Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures rose on Wednesday, supported by cautious optimism over demand recovery despite ongoing headwinds. A steady recovery in Chinese steel production continued to underpin iron ore consumption, while…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for April deliveries. Its rebar prices (12-32 mm) have been raised by SAR 100 (USD 27) to SAR 2,460 (USD 656) per…
Iron ore prices declined on Tuesday as easing supply concerns weighed on market sentiment. Earlier support from potential disruptions at major Australian ports due to Tropical Cyclone Narelle faded, as the impact on…
Iron ore futures were largely steady on Monday, with improving demand providing support against downside pressure. Production at Chinese blast furnace mills continued to recover, underpinning iron ore consumption…
Turkey's scrap import prices increased sharply this week, reaching around USD 390-400 per ton CFR, up from USD 375 per ton before the Eid holidays. The rise was driven by higher freight and energy costs linked to Middle…
Iron ore futures declined on Friday, as easing supply disruption concerns and uncertainty over demand weighed on market sentiment. Earlier this week, iron ore futures were supported by concerns over potential…
Iron ore futures rose slightly on Thursday, supported by concerns over supply disruptions in Australia following the closure of key ports in the Pilbara region due to a tropical cyclone. Pilbara Ports said operations at…
Turkish steelmaker Kardemir has increased prices for long steel products in its latest sales round, citing higher scrap costs. According to the latest price list, 12-32 mm rebar is offered at TRY 25,915 (USD 584) per…
Iron ore futures fell on Wednesday, pressured by environmental-related production curbs in Tangshan, a major steelmaking hub in China. Market sentiment weakened after Tangshan activated an emergency response to air…
Iron ore futures extended gains on Tuesday, supported by improving steel production in China, although higher port-side inventories limited further upside. Market participants said iron ore demand remains firm as…
Emirates Steel, a subsidiary of EMSTEEL Group, has kept its rebar prices unchanged for April production. The company maintained its rebar price at AED 2,721 (USD 741) per ton EXW, excluding 5pct VAT. Headquartered in…
Iron ore futures rose on Monday, while coking coal prices surged, supported by rising energy and freight costs driven by ongoing Middle East tensions. The Middle East conflict has significantly disrupted natural gas and…
Iron ore futures retreated on Wednesday as cautious sentiment over demand outlook weighed on the market. High port-side inventories in China continued to act as a key headwind, while rising global supply remains a…
Iron ore futures increased on Tuesday, supported by a stronger outlook for steel demand and improved market sentiment. Market participants in China reported firmer domestic demand for finished steel, particularly long…
Pakistani flat steel producer International Steels Limited (ISL) has increased its galvanized steel prices by PKR 5,000 (USD 18) per ton. Following the adjustment, the company's galvanized coil in 1 mm thickness is now…
Iron ore futures declined on Monday as lower Chinese steel production and rising supply weighed on market sentiment. Daily crude steel output among mills of the China Iron and Steel Association (CISA) fell 0.8pct during…
Turkey's scrap import prices edged slightly higher this week as rising freight costs supported seller sentiment amid the ongoing Middle East conflict. Scrap import prices were assessed at USD 375 per ton CFR, up from…
Iron ore futures extended gains on Friday as the near-term outlook improved on expectations of stronger steel demand and restrictions on certain BHP iron ore products. Market participants expect steel production to…
Iron ore futures climbed on Thursday, supported by improving demand sentiment in the market. Steel production in China is expected to rebound following the lifting of temporary environmental output curbs that were…
Turkish steelmaker Kardemir has raised prices for semi-finished and long steel products in its latest sales round, testing market sentiment amid rising costs linked to tensions in the Middle East. The company increased…
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