Data from the Ukrainian Steel Association Ukrmetallurgprom showed that Ukraine’s steel exports fell by 13% in the January–August 2025 period, totaling 2.48 million mt compared to 2.85 million mt in the same period of 2024. Meanwhile, domestic consumption increased by 22.4% to 2.81 million mt, of which 1.04 million mt was supplied through imports, which …
Ukraine’s steel exports down 13% as domestic consumption rises Read More »
Preliminary data from BigMint showed that India’s steel exports, including stainless steel, increased by 22% year-on-year during April–August 2025, reaching 3.2 million tons. The growth was driven by higher exports of hot-rolled coil/sheet, up 12% to 0.67 million tons; pipes, up 26% to 0.8 million tons; and long products, up 26% to 0.29 million tons. …
India Raises Steel Exports by 22% in April–August 2025 Read More »
World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 145.3 million tonnes (Mt) in August 2025, a 0.3% increase compared to August 2024. Africa produced 1.8 Mt in August 2025, down 3.8% on August 2024. Asia and Oceania produced 107.7 Mt, up 0.4%. The EU (27) produced 8.8 …
Global crude steel production increased by 0.3% in August 2025. Read More »
Emirates Steel, a subsidiary of EMSTEEL Group, has announced that rebar prices for October production will remain unchanged. The company kept the rebar price at AED 2,590 (USD 705) ex-works. The above prices do not include the 5% VAT. Headquartered in Abu Dhabi, Emirates Steel has an annual production capacity of 3.5 million tons of …
Emirates Steel Maintains Rebar Prices for October 2025 Read More »
The Ordinary General Assembly of Egypt Iron & Steel Company has approved the liquidator’s report on the company’s liquidation activities during the first half of the current year. It also endorsed the financial position and liquidation revenue and expense accounts for the period from January to the end of June 2025, which recorded a surplus …
Steel prices in Egypt witnessed mixed movements today, with some companies maintaining stability while others recorded increases or declines. Ezz Steel remained stable at EGP 38,200 per ton, while Suez Steel also held steady at EGP 37,900 per ton. On the other hand, several companies lowered their prices. Beshay Steel dropped to EGP 37,000, down …
The Technical Committee of the Arab Iron and Steel Union held its fifth meeting on 21–22 September 2025 at the Sheraton Cairo Hotel, with the participation of representatives from several Arab countries. During the meeting, Mr. Mohammed Muteb Al Ameri, Executive Vice President of Operations at Emirates Steel, was elected as Chairman of the Committee …
Arab Iron and Steel Union Technical Committee Holds Its Fifth Meeting in Cairo Read More »
In August this year, China’s semi-finished steel exports totaled 1.76 million metric tons, up 12% month on month, while rising by 230% year on year, according to China’s customs authorities. Since demand in the domestic market in China was weak in the June-August period, mills and traders were relying on exports, and billet was one …
China’s semi-finished steel exports up 292% in January-August 2025 Read More »
India’s Tata Steel has signed a natural gas supply agreement with GAIL, the country’s largest natural gas company. The deal marks the largest industrial customer onboarding since the launch of GAIL’s city gas distribution networks in Varanasi, Patna, Ranchi, East Singhbhum, Cuttack, and Khordha. Under the agreement, GAIL will supply 31,000 standard cubic meters per …
India : Tata Steel signs gas supply deal with GAIL Read More »
Global steel markets witnessed mixed price movements during the third week of September 2025. Australian iron ore (62% CFR China) increased by USD 1 to reach USD 106 per ton, while cold-rolled flat steel coils (1 mm, FOB China) rose by USD 3, ranging between USD 550–560 per ton. On the other hand, scrap (HS1&2 …
Steel prices in the third week of September 2025 Read More »
SSAB has officially launched the construction of its new steel mill in Luleå, Sweden, marking a significant step toward a more sustainable steel industry. The groundbreaking ceremony was attended by Sweden’s Deputy Prime Minister and Minister for Energy, Business and Industry, Ebba Busch, along with SSAB’s CEO, Johnny Sjöström. The new mill, with an annual …
Construction begins on SSAB’s fossil-free steel mill in Sweden Read More »
According to Chinese customs data, China’s exports of steel rebar jumped by 52.2% year on year in the January–August 2025 period, reaching 12.25 million mt. Wire rod exports also increased by 12.1% to 1.95 million mt, while exports of steel angles and channels rose by 39.2% to 5.03 million mt. In August alone, China exported …
China’s Steel rebar Exports Surge in January–August 2025 Read More »
Iron ore futures fell on Thursday, pressured by weakening demand from China’s manufacturing and infrastructure sectors. However, stockpiling purchases ahead of the National Day holiday on October 1 helped limit the losses. On the Singapore Exchange, October-delivery iron ore futures slipped 0.4% to $105.45 per ton as of 12:17 p.m. Mecca time. Meanwhile, on China’s …
Iron Ore Prices Decline Amid Weak Demand in China Read More »
Preliminary data from the US Department of Commerce showed that steel imports into the United States in July 2025 totaled 2,034,212 metric tons, marking a 9.8% decline compared to June and a 6.9% drop year on year. In terms of value, imports reached $2.19 billion, compared to $2.13 billion in June and $2.72 billion in …
Jindal Steel Duqm, a subsidiary of Jindal Steel Group, has signed a contract with Danieli to build a second hydrogen-ready direct reduction plant for the production of hot-briquetted iron (HBI) in Duqm, Oman. This project comes as part of the company’s expansion into low-carbon steel production, following the launch of its first Energiron DRI plant …
Oman : Jindal Steel Duqm orders second hydrogen-ready DRI plant Read More »
From January to August 2025, Ukrainian steelmakers reduced their flat rolled steel exports by 1.5% compared to the same period in 2024, reaching around 1.1 million tons, according to State Customs Service data analyzed by GMK Center. More than 80% of these exports consisted of hot-rolled flat products (HS code 7208), totaling 911.94 thousand tons, …
Ukraine’s Flat Steel Exports Exceed 1.1 Million Tons in January – August 2025 Read More »
According to data from the National Bureau of Statistics of China, the country’s August production reached 69.79 million mt of pig iron (up 1.0% year-on-year, down 1.43% month-on-month), 77.37 million mt of crude steel (down 0.7% y-o-y and 2.87% m-o-m), and 122.77 million mt of finished steel (up 9.7% y-o-y and slightly down 0.15% m-o-m). …
China’s crude steel output fell below 80 million mt again in August Read More »
Rebar prices in Egypt witnessed a notable rise today across most factories, with several producers recording sharp increases in their per-ton prices, while others maintained stability. Ezz Steel maintained its price at EGP 38,200 per ton with no change from previous days, while Suez Steel dropped by EGP 200 to record EGP 37,900 per ton. …
Dr. Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, issued Decree No. 400 of 2025 imposing temporary safeguard measures on imports of hot-rolled flat steel products, whether in sheet or coil form. The duty will be applied for a period of 200 days, starting September 14, 2025. According to Article 1 of the decree, …
Egypt Imposes Temporary Safeguard Duties of 13.6% on Hot-Rolled Steel Imports Read More »
EMSTEEL, a leading steel and building materials manufacturer in the region, continues to advance its efforts toward a low-carbon economy. Its initiative to produce low-carbon cement at its Al Ain plant marks a significant step forward on this path. The initiative combines industrial innovation with circular economy principles to address the environmental challenges associated with …
EMSTEEL Transforms Iron Residues into Low-Carbon Cement Read More »
In the second week of September 2025, global iron and steel markets witnessed mixed price movements, with most products remaining stable while some recorded slight increases and others a limited decline. The price of steel scrap (HS1&2 mix 80:20) imported by Turkey from the USA fell by USD 5 to settle at USD 338/ton CFR. …
Steel prices in the second week of September 2025 Read More »
According to the Economic and Steel Market Outlook 2025–2026 / Q3 2025 report issued by the Economic Committee of the European Steel Association (Eurofer), the EU’s steel exports to external markets fell by 12% year-on-year in the second quarter of 2025, following a modest 1% increase in the first quarter. Exports of finished and flat …
Eurofer: EU Trade Deficit in Finished Steel Widens in Q2 2025 Read More »
Global crude oil prices fell by around 2% on September 11, driven by concerns over a potential slowdown in U.S. demand and rising oversupply in global markets. In its monthly report, the International Energy Agency (IEA) indicated that global oil supply is expected to grow at a faster pace than previously forecast, supported by OPEC+ …
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, has issued a decree imposing temporary safeguard duties on hot-rolled steel imports for a period of 200 days at a rate of 13.6%, with a minimum of EGP 3,673 per ton. The decision also includes a 16.2% duty on billet imports, with a minimum of EGP …
Egypt Imposes Safeguard Duties on Billet Imports at 16.2% Read More »
Eng. Ahmed Ezz – Chairman and Founder of Ezz Steel – told the Financial Times that the company recognizes the significant challenges facing the European steel industry, including high energy costs, global production surpluses, and structural pressures. His remarks were featured in the newspaper’s report published on September 7 under the headline: “European steelmakers urge …
Eng. Ahmed Ezz to the Financial Times: EU-wide steel tariffs punish compliant suppliers Read More »
EMSTEEL Group, one of the largest publicly traded steel and building materials manufacturers in the region, has announced a landmark partnership with global technology leader Danieli to launch the first Electric Process Gas Heater (ePGH) pilot for the steel sector. The initiative marks a pivotal step in EMSTEEL’s decarbonisation roadmap, reinforcing its leadership in the …
EMSTEEL Launches the World’s First Pilot of Electric Process Gas Heaters in Steelmaking Read More »
In a move that reflects the strength of the Algerian-Qatari partnership and opens broader horizons for Arab-African cooperation, Algerian Qatari Steel announced the signing of a package of commercial and strategic agreements worth more than USD 1.6 billion during its participation in the Intra-African Trade Fair (IATF 2025). These agreements, which will enable the company …
The Egyptian government is studying the introduction of temporary safeguard duties of 13.6% on hot-rolled steel imports for a period of 200 days, according to an official document reviewed by Asharq. The document indicates that the measure comes after the local industry suffered severe damage due to a sharp and unexpected surge in imports, which …
Egypt Considers Imposing Safeguard Duties on Rolled Steel Imports for 200 Days Read More »
In July 2025, Turkey’s imports of billets and bloom reached 453,113 mt, down 9.7% compared to June, but up 73.4% year-on-year, according to preliminary data released by the Turkish Statistical Institute (TUIK). At the same time, revenues generated from these imports totaled USD 222.26 million, decreasing by 9.5% month-on-month, but rising 53.7% year-on-year. From January …
Turkey’s Billet Imports Rise by 61.6% in January and July 2025 Read More »
The Economic Committee of the Arab Iron and Steel Union held its eleventh meeting on 8–9 September 2025 at the Four Seasons Hotel in Cairo, with the participation of representatives from a number of member companies of the Union. At the beginning of the meeting, a procedural session was convened for elections, during which Mr. …