Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkey's scrap import market came under pressure this week as declining domestic finished steel prices and weak demand prompted mills to seek lower prices. MESTEEL assessed HMS 1&2 (80:20) at USD 400 per ton CFR Turkey…
China's iron ore futures remained under pressure on Friday as weak steel mill profitability, expectations of rising global supply and cautious market sentiment weighed on prices. Steelmakers continue to face squeezed…
Qatar's exports of steel products under HS 7207-7229 nearly doubled in 2025, rising 99.5pct YoY to 1.84 mln tons from 920,575 tons in 2024, according to Qatar customs data. The increase was driven overwhelmingly by…
China's iron ore futures came under renewed pressure on Thursday as the market reopened after the week-long National Day holiday, with weak steel demand, rising inventories and poor mill profitability weighing on…
Bahrain's steel imports under HS 7207-7229 surged to 49,608 tons in July 2026, up 216.0pct YoY and 476.2pct month on month, according to Bahrain Customs data. The sharp July increase was overwhelmingly driven by…
Major Turkish long steel producer ICDAS has reduced its long steel prices by USD 10 per ton compared with levels announced in mid-September. The company is now offering rebar at USD 630 per ton EXW Biga and wire rod at…
Lebanon's steel imports fell sharply by 54pct YoY to 33,608 tons in August 2026, from 72,667 tons in August 2025, according to Lebanese Customs data. The country's steel imports also declined by around 51pct month on…
Vietnamese steelmaker Formosa Ha Tinh Steel has increased its domestic HRC prices for November-December delivery, with SAE1006 and SS400 grades now offered at around USD 546-558 per ton CIF Vietnam, depending on order…
Nippon Steel has raised domestic prices for flat steel products by JPY 5,000 (USD 32) per ton for November deliveries, according to the local media reports. The increase applies to all flat steel products for domestic…
Turkey's scrap import prices edged higher this week, supported by higher costs, although buying activity remained limited as slowing finished steel demand made mills cautious about accepting further increases. MESTEEL…
Asian HRC markets are showing mixed conditions in early October, with mills in India and Southeast Asia maintaining firm offers while buying interest remains cautious. Chinese prices are broadly stable amid weak demand…
Vietnam's leading steelmaker Hoa Phat Group has raised its domestic HRC prices for November delivery by around USD 10 per ton month-on-month. Non-skinpass SAE1006/SS400 HRC is currently offered at around USD 555 per ton…
Saudi steel producer Hadeed has kept its domestic rebar and wire rod prices unchanged for October. The company's rebar in 12-32 mm sizes is offered at SAR 2,800 (USD 746) per ton CPT Riyadh, while 7-12 mm wire rod is…
China's iron ore futures edged higher on Wednesday as the country's manufacturing sector returned to growth in September, although weak steel demand and cautious mill procurement continued to limit gains. China's…
Chinese billet exports to GCC countries declined in August after a sharp increase in June and July, although shipments remained significantly higher as compared to August 2025. The United Arab Emirates replaced Saudi…
China's iron ore futures fell further on Tuesday as weak steel continued to weigh on prices, while pre-holiday restocking provided limited support. Market participants said narrowing steel mill margins and subdued iron…
Turkish HRC prices have remained firm over the past two weeks, with domestic and export markets supported by limited supply and a generally positive market outlook. Domestic HRC prices remain at USD 625-635 per ton EXW…
China's iron ore futures fell on Monday as pre-holiday restocking demand weakened, while weak steel demand continued to weigh on the market. Market insiders said pre-holiday restocking has largely run its course…
Turkey's scrap import prices remained largely unchanged this week, although Turkish mills have become more cautious about further purchases amid slower finished steel sales. MESTEEL assessed HMS 1&2 (80:20) at USD 400…
Saudi Arabia's HRC market remains slow, with cautious buying and logistics constraints continuing to weigh on import activity amid the current regional situation. Chinese HRC offers are currently heard at around USD…
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