Arab Steel Summit

Arab Steel Summit

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Yukon and Danieli Collaborate on Infinite Rolling Technology

Using Danieli QSP-DUE technology, Yukon enjoys the greatest production flexibility thanks to three operating modes—infinite rolling, semi-infinite rolling, and coil-to-coil—which guarantee the widest range of steel grades and thicknesses. Danieli’s patented DySen casting machine recently set record casting figures: 145 mm thick sheets were consistently produced, a significant achievement for molds. 165 mm thick sheets …

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Egypt decides to launch safeguard investigation on Increased HRC imports

The Egyptian government has initiated a safeguard investigation into hot-rolled flat steel products. This measure has been long discussed in the market, with some flat steel manufacturers in the local market having long demanded it. On April 22, 2025, the Minister of Investment and Foreign Trade approved the initiation of a safeguard investigation into the …

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Saudi-Egyptian Forum: Industrial Agreements and Investment Partnerships in Steel Exports to Gulf and European Markets

Mr. Ayman El-Ashry, Chairman of the Cairo Chamber of Commerce and Member of the Federation of Egyptian Industries, stated that the activities of the second day of the Saudi-Egyptian Business Forum, held in the Saudi capital, Riyadh, witnessed tangible positive results that confirm the depth of economic relations between Egypt and Saudi Arabia. El-Ashry explained …

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Foundation stone laid for Xinfeng Egypt Steel Complex in Sokhna

The General Authority of the Suez Canal Economic Zone announced the laying of the foundation stone for the integrated industrial complex of the Chinese company Xinfeng Egypt Steel in the Sokhna Integrated Zone of the Suez Canal Economic Zone. The economic zone stated in a statement that the project includes nine diverse factories in its …

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Baosteel Expects Production Cuts in 2025 Due to Weak Demand

Baosteel, China’s largest listed steelmaker, said it is likely to cut production nationwide this year, citing external pressures on an industry already struggling with overcapacity and declining demand. Regarding the company’s first-quarter results, Cai Yanbo, deputy general manager of Baosteel, said the chances of a cut are high, as stated in the government report. Cai …

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Rebar prices in Egypt April 28, 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 38,200, El Marakby Steel EGP 37,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 35,000, El Komy Steel EGP …

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Arab countries’ crude steel production increased by 1.0% in Q1 of 2025.

News, steel Statistics / By user

According to the latest World Steel report on crude steel production, Arab countries’ crude steel production reached 3.4 million tons in March, unchanged from March 2024. Egypt topped Arab steel production in March, with 828.3 thousand tons, a decrease of -4.8%. Saudi Arabia came in second rank with 719.3 thousand tons, a decrease of -17.8%. …

Arab countries’ crude steel production increased by 1.0% in Q1 of 2025. Read More »

Morocco Launches $10 Billion Railway Development Project

Morocco has launched a high-speed rail extension project with investments of approximately 96 billion dirhams ($10 billion), part of the country’s massive infrastructure development projects in preparation for the 2030 World Cup. Under the project, “a new railway line will be constructed between the cities of Kenitra and Marrakech, covering a distance of approximately 430 …

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President of the Republic of Algeria lays the foundation stone for the “Iron Concentrate and Pellets” production complex project in the “Toumiat” region of Bechar

The President of the Republic of Algeria, Mr. Abdelmadjid Tebboune, oversaw the laying of the foundation stone for the “Iron Concentrate and Pellets” production complex project located in the “Toumiat” region of Bechar, as part of the Gara Djebilet iron ore mine exploitation project. The President had previously embarked on a working and inspection visit …

President of the Republic of Algeria lays the foundation stone for the “Iron Concentrate and Pellets” production complex project in the “Toumiat” region of Bechar Read More »

Steel prices in the fourth week of April 2025

According to the prices announced in the global steel markets, scrap prices amounted to $324/ tonne, $24 down compared to last week’s prices. and iron ore prices $99/ tonne, $2 up compared to last week’s prices. While the prices of billets ranged between 420 – 450 Dollars per tonne, while it was between 430 – …

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Indian Steel Minister: Coke Imports to Reach 160 Million Tons by 2030

India’s steel minister said coke imports will accelerate due to limited availability of the key steelmaking ingredient amid increased steel production capacity. Steel Minister Sandeep Pundrik explained that coke imports will reach 160 million tons by 2030, compared to about 58 million tons currently. Coke imports declined 0.7% year-on-year in fiscal 2025 due to lower …

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India Imposes 12% Tariff on Some Steel Imports

India, the world’s second-largest producer of crude steel, has imposed a temporary 12% tariff on some steel imports to curb a surge in cheap shipments from China. The Indian Finance Ministry announced that the safeguard tariffs will be in effect for 200 days starting Monday unless they are revoked, replaced, or modified. Indian Steel Minister …

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American Steelworkers Union Rejects Nippon Steel’s Acquisition of U.S. Steel

The United Steelworkers union informed Treasury Secretary Scott Bessent that it remains categorically opposed to Nippon Steel’s $15 billion bid for U.S. Steel or any deal that would give Nippon influence over the company. USW President David McCall told Bessent in a letter sent late yesterday that the union does not believe any mitigating measures …

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Rebar prices in Egypt April 22, 2025

Rebar prices in Egypt this week ranged between EGP 34,500 – 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 37,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 35,500, El Komy Steel EGP …

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US CRC Exports and Imports Decline in February 2025

According to export data from the US Department of Commerce, US exports of cold rolled coils totaled 48,412 mt in February this year, down 34.9% month on month and down 19.2% year on year. By value, CRC exports totaled $64.2 million in February, compared to $89.2 million in the previous month and $78.1 million in …

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Global carbon emissions from energy to reached all-time high in 2024

News, Public Reports / By user

Global energy-related carbon emissions increased by 0.8% year-on-year in 2024, reaching an all-time high of 37.8 Gt. This is stated in a recent report by the International Energy Agency (IEA). Last year, CO2 emissions from fuel combustion increased by about 1%, or 357 million tons, while those from industrial processes decreased by 2.3%, or 62 …

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POSCO Invests in Hyundai Steel’s US Steel Mill Project

POSCO Group, a leading South Korean steelmaker, said it will invest in Hyundai Steel’s US steel mill project as part of its strategy to address the comprehensive tariffs imposed by US President Donald Trump on steel imports. According to a press release, POSCO signed a memorandum of understanding with Hyundai Motor Group to participate in …

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Al Gharbia Pipe Company Produces 500,000 Tons Since Commencing Operations in Abu Dhabi

Abu Dhabi-based Al Gharbia Pipe Company has announced a major industrial milestone, achieving a total production exceeding 500,000 tons of steel pipes since commencing operations in 2019 at its facility located in the Khalifa Industrial Zone Abu Dhabi (KIZAD). This achievement reflects Al Gharbia’s reliance on advanced technologies, including artificial intelligence, and underscores its commitment …

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China warns countries against any negotiations that would harm its interests regarding US tariffs

China has denounced countries that are practicing “appeasement” with the United States in trade negotiations regarding US tariffs, stressing that it “firmly opposes” any agreement that harms its interests. Washington imposed 145% tariffs on most Chinese goods, even as high as 245% on some products, such as electric cars. In response, China imposed 125% tariffs …

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Tariffs Dominate IMF and World Bank Meetings

Hundreds of global financial and economic leaders are flocking to Washington, D.C., this week for the 2025 semi-annual Spring Meetings of the International Monetary Fund and World Bank Group. The atmosphere is tense, with one major concern: how to negotiate relief from the latest US tariffs. While these meetings typically focus on coordinating global policies …

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Oil falls as US tariffs resurface demand concerns

Oil prices fell 1.5% as investors refocused on concerns that US tariffs will create economic headwinds that will dampen fuel demand growth. Brent crude futures fell 97 cents, or 1.4%, to $66.99 a barrel at 06:40 GMT, after closing up 3.2% on Thursday. US West Texas Intermediate (WTI) crude fell 96 cents, or 1.5%, to …

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SMS group successfully renews whole automation system of hot strip mill PT Krakatau Steel

SMS group has completed the automation system upgrade of hot strip mill no. 1 at PT Krakatau Steel (Persero), Tbk. (PTKS) in Cilegon, Indonesia, marking a significant milestone with the production of the first sellable coil. This achievement underlined PTKS’s return to the Indonesian market as a producer of hot rolled coils following a lengthy …

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Trump’s Heavy Tariffs Hit Steel Companies

News, Public Reports / By user

The world’s largest steel miners face a difficult start to 2025, with production impacted by extreme weather conditions, while China, the largest buyer of the ore, prepares for a trade war. BHP Group, Rio Tinto Group, and Vale SA all announced lower quarterly shipments this week compared to last year, due to disruptions caused by …

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Steel prices in the third week of April 2025

According to the prices announced in the global steel markets, scrap prices amounted to $348/ tonne, $17 down compared to last week’s prices. and iron ore prices $97/ tonne, $1 down compared to last week’s prices. While the prices of billets ranged between 430– 460 Dollars per tonne, while it was between 440 – 470 …

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China’s crude steel production rises to 10-month high

China’s crude steel production rose in March to a 10-month high, driven by improved profit margins, but analysts expect production to remain flat or decline in April due to uncertainties about demand. Data from the National Bureau of Statistics showed that the world’s largest steel producer produced 92.84 million tons of crude steel last month, …

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Amid customs challenges, Arab Iron and Steel Union’s Economic Committee holds its 10th meeting

AISU, News / By user

Qatar Steel hosted the 10th meeting of the Economic Committee of the Arab Iron and Steel Union in Doha, Qatar, from April 14 to 15. The meeting brought together representatives from several Arab countries, including: Egypt, Saudi Arabia, Bahrain, Algeria, Kuwait, Qatar, Tunisia, of Libya, and Morocco. During the sessions, participants discussed the current economic …

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Trump’s Tariffs on Chinese Ships Threaten Shipping Giants

Container ships, the backbone of global trade and transporting about 90% of the world’s manufactured goods, have become a new target in Donald Trump’s conflict with China, and none of the major shipping companies appear to be immune from the potential additional costs. Trump wants to penalize Chinese ship operators to stimulate the development of …

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US steel exports down 13.3% in February 2025

According to export data from the US Department of Commerce, monthly steel exports in February this year down 13.3% from January and 12.2% year on year to 613,979 mt. In terms of value, US steel exports in February totaled $1.08 billion, compared to $1.19 billion in January and $1.25 billion in February last year. Steel …

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Rebar prices in Egypt April 15, 2025

Rebar prices in Egypt this week ranged between EGP 35,000 – 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 36,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 35,500, El Komy Steel EGP …

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EU suspends response to Trump tariffs until July 14

The European Commission announced on Monday that the European Union’s response to Donald Trump’s tariffs has been suspended until July 14 to allow time for negotiations with the US president. Washington and Brussels have been locked in a trade standoff for weeks over tariffs and retaliation, after Trump launched a trade war that has not …

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