Arab Steel Summit

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Vietnamese company Hoa Phat Group achieves record sales of Construction steel

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 […]

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OPEC+ Confirms Suspension of Oil Output Increase in Q1 2026

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

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Türkiye’s steel imports increased in January-November 2025

The Turkish Steel Producers’ Association (TCUD) reported that Turkey’s steel imports increased by 11.8% year on year in the January–November 2025 period to 17.39 million tonnes, with a total value of $12.06 billion. The rise was mainly driven by higher imports from Russia and China. Imports from Russia surged by 44% to around 4.1 million

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Oil Closes Lower After Its Biggest Annual Loss Since 2020

Oil prices fell on the first trading day of 2026 after posting their largest annual loss since 2020 last year, as investors weighed concerns over oversupply and geopolitical risks, including the war in Ukraine and Venezuela’s exports. Brent crude futures fell 10 cents to settle at $60.75 a barrel, while U.S. West Texas Intermediate crude

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

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

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

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

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India Imposes Duties on Steel Imports from China

India has decided to impose safeguard duties on certain steel imports at rates ranging between 11% and 12% for a period of three years, according to a decision issued by the Ministry of Finance. The move comes as part of the government’s efforts to curb the influx of low-priced imports, particularly those originating from China.

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

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

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

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

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Rebar Prices in Egypt – December 29, 2025

Rebar prices in Egypt ranged this week between EGP 30,300 and EGP 34,200 per ton. Major producers maintained stable prices with no change compared to last week, as the price of Ezz Steel remained at EGP 34,200 per ton, while Suez Steel stabilized at EGP 33,700. Beshay Steel and El Marakby Steel both held steady

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Iron ore prices in China rise by more than 2%

Iron ore futures prices climbed, supported by China’s pledge—the world’s largest iron ore consumer—to adopt more effective fiscal policies in 2026, boosting expectations for demand for the key raw material used in steelmaking. The most active iron ore contract for May 2026 delivery on the Dalian Commodity Exchange in China ended Monday’s trading up 2.6%,

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Danieli Strengthens Its Presence in India with Major Project for SAIL

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

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Egypt: EGP 25.34 million in sales by Iron and Steel for Mines in November

Iron and Steel for Mines and Quarries announced that it achieved total sales of EGP 25.34 million during the month of November. In a statement to the Egyptian Exchange, the company clarified that sales from the Bahariya Oasis mines recorded EGP 25.34 million during October. It is worth noting that Iron and Steel for Mines

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

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

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Steel Prices in the Fourth Week of December 2025

Global iron and steel markets witnessed a state of relative price stability during the fourth week of December 2025, with limited movements recorded for some products, according to data obtained by the Arab Iron and Steel Union. In the scrap market, prices of HS1&2 scrap (80:20 mix) imported from the United States to Turkey remained

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

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

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

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

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China Tightens Grip on Steel Output Through 2030 Amid Oversupply Pressures

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

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

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

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

News, steel Statistics / user

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

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ArcelorMittal restarts steel production at French plant production after fire incident

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

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Global Crude Steel Production Declines by 4.6% in November 2025

News, steel Statistics / user

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

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

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

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Emirates Steel Maintains Rebar Prices for January 2026

Emirates Steel, a subsidiary of the EMSTEEL Group, announced that it has maintained rebar prices for January 2026 production. The company kept the ex-works price of rebar unchanged at AED 2,648 (USD 721). The above prices do not include the 5% value-added tax (VAT). Emirates Steel is headquartered in Abu Dhabi, with an annual production

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Rebar Prices in Egypt – December 22, 2025

Rebar prices in Egypt ranged this week between EGP 30,600 and EGP 34,200 per ton. Major producers maintained stable prices with no change compared to last week, as the price of Ezz Steel remained at EGP 34,200 per ton, while Suez Steel stabilized at EGP 33,700. Beshay Steel and El Marakby Steel both held steady

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

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

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US Commerce Department Initially Imposes Anti-Dumping Duties on Algerian Rebar

The U.S. Department of Commerce announced on December 17, 2025 that it has reached a preliminary decision to impose antidumping duties on imports of steel concrete reinforcing bar (rebar) from Algeria, as part of its investigations into unfair trade practices. The Department set a preliminary dumping margin of 127.32% on Tosyali Iron and Steel Industry

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Steel prices in the third week of December 2025

Global steel markets recorded limited price fluctuations during the third week of December 2025, according to data obtained by the Arab Iron and Steel Union. Imported 2&HS1 steel scrap (80:20 mix) from the United States to Turkey remained stable at USD 369 per tonne CFR, with no week-on-week change.Meanwhile, the price of 62% iron ore

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India: Iron ore and pellet exports jump 27 percent month-on-month in November 2025

India’s iron ore and pellet exports rose sharply in November, climbing 27.2 percent month-on-month to 2.76 million metric tons (MT), supported by a rise in overseas buying interest. The volumes comprised 2.51 million MT of fines and lumps (up from 1.96 million MT) and 250,000 MT of pellets (210,000 MT last month). On a year-on-year

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Egypt: Customs extends export duty on stainless steel scrap for one year

The Egyptian Customs Authority, headed by Ahmed Amoui, has issued Tariff Circular No. 67 of 2025 regarding the implementation of the decision of the Minister of Investment and Foreign Trade No. 530 of 2025, which provides for the continuation of the export duty imposed on scrap and waste of stainless steel alloys, classified under customs

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