Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures edged higher on Friday, supported by a firm near-term demand outlook, although underlying concerns over supply continued to cap gains. Continued strength in Chinese steel production and stable domestic…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for April deliveries, marking its third hike since the start of the month. The company's rebar prices (12-32 mm) have…
Turkish steelmaker Kardemir has increased prices for its wire rod prices in the latest sales round. Wire rod prices were raised by USD 28 per ton, with 5.5 mm SAE 1006 grade offered at USD 645 per ton EXW, while SAE…
Iron ore futures rose sharply on Thursday, supported by improved demand indicators and positive macro sentiment, although supply-side pressures remain. China Iron and Steel Association (CISA) data showed member mills'…
Iron ore futures edged lower on Tuesday, pressured by rising supply expectations, while steady steel production limited the downside. Market sentiment weakened after reports that China Mineral Resources Group (CMRG) has…
Iron ore futures moved higher on Monday, supported by rising oil prices and sustained steel production. International oil prices climbed above USD 100 per barrel amid escalating US-Iran tensions after recent high-level…
Turkey's scrap import prices remained stable this week, with HMS 1&2 (80:20) assessed around USD 400 per ton CFR, while buying activity slowed amid weak finished steel demand. Despite limited trading, suppliers…
Iron ore futures declined on Friday as market sentiment remained cautious over the demand outlook, while improving steel production helped limit losses. Iron ore futures came under pressure this week amid higher…
Turkish steelmaker Kardemir has opened a new billet sales round, maintaining prices at previous levels. The company is offering S235JR-grade billet at USD 540 per ton EXW and B420-grade billet at USD 550 per ton EXW…
Escalating geopolitical tensions in the Middle East, following the U.S.-Israel conflict with Iran and its spillover across the GCC, are disrupting regional supply chains, particularly through the Strait of Hormuz, a key…
Iron ore futures declined on Thursday amid a weakening outlook and continued supply-side pressure. Higher shipments from major iron ore suppliers, along with high inventories at Chinese ports, remain key headwinds…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for April deliveries, marking its second hike within a week. Rebar prices (12-32 mm) have been raised by SAR 100 (USD…
Turkey's leading steel producer Kardemir has announced new prices for steel sections following a prolonged period without revisions. Prices for IPE-NPU sections (180-550 mm) were reduced by USD 10-15 per ton to USD…
Iron ore futures extended losses on Wednesday, pressured by rising supply and an uncertain demand outlook. A temporary ceasefire between the US and Iran, including the reopening of the Strait of Hormuz, has reduced the…
Iron ore futures declined on Tuesday as sluggish demand and rising supply weighed on market sentiment. Recent data from the China Iron and Steel Association (CISA) showed that average daily crude steel output at member…
Turkey's scrap import prices continued to firm this week, reaching around USD 400 per ton CFR, up from USD 390-400 per ton last week. Some offers, particularly from U.S. suppliers, were heard above USD 400 per ton. The…
Iron ore futures slipped on Friday as ongoing Middle East tensions continued to drive volatility across commodity markets. Prices came under pressure following the completion of feedstock restocking by Chinese steel…
Iron ore futures declined on Thursday amid rising geopolitical tensions and a broader risk-off sentiment in global markets. A more hawkish stance from the U.S. administration on the Iran conflict triggered a market…
Turkish steelmaker Kardemir has increased prices for billet and rebar in its latest sales round. Billet prices were raised by USD 35-40 per ton compared to the previous month, with S235JR grade now offered at USD 540…
Pakistan's flat steel producers, International Steels Limited (ISL) and Aisha Steel, have increased domestic prices for cold-rolled and galvanized steel by PKR 5,000 (USD 18) per ton. Following the increase, ISL's 1 mm…
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