US imports of HRC increased by 50.8% in May 2025 compared to April, reaching 129,667 metric tons, according to preliminary data from the US Department of Commerce. Despite the monthly rise, this figure reflects a 10.9% year-on-year decline from May 2024. The value of HRC imports reached $91.7 million in May, up from $62.7 million …
According to the prices announced in the global steel markets, scrap prices amounted to $347/ tonne,$2 up compared to to last week’s prices. and iron ore prices $102/ tonne, $1cup compared to to last week’s prices. While the prices of billets ranged between 430 – 455 Dollars per tonne, while it was between 430 – …
Egypt’s iron and steel exports declined by 15% during the first five months of 2025, recording approximately $801 million, compared to $938 million in the same period last year, according to data from the General Organization for Export and Import Control. The data showed a significant decline in exports to the US and Turkish markets, …
Egypt’s iron and steel exports decline by 15% in 5 months Read More »
Prime Minister Mark Carney unveiled a sweeping industrial strategy aimed at reinforcing Canada’s steel sector, as the country grapples with U.S. tariffs and surging global steel distortions. The measures are designed to curb harmful trade diversion, strengthen domestic supply chains, and prepare Canadian producers for deep shifts in global steel markets. Canada is among the …
Canada introduces new tariffs, investment plan to support steel industry Read More »
In the January-June period this year, China’s finished steel exports amounted to 58.147 million mt, up 9.2% year on year, according to the latest data released by China’s General Administration of Customs (GACC). If the current monthly export volumes continue until the end of the year, total finished steel exports from China in 2025 may …
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 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 …
The Indian Finance Ministry announced that New Delhi is considering a proposal to impose tariffs in response to the US tariffs on steel and aluminum imports, under World Trade Organization rules. India informed the WTO that the tariffs imposed by the Trump administration have hurt Indian exports by $7.6 billion, indicating that the tariffs it …
India reviews plans to impose tariffs in response to US measures on steel and aluminum Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $347/ tonne,$2 up compared to to last week’s prices. and iron ore prices $101/ tonne, $3 up compared to to last week’s prices. While the prices of billets ranged between 430 – 450 Dollars per tonne, while it was between 430 …
Steel prices in Dubai recorded a significant decline during the first quarter of this year, while some other building materials saw slight increases, reflecting the variability in the local construction market, according to data from the Dubai Statistics Center, part of Digital Dubai. 📉 Decline in Rebar Prices The price of a ton of twisted …
German Chancellor Friedrich Merz expressed his commitment to preserving the German steel industry and expressed his willingness to consider holding a so-called “steel summit” between the government and representatives of this industrial sector. During a government question session in parliament, Merz said on Wednesday: “I do not want to see Germany dependent on steel imports …
Germany Seeks to Develop Steel Industry and End Foreign Dependence Read More »
Brazil’s government launched an anti-dumping (AD) investigation on hot-rolled stainless steel flat products from China, India, and Indonesia, following an application filed by Aperam Inox América do Sul S.A. in October last year. After a preliminary analysis of the documents submitted, the Secretariat of Foreign Trade (SECEX) concluded that there was sufficient evidence to demonstrate …
Vietnam has imposed final anti-dumping duties of up to 27.83% on certain imported rolled steel from China, following the expiration of the provisional duties imposed earlier this year. The Ministry of Industry and Trade announced that the new duties took effect on July 6 and will remain in effect for five years. This measure follows …
Vietnam Imposes Hefty Anti-Dumping Tariffs on Chinese Steel Imports 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 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 …
For CELSA Barcelona’s medium section mill, located in Castellbisbal, Spain, SMS group has successfully upgraded the process automation system, executing the project without interrupting ongoing production. The upgrade, culminating in the awarding of the final acceptance certificate (FAC), involved a crucial overhaul of the automation systems to maintain the mill’s competitive edge and improve its …
SMS group upgrades CELSA Barcelona’s medium section mill with new process automation Read More »
In May this year, Turkey’s hot rolled coil (HRC) exports amounted to 293,911 metric tons, up by 1.8% compared to April and by 45.7% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $172.10 million, decreasing by 0.3% compared to the …
Turkey’s HRC exports increase by 52% in January-May 2025 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $345/ tonne, unchanged compared to last week’s prices. and iron ore prices $98/ tonne, $1 up compared to to last week’s prices While the prices of billets ranged between 430 – 455 Dollars per tonne, while it was between 435 – …
The South African International Trade Commission (ITAC) has decided to impose a provisional tariff of 52.3% on imports of corrosion-resistant steel coils. The commission stated that the purpose of imposing the tariffs is to prevent further damage to the South African domestic market. The commission explained that the provisional tariffs are a short-term emergency measure …
South Africa Imposes Tariffs on Steel Coil Imports Read More »
The Libyan Iron and Steel Company signed a partnership agreement with the German company SMS for Metal Manufacturing. This agreement aims to increase production capacity, reduce breakdowns, lower costs, and improve product quality. The agreement was signed on behalf of the company by the Chairman of the Board of Directors, Dr. Mohamed Abdelmalik Al-Faqih, and …
The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for July deliveries. The company’s rebar prices have been reduced by SAR 100 (USD 27) per ton, bringing the new rate to SAR 2,130 (USD 566) per ton. Wire rod (6.5-16 mm) saw a smaller reduction of SAR 30 (USD 8) per …
Saudi Iron and Steel Company (Hadeed) announces a decrease in long steel prices for July Read More »
China announced on June 30, 2025, that it will extend anti-dumping (AD) duties on imported stainless steel billets and hot-rolled stainless steel plates/coils from the EU, the UK, South Korea, and Indonesia for another five years, starting July 1, 2025. The AD duty rates remain consistent with previous rulings. Companies from the EU and the …
China extends stainless steel AD duties on EU & 3 countries Read More »
Brazil has announced a significant reduction in annual import quotas for 13 types of steel products, a move that could raise the possibility of imposing tariffs a 25% on these products. According to the Ministry of Development, Industry, Trade and Services, the government has decided to reduce the permitted steel import quota by approximately 250,000 …
Brazil Reduces Annual Steel Import Quotas, Considers Imposing Safeguard Tariffs Read More »
Rebar prices in Egypt this week ranged between EGP 32,200 – 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 …
Ezz Steel Company announced stability in prices starting from July 1, 2025 for the ninth consecutive month at EGP 38,200 EXW, including value-added tax. Statement including VAT Rebar 38,200 EGP 1 USD = 49.65 EGP
Data from the UAE’s construction market shows a 6.5% decline in rebar prices since the beginning of 2025. The price fell from $722.26 per ton (approximately AED 2,652) in January to $675 (approximately AED 2,478) per ton during the period from February to June, based on ex-works terms, excluding value-added tax and transportation and handling …
Rebar prices in the UAE have declined by 6.5% since the start of 2025 Read More »
Preliminary data from the US Census Bureau, part of the US Department of Commerce (USDOC), revealed that US rebar imports totaled approximately 55,000 tons in April, a 36% drop compared to the previous month and a 54% decline from the same month of the previous year. Among them, Algeria accounted for the largest share of …
The Government of Canada announced the implementation of tariff quotas on steel product imports from non-FTA partners, effective June 27, 2025. This measure will help stabilize the Canadian steel market. These measures aim to protect the domestic market from the influx of low-priced products that could harm domestic industry. 50% Surcharge on Exceeding Quotas Under …
According to the prices announced in the global steel markets, scrap prices amounted to $345/ tonne, $3 up compared to to last week’s prices. and iron ore prices $97/ tonne, $1 up compared to to last week’s prices While the prices of billets ranged between 435 – 460 Dollars per tonne, while it was between …
Rebar prices in Egypt this week ranged between EGP 33,700 – 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 …
According to preliminary census data from the US Department of Commerce, showed a significant decline in US imports of hot-rolled coils (HRC) in April 2025. Imports totaled 85,971 mt , a 28.6% decrease compared to March and a 53.5% decrease compared to the same month in 2024. The total value of these imports also decreased …
US Rolled Steel Coil Imports and Exports Decline in April Read More »
Global stainless steel production increased by 6.2% in the period from January to March 2025 compared to the same period in 2024, reaching 15.55 million tons. However, this production decreased by 6.2% compared to the fourth quarter of 2024, according to data from the World Stainless Steel Organization. In Europe, including Ukraine, stainless steel production …
Global stainless steel production increased by 6.2% in Q1 of 2025 Read More »