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Iron Ore Drops for Sixth Consecutive Day, Longest Losing Streak Since August

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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 Signs Agreement for the World’s Largest Rooftop Solar Project

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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 »

SMS Concast to modernize billet caster at Henan Jiyuan Iron and Steel

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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 »

Turkey increased steel exports by 12.1% in January-September 2025

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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 »

China Seeks to Revive Its Steel Industry Without Cutting Production

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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 »

Japan’s steel exports decline by 4.3% in in January-September 2025

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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 »

Jordan: National Steel Industry Doubles Its Profits Over Nine Months

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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 »

Report : Australia’s steel sector trapped by gas focus: IEEFA

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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 »

Qatar Customs and Qatar Steel Sign MoU to Restrict Iron Scrap Exports

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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 Pipes Reports SAR 147 Million Profit for the First Nine Months of 2025

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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 »

Report: U.S. Tariffs to Delay Oil and Gas Projects into 2026

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A report published by Deloitte revealed that the broad U.S. tariffs imposed by President Donald Trump are expected to increase operating costs, disrupt supply chains, and weaken investment momentum in the oil and gas industry by 2026. The energy sector relies heavily on global supply chains, with internationally sourced materials such as drilling rigs, valves, …

Report: U.S. Tariffs to Delay Oil and Gas Projects into 2026 Read More »

Turkish Steel Producers Maintain Prices Despite Weak Demand

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Turkish rebar producers have kept their export prices unchanged from last week, despite persistently weak demand in foreign markets. According to recent data, Turkish mills’ export offers on Thursday stood at $550–555 per tonne fob Türkiye for rebar and $555–565 per tonne fob for mesh-quality wire rod, remaining at the same levels as the previous …

Turkish Steel Producers Maintain Prices Despite Weak Demand Read More »

BHP and POSCO Collaborate to Develop Low-Emission Hydrogen-Based Ironmaking Technology

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Australian mining giant BHP and South Korea’s POSCO have signed a new memorandum of understanding (MoU) to jointly develop an innovative hydrogen-based ironmaking technology, marking a major step toward decarbonizing the global steel industry. The partnership focuses on advancing POSCO’s HyREX technology, which uses hydrogen direct reduced iron (DRI) through fluidized bed reactors (FBR) combined …

BHP and POSCO Collaborate to Develop Low-Emission Hydrogen-Based Ironmaking Technology Read More »

Arabian Pipes’ Profit Falls to SAR 102.4 Million (-34%) by the End of the First Nine Months of 2025

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Arabian Pipes Company (APC), which specializes in the production and sale of steel pipes, reported a 34% decline in net profit, reaching SAR 102.4 million by the end of the first nine months of 2025, compared to SAR 155.7 million recorded during the same period in 2024. The company attributed the profit drop to the …

Arabian Pipes’ Profit Falls to SAR 102.4 Million (-34%) by the End of the First Nine Months of 2025 Read More »

Egypt: Iron and Steel for Mines and Quarries Reports 238% Surge in Profits in Q1 of the Current Fiscal Year

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The financial indicators of Iron and Steel for Mines and Quarries Co. revealed a significant improvement in performance in the first quarter of the current fiscal year, with the company’s net profit soaring by 238% year-on-year. According to the company’s statement to the Egyptian Exchange (EGX), net profit reached EGP 80.49 million for the period …

Egypt: Iron and Steel for Mines and Quarries Reports 238% Surge in Profits in Q1 of the Current Fiscal Year Read More »

Prime Minister Inaugurates “Qing Shan” Steel Pipe Factory with $4.5 Million Investment

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Prime Minister Dr. Mostafa Madbouly inaugurated the “Qing Shan” steel pipe factory during his visit to the integrated Sokhna Industrial Zone, which falls under the General Authority for the Suez Canal Economic Zone. The factory is located within the “Teda Egypt” industrial developer area. During the opening ceremony, Madbouly stated that this project comes as …

Prime Minister Inaugurates “Qing Shan” Steel Pipe Factory with $4.5 Million Investment Read More »

Global DRI production increased by 4.9% in September 2025

News, steel Statistics / By

Data showed that DRI output in 12 countries — representing about 85% of total global production in 2024 — reached 11.05 million mt in September 2025, marking an increase of 2.8% month-on-month and 4.9% year-on-year, according to the World Steel Association (WorldSteel). During the period from January to September 2025, global DRI production totaled 95.37 …

Global DRI production increased by 4.9% in September 2025 Read More »

Iron ore prices under increasing pressure as inventories rise and Chinese demand weakens.

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Iron ore prices declined as Chinese steel mills continued to face profit pressures amid an uncertain demand outlook in the world’s largest steel-consuming market. Futures in Singapore fell by 1.4% to $103.20 per ton, heading for a second consecutive weekly loss. Bloomberg Intelligence reported that the $100 per ton support level is under growing pressure …

Iron ore prices under increasing pressure as inventories rise and Chinese demand weakens. Read More »

Crude steel production in Arab countries increased by 7.5% in Jan. -Sep. 2025.

News, steel Statistics / By

Crude steel production in Arab countries reached 3.9 million tons in September 2025, marking a 15.1% increase compared to September of the previous year. Meanwhile, total production from January to September reached 32.3 million tons, up 7.5% year-on-year, according to the latest data from the World Steel Association (World Steel). This reflects the continued recovery …

Crude steel production in Arab countries increased by 7.5% in Jan. -Sep. 2025. Read More »

Global Crude Steel Production Declines by 1.6% in September 2025

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World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 141.8 million tonnes (Mt) in September 2025, a 1.6% decrease compared to September 2024. Africa produced 2.0 Mt in September 2025, up 8.2% on September 2024. Asia and Oceania produced 102.9 Mt, down 2.1%. The EU (27) produced 10.1 …

Global Crude Steel Production Declines by 1.6% in September 2025 Read More »

China’s iron ore output down 3.8% in January-September 2025

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In the January-September period this year, China’s iron ore production amounted to 761.429 million metric tons, decreasing by 3.8% year on year, according to China’s National Bureau of Statistics (NBS). In September alone, China’s iron ore production totaled 84.267 million metric tons, increasing by 0.6% year on year, while up 3.2% month on month In …

China’s iron ore output down 3.8% in January-September 2025 Read More »

ArcelorMittal Sestao contracts Danieli to upgrade dust removal system

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As part of its new investment program “Sestao 1.6”, aimed at achieving carbon neutrality, increasing production capacity, and expanding its product portfolio, ArcelorMittal Sestao has selected Danieli to supply a new fume treatment plant and a vacuum degassing unit for its mill in Vizcaya, Basque Country, Spain. The installation of the new fume treatment plant, …

ArcelorMittal Sestao contracts Danieli to upgrade dust removal system Read More »

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