Arab Steel Summit

Long Products

Steel Prices Fluctuate in the Second Week of August Amid Supply and Demand Volatility

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 […]

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Turkey’s Rebar Exports Rise by 28.2% in the First Half of 2025

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,

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Global steel prices remain largely Stable in the first week of August

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,

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Partnership Agreement Between Algeria and Italy to Establish a New Rebar Production Unit at Al Solb

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

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Emirates Steel maintains rebar prices for August

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

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Steel prices decline in Dubai in the first quarter of 2025 amid varying increases in building materials

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

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SMS group upgrades CELSA Barcelona’s medium section mill with new process automation

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

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Rebar prices in the UAE have declined by 6.5% since the start of 2025

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

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Canada begins implementing a tariff quota system on steel imports to protect domestic industry

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

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Variations in China’s Steel Product Output from January to May 2025

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

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Egypt and Algeria face millions of dollars in losses due to a rebar anti-dumping complaint

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

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