The US-EU trade meeting scheduled for next month is expected to be postponed until early next year, as the two allies remain deadlocked in talks over steel and critical metals, according to a report. According to Bloomberg, citing sources familiar with the matter, the Trade and Technology Council was scheduled to meet last month, but …
The Canadian International Trade Tribunal (CITT) has announced that it has initiated an expiry review against the antidumping duties on cold rolled steel (CRC ) from China, South Korea and Vietnam. The current antidumping duties are at 91.9% for China, 53.0 percent for South Korea and 99.2% for Vietnam, while the subsidy rates are at …
Canada initiates AD expiry review on (CRC) from three countries Read More »
According to final data from the US Department of Commerce, total US imports of wire rod reached 49,233 tons in September 2023, down 44.9% from August and 9.0% from September 2022 levels. By value, total wire rod imports reached $47.8 million in September 2023, compared to $85.7 million in August and $61.6 million in September …
The European Union is studying the possibility of extending the temporary truce with the United States regarding steel and aluminum trade, a possibility that will help circumvent the stalled negotiations and avoid the re-imposition of customs tariffs on transatlantic exports worth $10 billion. Since the imposition of tariffs will resume automatically at the end of …
Europe is considering extending the steel trade truce with the United States Read More »
According to preliminary data from the US Department of Commerce, total US imports of rebar reached 55,531 tons in September 2023, down 64.1% from August and 48.6% from September 2022 levels. In terms of value, total rebar imports reached $33.7 million in September 2023, compared to $93.8 million in August, and $82.9 million in September …
US rebar imports down 64.1 percent in September with Egypt and Algeria in the lead Read More »
Talks between the European Union and the United States regarding tariffs on steel trade are still stalled, according to informed sources. This comes at a time when the two sides are trying to avoid the return of billions of dollars in duties on European steel exports to the United States, ahead of the US-European summit …
US-European steel tariff negotiations falter…difficult points of contention Read More »
According to final census data from the U.S. Department of Commerce, U.S. wire rod imports totalled 89,393 tonnes in August 2023, an increase of 25.1% from July and 27.3% from August 2022 levels. In terms of value, total wire rod imports reached $85.7 million in August 2023, compared to $71.2 million in July and $86.5 …
The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping (AD) duty order on light-walled rectangular welded carbon steel pipes and tubes from China for the period between August 1, 2021 and July 31, 2022. Accordingly, the US DOC has determined that Chinese Hangzhou Ailong Metal Product …
US issues final AD duty on rectangular pipes from China’s Ailong Read More »
China’s Ministry of Commerce demanded on Wednesday that the United States immediately lift tariffs on Chinese steel and aluminum imports. The ministry’s comments came in response to a dispute settlement panel of the World Trade Organization, which concluded that China was imposing additional duties on some imports from the United States. The ministry said, “China …
China calls on US to immediately raise tariffs on imports of steel and aluminum Read More »
According to final census data from the US Department of Commerce, US imports of wire rod totaled 64,178 mt in June 2023, down 8.2% from May and down 27.2% from June 2022 levels. By value, wire rod imports totaled $67.3 million in June 2023, compared to $74.9 million in May and $105.7 million in June …
US wire rod imports down 8.2 percent in June 2023 and Egypt Ranks Fifth Read More »
According to export data from the US Department of Commerce, total US exports of HRC reached 96,315 tonnes in June 2023, up 24.2% from May and up 59.2% from June 2022. In terms of value, exports of HRC totaled $105.1 million in June, compared to $83.7 million in the previous month and $58.6 million in …
US Exports of HRC Increased by 24.2% in June 2023 Read More »
Oil prices rose 2% at the end of trading today, Wednesday, August 9 (2023), to continue to reap gains for the second consecutive session, amid fears of a supply shortage. The decline in supply caused by production cuts by Saudi Arabia and Russia offset fears of slowing demand from China, the largest importer of crude, …
Oil prices rose by 2%, and Brent crude was above $87 Read More »
According to preliminary statistics data released by the US Department of Commerce, total US imports of rebar reached 193,326 tonnes in June 2023, up 171.5% from May and up 94.3% from June 2022 levels. In terms of value, total rebar imports amounted to $123.0 million in June 2023, compared to $47.6 million in May and …
Algeria and Egypt are the leading exporters of rebar to US in June Read More »
The US Federal Reserve raised interest rates by a quarter of a percentage point yesterday, to their highest level in 22 years, attributing this to persistently high inflation. And the main interest rate, after the 11th increase since the Fed began the cycle of tightening monetary policy to curb inflation in March 2022, reached the …
US central bank raises interest rates to the highest level in 22 years Read More »
The European Union Trade Commission warned of the repercussions of the continuation of the US-European steel dispute and called for the need to find a compromise to end the confrontation between the two parties. In 2018, former US President Donald Trump imposed tariffs of 25 per cent on steel and 10 per cent on aluminium …
The European Union calls Washington to find a compromise to end the dispute over steel Read More »
According to export data from the US Department of Commerce, US exports of wire coils totalled 7,173 mt in April 2023, down 28.5 % from March and down by 9.7 % from April 2022. By value, wire coils exports totalled $20.4 million in April, compared to $22.3 million in the previous month and $18.6 million …
The US drawn wire coils were down 28.5 % in April 2023 Read More »
The US Department of Commerce (DOC) has announced the results of its administrative review of anti-dumping (AD) duties on welded quality round carbon steel pipe from the Sultanate of Oman for the periods December 1, 2019, through November 30, 2020, and December 1, 2020, through November 30, 2021. Accordingly, the Ministry decided that Oman’s steel …
According to export data from the US Department of Commerce, monthly steel exports in April 2023 decreased by 13.3% compared to March, reaching 696,932 tonnes, and decreased by 7.4% compared to April 2022. In terms of value, US steel exports totalled $1.24 billion in April, compared to $1.43 billion in March and $1.39 million in …
According to preliminary statistics data from the US Department of Commerce, the US monthly steel imports in April 2023 decreased by 9.4% compared to March and by 13.3% compared to April last year, reaching 2,150,544 tonnes. In terms of value, steel imports to the United States totalled $3.23 billion in April, compared to $3.18 billion …
Crude oil prices fell by more than 1% during today’s trading, Monday, May 22, 2023, amid fears of an economic recession that may limit demand. Caution over US debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from Canada and OPEC+ producers. Moreover, by 06:55 am GMT (09:55 am …
Crude oil prices are down 1%… and Brent is below $75 a barrel Read More »
Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.
It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.
Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.
General Secretariat
Tel +21323304221 Fax +21323304254
Mail: [email protected]
Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: [email protected]
