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
Rebar Prices in Egypt – November 11, 2025 Read More »
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 »
Iron ore continued its decline for the sixth consecutive day, marking its longest daily losing streak since August, as China’s steel industry enters a seasonal slowdown and optimism fades over the U.S.-China trade truce. The key steel-making metal fell to $102.65 per ton, down more than 4% since last Wednesday’s close, ahead of the meeting
Iron Ore Drops for Sixth Consecutive Day, Longest Losing Streak Since August Read More »
Foulath Holding, the parent company of Bahrain Steel and SULB, has announced the signing of a partnership agreement with Yellow Door Energy to develop a 123-megawatt solar power project in the Kingdom of Bahrain — one of the largest industrial-scale solar energy projects in the world. The project will be implemented under a Power Purchase
Foulath Holding Signs Agreement for the World’s Largest Rooftop Solar Project Read More »
Henan Jiyuan Iron and Steel (Group) Co., Ltd (China) has commissioned SMS Concast to upgrade its eight-strand continuous caster (CCM#2) at Plant No. 2 to enhance product quality, flexibility, and productivity. The modernization will increase billet capacity to over 1 million tons annually, enabling the production of high-carbon and automotive steel grades. The revamped caster
SMS Concast to modernize billet caster at Henan Jiyuan Iron and Steel Read More »
In September 2025, Turkey recorded a 7.6% year-on-year increase in steel product exports, reaching 1.4 million tons, according to data from the Turkish Steel Producers Association (TCUD). Despite the rise in volume, the export value slightly declined by 0.2%, amounting to $900.5 million. Over the first nine months of 2025 (January September), Turkey maintained strong
Turkey increased steel exports by 12.1% in January-September 2025 Read More »
Watani Iron and Steel Company (Watani Steel), which specializes in the production and manufacturing of steel billets and rebar, reported losses of SAR 3.5 million for the first nine months of 2025, compared to a profit of SAR 2.2 million during the same period of the previous year. The company explained that the losses were mainly
Watani Steel loses SAR 3.5M in first nine months of 2025 Read More »
China is seeking to revive its steel sector through a gradual reform approach that supports advanced producers in the industry, while avoiding sharp output cuts that could significantly reduce supply. According to a report published by Bloomberg, China’s upcoming five-year plan includes broad commitments to boost consumption and innovation. However, the government’s campaign against “over-competition”
China Seeks to Revive Its Steel Industry Without Cutting Production Read More »
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 one company recorded a price decrease. Ezz Steel’s rebar price stood at EGP 38,200 per ton, while Suez Steel and Egyptian Steel maintained their prices at EGP 35,000 and
Rebar Prices in Egypt – November 3, 2025 Read More »
According to a report issued by the Japan Iron and Steel Federation (JISF), based on customs data, Japan’s exports of iron and steel products reached 2.50 million metric tons in September 2025, marking a slight increase of 1.5% compared to August, but a year-on-year decline of 4.8%. During the January–September 2025 period, Japan’s steel exports
Japan’s steel exports decline by 4.3% in in January-September 2025 Read More »
The financial statements of the National Steel Industry Company (NAST), listed on the Amman Stock Exchange, revealed that its profits more than doubled during the first nine months of 2025 compared to the same period in 2024. The company reported profits of 272.13 thousand dinars (approximately USD 383.91 thousand), compared to 89.17 thousand dinars (approximately
Jordan: National Steel Industry Doubles Its Profits Over Nine Months Read More »
Global iron and steel markets witnessed relative stability during the first week of November 2025, with limited price movements compared to the previous week, according to data obtained by the Arab Iron and Steel Union. Prices of scrap HS1&2 (80:20 mix) imported by Turkey from the United States on a CFR basis stood at $351
Steel Prices in the First Week of November 2025 Read More »
Thyssenkrupp has appointed company executive Marie Jaroni as the new CEO of its steel business to replace Dennis Grimm, who agreed to leave the division, the company said on Friday. Jaroni comes to the role, effective November 1, after a brief tenure as the steel unit’s chief sales officer and chief transformation officer, following various
Thyssenkrupp names Marie Jaroni as new steel boss Read More »
Australia’s steel sector is drawing criticism for focusing its decarbonisation efforts on natural gas rather than the global trend toward green hydrogen, according to a briefing which warns this risks locking the country into uncompetitive, high-emission technology. Kallanish notes from the Institute for Energy Economics and Financial Analysis (IEEFA) that while developed nations are prioritizing replacing
Report : Australia’s steel sector trapped by gas focus: IEEFA Read More »
The General Authority of Customs and Qatar Steel Company have signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation to establish regulations and procedures for restricting the export of iron scrap (metal waste) outside the State of Qatar, in line with applicable laws and regulations. The MoU was signed by Mr. Ahmed Yousuf Al-Sahl,
Qatar Customs and Qatar Steel Sign MoU to Restrict Iron Scrap Exports Read More »
Saudi Steel Pipes Company, a producer of steel pipes, reported a net profit of SAR 147 million for the first nine months of 2025, down from SAR 158 million during the same period in 2024. The company attributed the profit decline to the following factors: – Lower revenues, resulting from decreased sales volumes. Despite this
Saudi Pipes Reports SAR 147 Million Profit for the First Nine Months of 2025 Read More »