Maghreb Steel posted a strong performance in the third quarter and the first nine months of 2025, driven by higher sales in the domestic market, which positively impacted revenues and sales volumes. The company, the sole producer of flat steel in Morocco, announced that its revenues for the period from January to September 2025 increased …
Maghreb Steel revenues rise 15% to MAD 4.42 billion over nine months Read More »
China’s Ministry of Commerce has announced that it will implement a steel export licensing system in an effort to control the record volumes of metal shipments flowing out of the country. The ministry said in a statement that exporters will be required to obtain a permit to ship a range of steel products starting January …
Primetals Technologies and the Steel Authority of India Ltd. (SAIL) Bokaro Steel Plant have partnered to engineer a hydrogen gas injection system for a blast furnace at the facility in Bokaro Steel City, Jharkhand. The project focuses on integrating hydrogen gas injection technology at the blast furnace tuyere level. Primetals Technologies said it will engineer …
Primetals Technologies Partners With SAIL Bokaro to Advance Green Steelmaking Read More »
South Korean Trade Minister Yeo Han-koo expressed concerns over the Canadian government’s plan to strengthen protective measures for its steel industry, which could negatively affect South Korea’s steel product exports, according to officials. During an online meeting with Canadian Trade Minister Mary Ng, Yeo conveyed his “deep concern” regarding Canada’s decision to implement the new …
South Korea’s Trade Minister Voices Concern Over Canada’s Steel Protection Plan Read More »
China Mineral Resources Group, the state-backed trading arm, has warned that iron ore prices are drifting away from real market fundamentals as intensified speculative activity pushes prices higher at a pace that does not reflect actual supply and demand conditions. In a report issued by its research unit — published on the WeChat account of …
Chinese Iron Ore Trade: Prices Climb Unjustifiably Due to Speculation Read More »
According to statistics from the General Administration of Customs of China, China’s steel exports reached 9.98 million tons in November, a 2.0% increase from the previous month. The cumulative exports from January to November amounted to about 107.7 million tons, up by 6.7% year on year. In terms of raw materials, imports of iron ore …
China’s steel exports near 10 million tons in November Read More »
Qatar Steel has signed a cooperation agreement with Qatar Primary Materials Company (QPMC) to recycle iron and steel recovered from construction and demolition waste at the Rawdat Rashed site. The partnership supports Qatar’s push toward a circular economy by converting reclaimed metals into reusable industrial inputs. Under the agreement, QPMC will extract and sort steel …
Qatar Steel and QPMC sign pact to boost steel recycling from demolition waste Read More »
Iron ore futures prices fell during Tuesday’s trading, following the shipment of the first batch of production from the Simandou project in Guinea, which strengthened expectations of increased supply at a time when demand in China—the world’s largest consumer—is expected to weaken. The most actively traded iron ore contract for May 2026 delivery on the …
Iron Ore Prices Decline Amid Growing Expectations of Ample Supply Read More »
Turkey’s imports of billet reached 398,715 tons in October, marking an increase of 15.5% compared to September, but a decline of 36.6% year-on-year, according to preliminary data from the Turkish Statistical Institute (TUIK). During the same month, the total value of these imports amounted to USD 195.90 million, up by 13.0% from the previous month …
Turkey’s Billet Imports Rise by 31.1% in January–October 2025 Read More »
Rebar prices in Egypt ranged this week between EGP 31,200 and EGP 34,200 per ton. Major producers kept their prices unchanged compared to the previous week, with Ezz Steel maintaining its price at EGP 34,200 per ton, while Suez Steel remained at EGP 33,700, Beshay Steel at EGP 34,000, and El Marakby Steel at EGP …
The Saudi Iron and Steel Company (Hadeed) has announced an increase in rebar prices (12–32 mm) for the month of December by SAR 40 (USD 10), bringing the new price to SAR 2,120 (USD 565) per ton. Wire rod prices (6.5–16 mm) have also risen by SAR 25 (USD 6), reaching SAR 2,270 (USD 605) …
Saudi Iron and Steel Company (Hadeed) Announces Price Increase for December Rebar Read More »
The head of the World Steel Association has stated that addressing China’s chronic overcapacity problem will not be achieved quickly, given the deep links between the steel industry and the broader Chinese economy. Edwin Basson, Director General of the association, told Bloomberg that “shutting down just one steel plant can have far-reaching effects on the …
World Steel Association : No Quick Fix for China’s Excess Production Read More »
The steel industry in the United Arab Emirates continues to record sustainable growth in 2025, supported by strong demand from the construction sector, as well as from manufacturing activities and major projects in housing and infrastructure. Industrial data shows that the country’s crude steel production reached 3.25 million tons in 2024, while the output of …
Infrastructure and Real Estate Drive Steel Demand in UAE Read More »
Europe’s steel sector, which has struggled through weak demand, high energy costs and a surge of low-priced imports, is expected to move into a more stable phase by 2026. According to analysts, a combination of proposed EU trade measures and gradual price improvement is likely to lift utilisation rates and support earnings across major European …
European Steel Industry Poised for Recovery in 2026 Read More »
Reducing emissions from Japan’s steel industry is a central pillar of the country’s strategy to achieve carbon neutrality by 2050. The sector alone accounts for around 13% of national emissions due to its heavy reliance on coal for smelting and reduction processes. As global competition intensifies, cutting emissions has become a key benchmark for preserving …
Emsteel Group, one of the region’s largest publicly listed producers of steel and construction materials, has announced its key contribution to the development of the Zayed National Museum located in the Cultural District on Saadiyat Island. The museum was inaugurated by His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, may God …
Brazilian mining giant Vale, one of the world’s leading iron ore suppliers, has lowered its production outlook for 2026 amid weakening global demand and the arrival of new supply from Africa. The company stated, ahead of its Investor Day event in London, that it now targets production of 335–345 million tonnes of iron ore in …
Vale Cuts 2026 Iron Ore Production Forecast Amid Global Demand Slowdown Read More »
Rebar prices in Egypt ranged this week between EGP 31,500 and EGP 34,200 per ton. Major producers maintained stable prices compared to the previous week, with Ezz Steel holding at EGP 34,200 per ton, while Suez Steel remained at EGP 33,700, Beshay Steel at EGP 34,000, and El Marakby Steel at EGP 34,000. Egyptian Steel …
ArcelorMittal continues to call for the urgent introduction of the new tariff quota announced by the European Commission in October 2025. The proposal is a crucial measure that is vital for the survival of the steel industry in Europe, and the long-term security of the manufacturing sector. Steel imports into the EU continue at record …
The steel sector in the Arab region recorded a steady and balanced performance during October 2025 across the Gulf, North Africa, and the Eastern Mediterranean. Most Arab countries achieved notable growth in production, supported by continued industrial expansion and rising local and regional demand for steel products.Aggregated data for the period from January to October …
Report : Crude Steel Production in Arab Countries for January – October 2025 Read More »
World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 143.3 million tonnes (Mt) in October 2025, a 5.9% decrease compared to October 2024. Africa produced 2.0 Mt in October 2025, up 0.8% on October 2024. Asia and Oceania produced 102.4 Mt, down 8.2%. The EU (27) produced 10.8 …
Global Crude Steel Production Declines by 5.9% in October2025 Read More »
The Board of Directors of the Chamber of Metal Industries at the Afro-Asian General Union of Investors held its first meeting on the sidelines of the Middle East Iron and Steel Conference in Dubai. The meeting addressed the major transformations taking place in the global iron and steel industry, particularly shifts in trade flows, the …
Afro-Asian Investors Union’s Chamber of Metal Industries Holds Its First Meeting Read More »
Global steel markets recorded mixed price movements during the fourth week of November 2025, with increases in some products, declines in others, and stability in several categories, according to data obtained by the Arab Iron and Steel Union. Prices for imported 80:20 scrap to Turkey continued their upward trend, rising by one dollar to reach …
Steel prices in the fourth week of November 2025 Read More »
Saudi Minister of Municipal, Rural Affairs and Housing and Chairman of the Real Estate General Authority, Majid Al-Hogail, said that the results achieved at the Cityscape Expo reflect the strength of Saudi Arabia’s real estate sector and the development of its investment environment, noting that more than SAR 237 billion in real estate deals were …
Saudi Arabia: Over SAR 237 Billion in Real Estate Deals at Cityscape Expo Read More »
Harsha Shetty, CEO of Jindal Steel Oman, affirmed that the Middle East continues to witness exceptionally strong demand for steel products throughout this year and the next, noting that industry players in the region are currently operating in “the right place at the right time.” Shetty revealed an ambitious plan to establish a new steel …
Jindal Steel Oman to Erem Business: Steel demand in the Middle East remains very strong Read More »
Leading Chinese steel producer Hebei Jinxi Iron and Steel Group has placed an order with Primetals Technologies for two continuous slab casters, each with a capacity of 2.5 million tons per year. The order also includes an extensive digitalization package with Level 1 and Level 2 automation systems, ensuring state-of-the-art process control and optimization. The …
A broad intersectoral coordination meeting was held on Wednesday at the headquarters of the Ministry of Petroleum and Mines in Algeria to discuss the measures required to launch the development of the Gara Djebilet iron ore mine, along with the Béchar–Tindouf mining railway line designated for transporting passengers, goods, and mineral materials. The meeting was …
Informed sources said that European Union officials are increasingly concerned about U.S. plans to broaden the list of EU products subject to high tariffs on steel and aluminum imports—an action that could undermine the spirit of the trade agreement the two sides signed earlier this summer. According to Bloomberg, EU Trade Commissioner Maroš Šefčovič and …
EU Warns the United States Against Expanding Steel Tariffs Read More »
El Marakby Steel Group has announced plans to inject new investments estimated at $23 million over the coming year, aiming to develop higher value-added finished products and deepen local manufacturing within its facilities. The announcement was made by Hassan El-Marakby, the company’s CEO and Managing Director, in an interview with Eram Business on the sidelines …
El Marakby Steel invests $23 million in new expansion projects Read More »
Ayman El Ashry, Chairman of Ashry Steel, affirmed during his participation in the Middle East Iron & Steel Conference that this event serves as an important platform to enhance the presence of the Egyptian steel industry in global markets. He noted that local products possess the capability and quality to compete with major international manufacturers, …