Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for February sales. Rebar prices for 12-32 mm sizes were raised by SAR 70 (USD 19) to SAR 2,260 (USD 603) per ton, while wire rod…
Iron ore futures remained subdued on Monday as oversupply pressure continued to weigh on market sentiment. Rising global supply, together with high iron ore inventories at major Chinese ports, kept the market under…
Turkey's imported scrap market remained firm but largely sideways this week, with prices assessed unchanged at USD 370-375 per ton CFR, as tight supply conditions offset cautious buying by Turkish steel mills. Scrap…
Emirates Steel, a subsidiary of EMSTEEL Group, has kept its rebar prices unchanged for February production. The company maintained its rebar price at AED 2,648 (USD 721) per ton EXW, excluding 5pct VAT. Headquartered in…
Iron ore futures rose on Friday, supported by pre-holiday restocking by Chinese steel mills, although concerns over rising supply are expected to limit further upside. Steelmakers increased inquiries and procurement…
Chinese-origin HR steel imports into the UAE declined in 2025, with shipments totaling 2.52 mln tons, down 16.6pct YoY from 3.03 mln tons in 2024, according to customs data. The decline coincided with generally softer…
Iron ore futures inched higher on Thursday, supported by China's latest fiscal stimulus measures, although gains remained limited amid continued concerns over rising supply. Iron ore futures found some support after…
Turkey's leading steel producer Kardemir has lowered prices for steel sections, according to its latest price list. Prices for IPE-NPU sections in sizes 180-550 mm were reduced by USD 10-15 per ton to USD 665-750 per…
Iron ore futures extended losses on Wednesday, marking a fifth consecutive session of declines, as rising supply and lingering demand concerns continued to weigh on market sentiment. Supply-side pressure intensified…
Iron ore futures fell on Tuesday as market sentiment weakened following a fatal accident at a Chinese steel plant, raising concerns over tighter safety inspections and their potential impact on steel production. An…
Iron ore futures fell on Monday as soft economic data and lingering weakness in China's property sector continued to weigh on market sentiment, alongside lower steel production figures for last year. Data from the…
Turkey's imported scrap prices firmed this week, with assessments rising to around USD 370-375 per ton CFR, compared with USD 370 per ton previously. The uptick came despite subdued buying activity, as sellers…
Iron ore futures declined on Friday as rising inventories at major Chinese ports weighed on market sentiment, although expectations of improved demand helped limit losses. Port stocks continued to build as tight…
Iron ore futures declined on Thursday as market sentiment remained cautious, with expectations of improving demand yet to fully materialize. Higher iron ore inventories at major Chinese ports, rising global supply, and…
Turkish steelmaker Kardemir has lowered wire rod prices in its latest sales round, according to the company's updated price list. Kardemir is now offering 5.5 mm SAE 1006 grade wire rod at USD 597 per ton EXW, while 5.5…
Iron ore futures edged higher on Wednesday, supported by record Chinese steel export and iron ore import data, although overall market sentiment remained cautious. Data from the General Administration of Customs showed…
Iron ore futures edged lower on Tuesday as market sentiment remained cautious, although near-term factors helped limit losses. Higher portside inventories in China, rising global iron ore supply and slow steel demand…
Iron ore futures advanced on Monday after Beijing signalled fresh policy support to boost domestic demand. Chinese Premier Li Qiang chaired a State Council executive meeting that outlined coordinated fiscal and…
Turkey's scrap import prices inched higher this week, with assessments rising to around USD 370 per ton CFR, compared with USD 360-370 per ton last week. The firming trend was driven mainly by a strong stance from…
Dalian iron ore futures edged lower on Friday, pressured by rising inventories at major Chinese ports and a slight increase in finished steel stocks at key warehouses. However, losses were limited by expectations of…
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