According to preliminary data released by the US Department of Commerce, US imports of rebar totaled 166,058 mt in January this year, up 191.1% month on month and up 310.5% year on year. By value, rebar imports totaled $105.2 million in January this year, compared to $39.5 million in December and $26.8 million in January …
The European Union will cut steel import quotas to reduce imports by an additional 15% starting next April, a move aimed at preventing cheap steel from flooding the European market after Washington imposed new tariffs. “At a time when no one respects WTO rules and everyone resorts to national security, the EU cannot be the …
India is moving to join the wave of protectionist measures in the steel sector, preparing plans to impose import tariffs one week after US President Donald Trump’s decision to impose 25% tariffs on steel and aluminum imports. The Indian Ministry of Commerce has proposed a 12% duty on a wide range of imported steel products, …
India joins the trade war, moves to impose tariffs on steel imports Read More »
Ezz Steel is preparing to file an objection to the methodology used by the European Commission to calculate provisional anti-dumping duties on its products, a company official revealed to Asharq Bloomberg. The official, who declined to be identified due to the sensitivity of the matter, confirmed that the objection will be filed “within days.” The …
Egypt: Ezz Steel to Object to EU Anti-Dumping Duty Calculation Methodology Read More »
Rebar prices in Egypt this week ranged between EGP 31,800 – EGP 38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 32,500, El Komy Steel EGP …
A statement from the European Commission revealed that the European Union is considering imposing an initial anti-dumping duty of 15.6% on HRC imports from Egypt, starting April 7. It will continue its studies and reach a final decision in October. The European Union has the right to impose an additional 25% duty on quantities exceeding …
EU is considering imposing a 15.6% AD duty on HRC imports from Egypt Read More »
In the January-February period this year, China’s outputs of pig iron, crude steel and finished steel totaled 140.75 million mt, 166.3 million mt and 224.09 million mt, decreasing by 0.5%, down 1.5% and up 4.7% year on year, respectively, as announced by China’s National Bureau of Statistics (NBS). In early March (March 1-10) this year, …
China’s crude steel output down 1.5% in Jan-Feb 2025 Read More »
The value of Egypt’s iron and steel imports increased by 20.9% in 2024, reaching $5.179 billion, compared to $4.285 billion in 2023. Foreign trade data showed that iron and steel accounted for 5.5% of Egypt’s total imports last year, amounting to $94.698 billion. A data analysis showed that five countries—China, Russia, the United Kingdom, Belgium, …
Egypt’s iron and steel imports rise to $5.2 billion in 2024 Read More »
According to Egypt’s State Information Service, Prime Minister Moustafa Madbouli visited Kandil Steel Factory in 10th of Ramadan City. Chairperson Amr Kandil welcomed him to the facility. Executive VP Reham Abou El-Soud noted that exports account for 50pct of production. Following factory upgrades, the workforce grew to 1,400 employees, with investments reaching $25 mln. Modernized …
Egypt : Kandil Steel to expand production capacity to 900,000 tons annually Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $380/ tonne, $8 up compared to last week’s prices. and iron ore prices $104/ tonne, $4 up compared to last week’s prices. While the prices of billets ranged between 435 – 465 Dollars per tonne, while it was between 435 – …
Morocco’s Ministry of Industry and Commerce has initiated an anti-dumping investigation into galvanized wire imports from Egypt and UAE. The probe follows a complaint by Moroccan companies Somatref, Sicotrem, Galvaftl, and Sodefer, which allege that these imports are being dumped into the market at unfair prices. The product investigated, classified under HS code 7217.2099.00, is …
Morocco : Ministry launches AD probe into galvanized wire imports from Egypt & UAE Read More »
The European Commission has released the results of its preliminary investigation into certain HRC imported from Egypt, India, Japan, and Vietnam. As a result of this investigation, the EU will impose anti-dumping duties on imports from these countries. The leaked preliminary report of the Commission’s anti-dumping investigation proposes provisional duty rates on imports from Egypt …
EU sets AD duties on HRC imported from Egypt, India, Japan and Vietnam Read More »
In January this year, Turkey’s wire rod exports amounted to 55,128 metric tons, down by 21.9% year on year and by 56.7% month on month, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $32.03 million, decreasing by 26.2% year on year and 57.2% …
Turkey’s wire rod exports down 21.9% in January 2025 Read More »
South Korea plans to strengthen controls on metal imports to protect its producers from potential dumping in the domestic market, after US President Donald Trump moved forward with 25% tariffs on steel and aluminum imports from around the world. South Korea, a major metals producer in Asia, refrained from taking any immediate retaliatory steps after …
South Korea Tightens Control on Steel Imports in Response to US Tariffs Read More »
The CEOs of the three largest American steelmakers are urging US President Donald Trump to resist giving any tariff exemptions on steel imports. Nine US steel industry executives sent a letter to Trump on March 7, just days before the US is expected to implement a 25% tariff on all steel imports. The letter said …
Japan expressed “regret” over not being exempted from US President Donald Trump’s steel and aluminum tariffs, which took effect today. Japanese Chief Cabinet Secretary Yoshimasa Hayashi said on Wednesday that “the failure to exempt Japan from the additional tariffs is regrettable.” He warned that the move “threatens to have a significant impact on the economic …
Japan warns of Trump tariffs’ impact on US relationship Read More »
Australian Prime Minister Anthony Albanese said Wednesday, after failing to secure an exemption from the US tariffs on his country’s steel and aluminum exports, that the tariffs, which just took effect, are “completely unjustified.” After the White House dashed Australia’s hopes that its steel and aluminum exports to the United States would receive an exemption …
Australian Prime Minister: US tariffs on Australian steel are “completely unjustified” Read More »
US President Donald Trump’s 25% tariffs on steel and aluminum imports took effect on Wednesday, prompting retaliation from the European Union. The White House confirmed the tariffs, which will affect Canada, Australia, the European Union, and other countries, late Tuesday, but Trump clarified that he no longer plans to raise tariffs on metals imported from …
US steel and aluminum tariffs take effect, Europe responds Read More »
US President Donald Trump has doubled his planned tariffs on all Canadian steel and aluminum imports to 50%, in retaliation for Ontario’s 25% tariff on electricity exports to the United States. Trump said in a post on Truth Social that he had instructed his Commerce Secretary to impose an additional 25% tariff on the products, …
US Doubles Steel and Aluminum Tariffs on Canada to 50% Read More »
Rebar prices in Egypt this week ranged between EGP 32,000 – EGP 38,200. The prices were as follows: Ezz Steel EGP 38,200, Suez Steel EGP 38,100, Bishay Steel EGP 38,200, El Marakby Steel EGP 36,000, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 33,500, El Komy Steel EGP …
China’s hot-rolled coil (HRC) market is expected to find some balance in March, supported by recovering domestic demand and proactive production cuts, despite headwinds from a worsening trade environment globally caused by rising steel protectionism, Mysteel’s latest monthly report suggests. For March, China’s spot price of Q235B 4.75mm HRC in Shanghai under Mysteel’s assessment will …
Report: China’s HRC see increased domestic demand, lower exports Read More »
With the implementation of US tariffs on Indian steel imports, domestic steel prices in India are witnessing a correction of about INR 3,000 /tonne ($34.45 /t) due to the potential redirection of excess supply to India. US reciprocal tariffs, including on India, will come into effect from 2 April. These will disrupt export markets and …
Mexican Economy Minister Marcelo Ebrard confirmed during press statements on Friday that his country seeks to reach a new agreement with the United States regarding the steel and aluminum sectors, noting the importance of enhancing trade cooperation between the two countries to resolve outstanding issues in this area. Ebrard explained that meetings will be held …
Mexico moves to resolve steel and aluminum crisis with the United States Read More »
Brazil, the second-largest steel exporter to the United States, said it has begun talks with the administration of US President Donald Trump in response to the steel tariff hikes set to take effect on March 12. Trade relations between Brazil and Washington are tense as the US president plans to impose a 25% tariff on …
Brazil begins talks with Trump administration over steel tariffs Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $372/ tonne, $8 up compared to last week’s prices. and iron ore prices $100/ tonne, $3 down compared to last week’s prices. While the prices of billets ranged between 435 – 465 Dollars per tonne, while it was between 435 – …
It is expected that the demand in the Kingdom of Saudi Arabia will witness a decline in demand for rebar due to the slowdown in construction activities in general with the reduction of working hours. The average price level of rebar in Saudi Arabia decreased by 30-50 riyals per ton ($8-13 per ton) compared to …
China’s Baoshan Iron & Steel Co., Ltd. (Baosteel) has issued the final acceptance certificate (FAC) to SMS group for the installation of a coilbox in its 1880 mm hot strip mill, marking the near-completion of the project. As a key subsidiary of China Baowu Steel Group, Baosteel is one of the world’s leading steel producers, …
Baosteel modernizes hot strip mill at Shanghai plant in cooperation with SMS Group Read More »
Maghreb Steel, Morocco’s leading flat steel producer, reported a nearly 16% YoY increase in revenue for 2024, driven by strong domestic sales. The company’s revenue rose to MHD 5.42 bln (USD 546 mln), up from MHD 4.68 bln in 2023. In the fourth quarter alone, revenue grew 34% YoY to MHD 1.56 bln (USD 157 …
Moroccan Steel Company’s revenues grow by 16% in 2024 on strong domestic sales Read More »
Demand in the rebar sector in Jordan continues to decline due to local and global challenges and the traditional weakness in business activity during the month of Ramadan. Jordanian producers are offering rebar to local customers at JOD 466-473/tonne ($659-667/tonne) ex-factory with a 16% sales tax, down by $6-7/tonne compared to last week. Ex-tax prices …
Rebar prices in Jordan decline during March 2025 Read More »
Tosyali Algeria, located in Batioua in the state of Oran, announced the export of 30 thousand tons of steel plates to Italy, according to the company’s Director of Foreign Trade, Ezzi Ramzi. According to the statement of the company’s Director of Foreign Trade, Ezzi Ramzi, to the Algerian News Agency, “The shipping operation started last …
Tosyali Algeria exports 30 thousand tons of plates to Italy Read More »