Eng. Ahmed Ezz, Chairman of the Arab Iron and Steel Union and Chairman of Ezz Steel, emphasized that recent decisions to impose customs tariffs to protect national industries reflect a fundamental shift in the global economic philosophy toward greater protectionism, noting that “the idea of a borderless global village no longer exists.” In an interview
Jassim Al-Abbas, General Manager of Marketing, Sales, and Business Development at Al-Ittefaq Steel, confirmed that domestic steel demand in Saudi Arabia stands at around 7.5 million tons annually, while the total installed production capacity of all steel plants in the Kingdom is approximately 15 million tons per year. Speaking to Argaam on the sidelines of
Al-Ittefaq Steel: No Slowdown in Demand; Scrap Prices Continue to Rise Amid Shortage Read More »
Lieutenant General Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, participated alongside Bandar Al-Khorayef, Saudi Minister of Industry and Mineral Resources, in the ministerial session titled “Empowering the Localization of the Iron Value Chain to Support Economic Growth and Income Diversification”, held within the framework of the 3rd Saudi
Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef revealed the completion of studies to determine the optimal options to address the local market deficit and reduce steel flat product imports. He noted that there are investment opportunities worth around SAR 60 billion, distributed across a range of key products vital to the Kingdom’s
Minister of Industry: SAR 60 Billion in New Investment Opportunities in the Steel Sector Read More »
Bandar Al-Sulaim, Chairman of the National Committee for the Steel Industry, stated that demand for steel products in Saudi Arabia and the Arab world has witnessed positive growth in recent years. In an interview with Argaam, Al-Sulaim expressed optimism that this momentum will continue in the coming years, supported by the mega projects associated with
The customs authorities in the United Arab Emirates have extended the implementation of the decision to raise customs duties on rebar and wire rod from 5% to 10%, with the measure remaining in effect until October 12, 2026. The decision was issued through Dubai Customs Circular No. 14/2025, based on the Federal Authority for Identity,
UAE Extends 10% import tax for Rebar Until October 2026 Read More »
According to the latest report issued by the World Steel Association (worldsteel) on global steel demand for 2025 and 2026. Global steel demand in 2025 is projected to be flat compared to 2024, reaching about 1,750 million tonnes (Mt). A modest rebound of 1.3% is forecast for 2026, pushing global demand to 1,773 Mt. Alfonso Hidalgo
Global Steel Demand Expected to Stabilize in 2025 with a Slight Increase in 2026 Read More »
Rebar prices in the Egyptian domestic market witnessed a significant decline during the second week of October 2025, compared to the week before last. Ezz Steel maintained its price at EGP 38,200 per ton with no change, while Al-Suez Steel dropped to EGP 35,000 per ton, marking a decrease of EGP 2,900. El-Marakby Steel also
Rebar Prices in Egypt – October 13, 2025 Read More »
Data from the General Administration of Customs of China showed that the country’s steel exports increased by 9.2% year-on-year during the period from January to September 2025, reaching 87.96 million tons, according to Reuters. In September alone, Chinese steel companies exported 10.47 million tons, up 10% from the previous month — the highest level in
China’s Steel Exports Rise by 9.2% in the First Nine Months of 2025 Read More »
The Egyptian Stock Exchange has announced the details of Al-Organi for Development and Investment’s acquisition of a 26.25% stake in Misr National Steel Company – Ataqa. Al-Organi for Development purchased around 315 million shares of Ataqa’s capital for a total value of EGP 1.9 billion, at an average price of EGP 6.04 per share. As
Egypt Stock Exchange announces details of Al-Organi’s acquisition of a stake in Ataqa Read More »
The United Arab Emirates has solidified its position as a regional and global leader in the steel industry, supported by national strategies focused on industrial sustainability, production efficiency, and the country’s goal of achieving climate neutrality by 2050. At the forefront of this transformation is the EMSTEEL Group, through its subsidiary Emirates Steel, which has
EMSTEEL Leads the Steel Industry Toward Global Sustainability Read More »
Experts and decision-makers at the 18th Arab Steel Summit, held in the Sultanate of Oman on October 7–8, confirmed that infrastructure and housing investments are the primary engines of steel demand in Arab markets in the near term. They emphasized the importance of maintaining predictable and stable project pipelines to ensure the sustainability of local
Eng. Ahmed Ezz, Chairman of the Arab Iron and Steel Union, emphasized that stimulating local demand for steel products in Arab countries begins with industrial growth, streamlining permit procedures, and facilitating land allocation for investors. He underscored the importance of empowering the private sector and supporting construction and infrastructure projects to ensure the industry’s sustainability
Algeria is set to commission its first iron ore pre-processing unit at the Gara Djebilet mine in Tindouf Province by the end of April 2026, with an annual production capacity of 4 million tonnes, according to Belkacem Soltani, Chairman and CEO of the National Mining Industrial Group (SONAREM). In an interview with APS, Soltani explained
Algeria : First Iron Ore Pre-Processing Unit to Be Launched by End of April 2026 Read More »
On October 8, 2025, a significant fire broke out at ArcelorMittal’s Fos-sur-Mer plant, one of France’s largest integrated steel facilities. The fire began on two conveyor lines carrying raw materials to the steelmaking shop and quickly spread to nearby structures, according to local reports. Internal fire brigades, supported by local emergency teams, battled the flames
ArcelorMittal Shuts Down Fos-sur-Mer Blast Furnace After Major Fire Read More »
Maruichi Stainless Tube Co. Ltd., a leading Japanese stainless steel tube manufacturer, has commissioned SMS group to supply a complete production line for extruded stainless steel tubes at a new greenfield plant in Shimonoseki, Japan. SMS will provide heating systems, a forming tube extrusion press, and automation technology. The fully electrified heating systems include preheating,
SMS Group to supply advanced tube production line to Maruichi in Japan Read More »
Under the supervision and support of the Ministry of Energy, Al Yamama Steel Industries inaugurated the commercial production of its Wind Energy Systems Factory at its new headquarters in Yanbu Industrial City, marking a pioneering step in supporting the national transition to clean energy and contributing to the goals of Saudi Vision 2030. The factory
“Al Yamama Steel” Launches First Wind Energy Systems Factory in Yanbu Read More »
In a world where trade tariffs are rapidly escalating, it’s not only steel that’s melting — but also the delicate balance of global economies and trade alliances. The metal that once built cities, bridges, and empires has once again found itself at the center of a fierce new battle among the world’s largest economies. Global
Steel Crisis .. China’s Production Ignites a Global Tariff Race Read More »
During the Arab Steel Summit held in Muscat, Eng. Ahmed Ezz, Chairman of the Arab Iron and Steel Union (AISU), welcomed H.E. Qais bin Mohammed al Yousef, Oman’s Minister of Commerce, Industry and Investment Promotion, and extended his gratitude to His Majesty Sultan Haitham bin Tarik Al Said for the warm hospitality and excellent organization
The Minister of Commerce, Industry and Investment Promotion of the Sultanate of Oman, H.E. Qais bin Mohammed Al Yousef, expressed his hope that the 18th Arab Steel Summit and the accompanying International Iron and Steel Exhibition would serve as a valuable opportunity to exchange experiences and ideas, build new partnerships, and enhance joint cooperation for
The Arab Iron and Steel Union (AISU) announced the winners of the Best Three Arab Scientific Research Papers in the Iron and Steel Industry for 2025 on October 8, during the 18th Arab Steel Summit, held in Muscat, Sultanate of Oman, on October 7–8, 2025. The first award was awarded to Eng. Ahmed Mehab, Refractories
In August this year, Turkey’s imports of billet and bloom totaled 378,190 tons, down 16.5% compared to July but up 38.6% year on year, according to preliminary data released by the Turkish Statistical Institute (TUIK). The value of these imports reached $187.79 million, decreasing by 15.5% compared to the previous month, but increasing by 26.4%
Turkey’s billet imports up 58.1% in January–August 2025 Read More »
The UK steel industry has warned of what could become the biggest crisis in its history, following the European Union’s decision to cut tariff-free import quotas by 47% compared to 2024 and to double import duties on steel exceeding those quotas from 25% to 50%. Gareth Stace, Director General of the trade association UK Steel,
EU Steel Tariff Hike Sparks Fears of a Major Crisis in the UK Industry Read More »
Eng. Ahmed Ezz, Chairman of the Arab Iron and Steel Union, welcomed H.E. Qais bin Mohammed Al Yousef, Oman’s Minister of Commerce, Industry and Investment Promotion, during the Arab Steel Summit held in Muscat, the Omani capital. Ezz stated, “The world has changed. Although we have followed its developmental and commercial path for the past
Ahmed Ezz: We Need a Unified and Integrated Arab Industrial Policy for the Steel Sector Read More »
The Arab Steel Summit 2025, hosted by the Sultanate of Oman at the Oman Convention and Exhibition Centre, discussed the future of the iron and steel industry in the Arab region, with the participation of more than 600 officials, investors, experts, and representatives of regional and international companies in the sector. The summit was inaugurated
Oman Opens New Horizons for Arab Industrial Integration at Arab Steel Summit 2025 Read More »
The Arab Steel Summit 2025 kicked off at the Oman Convention and Exhibition Centre, running for two days under the patronage of H.E. Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion. The event brings together more than 600 officials, investors, experts, and representatives from regional and international companies in the iron
Global Industry Leaders Exchange Insights in Muscat on the Future of Arab Steel Read More »
The Arab Steel Summit 2025 opened at the Oman Convention and Exhibition Centre under the patronage of H E Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion. Organised by the Arab Iron and Steel Union (AISU) and hosted by Vale, the two-day summit has brought together more than 600 officials, investors,
Arab Steel Summit to chart future of regional industry Read More »
The Arab Steel Summit 2025 was inaugurated under the patronage of H.E. Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion of Oman, with the participation of over 600 officials, investors, experts, and representatives of regional and international iron and steel companies. The event, organized by the Arab Iron and Steel Union,
Tosyali Algeria aims to achieve $1 billion in export revenues during the current year, according to Alp Topcuoglu, a member of the company’s Board of Directors. In a press statement on the sidelines of the 13th North Africa Energy and Hydrogen Conference & Exhibition (NAPEC 2025), currently taking place in Oran, Topcuoglu said that “export
Tosyali Algeria Aims for $1 Billion in Export Revenues This Year Read More »