Hassan Allam Holding and Telal Real Estate have signed an agreement with the National Housing Company (NHC) to develop the first mixed-use project in the Khuzam district, north of Riyadh, during Cityscape Global 2025. The signing ceremony was attended by the Minister of Municipal and Rural Affairs and Housing, along with senior executives from the …
The UK government is preparing a package of retaliatory measures to counter the European Union’s proposed increases in tariffs on steel imports, should efforts to reach an agreement that mitigates their impact fail. According to sources cited by Bloomberg, London is considering escalating actions after domestic manufacturers warned that the EU’s plans could trigger the …
UK Mulls Options to Retaliate Against European Steel Tariffs Read More »
Rebar prices in Egypt saw notable changes during the third week of November, as producing companies announced their updated price lists, which came as follows: Ezz Steel set its price at EGP 34,200 per ton, marking a decrease of EGP 4,000 compared to last week, while Al-Suez Steel posted a price of EGP 33,700, down …
Australia’s Anti-Dumping Commission has announced the results of its review of the anti-dumping duties imposed on rebar imports from South Korea and Spain, which were scheduled to expire on November 19, 2025, according to SteelOrbis. The review was initiated following an application submitted by the local producer InfraBuild, and it covered the period from October …
Australia Continues to Impose AD Duties on Rebar Imports from South Korea and Spain Read More »
Turkey’s steel exports rose during the period from January to October 2025 to reach 16.04 million tons, an increase of 9.5% compared to the same period in 2024, according to data from the Steel Exporters Association. Rebar topped the sector’s export list with a total of 3.27 million tons, recording annual growth of 18.1%. Hot-rolled …
Turkey Exports More Than 16 Million Tons of Steel in January–October Read More »
Egypt’s iron and steel exports recorded a notable jump in September, rising by 42% to reach $190 million, compared to $134 million in September 2024, according to data from the Export Council for Building Materials, as reported by Al Arabiya. This growth coincided with a 16% increase in Egypt’s crude steel production during the same …
Record Surge in Egypt’s Iron and Steel Exports in September Read More »
The Arab Iron and Steel Union, in cooperation with Ezz Steel, has launched the second program in its series of specialized training courses, titled “Meltshop Concept and Philosophy” The program runs from 16 to 27 November 2025, with the participation of technical personnel from member companies, including Emsteel, Qatar Steel, FOULATH – Bahrain, Libyan Iron …
China’s economy experienced further slowdown in October, weighed down by weakening consumer demand and the ongoing real estate crisis, in addition to the impact of the long national holiday that affected industrial production. Data from the National Bureau of Statistics showed that fixed-asset investment — including the property sector — fell by 1.7% in the …
China’s Economy Slows in October Amid Weak Demand and Deepening Property Crisis Read More »
Ezz Steel has announced a reduction in rebar prices starting November 16, 2025, by EGP 4,000 per ton, bringing the new price down to EGP 34,200 ex-works, after more than a year of price stability. Statement including VAT Rebar 34,200 EGP Inclusive of value-added tax (VAT). 1 USD = 47.01 EGP
China recorded a significant decline in the production of pig iron, crude steel, and finished steel products in October, with output reaching 65.55 million mt, 72 million mt, and 118.64 million mt respectively. These decreases represent year-on-year drops of 7.9%, 12.1%, and 0.9%, in addition to month-on-month declines ranging between 0.76% and 4.5%, according to …
China’s crude steel output drops to lowest level in October at 72 million mt Read More »
The UK High Court has ruled that BHP is liable for the collapse of a tailings dam at an iron ore mine in Brazil in 2015, an incident that killed 19 people, destroyed entire villages, and polluted hundreds of kilometers of rivers. The ruling opens the door to compensation claims that could exceed $47 billion, …
UK Court: Australia’s BHP Found Liable for Brazil Mine Disaster Read More »
India has imposed a five-year antidumping (AD) duty on HRC imported from Vietnam, a government notification said on Thursday, November 14. The AD levy of $121.55/mt on imports of hot-rolled flat steel products from Vietnam for five years is aimed at protecting domestic manufacturers from cheap imports, the notification said. The imposition of the duty …
India imposes AD duty on HRC imports from Vietnam Read More »
The global steel market recorded mixed price movements during the third week of November 2025, with slight increases in some raw materials, stability in several finished products, and notable declines in others. These fluctuations come amid ongoing shifts in supply and demand across different regions. Prices of Turkish scrap (CFR) saw a slight increase of …
Ukraine’s steel exports saw a notable decline in the first ten months of 2025, falling by 9.9% to 3.68 million tons, according to data released by the Ukrainian Steel Association. Total steel production in the same period reached 5.38 million tons, compared to 5.26 million tons in the previous year, while the local market consumed …
Ukraine’s Steel Exports Drop by 9.9% in January – October 2025 Read More »
Turkey’s exports of HRC recorded a notable increase in September 2025, reaching 299,765 mt, up 14.1% compared to August and 32.6% year-on-year, according to preliminary data from the Turkish Statistical Institute (TUIK). The total export value for the month amounted to $167.48 million, marking an 18.5% rise from the previous month and a 13.5% increase …
Turkey’s HRC Exports Rise 24.7% in January–September 2025 Read More »
Guinea has officially started exporting iron ore from the Simandou Project, which hosts the world’s largest iron ore reserve, marking a major milestone in the country’s economic development. During the export inauguration ceremony, Diba Diakité, Chief of Staff at the Presidency of Guinea, stated: “Simandou should be to us what oil was to the Gulf …
Guinea begins exporting iron ore from the world’s largest deposit Read More »
El Marakby Steel (MKM) has commissioned Danieli Centro Combustion India to supply a new 60-ton-per-hour (tph) Pusher reheating furnace for its rolling mill in the 6th of October Industrial Zone in Egypt. The new furnace aims to enhance thermal performance and improve billet temperature consistency, thereby enhancing the rolling mill’s performance. It will incorporate patented …
Egypt: El Marakby Steel and Danieli Sign Agreement for High-Efficiency Reheating Furnace Read More »
Emsteel Group announced strong financial and operational results for the first nine months of 2025, as the company continued to strengthen its position as one of the largest steel and building materials producers in the region. This performance was driven by robust domestic demand in the UAE and the Group’s efficiency in capitalizing on emerging …
Emsteel Reports Strong Performance in the First Nine Months of 2025 Read More »
Egyptian Steel is preparing to implement an ambitious investment plan worth nearly EGP 2 billion over the next 18 months, starting at the beginning of next year, according to Abdel Fattah Siam, General Manager of the company’s Alexandria plant, in statements to Al Arabiya Business on the sidelines of the Trans MEA exhibition. Siam explained …
Rebar prices in the Egyptian local market witnessed relative stability during today’s trading, as most companies maintained their previous price levels with no significant changes, while some companies recorded slight declines. Ezz Steel’s price stood at around EGP 38,200 per ton, while Al-Suez Steel and Egyptian Steel remained stable at EGP 35,000 and EGP 38,100 per …
India became a net exporter of finished steel in October, with exports reaching 0.6 million tons, an increase of 44.7% compared to the same period last year, according to preliminary government data reviewed by Reuters. India, the world’s second-largest producer of crude steel, imported 0.5 million tons of finished steel products in October — a …
India Becomes a Net Exporter of Steel in October Read More »
Al Buraimi Industrial City, affiliated with the Public Establishment for Industrial Estates “Madayn”, has signed an investment contract with Sohar steel and Billet Company to establish an integrated industrial project for the production of steel, as well as the manufacturing of aluminum and non-ferrous metal sheets and profiles. The project will be built on an …
Chinese steelmakers continue to flood global markets with record export volumes, driven by strong demand from Southeast Asia and expanding new markets in the Middle East, despite escalating global protectionism. Saudi Arabia has emerged as a key new destination in 2025, with imports of Chinese steel rising 41% during the first nine months of the …
China’s Steel Exports Shift Toward the Middle East Amid Rising Trade Restrictions Read More »
In September 2025, Turkey exported approximately 91,299 tons of wire rods, marking an increase of 112.2% compared to August, but a decline of 23.7% year-on-year. The export value for the same month reached $50.77 million, up 108.1% from the previous month, yet down 29.1% compared to the same period last year. During the first nine …
Turkey’s exports of wire rods fell by 2.8% in January – September 2025 Read More »
Emsteel Group, in collaboration with e& UAE, has launched the world’s first private advanced 5G network in the manufacturing sector — a major step toward enhancing digital transformation, operational efficiency, safety, and sustainability across its industrial facilities. This initiative supports the UAE’s national strategy for industry and advanced technology, “Operation 300bn,” which aims to develop …
Emsteel and e& Launch the First Private Advanced 5G Network in the Manufacturing Sector Read More »
Global steel markets showed mixed price movements during the second week of November 2025, with some products recording increases while others declined. Turkish scrap (mix 80:20) rose by $4 for the second consecutive week to $355 per ton CFR, supported by stronger demand from Turkish mills. In contrast, iron ore (62%) imported from Australia fell …
Steel prices in the second week of November 2025 Read More »
Global steel and mining giant ArcelorMittal recorded a net profit of $2.97 billion in the first nine months of 2025, marking a 72.1% increase compared to the same period in 2024, according to the company’s latest financial report. Despite the rise in profit, the company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) declined by …
ArcelorMittal Reports $2.97 Billion Net Profit for January–September 2025 Read More »
According to data from the China Iron and Steel Association (CISA) citing the Customs Service, China’s steel exports grew by 6.6% year-on-year in the first ten months of 2025, reaching 97.74 million tons. In October alone, Chinese steel producers exported 9.78 million tons, marking a 6.5% decline from September. The average export price stood at …
China’s Steel Exports Rise 6.6% in January–October 2025 Read More »
German Chancellor Friedrich Merz on Thursday voiced his country’s support for European Union proposals to raise tariffs on imported steel, as the bloc struggles with an influx of cheap imports, particularly from China. Following meetings with senior figures in the steel industry in Berlin, Merz said: “These proposals are a step in the right direction.” …
German Chancellor Backs EU Plan to Protect Steel Industry from Chinese Imports Read More »
Japan’s major trading companies are facing a prolonged slump in iron ore and coking coal prices, as surging Chinese steel exports flood Asian and global markets, weighing on profits for at least the next six months. Executives at Mitsubishi Corp. and Itochu Corp. said the oversupply is likely to persist through the end of the …
Japanese Trading Houses Brace for Struggles Amid China’s Steel Glut Read More »