The European Union has introduced a new package of steel import tariffs aimed at protecting its struggling industry, in a move that mirrors the protectionist policies of former US President Donald Trump. In a statement released on Tuesday, the European Commission announced that the bloc will impose a 50% tariff on steel imports exceeding the
EU Imposes 50% Tariffs on Steel Imports Read More »
Prime Minister Saifi Ghrib inaugurated a rebar production plant in M’Sila on Tuesday, as part of a working and inspection visit to the province, commissioned by President Abdelmadjid Tebboune. In his first stop, the Prime Minister inaugurated the rebar production unit belonging to the public company FONDALE, a subsidiary of the National Steel Industry Holding
Algeria: Saifi Ghrib Inaugurates Rebar Production Unit in M’Sila Read More »
The 18th Arab Steel Summit, which began its sessions on Tuesday morning in Muscat, Oman, praised Egypt and President Abdel Fattah El-Sisi for their firm stance on the Gaza crisis and for resisting ongoing Israeli attempts to forcibly displace the Palestinian people. This came during a speech delivered by Eng. Ahmed Ezz, Chairman of the
18th Arab Steel Summit Praises Egypt’s Stance on the Gaza Crisis Read More »
German company Thyssenkrupp has announced the cancellation of its planned joint venture in the steel sector with the Czech group EPH, owned by businessman Daniel Křetínský. The company said in a statement on Thursday that talks between the two sides were mutually terminated. EPH currently holds a 20% stake in Thyssenkrupp Steel Europe (TKSE), and
Germany’s Thyssenkrupp Cancels Joint Steel Venture with Czech Group EPH Read More »
The European Commission is preparing to introduce a new proposal aimed at halving steel import quotas and raising tariffs on volumes exceeding these quotas to 50%, according to sources cited by Reuters. This proposal is part of a new steel sector package set to be unveiled by the Commission on October 7. Stefan Sejourné, the
European Commission Proposes Cutting Steel Import Quotas Read More »
The Saudi Iron and Steel Company (Hadeed) has lowered long steel prices by SAR 75 (USD 20) per ton for October production. Under the new pricing, rebar (12-32 mm) is set at SAR 2,055 (USD 548) per ton, while wire rod (6.5-16 mm) is priced at SAR 2,245 (USD 599) per ton. Above prices are
Hadeed cuts long steel prices for October sales Read More »
China has temporarily banned all iron ore shipments from the world’s largest mining company, BHP, due to escalating disputes over pricing mechanisms, Bloomberg reported, citing sources familiar with the matter. According to the sources, China Mineral Resources Group, the state-owned entity, instructed local buyers this week to suspend purchases of any seaborne, dollar-denominated shipments from
China Temporarily Bans All Iron Ore Shipments from BHP Read More »
Egypt has extended its anti-dumping (AD) investigation into cold-rolled, galvanized, and coated steel sheets from China and Turkey by six months, with the probe now expected to conclude in the first quarter of 2026. The investigation was launched on October 31, 2024, based on complaints from domestic companies. The Egyptian authority said it had gathered
Egypt extends AD investigation on Chinese and Turkish steel imports Read More »
BHP has approved a $1.4 billion infrastructure project to boost iron ore export capacity at Port Hedland. The project will install a sixth car dumper and new conveyors to increase unloading capacity and reduce downtime during the scheduled equipment update in the fiscal year 2029. This upgrade aims to raise equipment availability from the current
BHP boosts iron ore capacity with $1.4 billion port upgrade Read More »
Rebar prices in the Egyptian market remained stable at several companies, while other producers recorded noticeable declines. The price of a ton of steel at Ezz Steel stood at EGP 38,200, Suez Steel at EGP 37,900, and Beshay Steel at EGP 37,000, with no change from last week. In contrast, El Marakby Steel dropped to
Rebar Prices in Egypt – September 29, 2025 Read More »
Global steel prices remained relatively stable this week, with only minor fluctuations observed across some products. Scrap: Prices of HS1&2 scrap (Mix 80:20) in Turkey stood at $340/ton CFR, recording a slight weekly increase of $5, reflecting continued demand for imported scrap from the USA. Iron ore: Prices of 62% iron ore in Australia decreased
Steel prices in the fourth week of September 2025 Read More »
EMSTEEL Group, one of the region’s largest publicly traded steel and building materials manufacturers, today announced the launch of TrueGreen™, a strategic sustainability identity that unifies its decades of decarbonisation initiatives. This new identity establishes industry standards for transparency and accountability in sustainable steel production. The launch follows a series of recent milestones, including becoming
EMSTEEL launches sustainable steel program (TrueGreen™) Read More »
EU Trade Commissioner Maroš Šefčovič revealed on Friday that the European Union is preparing to send a letter to U.S. President Donald Trump’s administration over the weekend, outlining detailed proposals to resolve trade disputes related to steel and aluminum, according to Asharq Al-Awsat. Concluding his visit to Southeast Asia, Šefčovič stressed that the EU aims
EU to Address Trump Administration over Steel and Aluminum Dispute Read More »
Customs data showed that Japan’s steel scrap exports totaled 513,180 mt in August 2025, up 4.4% compared to 491,652 mt in the same month last year. In the January–August period of this year, Japan’s steel scrap exports increased to 4.95 million mt, marking a 16.2% year-on-year rise. Vietnam ranked as the top importer of Japanese
Japan’s Steel Scrap Exports Up 16.2% in January–August 2025 Read More »
Oil prices closed higher on Friday (September 26, 2025), gaining over 1% and marking their strongest weekly performance since mid-June. Brent crude for November delivery rose 1% to $70.13 a barrel, while West Texas Intermediate gained 1.1% to $65.72, with weekly increases of 5.2% and 5.3%, respectively. The rally was driven by an unexpected drop
Oil Prices Rise 1%, Post Strongest Weekly Gains Since June Read More »
Arab countries’ crude steel production reached 3.64 million mt in August 2025, recording a growth of 12.7% compared to the same period last year, while total output in the January–August period amounted to 28.26 million mt, up 6.1% year on year, according to the latest data released by the World Steel Association (WorldSteel). Gulf RegionGulf
Arab Countries’ Crude Steel Output Rises 6.1% in January–August 2025 Read More »
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
Rebar Prices in Egypt – September 23, 2025 Read More »
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
US steel imports down 9.8% in July 2025 Read More »