India is moving to join the wave of protectionist measures in the steel sector, preparing plans to impose import tariffs one week after US President Donald Trump’s decision to impose 25% tariffs on steel and aluminum imports. The Indian Ministry of Commerce has proposed a 12% duty on a wide range of imported steel products, …
India joins the trade war, moves to impose tariffs on steel imports Read More »
In the January-February period this year, China’s outputs of pig iron, crude steel and finished steel totaled 140.75 million mt, 166.3 million mt and 224.09 million mt, decreasing by 0.5%, down 1.5% and up 4.7% year on year, respectively, as announced by China’s National Bureau of Statistics (NBS). In early March (March 1-10) this year, …
China’s crude steel output down 1.5% in Jan-Feb 2025 Read More »
Iron ore prices fell on Monday as a series of Chinese real estate data exacerbated concerns about the demand outlook, as well as the looming trade war, which threatens to slow economic growth. Iron ore futures for May delivery on the Dalian Commodity Exchange fell 1.15% to 778.5 yuan per ton ($107.55) at the close …
Iron ore futures fall 2% as Chinese real estate data weighs Read More »
The American Chamber of Commerce to the European Union warned on Monday that the tariff war between the United States and Europe is threatening $9.5 trillion in annual transatlantic business. The chamber, which has more than 160 members including Apple, ExxonMobil, and Visa, highlighted in its annual Transatlantic Economic Report a close trade relationship that …
US-EU Tariff War Threatens $9.5 Trillion in Business Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $380/ tonne, $8 up compared to last week’s prices. and iron ore prices $104/ tonne, $4 up compared to last week’s prices. While the prices of billets ranged between 435 – 465 Dollars per tonne, while it was between 435 – …
The European Commission has released the results of its preliminary investigation into certain HRC imported from Egypt, India, Japan, and Vietnam. As a result of this investigation, the EU will impose anti-dumping duties on imports from these countries. The leaked preliminary report of the Commission’s anti-dumping investigation proposes provisional duty rates on imports from Egypt …
EU sets AD duties on HRC imported from Egypt, India, Japan and Vietnam Read More »
In January this year, Turkey’s wire rod exports amounted to 55,128 metric tons, down by 21.9% year on year and by 56.7% month on month, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $32.03 million, decreasing by 26.2% year on year and 57.2% …
Turkey’s wire rod exports down 21.9% in January 2025 Read More »
South Korea plans to strengthen controls on metal imports to protect its producers from potential dumping in the domestic market, after US President Donald Trump moved forward with 25% tariffs on steel and aluminum imports from around the world. South Korea, a major metals producer in Asia, refrained from taking any immediate retaliatory steps after …
South Korea Tightens Control on Steel Imports in Response to US Tariffs Read More »
The CEOs of the three largest American steelmakers are urging US President Donald Trump to resist giving any tariff exemptions on steel imports. Nine US steel industry executives sent a letter to Trump on March 7, just days before the US is expected to implement a 25% tariff on all steel imports. The letter said …
Danieli, a supplier of iron and steel making plants, and newcleo SA, a nuclear energy provider, have signed a Memorandum of Understanding to explore nuclear-powered green steel production. The agreement will study the feasibility of integrating newcleo’s Lead-cooled Fast Reactors (LFR) with Danieli’s steelmaking technology. The companies hope to leverage the capability of LFRs to …
Danieli and newcleo to explore nuclear-powered green steel production Read More »
Japan expressed “regret” over not being exempted from US President Donald Trump’s steel and aluminum tariffs, which took effect today. Japanese Chief Cabinet Secretary Yoshimasa Hayashi said on Wednesday that “the failure to exempt Japan from the additional tariffs is regrettable.” He warned that the move “threatens to have a significant impact on the economic …
Japan warns of Trump tariffs’ impact on US relationship Read More »
China announced on Wednesday that it will take “all necessary measures” to protect its interests in response to the US’s 25% tariffs on steel and aluminum imports. “The US measures seriously violate World Trade Organization rules and seriously undermine the rules-based multilateral trading system,” Chinese Foreign Ministry spokeswoman Mao Ning said when asked about the …
Australian Prime Minister Anthony Albanese said Wednesday, after failing to secure an exemption from the US tariffs on his country’s steel and aluminum exports, that the tariffs, which just took effect, are “completely unjustified.” After the White House dashed Australia’s hopes that its steel and aluminum exports to the United States would receive an exemption …
Australian Prime Minister: US tariffs on Australian steel are “completely unjustified” Read More »
US President Donald Trump’s 25% tariffs on steel and aluminum imports took effect on Wednesday, prompting retaliation from the European Union. The White House confirmed the tariffs, which will affect Canada, Australia, the European Union, and other countries, late Tuesday, but Trump clarified that he no longer plans to raise tariffs on metals imported from …
US steel and aluminum tariffs take effect, Europe responds Read More »
US President Donald Trump has doubled his planned tariffs on all Canadian steel and aluminum imports to 50%, in retaliation for Ontario’s 25% tariff on electricity exports to the United States. Trump said in a post on Truth Social that he had instructed his Commerce Secretary to impose an additional 25% tariff on the products, …
US Doubles Steel and Aluminum Tariffs on Canada to 50% Read More »
ArcelorMittal, the world’s second-largest steelmaker, has announced a maintenance program worth more than €270 million, which includes temporarily halting production at its main plants in Dunkirk and Fos-sur-Mer in France for several months. According to a company statement, operations at the main blast furnace in Dunkirk are scheduled to be suspended for 90 days starting …
ArcelorMittal temporarily halts production at its largest plant in France Read More »
In a move that sparked widespread controversy on the international scene, US President Donald Trump signed an executive order on January 20, 2025, ordering the United States to withdraw from the Paris Climate Agreement. This is not the first time the United States has withdrawn from the agreement, as it previously withdrew during Trump’s first …
China’s hot-rolled coil (HRC) market is expected to find some balance in March, supported by recovering domestic demand and proactive production cuts, despite headwinds from a worsening trade environment globally caused by rising steel protectionism, Mysteel’s latest monthly report suggests. For March, China’s spot price of Q235B 4.75mm HRC in Shanghai under Mysteel’s assessment will …
Report: China’s HRC see increased domestic demand, lower exports Read More »
With the implementation of US tariffs on Indian steel imports, domestic steel prices in India are witnessing a correction of about INR 3,000 /tonne ($34.45 /t) due to the potential redirection of excess supply to India. US reciprocal tariffs, including on India, will come into effect from 2 April. These will disrupt export markets and …
Mexican Economy Minister Marcelo Ebrard confirmed during press statements on Friday that his country seeks to reach a new agreement with the United States regarding the steel and aluminum sectors, noting the importance of enhancing trade cooperation between the two countries to resolve outstanding issues in this area. Ebrard explained that meetings will be held …
Mexico moves to resolve steel and aluminum crisis with the United States Read More »
Brazil, the second-largest steel exporter to the United States, said it has begun talks with the administration of US President Donald Trump in response to the steel tariff hikes set to take effect on March 12. Trade relations between Brazil and Washington are tense as the US president plans to impose a 25% tariff on …
Brazil begins talks with Trump administration over steel tariffs Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $372/ tonne, $8 up compared to last week’s prices. and iron ore prices $100/ tonne, $3 down compared to last week’s prices. While the prices of billets ranged between 435 – 465 Dollars per tonne, while it was between 435 – …
In February, Australia reduced coking coal exports by 26.5% year-on-year – to 8.99 million tons. This figure fell by 20.4% compared to the previous month, BigMint reports. Australian exports of coking coal to China in February decreased by 52% m/m – to 0.48 million tons, to India – by 45% m/m, to 1.63 million tons. …
Australia reduced coking coal exports by 26.5% in February 2025 Read More »
The British-Australian mining concern Rio Tinto is investing $1.8 billion in the development of the Brockman Syncline1 (BS1) project, located near the operating Brockman 4 mine in Western Australia. This is stated in the company’s announcement. The project has now received all the necessary permits from the state and federal governments and was developed in …
Rio Tinto invests $1.8 billion to expand iron ore production in Australia Read More »
China’s Baoshan Iron & Steel Co., Ltd. (Baosteel) has issued the final acceptance certificate (FAC) to SMS group for the installation of a coilbox in its 1880 mm hot strip mill, marking the near-completion of the project. As a key subsidiary of China Baowu Steel Group, Baosteel is one of the world’s leading steel producers, …
Baosteel modernizes hot strip mill at Shanghai plant in cooperation with SMS Group Read More »
A groundbreaking ceremony took place for the electric-arc furnace project of Donghua Iron & Steel, for the installation of two, new Danieli Zerobucket EAFs in Tangshan, Hebei province. Danieli Zerobucket technology is characterized by continuous and flexible charging of metallics (scrap, DRI, HBI and hot metal), and quick tap-to-tap times. Specifically, the two new Zerobucket …
Two, new Danieli Zerobucket EAFs for Donghua Steel EAF project Read More »
China plans to restructure its steel industry by cutting production in the sector. This was announced by the National Development and Reform Commission (NDRC) at the National People’s Congress in Beijing, Bloomberg reports. At the same time, the authorities did not give specifics on the possible scope of cuts in this sector. The market assumed …
In January this year, Japan’s iron and steel product exports amounted to 2.49 million metric tons, decreasing by 11.8% month on month and by 4.2% year on year, according to the customs statistics released by the Japan Iron and Steel Federation (JISF). Regarding Japan’s major iron and steel product export markets, in January the country’s …
According to the prices announced in the global steel markets, scrap prices amounted to $364/ tonne, $4 up compared to last week’s prices. and iron ore prices $103/ tonne, $6 down compared to last week’s prices. While the prices of billets ranged between 435 – 465 Dollars per tonne, while it was between 432 – …
New US tariffs on steel are expected to disrupt a massive supply chain, worth billions of dollars, that relied on rerouting Chinese steel to the United States via intermediary countries. This will increase competition in the global market and could undermine a key source of revenue for China’s struggling steel sector. Due to trade restrictions …
New US tariffs increase pressure on China’s steel exports 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 +21320343324 – +21320343357
Fax +21320343194
Mail: [email protected]
Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: [email protected]
