Iron ore futures prices declined for the fifth session in a row, driven by increased shipments from Rio Tinto, the world’s largest iron ore supplier, alongside rising concerns over safety measures at Chinese plants, which have cast a shadow over demand expectations. The most actively traded iron ore contract for May delivery on China’s Dalian
Iron ore prices fall for the fifth consecutive session Read More »
BHP Group, the world’s largest mining company, produced 69.7 million tons of iron ore in the second quarter, marking a 5% increase compared with the same period last year, and reaffirmed its full-year production guidance. Copper output fell by 4% in the three months ended at the end of December, reaching 490,500 tons. The red
BHP boosts iron ore output amid pricing pressure from China Read More »
Rebar prices in Egypt ranged this week between EGP 33,500 and EGP 37,000 per ton. Major producers recorded clear price increases compared with last week. The price of Ezz Steel rose to EGP 37,000 per ton, up EGP 2,800, while Suez Steel increased to EGP 36,500 per ton, posting a similar gain. El Marakby Steel
Rebar Prices in Egypt – January 19, 2026 Read More »
Rio Tinto and BHP have agreed to explore collaboration to extract up to 200 mln tons of iron ore from their neighboring Yandicoogina and Yandi operations in the Pilbara. Under two non-binding memoranda of understanding, the companies will assess joint development of Rio Tinto’s Wunbye deposit and the supply of ore from BHP’s Yandi Lower
Rio Tinto, BHP explore joint iron ore development in Pilbara Read More »
Tosyali Algeria received the Minister of Foreign Trade and Export Promotion, Professor Kamel Rezig, alongside the Wali of Oran, Mr. Ibrahim Ouchan, during an official visit to the Tosyali Algeria industrial complex. As part of the visit to the Tosyali Algeria complex, the Minister attended the launch of Tosyali Algeria’s first steel export operations for
The Board of Directors of East Pipes Integrated Company for Industry has approved the establishment of a new external steel pipe coating line at the company’s pipe coating plant located in the Second Industrial City in Dammam, at an estimated cost of approximately SAR 78.5 million. In a statement published on Tadawul, the company said
The “Applied Hydraulics in the Iron and Steel Industry” training program has been launched as part of a series of specialized training programs organized by the Arab Iron and Steel Union in cooperation with Ezz Steel. The program runs from 18 January to 29 January 2026, with the participation of a number of technical professionals
EMSTEEL has expanded cooperation with Emirati real estate developers by signing a strategic memorandum of understanding with MERED to evaluate and deploy high-strength reinforcement steel in property developments. The agreement sets a framework to pilot advanced steel solutions aimed at improving structural efficiency while supporting sustainable construction practices. This marks EMSTEEL’s second such partnership, following
EMSTEEL deepens collaboration with real-estate developers Read More »
Qatar’s Official Gazette has published its first issue of the current year, including a package of Amiri decisions, decrees, and legislative amendments. In this context, Amiri Decree No. (117) of 2025 was issued, providing for an increase in customs duties on rebar and Wire rod products. Article (1) of the decree stipulates raising the customs
Qatar: Increase in Customs Duties on Rebar and Wire Rod Read More »
Global iron and steel markets witnessed relative price stability during the third week of January 2026, with some price movements recorded for certain products, according to data obtained by the Arab Iron and Steel Union. In terms of scrap and iron ore, prices for HS1&2 scrap (80:20) delivered to Turkey remained steady at $376 per
Steel Prices in the Third Week of January 2026 Read More »
Iron ore futures prices fell, heading toward weekly losses, amid weakening domestic demand for steel. The most actively traded May iron ore contract on China’s Dalian Commodity Exchange closed Friday’s session down 0.5%, settling at 812 yuan ($116.55) per ton. Meanwhile, on the Singapore Exchange, February iron ore futures declined by 1% to trade at
Iron Ore Prices Decline in China and Singapore Read More »
Ukraine reduced its iron ore exports by 8% year on year in 2025, reaching around 30.99 million tonnes compared with 2024, according to calculations by the GMK Center based on data from the State Customs Service of Ukraine. China remains the largest traditional importer of Ukrainian iron ore, with shipments totaling 16.41 million tonnes during
Ukraine’s iron ore exports declined by 8% in 2025 Read More »
Saudi Iron & Steel Company (Hadeed) and the National Shipping Company of Saudi Arabia (Bahri) have signed a letter of intent to explore opportunities for cooperation in maritime transport to meet Hadeed’s requirements for seaborne iron ore shipments. The LOI, signed in Riyadh, outlines the two parties’ intention to discuss mechanisms for leveraging Bahri’s capabilities
EMSTEEL and Modon have signed a strategic memorandum of understanding to explore potential collaboration on steel solutions for future developments. The partnership will assess innovative, high-yield and sustainable materials aimed at improving efficiency, performance and long-term value across projects. This marks the second MoU between the two companies, following an agreement signed in December 2024
EMSTEEL, Modon sign second MoU to explore sustainable steel solutions Read More »
China’s steel exports surged to an unprecedented level last month, capping a record-breaking year in which shipments defied mounting trade pressures and expectations of a slowdown. Data released by China’s General Administration of Customs showed that steel product exports rose to 11.3 million tonnes in December, surpassing the all-time high previously recorded in 2015. On
China’s Steel Exports Hit Record High Despite Global Pressures Read More »
A Memorandum of Understanding (MoU) was signed between Steel Steel Company and the National Industrial Development Center to cooperate in the production of special bar quality (SBQ) and round steel billets, in line with the objectives of Saudi Arabia’s Vision 2030, which aims to localize industry and create new job opportunities. The MoU aimed to
India’s rolled steel exports recorded strong growth of 33% year-on-year during the period from April to December 2025, reaching around 4.8 million tonnes in the first nine months of the 2025/2026 fiscal year, according to preliminary government data cited by Reuters. During the same period, rolled steel imports totaled approximately 4.65 million tonnes. Total steel
India’s Rolled Steel Exports Rise 33% in April-December 2025 Read More »
SNIM achieved a record level of iron ore production and sales in 2025, reaching around 14.7 million tonnes and surpassing the 14 million-tonne threshold for the third consecutive year, reflecting clear improvements in operational performance and sustained growth. The company aims to increase production and sales to 15.5 million tonnes in 2026, focusing on enhancing
SNIM Achieves a Record in Iron Ore Production in 2025 Read More »
Primetals Technologies is implementing a software upgrade across the entire Level 1 and Level 2 process control systems at voestalpine stahl’s BETA 2 pickling line and tandem cold mill (PLTCM) in Linz, Austria. This upgrade will strengthen IT security, increase system availability, and ensure that the PLTCM meets the latest standards in automation. Commissioning is
The Libyan Iron and Steel Company (LISCO), one of the largest industrial companies in Libya and North Africa, announced the achievement of a new historic production record by the end of 2025. Steel Plant No. 1 recorded its highest-ever output of billets, reaching 861,000 tonnes, a level never previously attained since the plant began operations.
Libyan Iron and Steel Company Achieves Historic Production Record by End of 2025 Read More »
The Arab Company for Special Steel Arcosteel, a subsidiary of El Ashry Steel Group, plans to inject new investments worth EGP 6 billion during 2026 as part of its expansion strategy to increase production capacity and strengthen its presence in both local and international markets, according to Ahmed Hammam, Managing Director of the company, speaking
Arcosteel plans to inject EGP 6 billion in new investments in 2026 Read More »
Rebar prices in Egypt ranged this week between EGP 30,700 and EGP 34,200 per ton. Major producers maintained stable prices, unchanged from last week. The price of Ezz Steel remained at EGP 34,200 per ton, while Suez Steel held steady at EGP 33,700, Beshay Steel at EGP 34,000, and Elmarakby Steel at EGP 34,000 per
Rebar Prices in Egypt – January 12, 2026 Read More »
ArcelorMittal Méditerranée has invested nearly €245 million in environmental and ecological projects at its sites in France from 2014 to 2024, according to agronews.ua. The company managed to reduce the overall environmental impact of production by approximately 71%, particularly in indicators such as nitrogen and sulfur oxide emissions, dust, and dioxins. One of the key
ArcelorMittal invested €245 million in decarbonization in France over 10 years Read More »
In November last year, Turkey’s hot rolled coil (HRC) imports amounted to 397,772 metric tons, up by 26.6% compared to October and up by 8.6% year on year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the value of these imports totaled $210.81 million, increasing by 24.8% compared to the previous
Turkey’s HRC imports up 10.1% in Jan-Nov 2025 Read More »
Global iron and steel markets witnessed a state of relative price stability during the second week of January 2026, with limited price movements recorded for some products, according to data obtained by the Arab Iron and Steel Union. Prices of HS1&2 steel scrap (80:20 mix) imported into Turkey from the United States stood at USD
Steel Prices in the Second Week of January 2026 Read More »
Gulf Steel has submitted a formal bid to acquire Specialty Steel, the third-largest steel producer in the United Kingdom, during the weekend, in a move aimed at rescuing the struggling British company and ensuring the continuity of its operations. Gulf Steel, also known as Arabian Gulf Steel Industries, is one of a limited number of
“Gulf Steel” Makes Bid to Buy Struggling British Steel Company Read More »
Morocco’s leading flat steel producer Maghreb Steel has strengthened steelmaking efficiency and workplace safety by installing new automated systems supplied by MORE, a manufacturer of chemical energy and auxiliary equipment for the steel industry. The company has commissioned MOTANK, a remote-controlled ram that removes scrap from the slag door to prevent blockages, and STROP, a
Maghreb Steel upgrades melt shop safety with automated systems Read More »
Pittini Group has awarded Danieli the contract for the modernization of the rolling mill at its SiderPotenza plant in Potenza, Italy. The project aims to enhance production efficiency reducing billet reheating gas consumption and overall CO₂ emissions, in line with Pittini’s sustainability strategy. The revamp will include a new rolling mill featuring 20 SHS cartridge
“Pittini” Selects “Danieli” to Modernize Steel Rolling Mill Plant in Italy Read More »
The UK Trade Remedies Authority (TRA) has revoked the tariff-rate quota (TRQ) exemption for imports of Category 13 steel products (rebar, HS codes 72142000 and 72149910) from Vietnam, following an investigation that revealed that Vietnamese volumes exceeded the 3% threshold for developing countries. During the investigation period from October 1, 2024, to September 30, 2025,
UK cancels import quota exemption for Vietnamese rebar Read More »
Australian media billionaire Kerry Stokes, in partnership with U.S.-based Steel Dynamics, has submitted an all-cash offer worth nearly $9 billion to acquire BlueScope, Australia’s largest steel producer, in a deal that would significantly expand Stokes’ industrial footprint. The bidders said they plan to split the company along geographic lines, with Stokes’ SGH group taking control