According to the prices announced in the global steel markets, scrap prices amounted to $342/ tonne, $2 up compared to to last week’s prices. and iron ore prices $96/ tonne, $1 down compared to to last week’s prices While the prices of billets ranged between 435 – 460 Dollars per tonne, while it was between …
China’s National Bureau of Statistics (NBS) showed varying levels of production of various steel products in the period from January to May 2025. Long steel products declined, while flat steel production increased. In May alone, China produced: Rebar: 16.884 million tons (down 6% year-on-year) wire rod: 12.016 million tons (down 1.2%) Welded pipe: 5.463 million …
Variations in China’s Steel Product Output from January to May 2025 Read More »
Canada has threatened to escalate its tariff action against the United States, announcing that it is considering imposing additional tariffs on US steel and aluminum imports starting next month, amid stalled trade talks between the two countries. The United States currently imposes 50% tariffs on foreign steel and aluminum imports, while Canada retaliates with 25% …
Canada Threatens to Impose Tariffs on US Steel and Aluminum Imports Read More »
German iron and steel exports to the United States registered a slight decline as a result of new US tariffs, according to the Federal Statistical Office. Iron and steel exports fell 0.4% year-on-year during the period from January to the end of April, reaching approximately €1.3 billion. The United States began imposing additional tariffs of …
US Tariffs Restrict German Iron and Steel Exports to the US Market Read More »
thyssenkrupp Steel has contracted Primetals Technologies to modernize the slab sizing press at its hot-strip mill No. 2 in Duisburg, Germany. Previously, Primetals Technologies had successfully upgraded its hot-strip mill No. 4. The overhaul includes a full upgrade of the electrical and drive systems, with a new cycloconverter for the main press motor and low-voltage …
thyssenkrupp Steel selects Primetals for hot-strip mill modernization Read More »
In April 2025 alone, Turkey’s HRC imports totaled 228,297 tons, a sharp YoY drop of nearly 40%. HRC imports were also down 24% as compared to previous month, According to data from the Turkish Statistical Institute (TUIK). Turkey imported 1.07 million tons of HRC in the first four months of 2025, marking a 28% decline …
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 the prices announced in the global steel markets, scrap prices amounted to $340/ tonne, unchanged compared to last week’s prices. and iron ore prices $96/ tonne, $1 down compared to to last week’s prices While the prices of billets ranged between 430 – 455 Dollars per tonne, while it was between 430– 455 …
On June 24, the US Trade Commission will begin investigating a complaint filed by major US steel producers seeking anti-dumping duties on rebar imports from producers in four countries, including Egypt and Algeria. This complaint threatens both countries with millions of dollars in losses. Major US steel producers have filed a complaint against some steel …
China’s steel exports rose 9.9% year-on-year in May 2025, to 0.58 million tons, and 1.1% compared to April, according to data from the General Administration of Customs, cited by Reuters. This is the highest figure in seven months and the third consecutive month that exports have exceeded 10 million tons. Analysts attribute this growth to …
US and Mexico are nearing a deal that would remove U.S. President Donald Trump’s 50% tariff on steel imports up to a certain amount, according to people familiar with the matter. This would be a modification of a similar agreement between the two trading partners during Trump’s first term. Trump has not been directly involved …
US and Mexico are nearing a deal to ease steel tariffs Read More »
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 …
In April this year, Turkey’s wire rod exports amounted to 47,983 metric tons, down by 74.1% compared to March and up by 17.2% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $28.69 million, decreasing by 73.4% compared to the previous …
Turkey’s wire rod exports down 13.6% in January-April Read More »
Steel imports into the European Union declined in the first quarter of 2025, although volumes remain historically high. According to the European Steel Association (EUROFER), total imports—including semi-finished products—fell by 9% year-on-year. Meanwhile, imports of finished steel products decreased by only 1% compared to the same period in 2024. The trend varied across product categories. …
In April this year, Turkey’s hot rolled coil (HRC) exports amounted to 290,626 metric tons, down by 12.3% compared to March and up by 66.6% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $173.70 million, decreasing by 7.7% compared to …
According to the prices announced in the global steel markets, scrap prices amounted to $340/ tonne,$3 down compared to to last week’s prices. and iron ore prices $97/ tonne, unchanged compared to last week’s prices. While the prices of billets ranged between 430 – 455 Dollars per tonne, while it was between 430– 455 dollars …
Danieli has announced that Emsteel, a manufacturer of heavy beams and sheet piles, has selected Danieli to develop the Thermo-Mechanical Control Process (TMCP) system at its Rolling Mill No. 4 in Abu Dhabi. Emsteel is the only producer of such heavy products in the MENA region. Through this project, Emsteel intends to expand its product …
EMSTEEL to produce high-strength beams with TMCP in partnership with Danieli Read More »
US tariffs have returned to the spotlight in Europe, with US President Donald Trump’s decision to impose a 50% tariff on steel and aluminum imports to the United States, up from 25%. The decision was part of an executive order signed by Trump on Tuesday, declaring that this step aims to protect American industry from …
Trump’s steel tariffs take effect… and Britain is temporarily exempted. Read More »
US President Donald Trump’s announcement that he would double tariffs on steel and aluminum imports to 50% has sparked widespread concern in Canada, the largest steel supplier to the US market. The Canadian Steel Producers Association described the decision as “catastrophic,” warning of the potential loss of thousands of jobs and significant disruption to supply …
Canada warns of economic crisis due to Trump’s doubling of steel tariffs Read More »
The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for June deliveries. The company’s rebar prices have been reduced by SAR 50 (USD 13) per ton, bringing the new rate to SAR 2,230 (USD 594) per ton. In contrast, wire rod prices remain unchanged. Hadeed’s wire rod (6.5-16 mm) continues to …
Saudi Iron and Steel Company (Hadeed) Announces Rebar Prices for June Read More »
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 …
The Korean government held an emergency meeting with major domestic steelmakers today to discuss the impact of the US plan to double its tariffs on all steel imports to 50% later this week, Yonhap News Agency reported. The meeting, hosted by the Ministry of Trade, Industry and Energy, was attended by officials from POSCO Group, …
Korean government holds emergency meeting to address planned US steel tariff increase Read More »
The Indian government is considering raising the safeguard duty on steel to 24% from the existing 12% due to concerns about potential circumvention by Chinese companies and the impact on domestic steelmakers. This move comes amid fears of trade diversion as Chinese goods face increased levies in other markets. “We have received complaints from Chinese …
India mulls doubling safeguard duty on steel from 12% to 24% Read More »
The European Commission expressed “deep regret” on Saturday over US President Donald Trump’s announcement that he intends to raise tariffs on steel imports to 50 percent, warning that the EU is prepared to impose countermeasures. Trump announced on Friday his intention to double tariffs on steel and aluminum imports from 25 to 50 percent, increasing …
EU denounces US steel tariff hike, threatens countermeasures Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $343/ tonne,$4 down compared to to last week’s prices. and iron ore prices $97/ tonne, $2 down compared to last week’s prices. While the prices of billets ranged between 430 – 455 Dollars per tonne, while it was between 420– 455 …
US President Donald Trump said on Friday he intends to increase tariffs on foreign steel imports from 25% to 50%, increasing pressure on global steel producers and threatening to expand his trade war. “We’re going to increase it by 25%,” Trump said during a rally in Pennsylvania. “We’re going to increase the tariffs on steel …
Trump says he plans to double steel tariffs to 50% Read More »
Habaş A.S., located near Izmir, Turkey, continues its stride towards modernization and expansion. Following the project start of the pickling line/tandem cold mill (PLTCM) in October 2021, Habaş progressed with the next phase of their partnership with SMS group in April 2023 when the second part of the contract package came into force and marking …
SMS Group Announces Integrated Testing of Habaş’s Cold Rolling and Processing Complex Read More »
Minister of Industry, Saifi Ghrib, received a high-level Qatari delegation on Wednesday, headed by Khalid Al-Obaidli, Chairman of Qatar Steel International and the main shareholder in the Algerian-Qatari Steel project. The two sides discussed ways to strengthen bilateral cooperation, according to a ministry statement. The meeting, attended by ministry officials, comes within the framework of …
Continuing its pioneering path in the iron and steel industry, and affirming its ongoing commitment to the highest international quality standards, Algerian Qatari Steel Company (AQS) has obtained a certification for rebar in accordance with the technical requirements of the Kingdom of the Netherlands, issued by KIWA Netherlands. This accolade is the result of a …
Algerian Qatari Steel Obtains European Certification for Rebar from KIWA Netherlands Read More »
Emirates Steel, a subsidiary of the Amsteel Group, announced that rebar prices for June production will remain unchanged for the fifth consecutive month. The company maintained the rebar price at AED 2,660 ($724) per ton for shipments to Abu Dhabi. For shipments to Dubai, Sharjah, and the Northern Emirates, the price is AED 2,668 ($726). …
Emirates Steel Maintains Rebar Prices for June 2025 Read More »