 25%,” Trump said during a rally in Pennsylvania. “We’re going to increase the tariffs on steel …
Trump says he plans to double steel tariffs to 50% Read More »
Habaş A.S., located near Izmir, Turkey, continues its stride towards modernization and expansion. Following the project start of the pickling line/tandem cold mill (PLTCM) in October 2021, Habaş progressed with the next phase of their partnership with SMS group in April 2023 when the second part of the contract package came into force and marking …
SMS Group Announces Integrated Testing of Habaş’s Cold Rolling and Processing Complex Read More »
Minister of Industry, Saifi Ghrib, received a high-level Qatari delegation on Wednesday, headed by Khalid Al-Obaidli, Chairman of Qatar Steel International and the main shareholder in the Algerian-Qatari Steel project. The two sides discussed ways to strengthen bilateral cooperation, according to a ministry statement. The meeting, attended by ministry officials, comes within the framework of …
The U.S. Department of Commerce (DOC) announced the final results of its periodic review of anti-dumping duty (AD) imports of welded stainless steel pressure pipe (WSSPP) from Malaysia, Thailand, and Vietnam. The Department explained that rescinding the duty on these products from the three countries would likely result in the continuation or recurrence of dumping …
US to Continue Anti-Dumping duty on welded stainless steel from Three Countries Read More »
US President Donald Trump criticized a court ruling on Thursday that suspended the “reciprocal” tariffs imposed since early April on all goods exported to the United States, while Beijing urged the White House to “completely repeal” them. While the three judges at the US Court of International Trade did not object in their ruling to …
Trump criticizes court ruling against tariffs, China calls for their repeal Read More »
EMSTEEL Group, one of the region’s leading publicly traded steel and building materials manufacturers, has signed a Memorandum of Understanding (MoU) with TAQA Distribution, a subsidiary of Abu Dhabi National Energy Company (TAQA), during the World Utilities Congress 2025. The agreement aims to explore the deployment of integrated power and water solutions across Abu Dhabi’s …
EMSTEEL and TAQA Distribution partner to explore advanced utilities solutions Read More »
Global scrap consumption decreased 1% in 2024 compared to 2023, to 460.6 million tons, according to data from the Bureau of International Recycling (BIR), which covers about 76% of global steel production. This decline comes amid a slight decline in total global steel production of 0.7% year-on-year, to 1.55 billion tons, indicating a relative decline …
Global scrap consumption to decline to 460 million tons in 2024 Read More »
Iron ore futures prices fell as markets assessed the possibility of a cut in steel production in China, which could weaken demand for the ore, a key component of the steel industry. During Tuesday’s trading on the Dalian Exchange in China, the most active iron ore contract for September delivery ended the session down 1.75% …
Iron ore prices fall on concerns about Chinese steel production cuts Read More »
Continuing its pioneering path in the iron and steel industry, and affirming its ongoing commitment to the highest international quality standards, Algerian Qatari Steel Company (AQS) has obtained a certification for rebar in accordance with the technical requirements of the Kingdom of the Netherlands, issued by KIWA Netherlands. This accolade is the result of a …
Algerian Qatari Steel Obtains European Certification for Rebar from KIWA Netherlands Read More »