Hassan El Marakby, CEO of Elmarakby Steel, one of Egypt’s leading steel product manufacturers and suppliers, has shared some of the company’s future plans. Accordingly, Mr. El Marakby stated that the company plans to increase its rebar exports to 140,000 mt this year, with its 2024 rebar exports amounting to 120,000 mt worth $80 million. …
Elmarakby Steel plans to invest in renewable energy and increase exports Read More »
In January this year, Japan’s iron and steel product exports amounted to 2.49 million metric tons, decreasing by 11.8% month on month and by 4.2% year on year, according to the customs statistics released by the Japan Iron and Steel Federation (JISF). Regarding Japan’s major iron and steel product export markets, in January the country’s …
Rebar prices in Egypt this week ranged between EGP 32,500 – 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 …
According to the prices announced in the global steel markets, scrap prices amounted to $364/ tonne, $4 up compared to last week’s prices. and iron ore prices $103/ tonne, $6 down compared to last week’s prices. While the prices of billets ranged between 435 – 465 Dollars per tonne, while it was between 432 – …
New US tariffs on steel are expected to disrupt a massive supply chain, worth billions of dollars, that relied on rerouting Chinese steel to the United States via intermediary countries. This will increase competition in the global market and could undermine a key source of revenue for China’s struggling steel sector. Due to trade restrictions …
New US tariffs increase pressure on China’s steel exports Read More »
Ezz Steel Company announced stability in prices starting from March 1, 2025 for the Sixth consecutive month at EGP 38,200 EXW, including value-added tax. Statement including VAT Rebar 38,200 EGP 1 USD = 50.70 EGP
French President Emmanuel Macron said the European Union would impose “reciprocal tariffs” on steel and aluminium and would decide later on other products if the United States imposed 25% tariffs on European products. The French president said during a joint press conference in Porto with Portuguese Prime Minister Luis Montenegro that if the US tariffs …
Macron: EU to impose ‘reciprocal’ tariffs on steel, aluminium Read More »
Saudi Iron and Steel Company (Hadeed) has lowered its long steel prices by SAR 50 (USD 13) per ton for March deliveries. The new pricing sets rebar (12-32 mm) at SAR 2,350 (USD 626) per ton, while wire rod (6.5-16 mm) is now priced at SAR 2,320 (USD 618) per ton. The company has set …
Saudi Iron and Steel Company – Hadeed cuts rebar prices for March deliveries Read More »
French authorities announced on Monday evening that European industry ministers will hold an extraordinary meeting in Paris on Thursday to discuss ways to “ensure the continuity” of steel production in Europe after the United States imposed heavy tariffs on its steel imports. The European steel industry, which employs more than 300,000 people, is concerned after …
Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for March production will remain unchanged. The company’s price for rebar deliveries to Abu Dhabi is set at AED 2,660 (USD 724) per ton, while shipments to Dubai, Sharjah, and the Northern Emirates are priced at AED 2,668 (USD 726) per ton. …
Emirates Steel keeps rebar prices unchanged for March Read More »
Vietnam is set to impose anti-dumping duties on steel from China, joining South Korea and other countries as they grapple with surging supplies from the world’s largest producer. The Southeast Asian nation will impose temporary duties on some types of hot-rolled steel coils starting in early March, the Ministry of Industry and Trade said in …
Vietnam’s New Steel Tariffs on China Add to Market Pain Read More »
Lieutenant General Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, paid an inspection visit to Arcosteel factory in Sadat City, one of the most important factories for producing special steel bars and coils in Egypt and the Middle East.. to follow up on the progress of work and …
According to the prices announced in the global steel markets, scrap prices amounted to $360/ tonne, unchanged compared to last week’s prices. and iron ore prices $109/ tonne, $3 up compared to last week’s prices. While the prices of billets ranged between 432 – 460 Dollars per tonne, while it was between 430 – 455 …
Steel prices in the fourth week of February 2025 Read More »
The European Union estimates that the first wave of U.S. tariffs on steel and aluminum will hit up to €28 billion ($28.3 billion) worth of exports from the bloc, marking a major escalation in U.S. President Donald Trump’s trade war. The amount of goods would be roughly four times larger than the last time Trump …
EU: First wave of Trump tariffs to hit €28 billion worth of steel, aluminum exports Read More »
The US oil and gas industry has never been immune to trade policy decisions, but it is currently facing a tough test with the imposition of new tariffs on steel imports. US President Donald Trump announced a 25% tariff on steel imports, the decision included the cancellation of exemptions that mitigated the impact of previous …
El Marakby Steel has decided to upgrade its mill in collaboration with SMS Group to boost production capacity and reduce operating costs. Following a comprehensive assessment conducted by SMS Group in 2023, the annual production capacity was increased by 10%, from 400,000 tons to 460,000 tons. As industries and market demands evolve over time, SMS …
Rebar prices in Egypt this week ranged between EGP 33,000 – EGP 34,000. 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 34,500, El Komy Steel EGP …
The British government has announced plans worth billions of pounds to support the country’s steel industry and ensure its sustainability. The British “PA Media” agency reported that a review has been launched to examine long-term issues facing this sector, such as high electricity costs, unfair trade practices, and recycling scrap metal. In light of US …
To counter Trump’s tariffs, Britain allocates $3 billion to support the steel industry Read More »
Brazilian President Luiz Inacio Lula da Silva vowed on Friday to “reciprocate” in response to the 25 percent tariffs on steel imports that US President Donald Trump signed an executive order on Thursday. “There is no doubt that there will be reciprocity” from Brazil, the second-largest steel exporter to the United States after Canada, Lula …
Brazil’s Lula vows to retaliate over US steel tariffs Read More »
The European Union member states on Wednesday affirmed their unity and determination to defend the European steel and aluminium sector, after US President Donald Trump announced new tariffs imposed by the United States. The issue was discussed during a meeting of foreign trade ministers from the 27-nation bloc, according to Polish Minister Krzysztof Pasek, whose …
Engineer Saeed Ghumran Al Rumaithi, CEO of Emsteel Group, stated that the group achieved good performance in 2024, noting the group’s focus on the local market to increase its sales volume in particular, with the launch of new projects, and the group’s success in outperforming many competitors, and achieving growth in its business. Al Rumaithi …
Al Rumaithi: We cover 60% of the local market’s needs for iron products Read More »
Japan asked the United States on Wednesday to exempt it from tariffs imposed by President Donald Trump on steel and aluminum exports, a Tokyo government spokesman said. Trump signed an executive order imposing 25 percent tariffs on steel and aluminum imports starting March 12, sparking angry reactions internationally including from Canada, Mexico and the European …
Japan asks for exemption from US steel, aluminum tariffs Read More »
The new 25% tariffs imposed by US President Donald Trump on all steel and aluminum imports are raising concerns and anxiety among steel exporters around the world, especially Egypt, as the US market is the sixth largest market for Egyptian steel exports by the end of 2024. Despite the importance of the US market to …
US steel tariffs raise concerns for steel exporters in Egypt Read More »
US President Donald Trump has agreed to consider exempting Australia from steel and aluminium tariffs in light of the country’s trade surplus with the United States, following a phone call with Prime Minister Anthony Albanese. Trump sharply raised tariffs on steel and aluminium imports on Monday, eliminating exemptions and quotas for major suppliers. His decision …
Trump considers exempting Australia from steel tariffs Read More »
Rebar prices in Egypt this week ranged between EGP 33,000 – EGP 34,000. 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 34,000, El Komy Steel EGP …
The European Union and Canada have strongly condemned US President Donald Trump’s decision to impose tariffs on steel and aluminum, in a new phase of the trade war he has launched since taking office. In contrast to these firm responses, Seoul announced its intention to “protect” the interests of local companies, while Britain confirmed that …
EU, Canada denounce Trump’s decision to impose tariffs on steel and aluminum Read More »
US President Donald Trump has ordered a 25% tariff on steel and aluminum imports, stepping up his efforts to protect key US industries. The tariffs will apply to all steel and aluminum imports from the US, including from Canada and Mexico, the country’s biggest suppliers of the metals. While the new duties will cover finished …
Trump imposes 25% tariffs on steel, aluminum imports Read More »
Chinese steelmaker Yukun Iron and Steel Group succeeded in producing 145-mm-thick slabs at its new Danieli QSP-DUE plant at Yuxi, Yunnan province. Such a groundbreaking milestone was achieved by using a 152-mm funnel mould, confirming the Danieli-patented DySen caster as benchmark slab-casting technology. Increased slab thickness means improved overall strip quality thanks to a higher …
Danieli achieves new technological milestone with 145mm thick slab casting at Yukun Read More »
US President Donald Trump said he will impose additional customs duties of 25% on his country’s imports of steel and aluminum from all countries of the world. Trump said in press statements aboard the presidential helicopter yesterday, Sunday, that the new duties will be applied in addition to the existing tariff on metal imports, according …
Trump intends to impose 25% tariffs on steel and aluminum imports Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $355 / tonne, $6 up compared to last week’s prices. and iron ore prices $106/ tonne, $6 up compared to last week’s prices. While the prices of billets ranged between 430 – 445 Dollars per tonne, while it was between 430 …
Steel prices in the second week of February 2025 Read More »