• Monday 27 July 2026
Youtube Linkedin Facebook
Arab Steel Summit
Search

World

Turkey’s Billet Imports Rise by 61.6% in January and July 2025

News /

In July 2025, Turkey’s imports of billets and bloom reached 453,113 mt, down 9.7% compared to June, but up 73.4% year-on-year, according to preliminary data released by the Turkish Statistical Institute (TUIK). At the same time, revenues generated from these imports totaled USD 222.26 million, decreasing by 9.5% month-on-month, but rising 53.7% year-on-year. From January […]

Turkey’s Billet Imports Rise by 61.6% in January and July 2025 Read More »

China’s Steel Exports Rise 10% in the First Eight Months of 2025

News /

China’s finished steel exports reached 77.49 million tons from January to August 2025, marking a 10% year-on-year increase, according to the latest data released by the General Administration of Customs of China. In August alone, finished steel exports totaled 9.51 million tons, down 3.3% month-on-month but up slightly by 0.1% year-on-year. Meanwhile, China’s finished steel

China’s Steel Exports Rise 10% in the First Eight Months of 2025 Read More »

Iron Ore Hits 6-Month High

News /

On September 8, Australian iron ore (62% Fe, CFR China) rose by USD 0.9 to reach USD 105.25, marking its highest level since February 28 and the first time in six months it surpassed the USD 105 mark. Monthly performance shows an increase of USD 2.45 this month (up 2.38%), while gains since the beginning

Iron Ore Hits 6-Month High Read More »

Baosteel upgrades gearbox on SMS group hot strip mill

News /

Baosteel has completed a major gearbox overhaul on its 2050 mm hot strip mill in Shanghai, supplied by SMS group. The upgrade, carried out during the plant’s 2025 annual shutdown, included online adjustments, disassembly, inspection, bearing replacements, and reassembly—without additional downtime. SMS group provided full support from technical planning to on-site commissioning, ensuring precise execution

Baosteel upgrades gearbox on SMS group hot strip mill Read More »

Steel Products Prices in Global Markets in the First Week of September 2025

News /

Global steel markets witnessed mixed price movements by the end of the first week of September 2025, with some products recording notable declines, while others remained stable. Scrap (HS1&2 mix 80:20) imported by Turkey from the USA fell by $2, reaching $343/ton CFR. Meanwhile, iron ore (62%) Australia – CFR rose by $1, standing at

Steel Products Prices in Global Markets in the First Week of September 2025 Read More »

Canada Imposes Provisional Anti-Dumping Duties on Steel Wire Imports from Ten Countries

News /

On September 4, 2025, the Canada Border Services Agency (CBSA) issued a preliminary anti-dumping ruling on certain carbon and alloy steel wire imports originating in or exported from ten countries: China, Taiwan, India, Italy, Malaysia, Portugal, Spain, Thailand, Turkey, and Vietnam. The decision followed a complaint filed by Sivaco Wire Group 2004 L.P. and ArcelorMittal

Canada Imposes Provisional Anti-Dumping Duties on Steel Wire Imports from Ten Countries Read More »

Turkey’s wire rod exports rise by 1.2% between January and July 2025

News /

In July 2025, exports reached 50,673 tons, marking a 55.8% decline compared to June, but a 15.1% increase year-on-year, according to preliminary data released by the Turkish Statistical Institute (TUIK). In terms of value, export revenues in July stood at $29.55 million, down 54% from the previous month, but up 10% compared to the same

Turkey’s wire rod exports rise by 1.2% between January and July 2025 Read More »

China’s Baosteel Explores Expansion Opportunities in the Middle East

News /

Baoshan Iron & Steel Co. (Baosteel) is in discussions with several potential partners to explore new steel investment opportunities, with a particular focus on Asia, the Middle East, and North Africa. In a statement published on its WeChat account during the announcement of its first-half results, attended by Chairman Zou Jixin and senior executives, the

China’s Baosteel Explores Expansion Opportunities in the Middle East Read More »

Recovery of Chinese Steel Companies Supported by Exports and Lower Raw Material Costs

News /

China’s steelmakers, the world’s largest producers, continue to show signs of improvement thanks to government efforts to reduce overcapacity, while exports have remained strong despite mounting trade restrictions. Last year, most mills suffered losses due to the property sector crisis, one of the key drivers of demand. This year, however, conditions have begun to improve

Recovery of Chinese Steel Companies Supported by Exports and Lower Raw Material Costs Read More »

Nippon Steel to Invest $11 Billion to Boost U.S. Steel Production

News /

Japan’s Nippon Steel plans to inject $11 billion into U.S. Steel to expand production capacity, add high-quality products, and transfer advanced operational technologies, according to a senior company executive. The Japanese steelmaker completed its $14.9 billion acquisition of U.S. Steel in June 2025, concluding an 18-month process shaped by political shifts between the administrations of

Nippon Steel to Invest $11 Billion to Boost U.S. Steel Production Read More »

ArcelorMittal Calvert to upgrade hot strip mill with inductive heating system from SMS Group

News /

ArcelorMittal Calvert in Alabama, USA, has contracted SMS Group to modernize its 2,050 mm hot strip mill (HSM), which has been in operation since 2010. The project aims to enhance mill efficiency and enable production of advanced steel grades and hot strip products. An Elotherm inductive heating system will be installed upstream of the finishing

ArcelorMittal Calvert to upgrade hot strip mill with inductive heating system from SMS Group Read More »

South Korea’s Steel Exports to the U.S. Fall to Lowest Level Since 2021

News /

South Korea’s steel exports to the United States plunged by 26% in July compared with the same month last year, weighed down by Washington’s tougher tariff measures, according to data from the Korea International Trade Association (KITA). South Korean news agency Yonhap reported that in June, U.S. President Donald Trump raised tariffs on steel and

South Korea’s Steel Exports to the U.S. Fall to Lowest Level Since 2021 Read More »

Sharp Increase in China’s Semi-Finished Steel Exports in Jan.–July 2025

News /

China’s semi-finished steel exports recorded a significant surge in July 2025, reaching 1.58 million mt — up 34.4% compared to June and posting a sharp year-on-year rise of 349%, according to China’s customs authorities. From January to July, China’s total semi-finished steel exports amounted to 7.47 million mt, marking an exceptional year-on-year growth of 309.7%.

Sharp Increase in China’s Semi-Finished Steel Exports in Jan.–July 2025 Read More »

South Korea Moves to Impose 5-Year Anti-Dumping Duties on Chinese Stainless Steel Plates

News /

South Korea’s Ministry of Economy and Finance announced a proposal to impose 21.62% anti-dumping duties on imports of stainless steel plates from China for a period of five years. The measure covers products under several HS codes, excluding hot-rolled coils, black plates produced by hot-rolling stainless steel slabs, products with a thickness of 8 mm

South Korea Moves to Impose 5-Year Anti-Dumping Duties on Chinese Stainless Steel Plates Read More »

Study: EU Carbon Border Mechanism May Cost India 0.03% of GDP

News, Public Reports /
A study by the Centre for Social and Economic Progress (CSEP) estimates that India’s GDP could decline by 0.02–0.03% between 2025 and 2030 due to revenue outflow, unless the impact of the European Union’s Carbon Border Adjustment Mechanism (CBAM) is mitigated through the introduction of a domestic carbon pricing system.

According to the analysis, the EU could collect nearly 5,500 crore rupees (€539 million) from Indian exporters in 2030.

The report highlights that introducing a domestic carbon tax alongside CBAM could result in a slight 0.01% increase in GDP, as part of the tax revenue would remain within the country, softening negative economic impacts.

[elementor-template id="11064"]

Study: EU Carbon Border Mechanism May Cost India 0.03% of GDP Read More »

Iron Ore Prices Decline Amid Continued Weakness in China’s Real Estate Sector

News /

Iron ore prices fell on Friday, closing the week with losses, as demand weakened in the real estate sector and construction activity slowed in China due to unfavorable weather conditions. The January 2026 iron ore contract on China’s Dalian Exchange dropped 1.1% to 776 yuan ($108.03) per ton, recording a 1% weekly loss. Meanwhile, on

Iron Ore Prices Decline Amid Continued Weakness in China’s Real Estate Sector Read More »

U.S. Department of Commerce Expands Tariff List on Steel and Aluminum Products

News /

The U.S. Department of Commerce has announced an expansion of the 50% tariff imposed on steel and aluminum imports to include hundreds of additional derivative products, according to Reuters. In a notice published in the Federal Register, the department explained that the Bureau of Industry and Security added 407 new tariff codes to the U.S.

U.S. Department of Commerce Expands Tariff List on Steel and Aluminum Products Read More »

Trump Reaffirms Plans to Impose Tariffs on Steel and Semiconductor Chips

News /

U.S. President Donald Trump on Friday reaffirmed his intention to impose tariffs on steel imports and semiconductor chips in the coming weeks, as part of efforts to boost domestic manufacturing. Speaking to reporters aboard Air Force One en route to Alaska for a meeting with Russian President Vladimir Putin, Trump said he would announce the

Trump Reaffirms Plans to Impose Tariffs on Steel and Semiconductor Chips Read More »

Search
Whatsapp Instagram Youtube Twitter Facebook