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El Marakby Steel invests $23 million in new expansion projects

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El Marakby Steel Group has announced plans to inject new investments estimated at $23 million over the coming year, aiming to develop higher value-added finished products and deepen local manufacturing within its facilities. The announcement was made by Hassan El-Marakby, the company’s CEO and Managing Director, in an interview with Eram Business on the sidelines …

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Ashry Steel Seeks to Increase Exports and Strengthen the Presence of Egyptian Products in Global Markets

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Ayman El Ashry, Chairman of Ashry Steel, affirmed during his participation in the Middle East Iron & Steel Conference that this event serves as an important platform to enhance the presence of the Egyptian steel industry in global markets. He noted that local products possess the capability and quality to compete with major international manufacturers, …

Ashry Steel Seeks to Increase Exports and Strengthen the Presence of Egyptian Products in Global Markets Read More »

UK Mulls Options to Retaliate Against European Steel Tariffs

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The UK government is preparing a package of retaliatory measures to counter the European Union’s proposed increases in tariffs on steel imports, should efforts to reach an agreement that mitigates their impact fail. According to sources cited by Bloomberg, London is considering escalating actions after domestic manufacturers warned that the EU’s plans could trigger the …

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Rebar Prices Decline in Egypt

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Rebar prices in Egypt saw notable changes during the third week of November, as producing companies announced their updated price lists, which came as follows: Ezz Steel set its price at EGP 34,200 per ton, marking a decrease of EGP 4,000 compared to last week, while Al-Suez Steel posted a price of EGP 33,700, down …

Rebar Prices Decline in Egypt Read More »

Australia Continues to Impose AD Duties on Rebar Imports from South Korea and Spain

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Australia’s Anti-Dumping Commission has announced the results of its review of the anti-dumping duties imposed on rebar imports from South Korea and Spain, which were scheduled to expire on November 19, 2025, according to SteelOrbis. The review was initiated following an application submitted by the local producer InfraBuild, and it covered the period from October …

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Turkey Exports More Than 16 Million Tons of Steel in January–October

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Turkey’s steel exports rose during the period from January to October 2025 to reach 16.04 million tons, an increase of 9.5% compared to the same period in 2024, according to data from the Steel Exporters Association. Rebar topped the sector’s export list with a total of 3.27 million tons, recording annual growth of 18.1%. Hot-rolled …

Turkey Exports More Than 16 Million Tons of Steel in January–October Read More »

Ezz Steel reduces rebar prices by EGP 4,000 per ton

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Ezz Steel has announced a reduction in rebar prices starting November 16, 2025, by EGP 4,000 per ton, bringing the new price down to EGP 34,200 ex-works, after more than a year of price stability. Statement including VAT Rebar 34,200 EGP Inclusive of value-added tax (VAT). 1 USD = 47.01 EGP

China’s crude steel output drops to lowest level in October at 72 million mt

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China recorded a significant decline in the production of pig iron, crude steel, and finished steel products in October, with output reaching 65.55 million mt, 72 million mt, and 118.64 million mt respectively. These decreases represent year-on-year drops of 7.9%, 12.1%, and 0.9%, in addition to month-on-month declines ranging between 0.76% and 4.5%, according to …

China’s crude steel output drops to lowest level in October at 72 million mt Read More »

Ukraine’s Steel Exports Drop by 9.9% in January – October 2025

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Ukraine’s steel exports saw a notable decline in the first ten months of 2025, falling by 9.9% to 3.68 million tons, according to data released by the Ukrainian Steel Association. Total steel production in the same period reached 5.38 million tons, compared to 5.26 million tons in the previous year, while the local market consumed …

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Turkey’s HRC Exports Rise 24.7% in January–September 2025

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Turkey’s exports of HRC recorded a notable increase in September 2025, reaching 299,765 mt, up 14.1% compared to August and 32.6% year-on-year, according to preliminary data from the Turkish Statistical Institute (TUIK). The total export value for the month amounted to $167.48 million, marking an 18.5% rise from the previous month and a 13.5% increase …

Turkey’s HRC Exports Rise 24.7% in January–September 2025 Read More »

Egypt: El Marakby Steel and Danieli Sign Agreement for High-Efficiency Reheating Furnace

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El Marakby Steel (MKM) has commissioned Danieli Centro Combustion India to supply a new 60-ton-per-hour (tph) Pusher reheating furnace for its rolling mill in the 6th of October Industrial Zone in Egypt. The new furnace aims to enhance thermal performance and improve billet temperature consistency, thereby enhancing the rolling mill’s performance. It will incorporate patented …

Egypt: El Marakby Steel and Danieli Sign Agreement for High-Efficiency Reheating Furnace Read More »

China’s Steel Exports Shift Toward the Middle East Amid Rising Trade Restrictions

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Chinese steelmakers continue to flood global markets with record export volumes, driven by strong demand from Southeast Asia and expanding new markets in the Middle East, despite escalating global protectionism. Saudi Arabia has emerged as a key new destination in 2025, with imports of Chinese steel rising 41% during the first nine months of the …

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Turkey’s exports of wire rods fell by 2.8% in January – September 2025

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In September 2025, Turkey exported approximately 91,299 tons of wire rods, marking an increase of 112.2% compared to August, but a decline of 23.7% year-on-year. The export value for the same month reached $50.77 million, up 108.1% from the previous month, yet down 29.1% compared to the same period last year. During the first nine …

Turkey’s exports of wire rods fell by 2.8% in January – September 2025 Read More »

China’s Steel Exports Rise 6.6% in January–October 2025

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According to data from the China Iron and Steel Association (CISA) citing the Customs Service, China’s steel exports grew by 6.6% year-on-year in the first ten months of 2025, reaching 97.74 million tons. In October alone, Chinese steel producers exported 9.78 million tons, marking a 6.5% decline from September. The average export price stood at …

China’s Steel Exports Rise 6.6% in January–October 2025 Read More »

German Chancellor Backs EU Plan to Protect Steel Industry from Chinese Imports

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German Chancellor Friedrich Merz on Thursday voiced his country’s support for European Union proposals to raise tariffs on imported steel, as the bloc struggles with an influx of cheap imports, particularly from China. Following meetings with senior figures in the steel industry in Berlin, Merz said: “These proposals are a step in the right direction.” …

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Japanese Trading Houses Brace for Struggles Amid China’s Steel Glut

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Japan’s major trading companies are facing a prolonged slump in iron ore and coking coal prices, as surging Chinese steel exports flood Asian and global markets, weighing on profits for at least the next six months. Executives at Mitsubishi Corp. and Itochu Corp. said the oversupply is likely to persist through the end of the …

Japanese Trading Houses Brace for Struggles Amid China’s Steel Glut Read More »

Turkey increased steel exports by 12.1% in January-September 2025

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In September 2025, Turkey recorded a 7.6% year-on-year increase in steel product exports, reaching 1.4 million tons, according to data from the Turkish Steel Producers Association (TCUD). Despite the rise in volume, the export value slightly declined by 0.2%, amounting to $900.5 million. Over the first nine months of 2025 (January September), Turkey maintained strong …

Turkey increased steel exports by 12.1% in January-September 2025 Read More »

Japan’s steel exports decline by 4.3% in in January-September 2025

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According to a report issued by the Japan Iron and Steel Federation (JISF), based on customs data, Japan’s exports of iron and steel products reached 2.50 million metric tons in September 2025, marking a slight increase of 1.5% compared to August, but a year-on-year decline of 4.8%. During the January–September 2025 period, Japan’s steel exports …

Japan’s steel exports decline by 4.3% in in January-September 2025 Read More »

Turkish Steel Producers Maintain Prices Despite Weak Demand

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Turkish rebar producers have kept their export prices unchanged from last week, despite persistently weak demand in foreign markets. According to recent data, Turkish mills’ export offers on Thursday stood at $550–555 per tonne fob Türkiye for rebar and $555–565 per tonne fob for mesh-quality wire rod, remaining at the same levels as the previous …

Turkish Steel Producers Maintain Prices Despite Weak Demand Read More »

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