Arab Steel Summit

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Steel prices in the fourth week of June 2026

Global steel and raw material prices witnessed relative stability across most products during the fourth week of June 2026, according to data obtained by Arab Iron and Steel Union. Scrap prices continued their slight decline, while iron ore and billet prices maintained relative stability in most markets. Meanwhile, finished steel products recorded limited fluctuations between

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US Imposes Duties on Rebar Imports from Egypt

The U.S. Department of Commerce announced a preliminary determination that Egyptian producers and exporters of rebar receive government subsidies subject to countervailing duties, and decided to impose countervailing duties of 29.51% on Egyptian imports of the product into the U.S. market. According to a statement by the Department’s Enforcement and Compliance Administration, the investigation covers

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EMSTEEL deepens collaboration with real-estate developers

EMSTEEL has expanded cooperation with Emirati real estate developers by signing a strategic memorandum of understanding with MERED to evaluate and deploy high-strength reinforcement steel in property developments. The agreement sets a framework to pilot advanced steel solutions aimed at improving structural efficiency while supporting sustainable construction practices. This marks EMSTEEL’s second such partnership, following

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Arcosteel plans to inject EGP 6 billion in new investments in 2026

The Arab Company for Special Steel Arcosteel, a subsidiary of El Ashry Steel Group, plans to inject new investments worth EGP 6 billion during 2026 as part of its expansion strategy to increase production capacity and strengthen its presence in both local and international markets, according to Ahmed Hammam, Managing Director of the company, speaking

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UK cancels import quota exemption for Vietnamese rebar

The UK Trade Remedies Authority (TRA) has revoked the tariff-rate quota (TRQ) exemption for imports of Category 13 steel products (rebar, HS codes 72142000 and 72149910) from Vietnam, following an investigation that revealed that Vietnamese volumes exceeded the 3% threshold for developing countries. During the investigation period from October 1, 2024, to September 30, 2025,

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Vietnamese company Hoa Phat Group achieves record sales of Construction steel

In December 2025, Hoa Phat Group recorded sales of 585,000 tons of construction steel and high-quality steel coils, a 52% increase compared to the same period in 2024. Of this, high-quality steel coils used in the production of automobile tire treads, welding rod cores, prestressed cables, and mechanical engineering contributed approximately 60,000 tons. All branches

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Hadeed raises rebar prices for January and keeps wire rod prices unchanged

Saudi Iron and Steel Company (Hadeed) announced an increase in rebar prices for January sales, while maintaining wire rod prices at their current levels. According to the company, rebar prices for sizes 12–32 mm were raised by SAR 70 per ton, reaching SAR 2,190 per ton.Meanwhile, wire rod prices for sizes 6.5–16 mm remained stable

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Canada Maintains AD Duties on Rebar Imports from China, South Korea, and Turkey

The Canada Border Services Agency (CBSA) has completed the expiry review of the anti-dumping duties imposed on rebar imports from China, South Korea, and Turkey, as well as the expiry review of the countervailing duties on the same product imported from China. The agency concluded that the expiry of these orders is likely to result

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US Commerce Department Initially Imposes Anti-Dumping Duties on Algerian Rebar

The U.S. Department of Commerce announced on December 17, 2025 that it has reached a preliminary decision to impose antidumping duties on imports of steel concrete reinforcing bar (rebar) from Algeria, as part of its investigations into unfair trade practices. The Department set a preliminary dumping margin of 127.32% on Tosyali Iron and Steel Industry

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