JSW Steel, one of India’s largest steel producers, has announced an investment of nearly $2 billion to implement an ambitious decarbonization program. This program aims to reduce carbon dioxide emissions by 42% by 2030, compared to 2005 levels, according to GMK. The program is based on several key pillars, including expanding the use of renewable
JSW Steel Allocates $2 Billion to Reduce Carbon Emissions Read More »
US President Donald Trump issued an executive order on Friday approving the merger of US Steel and Japan’s Nippon Steel, after the two companies signed a national security agreement with the US government. US Steel and Nippon announced that the national security agreement will grant the US government a “golden share,” which stipulates specific commitments
Trump approves US Steel merger with Japan’s Nippon Steel Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $340/ tonne, unchanged compared 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 430 – 455 Dollars per tonne, while it was between 430– 455
Steel prices in the third week of June 2025 Read More »
Oil prices jumped more than 7% at the end of trading on Friday, June 13, 2025, hitting their highest levels in nearly five months and posting strong weekly gains. This came after Israel launched a strike against Iran, significantly escalating tensions in the Middle East and raising concerns about oil supply disruptions. Israel announced targeting
Oil prices jump above $74, posting strong weekly gains Read More »
On June 24, the US Trade Commission will begin investigating a complaint filed by major US steel producers seeking anti-dumping duties on rebar imports from producers in four countries, including Egypt and Algeria. This complaint threatens both countries with millions of dollars in losses. Major US steel producers have filed a complaint against some steel
The board of directors of Indian pipe manufacturer Jindal Saw has approved new international investments totaling $118 million to strengthen its presence in the Middle East. The largest initiative involves the creation of a 100% subsidiary in Abu Dhabi (UAE) to build a seamless pipe plant with a capacity of 300 thousand tons per year.
Jindal SAW plans to build new plants in the UAE and Saudi Arabia Read More »
Jindal Shadeed Iron & Steel LLC is modernizing its eight-strand Concast continuous billet caster at its facility in Sohar Port, Oman, to meet growing demand from the construction sector. The strategic upgrade further strengthens the company’s partnership with SMS Group, leveraging their technical expertise to enhance production capacity and diversify the product range, particularly in
Modernization and expansion of continuous caster at Jindal Shadeed in Oman Read More »
The World Bank has predicted that the global economy will experience its slowest decade of growth since the 1960s due to the impact of Donald Trump’s tariffs. Growth forecasts for nearly two-thirds of the world’s countries have been lowered compared to the Bank’s last forecast six months ago. The Bank expects global growth of only
World Bank predicts worst decade for global growth since Trump’s tariffs Read More »
The latest reports from the World Steel Association, released this month, revealed that Ezz Steel has topped the list of the largest steel producers in the Arab world and Africa, with a production of 6.4 million tons of crude steel in 2024, achieving the highest production in the company’s history. This surpasses the largest Saudi
In April this year, Turkey’s billet and bloom imports amounted to 268,490 metric tons, up 37.5% compared to March and down by 2.7% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these imports totaled $136.81 million, increasing by 40.1% compared to the previous
Turkey’s billet imports up 8.9% in January-April Read More »
China’s steel exports rose 9.9% year-on-year in May 2025, to 0.58 million tons, and 1.1% compared to April, according to data from the General Administration of Customs, cited by Reuters. This is the highest figure in seven months and the third consecutive month that exports have exceeded 10 million tons. Analysts attribute this growth to
China’s steel exports rise 9.9% in May 2025 Read More »
ArcelorMittal has inaugurated a new 20 million tonnes per annum concentrator in Nimba Province, Liberia. The event was attended by President Joseph Bokai of Liberia and Executive Chairman Lakshmi Mittal, according to a press release. The project is the centerpiece of the second phase of ArcelorMittal’s large-scale investment program worth $1.8 billion, bringing its total
US and Mexico are nearing a deal that would remove U.S. President Donald Trump’s 50% tariff on steel imports up to a certain amount, according to people familiar with the matter. This would be a modification of a similar agreement between the two trading partners during Trump’s first term. Trump has not been directly involved
US and Mexico are nearing a deal to ease steel tariffs Read More »
China’s iron ore imports in May missed expectations, dropping 4.9% from April, as mills exercised caution in buying seaborne cargoes in anticipation of slower steel consumption, according to Reuters. The world’s largest iron ore consumer brought in 98.13 million metric tons of the key steelmaking ingredient last month, data from the General Administration of Customs
China May iron ore imports fall on expectations of slow demand 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
Rebar prices in Egypt June 10, 2025 Read More »
In April this year, Turkey’s wire rod exports amounted to 47,983 metric tons, down by 74.1% compared to March and up by 17.2% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $28.69 million, decreasing by 73.4% compared to the previous
Turkey’s wire rod exports down 13.6% in January-April Read More »
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.
EU Steel Imports Decline by 9% in Q1 2025 Read More »
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
Turkey’s HRC exports up 54.2% in January-April Read More »
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
Steel prices in the second week of June 2025 Read More »
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 »