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 2, 2025 Read More »
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
Egypt : Ezz Steel maintains rebar prices for June 2025 Read More »
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
Steel prices in the first week of June 2025 Read More »
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 »
Emirates Steel, a subsidiary of the Amsteel Group, announced that rebar prices for June production will remain unchanged for the fifth consecutive month. The company maintained the rebar price at AED 2,660 ($724) per ton for shipments to Abu Dhabi. For shipments to Dubai, Sharjah, and the Northern Emirates, the price is AED 2,668 ($726).
Emirates Steel Maintains Rebar Prices for June 2025 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, May 26, 2025 Read More »
In April 2025, Chinese steelmakers that are members of the CISA industry association increased their total emissions by 18.3% compared to April 2024. This is evidenced by the association’s data. Despite the increase, emissions of sulfur dioxide, particulate matter and nitrogen oxides in exhaust gases decreased by 8.6%, 4.7% and 11.2% y/y, respectively. The total
Emissions in China’s steel industry increased by 18.3% y/y in April Read More »
Steelmaking operations will be even greener at EMSTEEL thanks to the installation of an e-PGH Pilot (electric Process-Gas Heater) serving the DRI plant #1 at Abu Dhabi works, UAE, a plant that uses the Energiron technology jointly developed by Tenova and Danieli. The agreement for the supply of the industrial module follows the collaboration agreement
EMSTEEL proceeds with carbon-reduction program with Danieli Read More »
President Donald Trump said he has agreed to postpone the imposition of 50% tariffs on European Union imports until July 9, the latest in a series of announcements of imminent tariffs that have rattled markets and then subsequently backed down. Trump explained that he had a “very nice” call with European Commission President Ursula von
Trump Postpones Imposing 50% Tariffs on EU Until July 9 Read More »
In January-April 2025, the Ukrainian long products market showed a significant increase in imports, up 81.1% year-on-year – to 70.78 thousand tons. This is evidenced by GMK Center’s calculations based on the State Customs Service data. Angles, shaped and special profiles (HS 7216) accounted for the bulk of supplies, amounting to 31.11 thousand tons, up
Ukraine increased imports of long products by 81.1% in Jan.-Apr. 2025 Read More »
Dr. Mostafa Madbouly, Prime Minister, held a meeting to review the challenges facing the iron and steel industry in Egypt and the mechanisms and steps to develop it. The meeting was attended by Lieutenant General Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport; Dr. Sherif Farouk, Minister of
According to the latest report issued by World Steel on crude steel production, Arab countries’ crude steel production reached 3.4 million tons in April, a 1.7% increase compared to April 2024. Egypt topped Arab steel production in April, with 831,000 tons, a decline of -7.2%. Saudi Arabia came in second place with 757,000 tons, a
Arab countries’ crude steel production increased by 1.7% in April 2025. Read More »
According to preliminary census data from the US Department of Commerce, US imports of rebar totaled 85,753 mt in February this year, up 85.9% month on month and down 11.5% year on year. By value, rebar imports totaled $52.3 million in March this year, compared to $30.8 million in February and $59.7 million in March
US rebar imports down 11.5% in March 2025 Read More »
The Egyptian government intends to issue new licenses for the production of billets, a key raw material in the iron industry, as part of a plan to reduce reliance on imports and meet growing domestic demand. Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir said, “The Egyptian government is
Egypt Prepares to Issue Licenses for Production of Key Raw Material in the Iron Industry Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $347/ tonne, unchanged compared to last week’s prices. and iron ore prices $99/ tonne, $2 down compared to last week’s prices. While the prices of billets ranged between 420 – 455 Dollars per tonne, while it was between 420– 450 dollars
Steel prices in the fourth week of May 2025 Read More »
In a move aimed at strengthening domestic industry and stimulating the job market, US President Donald Trump announced his approval of a strategic partnership between Japan’s Nippon Steel and US Steel to produce steel in the United States. Trump explained in a post on Truth Social on Friday that this deal will contribute to the
Trump Gives Green Light to Nippon Steel-US Steel Merger Read More »
Tata Steel has completed Phase II of its expansion project at Kalinganagar in Odisha, increasing the plant’s crude steel capacity from 3 to 8 mln tons per annum. This brings the company’s total steelmaking capacity in India to 26.1 mln tons per year. The upgraded Kalinganagar facility features advanced technologies focused on sustainability, efficiency, and
Tata Steel completes 5 MT expansion project at Kalinganagar Read More »
World crude steel production for the 69 countries reporting to the World Steel Association (worldsteel) was 155.7 million tonnes (Mt) in April 2025, a 0.3% decrease compared to April 2024. Africa produced 1.9 Mt in April 2025, up 6.3% on April 2024. Asia and Oceania produced 115.0 Mt, up 0.1%. The EU (27) produced 11.1
World crude steel production decreased by 0.3 % in April 2025 Read More »