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China’s iron ore imports in March fell to their lowest level in 20 months.

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China’s iron ore imports fell in March to their lowest level in 20 months, contributing to a 7.8% year-on-year decline in first-quarter shipments to around 285.31 million tons. According to data released by Chinese customs on Monday, the world’s largest consumer of iron ore imported 93.97 million tons of the key steelmaking ingredient last month, …

China’s iron ore imports in March fell to their lowest level in 20 months. Read More »

China warns London against ‘politicizing’ British Steel

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China has urged the British government to avoid politicizing the British Steel case, following comments by the UK trade minister criticizing the Chinese company’s takeover of the country’s last steelmaking plant. China warned the UK government to treat the Chinese owners of British Steel fairly or risk undermining investor confidence in the country, two days …

China warns London against ‘politicizing’ British Steel Read More »

Jazeera Steel’s profits reach OMR 2.1 million (up 15%) by the end of Q1 of 2025

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Jazeera Steel, a steel pipe manufacturer, reported profits of OMR 2.10 million (17 baisas per share) by the end of the first quarter of 2025, compared to profits of OMR 1.82 million achieved in the same period in 2024, as shown in the following table: Income Statement Period Q1 2024 Q2 2025 Change Revenue (OMR …

Jazeera Steel’s profits reach OMR 2.1 million (up 15%) by the end of Q1 of 2025 Read More »

Britain Takes Over Operation of Last Crude Steel Mill After Dispute with Chinese Owners

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The British government expressed confidence in its ability to secure sufficient raw materials to ensure the continued operation of blast furnaces at the country’s last crude steel plant after taking operational control of the plant from its Chinese owners. The government explained that the Chinese Jingye Group, owner of British Steel, had decided to close …

Britain Takes Over Operation of Last Crude Steel Mill After Dispute with Chinese Owners Read More »

SSAB and SMS group advance sustainable steel production

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SSAB, a global leader in steel manufacturing, has awarded SMS group an Early Services Agreement for the delivery of the cold rolling complex at its steel production facility in Luleå, Sweden. This project marks a significant step towards sustainable steel production, underscoring SSAB’s commitment to green technologies and processes. With an annual production capacity of …

SSAB and SMS group advance sustainable steel production Read More »

Ezz Steel Clarification Regarding EU Anti-Dumping Duty

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Ezz Steel, listed on the Egyptian Exchange under the code ESRS, has sent a clarification regarding the provisional anti-dumping duty imposed by the European Union. The company’s statement, sent to Mubasher Info, stated that it is necessary to correct some interpretations and provide an accurate account of the company’s position and the grounds for its …

Ezz Steel Clarification Regarding EU Anti-Dumping Duty Read More »

Turkey’s slab imports up by 19.6% in January-February 2025

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In February this year, Turkey’s slab imports amounted to 387,637 metric tons, up by 22.8% compared to January and increasing by 75.1% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these imports totaled $191.43 million, increasing by 19.0% compared to the previous month …

Turkey’s slab imports up by 19.6% in January-February 2025 Read More »

Iron ore prices fall to lowest level in more than six months

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Iron ore prices fell during Wednesday’s trading amid escalating global trade tensions, touching their lowest level in more than six months. The most actively traded iron ore futures contract for September delivery on the Dalian Exchange ended trading today down 2.68% at 689 yuan ($93.74) per metric ton, after touching its lowest level since September …

Iron ore prices fall to lowest level in more than six months Read More »

Trump suspends tariffs on China for 90 days, raises them to 125%

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US President Donald Trump announced today that he had authorized a 90-day temporary suspension of his tariff plan, but also raised the tariff rate on China to 125%, effective immediately, from 104%. Trump added that he had “authorized a 90-day suspension and a significant reduction in the reciprocal tariff during that period, by 10%, effective …

Trump suspends tariffs on China for 90 days, raises them to 125% Read More »

Libyan Iron and Steel Company Achieves Unprecedented Exports of HBI in Q1 2025

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The Libyan Iron and Steel Company announced an unprecedented achievement, achieving the highest export figure in its history during the first quarter of 2025, exporting 210,000 tons of hot briquetted iron (HBI) to several Arab and European countries via 16 ships from the company’s port. This qualitative achievement comes in partnership with FGE, which played …

Libyan Iron and Steel Company Achieves Unprecedented Exports of HBI in Q1 2025 Read More »

New escalation in trade war: China raises tariffs on US goods to 84%

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China has raised tariffs on US goods to 84% from 34%, effective April 10, according to a government statement released Wednesday, in a new escalation of the trade war that has rocked global markets. China’s move comes as Trump’s latest tariffs took effect in Beijing on Wednesday afternoon, bringing the total US tariffs on Chinese-made …

New escalation in trade war: China raises tariffs on US goods to 84% Read More »

EU retaliates with initial package of tariffs on $23.2 billion worth of goods

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The European Union has agreed to impose tariffs on €21 billion ($23.2 billion) worth of US goods in retaliation for the 25% tariffs imposed by President Donald Trump last month on EU steel and aluminum exports. A majority of the EU’s 27 member states voted Wednesday in favor of the sanctions, some of which will …

EU retaliates with initial package of tariffs on $23.2 billion worth of goods Read More »

EMSTEEL Recognised as 2025 ‘Worldsteel Sustainability Champion’ for Second Consecutive Year

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EMSTEEL  has announced its recognition as a 2025 Steel Sustainability Champion by the World Steel Association (worldsteel), cementing the Group’s position as the sole receiver of the prestigious accolade in the Middle East and North African region for a second consecutive year. The recognition was presented during the worldsteel Special General Meeting held in Sydney, …

EMSTEEL Recognised as 2025 ‘Worldsteel Sustainability Champion’ for Second Consecutive Year Read More »

Turkey’s wire rod exports down by 51.7% in January-February 2025

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In February this year, Turkey’s wire rod exports amounted to 46,869 metric tons, down by 15.3% compared to January and by 66.7% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $26.99 million, decreasing by 16.0% compared to the previous month …

Turkey’s wire rod exports down by 51.7% in January-February 2025 Read More »

IMF warns: Trump’s tariffs pose a “significant risk” to the global economy

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International Monetary Fund Managing Director Kristalina Georgieva warned that the new tariffs announced by US President Donald Trump on his country’s imports pose a “significant risk” to the global economy. “It is important to avoid actions that could further damage the global economy,” she said in a statement, as Washington’s trading partners consider retaliatory measures …

IMF warns: Trump’s tariffs pose a “significant risk” to the global economy Read More »

White House Exempts Steel, Aluminum, Copper, and Gold from Reciprocal Tariffs

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The US administration has announced exemptions for a number of essential goods, including steel, aluminum, copper, and gold bullion, from retaliatory tariffs, according to an official document distributed by the White House. The White House said that steel and aluminum imports will not be subject to reciprocal tariffs, a move that will at least provide …

White House Exempts Steel, Aluminum, Copper, and Gold from Reciprocal Tariffs Read More »

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