Saudi Iron and Steel Company (Hadeed) has announced that long steel prices will remain unchanged for April deliveries. The company is offering rebar (12-32 mm) at SAR 2,350 ($626) per ton, while wire rod (6.5-16 mm) is set at SAR 2,320 ($618) per ton. Above prices are on a CPT Riyadh basis, excluding 15pct VAT.
Hadeed leaves long steel prices unchanged for April deliveries Read More »
The European Union has introduced a set of stricter rules on its steel imports, citing concerns about global supply flooding the European market. The new rules place restrictions on the planned expansion of duty-free steel imports and tighten rules on handling unused import quotas. The European Commission said in a statement: “The tightened measure will
EU Tightens Restrictions on Steel Imports Read More »
Ayman Ashry, Chairman of the Cairo Chamber of Commerce, emphasized the importance of his meeting with Lieutenant General Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, and Engineer Hassan El-Khatib, Minister of Investment and Foreign Trade, to discuss ways and mechanisms to advance the iron and steel industry in
World crude steel production for the 69 countries reporting to the World Steel Association (worldsteel) was 144.7 million tonnes (Mt) in February 2025, a 3.4% decrease compared to February 2024. Africa produced 1.9 Mt in February 2025, up 7.6% on February 2024. Asia and Oceania produced 107.3 Mt, down 2.6%. The EU (27) produced 10.1
World crude steel production decreased by 3.4% in February 2025 Read More »
Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for April production will remain unchanged for the third consecutive month. The company has set the rebar price at AED 2,660 (USD 724) per ton for deliveries to Abu Dhabi, while shipments to Dubai, Sharjah, and the Northern Emirates are offered at
Emirates Steel holds rebar prices steady for April production Read More »
The Iron and Steel Mines and Quarries Company achieved sales of EGP 156.75 million in February. Sales from the Bahariya Oasis mines in January reached EGP 156.69 million, and sales from the Beni Khaled quarries in Samalut reached approximately EGP 57,970. The profits of the Iron and Steel Company for Mines and Quarries increased by
Egypt: EGP 156.75 Million in Sales for Iron and Steel Mines and Quarries in February Read More »
Engineer Mohamed Saadawi, Chairman of the Metallurgical Industries company, revealed the goal of operating Delta Steel at full production capacity in the second quarter of this year. In a press conference organized by the Ministry of the Public Business Sector, he stated that the company’s first production line was facing some problems, which required the
India plans to impose a 12% “safeguard duty” on certain steel products for 200 days to protect its domestic industry from “serious injury” caused by a sharp increase in imports. While the move was welcomed by domestic manufacturers, it has raised concerns among manufacturing industries about rising costs. This decision comes as India faces the
India plans to impose 12% tariff to protect domestic steel industry Read More »
Rebar prices in Egypt this week ranged between EGP 31,800 – 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 32,500, El Komy Steel EGP
Rebar prices in Egypt March 24, 2025 Read More »
According to final census data from the US Department of Commerce, US imports of standard pipe totaled 61,233 mt in January this year, down 33.8% from December and up 16.8% year on year. By value, standard pipe imports totaled $73.2 million in January, compared to $94.6 million in December and $68.9 million in January last
US standard pipe imports down 33.8% in January 2025 Read More »
Riyadh Steel Company, which operates in the steel industry and scrap metal sales, reported a 82% decrease in profits to SAR 2 million by the end of 2024, compared to SAR 11.1 million achieved during the same period in 2023. Summary of financial results (million) Item 2023 2024 Change Revenue 134.20 162.57 21.1 % Gross
Riyadh Steel profits reach SAR 2 million (-82%) by the end of 2024 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $381/ tonne, $1 up compared to last week’s prices. and iron ore prices $100/ tonne, $4 down compared to last week’s prices. While the prices of billets ranged between 445 – 475 Dollars per tonne, while it was between 435 –
Steel prices in the fourth week of March 2025 Read More »
Norway’s Blastr Green Steel has announced that its planned low-emission steel plant in Inkoo, Finland, has successfully passed the environmental impact assessment (EIA) process, moving the project into the permitting process. Antti Kaikkonen, Blastr Green Steel’s Country Manager for Finland, said the company had worked for more than two years to obtain these assessments with
Blastr Green Steel Receives Environmental Approval Read More »
The 5800-cubic-meter blast furnace #4 of Jiangsu Shagang Group, at Zhangjiagang plant, in the Lo Jiangsu province, is back in operation after a modernization project executed by Danieli Corus. The project consisted of the conversion of the bosh, belly and lower stack zones to the Danieli Corus high-conductivity lining design, based on a dense pattern
China’s largest blast furnace back in operation Read More »
In the January-February period this year, China’s iron ore production amounted to 158.353 million mt, decreasing by 12.6% year on year, according to China’s National Bureau of Statistics (NBS). Import iron ore prices moved up first in February, while edging down late in the month. The lowest level of $96/mt during the given month was
China’s iron ore output down 12.6% in Jan-Feb 2025 Read More »
According to preliminary data released by the US Department of Commerce, US imports of rebar totaled 166,058 mt in January this year, up 191.1% month on month and up 310.5% year on year. By value, rebar imports totaled $105.2 million in January this year, compared to $39.5 million in December and $26.8 million in January
US Rebar Imports Rise in January 2025 Read More »
The European Union will cut steel import quotas to reduce imports by an additional 15% starting next April, a move aimed at preventing cheap steel from flooding the European market after Washington imposed new tariffs. “At a time when no one respects WTO rules and everyone resorts to national security, the EU cannot be the
EU to cut steel imports by 15% starting April Read More »
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Protected: Arab Steel Magazine January – February 2025 Read More »
India is moving to join the wave of protectionist measures in the steel sector, preparing plans to impose import tariffs one week after US President Donald Trump’s decision to impose 25% tariffs on steel and aluminum imports. The Indian Ministry of Commerce has proposed a 12% duty on a wide range of imported steel products,
India joins the trade war, moves to impose tariffs on steel imports Read More »
Ezz Steel is preparing to file an objection to the methodology used by the European Commission to calculate provisional anti-dumping duties on its products, a company official revealed to Asharq Bloomberg. The official, who declined to be identified due to the sensitivity of the matter, confirmed that the objection will be filed “within days.” The
Egypt: Ezz Steel to Object to EU Anti-Dumping Duty Calculation Methodology Read More »
Rebar prices in Egypt this week ranged between EGP 31,800 – 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 32,500, El Komy Steel EGP
Rebar prices in Egypt March 18, 2025 Read More »
Dubai-based steel fabricator, Fabtech Engineering has signed a strategic agreement with French industrial leader Groupe M to drive innovation and sustainability in the UAE’s nuclear and renewable energy sectors. Fabtech, a key player in heavy manufacturing across the GCC and global markets, will expand its nuclear sector offerings by supplying ‘Made in UAE’ products to
Fabtech partners with Groupe M to advance steel solutions for energy sector Read More »
A statement from the European Commission revealed that the European Union is considering imposing an initial anti-dumping duty of 15.6% on HRC imports from Egypt, starting April 7. It will continue its studies and reach a final decision in October. The European Union has the right to impose an additional 25% duty on quantities exceeding
EU is considering imposing a 15.6% AD duty on HRC imports from Egypt Read More »
In the January-February period this year, China’s outputs of pig iron, crude steel and finished steel totaled 140.75 million mt, 166.3 million mt and 224.09 million mt, decreasing by 0.5%, down 1.5% and up 4.7% year on year, respectively, as announced by China’s National Bureau of Statistics (NBS). In early March (March 1-10) this year,
China’s crude steel output down 1.5% in Jan-Feb 2025 Read More »
Iron ore prices fell on Monday as a series of Chinese real estate data exacerbated concerns about the demand outlook, as well as the looming trade war, which threatens to slow economic growth. Iron ore futures for May delivery on the Dalian Commodity Exchange fell 1.15% to 778.5 yuan per ton ($107.55) at the close
Iron ore futures fall 2% as Chinese real estate data weighs Read More »
The value of Egypt’s iron and steel imports increased by 20.9% in 2024, reaching $5.179 billion, compared to $4.285 billion in 2023. Foreign trade data showed that iron and steel accounted for 5.5% of Egypt’s total imports last year, amounting to $94.698 billion. A data analysis showed that five countries—China, Russia, the United Kingdom, Belgium,
Egypt’s iron and steel imports rise to $5.2 billion in 2024 Read More »
The American Chamber of Commerce to the European Union warned on Monday that the tariff war between the United States and Europe is threatening $9.5 trillion in annual transatlantic business. The chamber, which has more than 160 members including Apple, ExxonMobil, and Visa, highlighted in its annual Transatlantic Economic Report a close trade relationship that
US-EU Tariff War Threatens $9.5 Trillion in Business Read More »
According to Egypt’s State Information Service, Prime Minister Moustafa Madbouli visited Kandil Steel Factory in 10th of Ramadan City. Chairperson Amr Kandil welcomed him to the facility. Executive VP Reham Abou El-Soud noted that exports account for 50pct of production. Following factory upgrades, the workforce grew to 1,400 employees, with investments reaching $25 mln. Modernized
Egypt : Kandil Steel to expand production capacity to 900,000 tons annually Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $380/ tonne, $8 up compared to last week’s prices. and iron ore prices $104/ tonne, $4 up compared to last week’s prices. While the prices of billets ranged between 435 – 465 Dollars per tonne, while it was between 435 –
Steel prices in the third week of March 2025 Read More »
Morocco’s Ministry of Industry and Commerce has initiated an anti-dumping investigation into galvanized wire imports from Egypt and UAE. The probe follows a complaint by Moroccan companies Somatref, Sicotrem, Galvaftl, and Sodefer, which allege that these imports are being dumped into the market at unfair prices. The product investigated, classified under HS code 7217.2099.00, is
Morocco : Ministry launches AD probe into galvanized wire imports from Egypt & UAE Read More »