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 Monday, though the overall demand outlook remained cautious as the market continued to assess underlying fundamentals. Market participants believe most negative factors, such as higher…
Turkey's imported scrap prices eased slightly this week to USD 360-365 per ton CFR, down from USD 360-370 per ton CFR last week, as slowing finished steel demand kept mills cautious about booking scrap at higher levels…
Iron ore futures extended gains on Friday, supported by expectations of near-term restocking, although weak fundamentals continued to limit the upside. Some market participants expect Chinese steel mills to replenish…
Iron ore futures rose further on Thursday, supported by easing domestic steel inventories and expectations of near-term restocking demand, which improved overall market sentiment. Inventories of major finished steel…
Turkish steelmaker Kardemir has launched a new billet sales round, lowering prices by USD 10 per ton compared with its previous offers issued on November 27, 2025. Under the latest offer, Kardemir is pricing S235JR…
Iron ore futures extended gains on Wednesday, supported by an uptick in near-term demand, although the longer-term outlook remains bearish. Chinese steel mills have been replenishing raw material stocks ahead of…
Iron ore futures recovered on Tuesday, supported by higher steel production figures, although the broader demand outlook remained bearish amid weakening fundamentals. Data from the China Iron and Steel Association…
Iron ore futures fell sharply on Monday as market sentiment deteriorated following Beijing's move to introduce a steel export licensing system aimed at regulating overseas shipments next year. China's Ministry of…
Turkey's imported scrap prices held steady this week at USD 360-370 per ton CFR, with buying activity slowing as steel mills pause to assess market conditions before resuming procurement. Suppliers maintained firm offer…
Iron ore prices dipped on Friday, pressured by rising inventories at Chinese ports and weak steel demand, both of which continue to reinforce a bearish outlook for the market. Port-side iron ore stocks have climbed to…
Iron ore futures fell on Thursday, weighed down by weakening fundamentals and cautious sentiment across the steel value chain. Rising supply combined with softer steel demand continued to pressure prices, while…
Iron ore futures rebounded on Wednesday after several sessions of losses, supported by growing expectations that Beijing may introduce new stimulus measures following another round of weak economic data. The latest…
Iron ore futures fell again on Tuesday, pressured by rising global supply and slowing demand from Chinese steel mills. Sentiment weakened further after reports that Guinea's Simandou project, expected to produce 120 mln…
Pakistan's major rebar manufacturers have sharply reduced prices, bringing current ex-works levels to PKR 225,000-230,000 (USD 800-807) per ton. Last month, prices from leading producers ranged between PKR…
Iron ore futures declined on Monday as falling steel production reinforced a weak demand outlook. According to the China Iron and Steel Association (CISA), daily crude steel output among its member mills fell 6.4% in…
Turkey's imported scrap prices surged this week to USD 360-370 per ton CFR, up from USD 355-360 last week, driven by fresh bookings from Turkish steel mills. Buying activity strengthened as domestic rebar demand…
Iron ore futures fell again on Friday as soft fundamentals continued to keep market sentiment cautious. Iron ore inventories at major Chinese ports are still rising and, combined with increasing global supply, are…
Iron ore futures fell again on Thursday as rising global supply and lower steel production continued to pressure the market and keep sentiment bearish. Vale cut its 2026 output forecast, citing softer global demand and…
The Saudi Iron and Steel Company (Hadeed) has increased long steel prices for December production. The company's rebar (12-32 mm) prices rose by SAR 40 (USD 10) to SAR 2,120 (USD 565) per ton, while wire rod (6.5-16 mm)…
Iron ore futures inched lower on Wednesday as weak fundamentals continued to weigh on sentiment, though losses were limited by expectations that upcoming government meetings may deliver supportive policy signals…
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