• Saturday 10 October 2026
Youtube Linkedin Facebook
Arab Steel Summit
Search

user

Oil prices fall more than 1% at settlement after Trump’s comments on Venezuela

News /

Oil prices fell at settlement on Tuesday for the second consecutive session after U.S. President Donald Trump said the United States had reached an agreement to import USD 2 billion worth of crude oil from Venezuela, a move that could increase supplies to the world’s largest oil consumer. Brent crude futures declined by 74 cents,

Oil prices fall more than 1% at settlement after Trump’s comments on Venezuela Read More »

El-Marakby Steel Launches a New Plant to Localize Production Inputs

News /

El-Marakby Steel plans to invest EGP 1 billion (approximately USD 21.15 million) to expand its product portfolio, according to local media reports. Chairman Hassan El-Marakby stated that the investment will be directed toward establishing a new plant in the industrial zone of New October City to produce cold-drawn wire rod, a key production input that

El-Marakby Steel Launches a New Plant to Localize Production Inputs Read More »

Vietnamese company Hoa Phat Group achieves record sales of Construction steel

News /

In December 2025, Hoa Phat Group recorded sales of 585,000 tons of construction steel and high-quality steel coils, a 52% increase compared to the same period in 2024. Of this, high-quality steel coils used in the production of automobile tire treads, welding rod cores, prestressed cables, and mechanical engineering contributed approximately 60,000 tons. All branches

Vietnamese company Hoa Phat Group achieves record sales of Construction steel Read More »

OPEC+ Confirms Suspension of Oil Output Increase in Q1 2026

News /

OPEC+ countries have confirmed the suspension of the planned increase in oil production during the first quarter of 2026, reaffirming their commitment to supporting market stability amid expectations of a stable global economic outlook and strong market fundamentals, according to a statement issued by OPEC today. The OPEC+ meeting came a day after the arrest

OPEC+ Confirms Suspension of Oil Output Increase in Q1 2026 Read More »

Oman Strengthens Its Partnership with China’s Tsingshan to Localize Green Steel Industries

News /

His Excellency Dr. Saleh bin Saeed Masan, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, conducted an extensive field visit to the industrial complexes of Tsingshan Group in the People’s Republic of China. The visit comes within the framework of translating the objectives of the Industrial Strategy 2040, which

Oman Strengthens Its Partnership with China’s Tsingshan to Localize Green Steel Industries Read More »

Russia Extends Scrap Metal Export Quotas Until 2026, Raising the Limit to 2.2 Million Tons

News /

The Russian government has announced a decision to impose export quotas subject to customs duties on shipments of iron scrap and mixed ferrous metals to countries outside the Eurasian Economic Union (EAEU), effective from January 1, 2026, until December 31 of the same year. The move aims to provide industrial companies with the opportunity to

Russia Extends Scrap Metal Export Quotas Until 2026, Raising the Limit to 2.2 Million Tons Read More »

Hadeed raises rebar prices for January and keeps wire rod prices unchanged

News /

Saudi Iron and Steel Company (Hadeed) announced an increase in rebar prices for January sales, while maintaining wire rod prices at their current levels. According to the company, rebar prices for sizes 12–32 mm were raised by SAR 70 per ton, reaching SAR 2,190 per ton.Meanwhile, wire rod prices for sizes 6.5–16 mm remained stable

Hadeed raises rebar prices for January and keeps wire rod prices unchanged Read More »

Canada Maintains AD Duties on Rebar Imports from China, South Korea, and Turkey

News /

The Canada Border Services Agency (CBSA) has completed the expiry review of the anti-dumping duties imposed on rebar imports from China, South Korea, and Turkey, as well as the expiry review of the countervailing duties on the same product imported from China. The agency concluded that the expiry of these orders is likely to result

Canada Maintains AD Duties on Rebar Imports from China, South Korea, and Turkey Read More »

Danieli Strengthens Its Presence in India with Major Project for SAIL

News /

Steel Authority of India Limited (SAIL), the largest public-sector steel producer in India, has awarded contracts to Danieli to supply advanced technologies for the expansion of the IISCO Steel Plant in Burnpur, West Bengal. The announcement was made during the Italy-India Business Forum in Mumbai, in the presence of H.E. Piyush Goyal, Minister of Commerce

Danieli Strengthens Its Presence in India with Major Project for SAIL Read More »

China’s High-Speed Rail Network Exceeds 50,000 Kilometers

News /

The length of China’s high-speed railway network has surpassed 50,000 kilometers of operational lines following the opening of a new route. State broadcaster CCTV explained that the new line connects Xi’an and Yan’an, both located in Shaanxi Province in northern China. China State Railway Group said in a statement on Friday that the country’s railway

China’s High-Speed Rail Network Exceeds 50,000 Kilometers Read More »

Japan’s Steel Exports Down 3.8% In January–November 2025

News /

Customs data released by the Japan Iron and Steel Federation (JISF) showed that Japan’s exports of iron and steel products totaled about 2.40 million mt in November 2025, declining by 5.7% compared to October and by 3.6% year on year. During the January–November 2025 period, Japan’s exports of iron and steel products reached approximately 27.80

Japan’s Steel Exports Down 3.8% In January–November 2025 Read More »

Emsteel Cooperates with Emirates Nuclear Energy Corporation to Reduce Carbon Emissions in Steel Production

News /

Emsteel Group, one of the largest listed producers of steel and building materials in the region, is collaborating with the Emirates Nuclear Energy Corporation (ENEC) to reduce carbon emissions in steel production by using electricity generated from nuclear energy. This electricity is certified under Abu Dhabi’s Clean Energy Certificates Program (I-REC standard), which is supervised

Emsteel Cooperates with Emirates Nuclear Energy Corporation to Reduce Carbon Emissions in Steel Production Read More »

China Tightens Grip on Steel Output Through 2030 Amid Oversupply Pressures

News /

China said on Friday it will continue to regulate crude steel production and prevent the illegal addition of new production capacity during the 2026–2030 period, in a move aimed at addressing market imbalances and controlling supply. China, the world’s largest producer and consumer of steel, halted growth in crude steel output in 2021 as part

China Tightens Grip on Steel Output Through 2030 Amid Oversupply Pressures Read More »

Ukraine’s Scrap Exports Rise by 45% In January–November 2025

News /

Ukraine’s ferrous scrap sector recorded notable growth in exports during the period from January to November 2025, with exports of iron and steel scrap increasing by 45.3% compared to the same period in 2024, reaching approximately 380.16 thousand tons. This volume has already exceeded last year’s total shipments by more than 86 thousand tons, according

Ukraine’s Scrap Exports Rise by 45% In January–November 2025 Read More »

Crude steel production report in Arab countries during January – November 2025

News, steel Statistics /

The steel sector in the Arab region witnessed notable positive developments during the period from January to November 2025, reflected in higher production levels and improved overall performance in several Arab countries. This progress was supported by the continued implementation of major development projects and increased demand for steel products, particularly in infrastructure and construction

Crude steel production report in Arab countries during January – November 2025 Read More »

ArcelorMittal restarts steel production at French plant production after fire incident

News /

ArcelorMittal has restarted steel production at its Fos-sur-Mer site in southern France following a fire that disrupted operations in early October. The site produced its first slab in mid-December after the restart of blast furnace No. 2, marking the resumption of steelmaking activities. The initial slab, produced for a Greek customer, measured 6 meters in

ArcelorMittal restarts steel production at French plant production after fire incident Read More »

Global Crude Steel Production Declines by 4.6% in November 2025

News, steel Statistics /

World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 140.1 million tonnes (Mt) in November 2025, a 4.6% decrease compared to November 2024. Africa produced 2.0 Mt in November 2025, up 7.4% on November 2024. Asia and Oceania produced 99.9 Mt, down 7.1%. The EU (27) produced 10.2

Global Crude Steel Production Declines by 4.6% in November 2025 Read More »

Alaa Abu El-Kheir Elected Chairman of the Chamber of Metallurgical Industries

News /

The elections of the Board of Directors of the Metallurgical Industries Chamber at the Federation of Egyptian Industries resulted in the election of Alaa Abu El-Kheir as Chairman of the Chamber for the new term (2025–2029). The election results also saw Raafat Qotb and Hassan El-Marakby elected as Vice Chairmen of the Board, while the

Alaa Abu El-Kheir Elected Chairman of the Chamber of Metallurgical Industries Read More »

Xuân Thiện Group Partners with Primetals Technologies to Establish Two Green Steel Production Lines in Vietnam

News /

Xuân Thiện Group, one of Vietnam’s leading industrial groups, has signed a strategic investment and cooperation agreement with Primetals Technologies in Ninh Bình province, marking a significant step toward positioning Vietnam as a regional hub for high-quality steel production. Heavy Plate Production Line Primetals Technologies will act as the project’s technology partner, supplying advanced technological

Xuân Thiện Group Partners with Primetals Technologies to Establish Two Green Steel Production Lines in Vietnam Read More »

Search
Whatsapp Instagram Youtube Twitter Facebook