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 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 »
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 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
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
Rebar prices in the Egyptian local market witnessed relative stability during today’s trading, as most companies maintained their previous price levels without significant change, while one company recorded a slight decline in its prices. Ezz Steel’s price stood at EGP 38,200 per ton, while Suez Steel and Egyptian Steel remained stable at EGP 35,000 and
Rebar Prices in Egypt – October 28, 2025 Read More »
Brazilian mining giant Vale produced 94.4 million metric tons (mt) of iron ore in the third quarter of 2025, marking a 3.8% increase compared with the same period in 2024. In contrast, pellet production fell by 22.8% year-on-year to 8.0 million mt. According to the company, the rise in iron ore output represents Vale’s strongest
Vale Reports Higher Iron Ore Output in Q3 2025 Read More »
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 »
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 »
Global steel markets showed limited price fluctuations during the fourth week of October 2025, according to data obtained by the Arab Iron and Steel Union. Prices of HS1&2 scrap (80:20 mix) imported by Turkey from the United States remained stable at $352 per ton CFR, marking a slight decrease of $1 compared with the previous
Steel prices in the Fourth week of October 2025 Read More »
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
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 »
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 »
The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for November 2025. Prices for rebar (12–32 mm) increased by SAR 25 (USD 7) to reach SAR 2,080 (USD 555) per ton, while wire rod (6.5–16 mm) prices remained unchanged at SAR 2,245 (USD 599) per ton compared to the previous month.
Saudi Arabia: Hadeed Announces Steel Prices for November Read More »
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 »
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 »
Data from the National Bureau of Statistics of China showed that the country’s rebar production totaled 143.387 million metric tons from January to September 2025, marking a slight year-on-year decrease of 0.1%. During the same period, domestic wire rod production reached 102.111 million metric tons, up 1.7% year on year, while welded pipe production amounted
Slight Decline in China’s Rebar Production in the First Nine Months of 2025 Read More »
Emirates Steel, a subsidiary of EMSTEEL Group, has announced an increase of AED 58 (approximately USD 16) per ton in its rebar prices for November 2025 production. The new price stands at AED 2,648 (around USD 721) per ton, compared to AED 2,590 (USD 705) per ton in October, ex-works (EXW). The company noted that
Emirates Steel raises rebar prices for November 2025 Read More »
Report on rebar prices in Saudi Arabia from Jan. to Sep. 2025 Read More »
The first training program on Direct Reduction Technologies (DRI) has commenced as part of a series of specialized technical training programs organized by the Arab Iron and Steel Union (AISU) in cooperation with Ezz Steel. The program runs from October 19 to October 30, 2025, with the participation of several technical professionals from member companies
In September this year, China’s semi-finished steel exports totaled 1.4936 million mt, down 15.34% month on month. While rising by 41.85% year on year, according to China’s customs authorities. In the January-September period this year, China’s semi-finished steel exports amounted to 10.7297 million mt, up 215.43% year on year. In the January-September period this year,
China’s semi-finished steel exports rise 215.43% in January – September 2025 Read More »
Rebar prices in the Egyptian local market remained relatively stable during the third week of October 2025 compared to the previous week, with minor movements recorded among some producers. Ezz Steel maintained its price at EGP 38,200 per ton, with no change from last week, while Suez Steel also remained stable at EGP 35,000 per
Rebar Prices in Egypt – October 21, 2025 Read More »
The Canadian government has announced tariff exemptions on several steel and aluminum products imported from the United States and China, as part of efforts to support local companies affected by trade tensions with both countries, according to Reuters. Prime Minister Mark Carney is leading negotiations with U.S. President Donald Trump, who imposed tariffs on Canadian
Canada Opens the Door to Tariff Exemptions to Support Its Struggling Economy Read More »
Decline in Egypt’s Rebar Production and Sales in January–September 2025 Read More »
China’s production of pig iron, crude steel, and finished steel reached 66.05 million tons, 73.49 million tons, and 124.21 million tons, respectively, in September 2025, according to data from the National Bureau of Statistics of China (NBS).Year-on-year, production declined by 2.4% for pig iron and 4.6% for crude steel, while finished steel output increased by
China’s Crude Steel Output Falls by 2.9% in January–September 2025 Read More »
Global steel product prices showed slight fluctuations during the third week of October 2025, with some products recording limited increases, while others remained stable at previous levels. According to data obtained by the Arab Iron and Steel Union (AISU), the price of steel scrap (mix 80:20) imported by Turkey from the United States rose to
Steel prices in the third week of October 2025 Read More »
German steelmaker Salzgitter has reached a major automation milestone with the implementation of SMS Group’s X-Pact Centerline Control system at its seven-stand hot strip mill at Salzgitter Flachstahl GmbH. The project forms part of a wider modernization package ordered in 2024 aimed at improving product quality and operational stability. According to SMS Group, the X-Pact
SMS Group Modernizes Hot Strip Mill for Salzgitter Read More »
Ukraine’s imports of flat products increased by 13.1% year-on-year during the period from January to September 2025, reaching 832.2 thousand tons, according to data from the State Customs Service of Ukraine and estimates by GMK Center. Coated flat steel products (HS code 7210) accounted for about 50% of total imports, amounting to 409.42 thousand tons,
Ukraine’s Imports of Flat Products Rise by 13.1% in January–September 2025 Read More »
Iron ore prices declined on Friday amid growing worries about a slowdown in global demand due to escalating trade tensions between the United States and China. On the Singapore Exchange, October iron ore futures fell by 0.9% to $104 per ton as of 10:55 a.m. Mecca time, heading for weekly losses of more than 2%.
Iron Ore Prices Set for Weekly Losses Amid Demand Concerns Read More »
The UAE Ministry of Foreign Trade has initiated an anti-dumping investigation into imports of heavy steel sections from China, following a complaint filed by Emirates Steel, the sole local producer of these products. The complaint alleges that Chinese exporters are selling their products at prices below their normal value in the domestic market, causing harm
UAE launches anti-dumping investigation into Chinese steel sections Read More »