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 January-April 2025, the Ukrainian long products market showed a significant increase in imports, up 81.1% year-on-year – to 70.78 thousand tons. This is evidenced by GMK Center’s calculations based on the State Customs Service data. Angles, shaped and special profiles (HS 7216) accounted for the bulk of supplies, amounting to 31.11 thousand tons, up …
Ukraine increased imports of long products by 81.1% in Jan.-Apr. 2025 Read More »
According to preliminary census data from the US Department of Commerce, US imports of rebar totaled 85,753 mt in February this year, up 85.9% month on month and down 11.5% year on year. By value, rebar imports totaled $52.3 million in March this year, compared to $30.8 million in February and $59.7 million in March …
The rebar market in Saudi Arabia witnessed a slight increase in prices during the period January-April 2025, recording a 2.3% increase compared to the same period last year, according to data from the General Authority for Statistics. According to the official report, the average price per ton of rebar during the months of January-April of …
Saudi Arabia: Rebar Prices Increase by 2.3% in January-April 2025 Read More »
India’s steel exports increased by 11.7% year-on-year – to 725.54 thousand tons in April this year. Compared to March, these volumes decreased by 2.7%, according to BigMint. In April, the country reduced supplies to the United States and Saudi Arabia, but increased exports to the EU, reaching a 13-month high of more than 358 thousand …
India increased steel exports by 12% y/y in April Read More »
Aldar Group has announced that it will become the first real estate developer in the Middle East and North Africa (MENA) region to use rebar manufactured using green hydrogen in a development project. The rebar, which will be locally sourced from Emsteel Group, one of the largest listed steel and building materials companies in the …
Aldar and Emsteel Collaborate to Promote Sustainable Steel Use Read More »
In the January-April period this year, China’s exports of steel bars totaled 5.71 million mt, up 48.1% year on year, while wire rod exports amounted to 940,000 mt, up 10.8% year on year, according to the Chinese customs authorities. At the same time, China’s export volumes of angles/channels came to 2.22 million mt in the …
China’s steel bar exports increase by 48.1% in January-April 2025 Read More »
According to preliminary census data from the US Department of Commerce, US monthly steel imports in March this year were up 11.6% from February and down 0.6% year on year to total 2,271,358 metric tons. In terms of value, US steel imports in March totaled $2.61 billion, compared to $2.30 billion in February and $2.77 …
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 $347/ tonne, $7 up compared to last week’s prices. and iron ore prices $101/ tonne, $3 up compared to last week’s prices. While the prices of billets ranged between 420 – 455 Dollars per tonne, while it was between 420– 450 …
Emsteel recorded a net profit after tax of AED 86.3 million in the first quarter, a decrease of 32.6% compared to AED 128.2 million. As of March 31, 2025, the group maintained strong liquidity, with available cash of AED 881 million, compared to AED 823 million as of December 31, 2024. The group’s operations performed …
Emsteel’s profits reach AED 86.3 million in the first quarter of 2025 Read More »
Al Gioshy Steel Group has concluded several new export deals to the Libyan and Sudanese markets, totaling more than 50,000 tons of rebar, as part of the implementation of reconstruction plans for both countries. Engineer Islam Al Gioshy, CEO of the group, stated that Al Gioshy Steel factories currently allocate approximately 20% of their production …
Indian steelmaker Tata Steel increased steel production in India by 4.3% y/y – to 21.7 million tons in FY2024/2025 (ended March 31, 2025). The figure is the highest in the company’s history. This is stated in the company’s financial report. Consolidated steel production in the period increased by 3.3% y/y – to 30.9 million tons. …
Tata Steel increased steel production in India by 4% y/y in FY2024/2025 Read More »
National Iron and Steel Company (Watani Steel) recorded a 41.53% decline in net profits in the first quarter of 2025, compared to the same quarter of 2024. The company’s results revealed a decline in net profits to SAR 2.87 million in the first quarter of this year, compared to profits of SAR 4.91 million for …
Watani Steel’s profits decline by 41.53% in Q1 of 2025 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 38,200, 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, $10 up compared to last week’s prices. and iron ore prices $98/ tonne, unchanged from last week’s prices. While the prices of billets ranged between 420 – 450 Dollars per tonne, while it was between 420– 450 dollars per …
The United States has set certain conditions for implementing its offer to reduce tariffs on steel imports from Britain, raising further doubts about the Chinese company Jingye Group’s ownership of British Steel. According to the framework agreement announced by US President Donald Trump and Prime Minister Keir Starmer, the United States will offer a quota …
Ayman El Ashry, Chairman of the Cairo Chamber of Commerce and Chairman of Ashry Steel Group, stated that during the Labor Day celebrations in the valiant land of Suez, attended by His Excellency President Abdel Fattah El Sisi, the new lines of the Arab Special Steel Factory (Arcosteel), affiliated with Ashry Steel Group, the only …
Despite the decline in rebar prices in the first quarter of 2025, the Egyptian market witnessed a double-digit decline in both production and sales, reflecting challenges facing domestic demand. According to official data issued by the Ministry of Supply and Internal Trade, Egypt’s rebar production in March 2025 decreased by 18% compared to February of …
Rebar production and sales decline in Egypt despite lower prices in Q1 of 2025 Read More »
In a strategic move toward enhancing industrial independence and reducing dependence on imports, Suez Steel, one of the largest iron and steel companies in Egypt and the region, announced the commencement of operations of two new factories, representing a qualitative leap in the production and technological capabilities of the heavy industries sector. The first factory …
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 38,200, El Marakby Steel EGP 36,300, Egyptian Steel EGP 38,100, Ashry Steel EGP 35,500. Garhy Steel EGP 36,000, Misr Steel EGP 34,500, El Komy Steel EGP …
Emsteel Group, the UAE’s largest steel and building materials manufacturer, has achieved a significant milestone in its efforts to reduce industrial carbon emissions across the region. It successfully launched the first pilot project to produce sustainable steel using green hydrogen in the Middle East and North Africa (MENA) region in a strategic partnership with Masdar. …
UAE: Emsteel Leads Regional Sustainable Steel Production Efforts Read More »
India has proposed lifting tariffs on steel, auto parts, and pharmaceuticals, seeking to avoid US tariffs imposed and suspended by President Donald Trump for three months, according to people familiar with the matter, Bloomberg reported. The sources said the proposed tariff exemption would apply to a specified amount of imports, and after that limit, imported …
Ezz Steel Company announced stability in prices starting from May 1, 2025 for the eighth consecutive month at EGP 38,200 EXW, including value-added tax. Statement including VAT Rebar 38,200 EGP 1 USD = 50.70 EGP
According to the prices announced in the global steel markets, scrap prices amounted to $330/ tonne, $6 up compared to last week’s prices. and iron ore prices $98/ tonne, $1 down compared to last week’s prices. While the prices of billets ranged between 420 – 450 Dollars per tonne, while it was between 420– 450 …
According to a statement released by the Turkish Steel Producers’ Association (TCUD), in March this year, Turkey’s steel exports increased by 31.3% to 1.48 million mt, while the value of these exports rose by 18.6% to $1 billion, year on year. In the first quarter, the country’s steel exports rose by 18.5% to 3.79 million …
Turkey’s steel exports rise in March, imports decrease Read More »
The Saudi Iron and Steel Company (Hadeed) has released its new long steel prices for May deliveries. The company reduced rebar prices by SAR 70 ($19) per ton, bringing the new price to SAR 2,280 ($607) per ton. In contrast, wire rod prices (6.5-16 mm) were increased by SAR 30 ($8) per ton, now set …
Saudi Iron and Steel Company (Hadeed) unveils revised long steel prices for May 2025 Read More »
Using Danieli QSP-DUE technology, Yukon enjoys the greatest production flexibility thanks to three operating modes—infinite rolling, semi-infinite rolling, and coil-to-coil—which guarantee the widest range of steel grades and thicknesses. Danieli’s patented DySen casting machine recently set record casting figures: 145 mm thick sheets were consistently produced, a significant achievement for molds. 165 mm thick sheets …
Yukon and Danieli Collaborate on Infinite Rolling Technology Read More »
The Egyptian government has initiated a safeguard investigation into hot-rolled flat steel products. This measure has been long discussed in the market, with some flat steel manufacturers in the local market having long demanded it. On April 22, 2025, the Minister of Investment and Foreign Trade approved the initiation of a safeguard investigation into the …
Egypt decides to launch safeguard investigation on Increased HRC imports Read More »
Mr. Ayman El-Ashry, Chairman of the Cairo Chamber of Commerce and Member of the Federation of Egyptian Industries, stated that the activities of the second day of the Saudi-Egyptian Business Forum, held in the Saudi capital, Riyadh, witnessed tangible positive results that confirm the depth of economic relations between Egypt and Saudi Arabia. El-Ashry explained …