Arab Steel Summit

Arab Steel Summit

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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 …

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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 …

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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. …

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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 …

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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. …

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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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Rebar prices in Egypt March 03, 2025

Rebar prices in Egypt this week ranged between EGP 32,500 – 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 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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Steel prices in the first week of March 2025

According to the prices announced in the global steel markets, scrap prices amounted to $364/ tonne, $4 up compared to last week’s prices. and iron ore prices $103/ tonne, $6 down compared to last week’s prices. While the prices of billets ranged between 435 – 465 Dollars per tonne, while it was between 432 – …

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New US tariffs increase pressure on China’s steel exports

New US tariffs on steel are expected to disrupt a massive supply chain, worth billions of dollars, that relied on rerouting Chinese steel to the United States via intermediary countries. This will increase competition in the global market and could undermine a key source of revenue for China’s struggling steel sector. Due to trade restrictions …

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Egypt : Ezz Steel maintains rebar prices for March 2025

Ezz Steel Company announced stability in prices starting from March 1, 2025 for the Sixth consecutive month at EGP 38,200 EXW, including value-added tax. Statement including VAT Rebar 38,200 EGP 1 USD = 50.70 EGP

Iron ore prices set to fall as trade tensions escalate

Iron ore futures fell, heading for a monthly loss, pressured by concerns over U.S. tariffs that are fueling trade tensions against Chinese steel exports. Iron ore futures for April delivery on the Singapore Exchange fell 1.45% to $102.85 a tonne, extending their monthly losses to more than 0.6% so far. The U.S. president confirmed in …

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Macron: EU to impose ‘reciprocal’ tariffs on steel, aluminium

French President Emmanuel Macron said the European Union would impose “reciprocal tariffs” on steel and aluminium and would decide later on other products if the United States imposed 25% tariffs on European products. The French president said during a joint press conference in Porto with Portuguese Prime Minister Luis Montenegro that if the US tariffs …

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EMSTEEL Announces Asset Enhancement Programme to Upgrade Production Capabilities and Expand Product Portfolio

EMSTEEL has announced the launch of its Asset Enhancement Programme – a strategic initiative with a CapEx of approximately AED 625 million, designed to enhance production capabilities and introduce advanced steel solutions to meet growing market demands. The programme directly aligns with the UAE’s Operation 300bn, aiming to upscale innovation in the UAE’s industrial sector …

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Saudi Iron and Steel Company – Hadeed cuts rebar prices for March deliveries

Saudi Iron and Steel Company (Hadeed) has lowered its long steel prices by SAR 50 (USD 13) per ton for March deliveries. The new pricing sets rebar (12-32 mm) at SAR 2,350 (USD 626) per ton, while wire rod (6.5-16 mm) is now priced at SAR 2,320 (USD 618) per ton. The company has set …

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TOSYALI SULB awards order to Midrex and SMS group for DRI complex

Libya intends to become a supplier of direct reduced iron (DRI) in the Mediterranean basin and beyond with the announcement of a DRI complex based on MIDREX Flex® technology to be built in the Benghazi region. TOSYALI SULB Steel Industries, which was formed by TOSYALI and Libya United Steel Company for Iron & Steel Industry …

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European ministers hold extraordinary meeting in Paris on Thursday to discuss steel production

French authorities announced on Monday evening that European industry ministers will hold an extraordinary meeting in Paris on Thursday to discuss ways to “ensure the continuity” of steel production in Europe after the United States imposed heavy tariffs on its steel imports. The European steel industry, which employs more than 300,000 people, is concerned after …

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Saudi Arabia: Watani Steel profits 9.9 million riyals by the end of 2024

The profits of the National Iron and Steel Company – Watani Steel , which works in the production and manufacture of iron blocks and reinforcing steel, rose to 9.9 million riyals by the end of 2024, compared to profits of 4.2 million riyals achieved in the same period in 2023. Item 2023 2024 Change Revenue …

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Emirates Steel keeps rebar prices unchanged for March

Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for March production will remain unchanged. The company’s price for rebar deliveries to Abu Dhabi is set at AED 2,660 (USD 724) per ton, while shipments to Dubai, Sharjah, and the Northern Emirates are priced at AED 2,668 (USD 726) per ton. …

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Rebar prices in Egypt February 24, 2025

Rebar prices in Egypt this week ranged between EGP 32,700 – 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 36,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 34,000, El Komy Steel EGP …

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Iron ore prices steady on expectations of shrinking Chinese demand

Iron ore prices turned steady on Monday, after falling on expectations of shrinking Chinese demand following Vietnam’s imposition of temporary anti-dumping duties on steel imports from Beijing, in addition to the new US administration implementing its protectionist agenda. March iron ore futures on the Singapore Exchange were steady at $108.40 per metric ton at 11:47 …

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Vietnam’s New Steel Tariffs on China Add to Market Pain

Vietnam is set to impose anti-dumping duties on steel from China, joining South Korea and other countries as they grapple with surging supplies from the world’s largest producer. The Southeast Asian nation will impose temporary duties on some types of hot-rolled steel coils starting in early March, the Ministry of Industry and Trade said in …

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Minister of Industry visits Arcosteel to discuss development plans and increase production

Lieutenant General Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, paid an inspection visit to Arcosteel factory in Sadat City, one of the most important factories for producing special steel bars and coils in Egypt and the Middle East.. to follow up on the progress of work and …

Minister of Industry visits Arcosteel to discuss development plans and increase production Read More »