Rebar prices in Saudi Arabia recorded a slight increase in the first half of 2025 compared to the same period last year. The rise was supported by continued demand for construction materials and infrastructure projects, before showing the first monthly decline in June. In January 2025, the average price per ton reached SAR 2,962 compared …
Rise in Rebar Prices in Saudi Arabia in H1 of 2025 Read More »
Global steel markets witnessed relative stability in most product prices on August 23, 2025, with only slight movements in some categories. Prices of scrap (HS1&2 mix 80:20) imported from the United States to Turkey increased by $1, reaching $348 per ton CFR. In contrast, iron ore (62%) imported from Australia declined by $1, settling at …
Steel Product Prices Stable in the Fourth Week of August Read More »
South Korea’s Ministry of Economy and Finance announced a proposal to impose 21.62% anti-dumping duties on imports of stainless steel plates from China for a period of five years. The measure covers products under several HS codes, excluding hot-rolled coils, black plates produced by hot-rolling stainless steel slabs, products with a thickness of 8 mm …
South Korea Moves to Impose 5-Year Anti-Dumping Duties on Chinese Stainless Steel Plates Read More »
China recorded a significant increase in rebar exports in the period from January to July 2025, rising by 52.4% year-on-year to reach 10.62 million mt, while exports of wire rod amounted to 1.69 million mt, up 10.5%, according to data from Chinese customs authorities. In the same context, exports of angles and channels totaled 4.37 …
China’s Rebar Exports Rise 52.4% in January–July 2025 Read More »
Rebar prices in the Egyptian market recorded relative stability, with prices this week ranging between EGP 31,500 and EGP 38,200 per ton. The price of a ton at Ezz Steel reached around EGP 38,200, while Egyptian Steel recorded EGP 38,000 per ton, and Beshay Steel stood at EGP 37,500. Meanwhile, El Marakby Steel posted EGP …
Preliminary data from the U.S. Department of Commerce’s Census Bureau showed that U.S. steel imports fell by 9.3% month-on-month in June 2025, while rising 4.6% year-on-year to reach 2.05 million mt. The value of U.S. steel imports in June stood at $2.13 billion, compared to $2.39 billion in May and $2.42 billion in June last …
Global iron and steel markets witnessed relative price stability in the third week of August 2025. Imported scrap to Turkey from the United States remained unchanged at $347 per ton CFR, while Australian iron ore (62%) also held steady at $102 per ton CFR. In the billet segment, Russian billet prices stood stable at $445–435 …
Global Steel Product Prices Stable in the Third Week of August Read More »
The U.S. Department of Commerce has announced an expansion of the 50% tariff imposed on steel and aluminum imports to include hundreds of additional derivative products, according to Reuters. In a notice published in the Federal Register, the department explained that the Bureau of Industry and Security added 407 new tariff codes to the U.S. …
U.S. Department of Commerce Expands Tariff List on Steel and Aluminum Products Read More »
U.S. President Donald Trump on Friday reaffirmed his intention to impose tariffs on steel imports and semiconductor chips in the coming weeks, as part of efforts to boost domestic manufacturing. Speaking to reporters aboard Air Force One en route to Alaska for a meeting with Russian President Vladimir Putin, Trump said he would announce the …
Trump Reaffirms Plans to Impose Tariffs on Steel and Semiconductor Chips Read More »
China’s crude steel production dropped below 80 million mt in July for the first time this year, down 3.1% year-on-year for the January–July period. According to data from the National Bureau of Statistics of China, July output reached 70.80 million mt of pig iron, 79.66 million mt of crude steel, and 122.95 million mt of …
China’s Crude Steel Output Falls Below 80 Million mt in July Read More »
Emsteel has been awarded the ResponsibleSteel™ certification for its accredited steel production plants, marking a significant milestone in advancing sustainable steelmaking practices in line with the highest standards of transparency and carbon emissions reduction, and in accordance with leading global benchmarks. The certification was granted following a comprehensive audit conducted by CARES, a globally recognized …
Emsteel Becomes First Middle Eastern Company to Attain ResponsibleSteel™ Certification Read More »
India plans to impose stricter standards for granting advance authorisations on steel imports, aiming to limit the influx of large volumes of substandard inputs into the domestic market. According to the Economic Times, citing informed officials, there have been instances of steel being sold in the local market that does not meet the Bureau of …
India Moves to Tighten Rules to Curb Substandard Steel Imports Read More »
The global markets for raw materials and steel products witnessed notable price fluctuations in the second week of August 2025, driven by mixed supply and demand indicators and the impact of regional economic and trade factors. Scrap (mix 80:20) prices remained stable at $347 per ton CFR Turkey, ex-USA, recording a slight increase of $1 …
Steel Prices Fluctuate in the Second Week of August Amid Supply and Demand Volatility Read More »
Qatar Steel, the steel division of Industries Qatar, delivered a strong operational performance in the first half of 2025, with both revenue and production increasing, driven by higher sales volumes and the restart of key production facilities. However, lower prices and a high comparison base weighed on net profit.
Reuters reported that global mining company Rio Tinto has raised concerns about the feasibility of developing the green steel industry in Australia, pointing to the lack of sufficient economic incentives to support efforts to decarbonize steel production. The company explained that implementing such projects in Australia faces significant challenges, most notably the high construction costs, …
Rio Tinto Expresses Doubts About the Future of Green Steel in Australia Read More »
The Libyan Iron and Steel Company announced outstanding production and marketing performance in the first half of 2025, surpassing its targets in several product categories for the period from January 1 to June 30, 2025, according to the company’s report. Production The report showed that production of Direct Reduced Iron (DRI) reached 557,671 tons, exceeding …
Turkey’s rebar exports recorded a significant increase in the first half of 2025, rising by 28.2% compared to the same period last year, reaching 2.02 million mt, according to data from the Turkish Statistical Institute (TUIK). The total value of these exports reached USD 1.1 billion, marking a year-on-year increase of 20.4%. In June alone, …
Turkey’s Rebar Exports Rise by 28.2% in the First Half of 2025 Read More »
German Finance Minister Lars Klingbeil on Monday called for the inclusion of a quota system on steel exports as part of the ongoing trade agreement negotiations between the European Union and the United States, during his official visit to Washington, where he is scheduled to meet with U.S. Treasury Secretary Scott Bessent. In a radio …
German Finance Minister Calls for Steel Export Quotas During Visit to Washington 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 37,500, El Marakby Steel EGP 35,900, Egyptian Steel EGP 38,000, Ashry Steel EGP 32,100. Garhy Steel EGP 35,500, Misr Steel EGP 31,600, El Komy Steel EGP …
Global steel and iron product prices showed relative stability during the week ending August 2, 2025, while some raw materials and semi-finished products experienced minor fluctuations. Steel scrap (HMS 1&2 mix 80:20) imported to Turkey from the USA remained unchanged at $346/ton CFR. On the other hand, iron ore (62%) from Australia continued its decline, …
Global steel prices remain largely Stable in the first week of August Read More »
Japan’s exports of iron and steel products declined by 2.8% in the first half of 2025, totaling 15.26 million mt, compared to the same period last year, according to data from the Japan Iron and Steel Federation (JISF). In June 2025, Japan’s iron and steel exports reached 2.52 million mt, marking a slight 0.2% decrease …
Despite Japan’s H1 Export Decline, HRC Shipments Surpass 5.5 Million mt Read More »
Emsteel announced a net profit of AED 188 million for the first half of 2025, marking a 7.7% increase compared to AED 174.5 million during the same period in 2024. Revenue rose by 9% to reach AED 4.3 billion, up from AED 3.956 billion in the first half of the previous year. This growth was …
Emsteel Reports AED 188 Million in First-Half Profit, a 7.7% Increase Read More »
The European Commission has announced a reduction in the anti-dumping duty on hot-rolled steel imports from Egypt to a final rate of 11.7% for a five-year period, down from the provisional rate of 12.8%, according to a document released by the Vietnamese Ministry of Industry—one of the countries also subject to the duties. According to …
EU Decides to Reduce Anti-Dumping Duty on Egyptian Steel Imports to 11.7% Read More »
France and ten other European Union member states have called on Brussels to introduce new measures to protect the steel industry, as negotiations continue over export quotas allowed into the U.S. market. In a document published on Monday, the eleven countries — including Spain and Poland — stated that the European Commission should consider imposing …
European Calls to Impose 50% Tariffs on Steel Imports Read More »
Global steel product prices saw a general upward trend during the fourth week of July 2025, driven by improved demand and reduced supply in key markets. Key Price Movements: Iron scrap (80:20 mix) imported from the United States to Turkey registered a slight decrease of $1, settling at $346 per tonne CFR. Iron ore (62%) …
Global Steel Product Prices Rise in the Fourth Week of July 2025 Read More »
Saudi Iron and Steel Company (Hadeed) has announced its long product prices for August 2025, maintaining stability compared to the previous month. According to the new pricing, the company has kept the price of rebar (12 to 32 mm diameters) at SAR 2,130 per ton (approximately USD 566), while the price of wire rod (6.5 …
“Hadeed” Announces Long Steel Product Prices for August 2025 Read More »
The Algerian Ministry of Industry announced the signing of several partnership agreements between Algeria and Italy in the presence of the CEOs of the relevant institutions. Four major industrial agreements were signed under the supervision of the Ministry of Industry. Among these agreements was an agreement between the National Steel Company (SNS) and the Italian …
US steel companies raised their product prices during the second quarter of 2025, following the Trump administration’s decision to double tariffs on steel imports from 25% to 50%, according to a report from The New York Times. The report, published Tuesday, stated that the average price per ton for Steel Dynamics was $1,134 in the …
Amid the usual seasonal slowdown during the summer, the UAE’s rebar market has maintained relative strength, prompting Emirates Steel, the country’s leading steel producer, to keep its prices unchanged for August. The price fixing, which was anticipated by many market participants, reflects the company’s strategic approach to maintaining demand levels and protecting its market share …
Emirates Steel maintains rebar prices for August 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 37,500, El Marakby Steel EGP 36,300, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 33,000, El Komy Steel EGP …