Arab Steel Summit

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EU sets AD duties on HRC imported from Egypt, India, Japan and Vietnam

The European Commission has released the results of its preliminary investigation into certain HRC imported from Egypt, India, Japan, and Vietnam. As a result of this investigation, the EU will impose anti-dumping duties on imports from these countries. The leaked preliminary report of the Commission’s anti-dumping investigation proposes provisional duty rates on imports from Egypt

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Turkey’s wire rod exports down 21.9% in January 2025

In January this year, Turkey’s wire rod exports amounted to 55,128 metric tons, down by 21.9% year on year and by 56.7% month on month, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $32.03 million, decreasing by 26.2% year on year and 57.2%

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South Korea Tightens Control on Steel Imports in Response to US Tariffs

South Korea plans to strengthen controls on metal imports to protect its producers from potential dumping in the domestic market, after US President Donald Trump moved forward with 25% tariffs on steel and aluminum imports from around the world. South Korea, a major metals producer in Asia, refrained from taking any immediate retaliatory steps after

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US Steel CEOs Oppose Tariff exemptions

The CEOs of the three largest American steelmakers are urging US President Donald Trump to resist giving any tariff exemptions on steel imports. Nine US steel industry executives sent a letter to Trump on March 7, just days before the US is expected to implement a 25% tariff on all steel imports. The letter said

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Danieli and newcleo to explore nuclear-powered green steel production

Danieli, a supplier of iron and steel making plants, and newcleo SA, a nuclear energy provider, have signed a Memorandum of Understanding to explore nuclear-powered green steel production. The agreement will study the feasibility of integrating newcleo’s Lead-cooled Fast Reactors (LFR) with Danieli’s steelmaking technology. The companies hope to leverage the capability of LFRs to

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Japan warns of Trump tariffs’ impact on US relationship

Japan expressed “regret” over not being exempted from US President Donald Trump’s steel and aluminum tariffs, which took effect today. Japanese Chief Cabinet Secretary Yoshimasa Hayashi said on Wednesday that “the failure to exempt Japan from the additional tariffs is regrettable.” He warned that the move “threatens to have a significant impact on the economic

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China vows to respond to US steel tariffs

China announced on Wednesday that it will take “all necessary measures” to protect its interests in response to the US’s 25% tariffs on steel and aluminum imports. “The US measures seriously violate World Trade Organization rules and seriously undermine the rules-based multilateral trading system,” Chinese Foreign Ministry spokeswoman Mao Ning said when asked about the

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Australian Prime Minister: US tariffs on Australian steel are “completely unjustified”

Australian Prime Minister Anthony Albanese said Wednesday, after failing to secure an exemption from the US tariffs on his country’s steel and aluminum exports, that the tariffs, which just took effect, are “completely unjustified.” After the White House dashed Australia’s hopes that its steel and aluminum exports to the United States would receive an exemption

Australian Prime Minister: US tariffs on Australian steel are “completely unjustified” Read More »

US steel and aluminum tariffs take effect, Europe responds

US President Donald Trump’s 25% tariffs on steel and aluminum imports took effect on Wednesday, prompting retaliation from the European Union. The White House confirmed the tariffs, which will affect Canada, Australia, the European Union, and other countries, late Tuesday, but Trump clarified that he no longer plans to raise tariffs on metals imported from

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US Doubles Steel and Aluminum Tariffs on Canada to 50%

US President Donald Trump has doubled his planned tariffs on all Canadian steel and aluminum imports to 50%, in retaliation for Ontario’s 25% tariff on electricity exports to the United States. Trump said in a post on Truth Social that he had instructed his Commerce Secretary to impose an additional 25% tariff on the products,

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Rebar prices in Egypt March 11, 2025

Rebar prices in Egypt this week ranged between EGP 32,000 – 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 33,500, El Komy Steel EGP

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Al Arjani Group Acquires 26.25% of Ataqa Steel

ODI, a subsidiary of Al Arjani Group, signed a memorandum of understanding with Al Wahda Industrial Development Company, a subsidiary of El Garhy Group. According to a statement today, ODI will acquire 26.25% of Misr National Steel (Ataka) after completing due diligence and obtaining approval from regulatory authorities and the Egyptian Competition Authority. Misr National

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ArcelorMittal temporarily halts production at its largest plant in France

ArcelorMittal, the world’s second-largest steelmaker, has announced a maintenance program worth more than €270 million, which includes temporarily halting production at its main plants in Dunkirk and Fos-sur-Mer in France for several months. According to a company statement, operations at the main blast furnace in Dunkirk are scheduled to be suspended for 90 days starting

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Trump’s withdrawal from the Paris Climate Agreement: Why the insistence and what are the goals?

In a move that sparked widespread controversy on the international scene, US President Donald Trump signed an executive order on January 20, 2025, ordering the United States to withdraw from the Paris Climate Agreement. This is not the first time the United States has withdrawn from the agreement, as it previously withdrew during Trump’s first

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Report: China’s HRC see increased domestic demand, lower exports

News, Public Reports / user

China’s hot-rolled coil (HRC) market is expected to find some balance in March, supported by recovering domestic demand and proactive production cuts, despite headwinds from a worsening trade environment globally caused by rising steel protectionism, Mysteel’s latest monthly report suggests. For March, China’s spot price of Q235B 4.75mm HRC in Shanghai under Mysteel’s assessment will

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Steel prices in India see decline on US tariffs

With the implementation of US tariffs on Indian steel imports, domestic steel prices in India are witnessing a correction of about INR 3,000 /tonne ($34.45 /t) due to the potential redirection of excess supply to India. US reciprocal tariffs, including on India, will come into effect from 2 April. These will disrupt export markets and

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Mexico moves to resolve steel and aluminum crisis with the United States

Mexican Economy Minister Marcelo Ebrard confirmed during press statements on Friday that his country seeks to reach a new agreement with the United States regarding the steel and aluminum sectors, noting the importance of enhancing trade cooperation between the two countries to resolve outstanding issues in this area. Ebrard explained that meetings will be held

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Brazil begins talks with Trump administration over steel tariffs

Brazil, the second-largest steel exporter to the United States, said it has begun talks with the administration of US President Donald Trump in response to the steel tariff hikes set to take effect on March 12. Trade relations between Brazil and Washington are tense as the US president plans to impose a 25% tariff on

Brazil begins talks with Trump administration over steel tariffs Read More »

Steel prices in the second week of March 2025

According to the prices announced in the global steel markets, scrap prices amounted to $372/ tonne, $8 up compared to last week’s prices. and iron ore prices $100/ tonne, $3 down compared to last week’s prices. While the prices of billets ranged between 435 – 465 Dollars per tonne, while it was between 435 –

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Rebar prices in Saudi Arabia during March 2025

It is expected that the demand in the Kingdom of Saudi Arabia will witness a decline in demand for rebar due to the slowdown in construction activities in general with the reduction of working hours. The average price level of rebar in Saudi Arabia decreased by 30-50 riyals per ton ($8-13 per ton) compared to

Rebar prices in Saudi Arabia during March 2025 Read More »

Australia reduced coking coal exports by 26.5% in February 2025

In February, Australia reduced coking coal exports by 26.5% year-on-year – to 8.99 million tons. This figure fell by 20.4% compared to the previous month, BigMint reports. Australian exports of coking coal to China in February decreased by 52% m/m – to 0.48 million tons, to India – by 45% m/m, to 1.63 million tons.

Australia reduced coking coal exports by 26.5% in February 2025 Read More »

Rio Tinto invests $1.8 billion to expand iron ore production in Australia

The British-Australian mining concern Rio Tinto is investing $1.8 billion in the development of the Brockman Syncline1 (BS1) project, located near the operating Brockman 4 mine in Western Australia. This is stated in the company’s announcement. The project has now received all the necessary permits from the state and federal governments and was developed in

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Baosteel modernizes hot strip mill at Shanghai plant in cooperation with SMS Group

China’s Baoshan Iron & Steel Co., Ltd. (Baosteel) has issued the final acceptance certificate (FAC) to SMS group for the installation of a coilbox in its 1880 mm hot strip mill, marking the near-completion of the project. As a key subsidiary of China Baowu Steel Group, Baosteel is one of the world’s leading steel producers,

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Moroccan Steel Company’s revenues grow by 16% in 2024 on strong domestic sales

Maghreb Steel, Morocco’s leading flat steel producer, reported a nearly 16% YoY increase in revenue for 2024, driven by strong domestic sales. The company’s revenue rose to MHD 5.42 bln (USD 546 mln), up from MHD 4.68 bln in 2023. In the fourth quarter alone, revenue grew 34% YoY to MHD 1.56 bln (USD 157

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Rebar prices in Jordan decline during March 2025

Demand in the rebar sector in Jordan continues to decline due to local and global challenges and the traditional weakness in business activity during the month of Ramadan. Jordanian producers are offering rebar to local customers at JOD 466-473/tonne ($659-667/tonne) ex-factory with a 16% sales tax, down by $6-7/tonne compared to last week. Ex-tax prices

Rebar prices in Jordan decline during March 2025 Read More »

Two, new Danieli Zerobucket EAFs for Donghua Steel EAF project

A groundbreaking ceremony took place for the electric-arc furnace project of Donghua Iron & Steel, for the installation of two, new Danieli Zerobucket EAFs in Tangshan, Hebei province. Danieli Zerobucket technology is characterized by continuous and flexible charging of metallics (scrap, DRI, HBI and hot metal), and quick tap-to-tap times. Specifically, the two new Zerobucket

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China announces plans to cut steel production

China plans to restructure its steel industry by cutting production in the sector. This was announced by the National Development and Reform Commission (NDRC) at the National People’s Congress in Beijing, Bloomberg reports. At the same time, the authorities did not give specifics on the possible scope of cuts in this sector. The market assumed

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Tosyali Algeria exports 30 thousand tons of plates to Italy

Tosyali Algeria, located in Batioua in the state of Oran, announced the export of 30 thousand tons of steel plates to Italy, according to the company’s Director of Foreign Trade, Ezzi Ramzi. According to the statement of the company’s Director of Foreign Trade, Ezzi Ramzi, to the Algerian News Agency, “The shipping operation started last

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Elmarakby Steel plans to invest in renewable energy and increase exports

Hassan El Marakby, CEO of Elmarakby Steel, one of Egypt’s leading steel product manufacturers and suppliers, has shared some of the company’s future plans. Accordingly, Mr. El Marakby stated that the company plans to increase its rebar exports to 140,000 mt this year, with its 2024 rebar exports amounting to 120,000 mt worth $80 million.

Elmarakby Steel plans to invest in renewable energy and increase exports Read More »

Japan’s steel exports down 4.2% in January 2025

In January this year, Japan’s iron and steel product exports amounted to 2.49 million metric tons, decreasing by 11.8% month on month and by 4.2% year on year, according to the customs statistics released by the Japan Iron and Steel Federation (JISF). Regarding Japan’s major iron and steel product export markets, in January the country’s

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