World Archives - Page 8 of 51 - Arab Iron and Steel Union

Canada introduces new tariffs, investment plan to support steel industry

Prime Minister Mark Carney unveiled a sweeping industrial strategy aimed at reinforcing Canada’s steel sector, as the country grapples with U.S. tariffs and surging global steel distortions. The measures are designed to curb harmful trade diversion, strengthen domestic supply chains, and prepare Canadian producers for deep shifts in global steel markets. Canada is among the […]

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Iron ore futures rise as China-Australia relations improve

News / user

Iron ore futures rose, driven by improved relations between the largest producer, Australia, and its largest consumer, China, although gains were capped by ongoing concerns about the weakness of China’s property sector. The most-traded iron ore contract for September delivery on China’s Dalian Commodity Exchange rose 1.11% to 773.5 yuan ($107.71) per tonne by 03:03

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US steel imports rise 19.6% in May 2025

News / user

US steel imports increased 19.6% month-on-month in May 2025, reaching 2.26 million tons, according to preliminary data from the US Department of Commerce. Despite this increase, imports declined 12.9% year-on-year. The total value of steel imports reached $2.39 billion, compared to $2.19 billion in April and $3.13 billion in May of the previous year. The

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China’s steel exports up 9.2% in H1 2025

News / user

In the January-June period this year, China’s finished steel exports amounted to 58.147 million mt, up 9.2% year on year, according to the latest data released by China’s General Administration of Customs (GACC). If the current monthly export volumes continue until the end of the year, total finished steel exports from China in 2025 may

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India reviews plans to impose tariffs in response to US measures on steel and aluminum

News / user

The Indian Finance Ministry announced that New Delhi is considering a proposal to impose tariffs in response to the US tariffs on steel and aluminum imports, under World Trade Organization rules. India informed the WTO that the tariffs imposed by the Trump administration have hurt Indian exports by $7.6 billion, indicating that the tariffs it

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Nippon Steel Plans to Double Its US Steel Production in 5 Years

News / user

Eiji Hashimoto, Chairman and CEO of Japan’s Nippon Steel, revealed the company’s plan to double its steel production in the United States within three to five years in an interview with the Yomiuri Shimbun newspaper. The company aims to achieve this growth by increasing production efficiency at US Steel, which Nippon Steel acquired in June

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Steel prices in the second week of July 2025

News / user

According to the prices announced in the global steel markets, scrap prices amounted to $347/ tonne,$2 up compared to to last week’s prices. and iron ore prices $101/ tonne, $3 up compared to to last week’s prices. While the prices of billets ranged between 430 – 450 Dollars per tonne, while it was between 430

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Iron ore hits 3-month high on hopes of steel supply cuts

News / user

Iron ore futures rose for the third consecutive session, hitting multi-month highs, supported by renewed hopes for a new wave of reforms to curb steel production, along with expectations of further stimulus measures from China, the world’s largest consumer, which boosted market sentiment. The most-traded iron ore contract for September delivery on China’s Dalian Commodity

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Germany Seeks to Develop Steel Industry and End Foreign Dependence

News / user

German Chancellor Friedrich Merz expressed his commitment to preserving the German steel industry and expressed his willingness to consider holding a so-called “steel summit” between the government and representatives of this industrial sector. During a government question session in parliament, Merz said on Wednesday: “I do not want to see Germany dependent on steel imports

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Treasury Secretary: US Could Collect $300 Billion in Tariff Revenue by 2025

News / user

Treasury Secretary Scott Besant said the United States has collected about $100 billion in tariff revenue so far this year, and that could rise to $300 billion by the end of the year. Speaking at a White House Cabinet meeting, Besant added that the main revenue from the new tariffs only began to be collected

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Brazil launches AD investigation on hot-rolled stainless steel flat products from 3 countries

News / user

Brazil’s government launched an anti-dumping (AD) investigation on hot-rolled stainless steel flat products from China, India, and Indonesia, following an application filed by Aperam Inox América do Sul S.A. in October last year. After a preliminary analysis of the documents submitted, the Secretariat of Foreign Trade (SECEX) concluded that there was sufficient evidence to demonstrate

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Vietnam Imposes Hefty Anti-Dumping Tariffs on Chinese Steel Imports

News / user

Vietnam has imposed final anti-dumping duties of up to 27.83% on certain imported rolled steel from China, following the expiration of the provisional duties imposed earlier this year. The Ministry of Industry and Trade announced that the new duties took effect on July 6 and will remain in effect for five years. This measure follows

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

News / user

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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Turkey’s HRC exports increase by 52% in January-May 2025

News / user

In May this year, Turkey’s hot rolled coil (HRC) exports amounted to 293,911 metric tons, up by 1.8% compared to April and by 45.7% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $172.10 million, decreasing by 0.3% compared to the

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How will Trump’s trade tariffs affect major economies?

News, Public Reports / user

As the deadline for crucial trade talks approaches on July 9, fears are growing that the resumption of retaliatory tariffs threatened by the United States will lead to a decline in global trade, which could negatively impact global economic growth. According to an analysis by Bloomberg Economics based on trade policy positions as of July

How will Trump’s trade tariffs affect major economies? Read More »

Steel prices in the first week of July 2025

News / user

According to the prices announced in the global steel markets, scrap prices amounted to $345/ tonne, unchanged compared to last week’s prices. and iron ore prices $98/ tonne, $1 up compared to to last week’s prices While the prices of billets ranged between 430 – 455 Dollars per tonne, while it was between 435 –

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South Africa Imposes Tariffs on Steel Coil Imports

News / user

The South African International Trade Commission (ITAC) has decided to impose a provisional tariff of 52.3% on imports of corrosion-resistant steel coils. The commission stated that the purpose of imposing the tariffs is to prevent further damage to the South African domestic market. The commission explained that the provisional tariffs are a short-term emergency measure

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Iron ore prices rise, supported by China’s measures to curb overcapacity

News / user

Iron ore futures prices rose on Thursday, amid China’s efforts to curb a price war and reduce excess production capacity, as part of a broader effort to stabilize the economy. The most active iron ore contract, for September delivery, ended the morning trading session on the Dalian Exchange, up 1.35% at 725 yuan ($101.19) per

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China extends stainless steel AD duties on EU & 3 countries

News / user

China announced on June 30, 2025, that it will extend anti-dumping (AD) duties on imported stainless steel billets and hot-rolled stainless steel plates/coils from the EU, the UK, South Korea, and Indonesia for another five years, starting July 1, 2025. The AD duty rates remain consistent with previous rulings. Companies from the EU and the

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Brazil Reduces Annual Steel Import Quotas, Considers Imposing Safeguard Tariffs

News / user

Brazil has announced a significant reduction in annual import quotas for 13 types of steel products, a move that could raise the possibility of imposing tariffs a 25% on these products. According to the Ministry of Development, Industry, Trade and Services, the government has decided to reduce the permitted steel import quota by approximately 250,000

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Europe’s green steel industry is suffering… and an Arab country is ready

News, Public Reports / user

The green steel industry in Europe is currently experiencing a setback, as many manufacturers have abandoned plans to operate their production lines with renewable energy sources, such as green hydrogen, due to high costs. European efforts are consolidating to make tangible progress in low-carbon steel production, in line with an international trend to reduce emissions

Europe’s green steel industry is suffering… and an Arab country is ready Read More »

US rebar imports down 54% in April

News / user

Preliminary data from the US Census Bureau, part of the US Department of Commerce (USDOC), revealed that US rebar imports totaled approximately 55,000 tons in April, a 36% drop compared to the previous month and a 54% decline from the same month of the previous year. Among them, Algeria accounted for the largest share of

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Japan’s steel scrap exports up 25.7% in January-May 2025

News / user

In May this year, Japanese ferrous scrap exports amounted to 648,253 MT, up by 24.6% compared to 520,195 MT in the same month of the previous year, according to customs statistics from Steel Orbits. In the January-May period this year, the country exported 3.26 million MT of scrap, up by 25.7% year on year During

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

News / user

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

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

Steel prices in the last week of June 2025

News / user

According to the prices announced in the global steel markets, scrap prices amounted to $345/ tonne, $3 up compared to to last week’s prices. and iron ore prices $97/ tonne, $1 up compared to to last week’s prices While the prices of billets ranged between 435 – 460 Dollars per tonne, while it was between

Steel prices in the last week of June 2025 Read More »

Global DRI output up 10.1% in May 2025

News / user

Data from the World Steel Organization (Worldsteel) showed that global DRI production reached 12.44 million tons in May 2025, a 2.2% increase compared to April and a 10.1% increase year-on-year. This data included 13 countries that account for approximately 87% of total global DRI production. According to the World Steel Organization, India topped the list

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US scrap steel exports up 12% in April 2025

News / user

According to statistics from the US International Trade Commission (USITC), the US exported around 1.06 million tons of steel scrap in April, increasing by 14% from the previous month but falling by 12% from the same month a year ago. Among them, Turkey was the top destination with roughly 289,000 tons, sliding by 7% month

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World crude steel production decreased by 3.8 % in May 2025

News, steel Statistics / user

World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 158.8 million tonnes (Mt) in May 2025, a 3.8% decrease compared to May 2024. Africa produced 1.9 Mt in May 2025, up 5.5% on May 2024. Asia and Oceania produced 116.6 Mt, down 4.7%. The EU (27) produced 11.4

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Oil prices fall 6%, Brent crude hits $67

News / user

Oil prices fell 6% at the end of trading on Tuesday, June 24, 2025, deepening their losses in just two days to more than 13%, as the war with Iran came to a halt and hopes for a decline in Middle East tensions spread. Crude prices hit their lowest levels in more than a week

Oil prices fall 6%, Brent crude hits $67 Read More »

OECD: Steel Overcapacity Expected to Surge to 721 million tonnes by 2027

News, Public Reports / user

Amid a growing gap between production and demand, the OECD warned in a recent report that global steel overcapacity is set to rise to 721 million tonnes by 2027, driven by distorting subsidies and excessive capacity expansion. This threatens market stability, undermines decarbonization efforts, and squeezes jobs and profitability in OECD economies. Expansion Outpacing Demand

OECD: Steel Overcapacity Expected to Surge to 721 million tonnes by 2027 Read More »

World

Canada introduces new tariffs, investment plan to support steel industry

Iron ore futures rise as China-Australia relations improve

US steel imports rise 19.6% in May 2025

China’s steel exports up 9.2% in H1 2025

India reviews plans to impose tariffs in response to US measures on steel and aluminum

Nippon Steel Plans to Double Its US Steel Production in 5 Years

Steel prices in the second week of July 2025

Iron ore hits 3-month high on hopes of steel supply cuts

Germany Seeks to Develop Steel Industry and End Foreign Dependence

Treasury Secretary: US Could Collect $300 Billion in Tariff Revenue by 2025

Brazil launches AD investigation on hot-rolled stainless steel flat products from 3 countries

Vietnam Imposes Hefty Anti-Dumping Tariffs on Chinese Steel Imports

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

Turkey’s HRC exports increase by 52% in January-May 2025

How will Trump’s trade tariffs affect major economies?

Steel prices in the first week of July 2025

South Africa Imposes Tariffs on Steel Coil Imports

Iron ore prices rise, supported by China’s measures to curb overcapacity

China extends stainless steel AD duties on EU & 3 countries

Brazil Reduces Annual Steel Import Quotas, Considers Imposing Safeguard Tariffs

Europe’s green steel industry is suffering… and an Arab country is ready

US rebar imports down 54% in April

Japan’s steel scrap exports up 25.7% in January-May 2025

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

Steel prices in the last week of June 2025

Global DRI output up 10.1% in May 2025

US scrap steel exports up 12% in April 2025

World crude steel production decreased by 3.8 % in May 2025

Oil prices fall 6%, Brent crude hits $67

OECD: Steel Overcapacity Expected to Surge to 721 million tonnes by 2027

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