The rebar market in Saudi Arabia witnessed a slight increase in prices during the period January-April 2025, recording a 2.3% increase compared to the same period last year, according to data from the General Authority for Statistics. According to the official report, the average price per ton of rebar during the months of January-April of
Saudi Arabia: Rebar Prices Increase by 2.3% in January-April 2025 Read More »
The Iron and Steel Mines and Quarries Company recorded a jump in profits during the first nine months of the current fiscal year, with a growth rate of 281.42% year-on-year. The company stated in a statement to the Egyptian Exchange that it achieved a net profit after taxes of EGP 431.96 million during the period
Egypt: Iron and Steel Mines Company’s Profits Jump 281.4% in 9 Months Read More »
NMDC Energy, a leading provider of engineering, procurement, and construction (EPC) services to offshore and onshore energy customers, announced the signing of a strategic Memorandum of Understanding (MoU) with Abu Dhabi-based Al Gharbia Pipe Company to explore opportunities to accelerate steel pipe production within the UAE, in line with growing local and regional demand. Al
Saeed Ghumran Al Rumaithi, CEO of Emsteel Group, said that the group is serving as the metals and manufacturing sector partner for the 2025 edition of the forum, supporting the national industrial strategy. Al Rumaithi revealed that the group is expanding its production lines to supply the market with new steel products at a cost
Emsteel Expands Production Lines at AED 625 Million Read More »
As part of the Arab Iron and Steel Union’s objectives to promote human development and enhance skills in the iron and steel sector, the Union trained a group of technicians from Ezz Dekheila Steel through the “Maintenance Management Systems” training program. The program covers the following topics: The concept of maintenance systems management Maintenance organizations
India’s steel exports increased by 11.7% year-on-year – to 725.54 thousand tons in April this year. Compared to March, these volumes decreased by 2.7%, according to BigMint. In April, the country reduced supplies to the United States and Saudi Arabia, but increased exports to the EU, reaching a 13-month high of more than 358 thousand
India increased steel exports by 12% y/y in April Read More »
Aldar Group has announced that it will become the first real estate developer in the Middle East and North Africa (MENA) region to use rebar manufactured using green hydrogen in a development project. The rebar, which will be locally sourced from Emsteel Group, one of the largest listed steel and building materials companies in the
Aldar and Emsteel Collaborate to Promote Sustainable Steel Use Read More »
In April this year, China’s outputs of pig iron, crude steel, and finished steel totaled 72.58 million mt, 86.02 million mt, and 125.09 million mt, increasing by 0.7%, remaining stable, and rising by 6.6%, respectively, all on a year-on-year basis, as announced by China’s National Bureau of Statistics (NBS). Nevertheless, compared to March, crude steel
China’s crude steel production fell 7% in April, m-o-m Read More »
In the January-April period this year, China’s exports of steel bars totaled 5.71 million mt, up 48.1% year on year, while wire rod exports amounted to 940,000 mt, up 10.8% year on year, according to the Chinese customs authorities. At the same time, China’s export volumes of angles/channels came to 2.22 million mt in the
China’s steel bar exports increase by 48.1% in January-April 2025 Read More »
Amid political pressure and national security concerns, Japan’s Nippon Steel has raised its investment offer to $14 billion in a desperate bid to secure US approval for its acquisition of US Steel, the venerable company founded in 1901 and an industrial icon in the electorally vital state of Pennsylvania. According to a document reviewed by
Japan’s Nippon Steel Raises Bid to $14 Billion to Save US Steel Deal Read More »
According to preliminary census data from the US Department of Commerce, US monthly steel imports in March this year were up 11.6% from February and down 0.6% year on year to total 2,271,358 metric tons. In terms of value, US steel imports in March totaled $2.61 billion, compared to $2.30 billion in February and $2.77
US steel imports up 11.6% in March 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 19, 2025 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $347/ tonne, $7 up compared to last week’s prices. and iron ore prices $101/ tonne, $3 up compared to last week’s prices. While the prices of billets ranged between 420 – 455 Dollars per tonne, while it was between 420– 450
Steel prices in the third week of May 2025 Read More »
In a joint letter, a coalition of manufacturers, investors, and climate groups called on the Chancellor of the Exchequer Rachel Reeves to reduce electricity prices to unlock growth, boost electrification, and secure the UK’s place in the global clean economy. Among the signatories to the letter are industry association UK Steel and steel producer 7
British industry calls for lower electricity prices Read More »
SMS Group has announced the development of customized coating solutions and special coating equipment, integrated into its TecGuard coatings range, to meet the needs of various industrial processes, ensuring optimal performance and longevity, while combining sustainability and cost-effectiveness. “Repairing parts instead of manufacturing new ones significantly reduces material waste and energy consumption. That’s why our
SMS Group Launches Coating Solutions for Refurbishment, Repair, and Corrosion Protection Read More »
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Protected: 10th Economic Committee Report – April 2025 Read More »
Emsteel recorded a net profit after tax of AED 86.3 million in the first quarter, a decrease of 32.6% compared to AED 128.2 million. As of March 31, 2025, the group maintained strong liquidity, with available cash of AED 881 million, compared to AED 823 million as of December 31, 2024. The group’s operations performed
Emsteel’s profits reach AED 86.3 million in the first quarter of 2025 Read More »
Al Gioshy Steel Group has concluded several new export deals to the Libyan and Sudanese markets, totaling more than 50,000 tons of rebar, as part of the implementation of reconstruction plans for both countries. Engineer Islam Al Gioshy, CEO of the group, stated that Al Gioshy Steel factories currently allocate approximately 20% of their production
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Protected: Arab Steel Magazine March – April 2025 Read More »
Indian steelmaker Tata Steel increased steel production in India by 4.3% y/y – to 21.7 million tons in FY2024/2025 (ended March 31, 2025). The figure is the highest in the company’s history. This is stated in the company’s financial report. Consolidated steel production in the period increased by 3.3% y/y – to 30.9 million tons.
Tata Steel increased steel production in India by 4% y/y in FY2024/2025 Read More »
Vale Oman signed a preliminary agreement with OQ Alternative Energy (OQAE) during Oman Sustainability Week, marking a major step in its strategy to decarbonize operations and transition to renewable energy in Oman. The agreement establishes a framework for powering Vale’s iron ore pelletizing plant in Sohar Port with renewable energy, supporting the future energy needs
Oman : Vale Plans to Switch to Renewable Energy for Iron Ore Pelletization in Sohar Read More »
National Iron and Steel Company (Watani Steel) recorded a 41.53% decline in net profits in the first quarter of 2025, compared to the same quarter of 2024. The company’s results revealed a decline in net profits to SAR 2.87 million in the first quarter of this year, compared to profits of SAR 4.91 million for
Watani Steel’s profits decline by 41.53% in Q1 of 2025 Read More »
Iron ore futures prices rose to their highest level in more than five weeks, driven by moves by the United States and China to reduce tariffs following a trade agreement. During Wednesday’s trading on the Dalian Exchange in China, the most active iron ore contract for September delivery touched its highest level since April 7,
Iron ore prices rise to 5-week high Read More »
In a surprise move that sparked a wave of optimism in global markets, the United States and China announced a historic agreement to significantly and temporarily reduce tariffs on each other’s imports for an initial 90 days, while establishing a sustainable mechanism to continue economic and trade talks. The joint statement, issued after marathon negotiations
Historic US-China Tariff Mechanism Agreement Read More »
The Arab Iron and Steel Union held its 130th Board of Directors meeting and 58th General Assembly on May 11 in Nouakchott, the Islamic Republic of Mauritania, with the participation of representatives from 45 iron and steel companies across the Arab world. The meeting was hosted by the National Industrial and Mining Company (SNIM), a
Eng. Ahmed Ezz Elected as Chairman of Arab Iron and Steel Union (2025–2029 Term) 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 38,200, 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 12, 2025 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $340/ tonne, $10 up compared to last week’s prices. and iron ore prices $98/ tonne, unchanged from last week’s prices. While the prices of billets ranged between 420 – 450 Dollars per tonne, while it was between 420– 450 dollars per
Steel prices in the second week of May 2025 Read More »
The United States has set certain conditions for implementing its offer to reduce tariffs on steel imports from Britain, raising further doubts about the Chinese company Jingye Group’s ownership of British Steel. According to the framework agreement announced by US President Donald Trump and Prime Minister Keir Starmer, the United States will offer a quota
Ayman El Ashry, Chairman of the Cairo Chamber of Commerce and Chairman of Ashry Steel Group, stated that during the Labor Day celebrations in the valiant land of Suez, attended by His Excellency President Abdel Fattah El Sisi, the new lines of the Arab Special Steel Factory (Arcosteel), affiliated with Ashry Steel Group, the only
