Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures advanced on Wednesday, although uncertainty persists over the demand outlook. Market participants said prices were partly supported by expectations of fresh stimulus and relatively firm production…
Iron ore futures traded in a narrow range on Tuesday, as persistent demand uncertainty kept market sentiment subdued. Traders expect milder-than-anticipated output curbs by Chinese authorities, given that steel…
Iron ore futures traded in a narrow range on Monday, with improved macroeconomic sentiment providing some support, while weak fundamentals limited gains. China's consumer price index (CPI) rose 0.2pct YoY in October…
Turkey's imported scrap prices edged up this week to USD 350-355 per ton CFR, as compared to last week's USD 345-355 per ton CFR, as several new cargoes were reportedly booked. Turkish mills had earlier sought lower…
Iron ore futures declined on Friday as weak demand and reduced steel output weighed on market sentiment. Chinese steel production continues to slow, with mills cutting output due to shrinking profitability and soft…
Turkish steelmaker Kardemir has increased its rebar prices, according to the company's latest price list. The mill is now offering rebar at TRY 23,500 per ton (USD 558), up from TRY 23,365 per ton (USD 560) announced on…
Iron ore futures rose for the first time this week on Thursday, supported by restocking activity at some Chinese steel mills taking advantage of lower prices. However, gains were limited by persistent demand concerns…
Turkish steelmaker Kardemir has opened a new billet sales round, keeping prices unchanged from those announced on October 15. The company offered S235JR grade billets at USD 500 per ton EXW and B420 grade billets at USD…
Iron ore futures continued to fall on Wednesday as sluggish steel demand and reduced mill production kept market sentiment bearish. Chinese steelmakers have been scaling back operations due to shrinking margins, while…
Iron ore futures extended losses on Tuesday as disappointing manufacturing data and weak market fundamentals deepened concerns over steel demand in China. The RatingDog China General Manufacturing PMI, compiled by S&P…
Iron ore futures declined on Monday, pressured by weak steel demand and falling production in China. Rising inventories at major Chinese ports and cautious restocking by steel mills have further dragged down prices…
Turkey's imported scrap prices held largely stable this week at USD 345-355 per ton CFR, as buying activity remained muted due to the mid-week Republic Day holiday and cautious market sentiment. Scrap suppliers kept…
Iron ore futures fell on Friday as weak steel fundamentals and soft economic data dampened market sentiment. Iron ore futures rallied earlier in the week on optimism over easing U.S.-China trade tensions, but momentum…
Iron ore futures edged higher on Thursday, supported by easing U.S.-China tensions, though profit-taking later trimmed early gains. The United States and China have agreed to a one-year trade truce following high-level…
Iron ore futures continued to rise on Wednesday, supported by optimism over easing trade tensions between the United States and China, the world's two largest economies. Market sentiment strengthened ahead of a planned…
Iron ore futures gained on Tuesday, supported by easing trade tensions between the U.S. and China and Beijing's new proposal to curb steel overcapacity, which lifted overall market sentiment. U.S. President Donald Trump…
Turkey's leading steel producer Kardemir has announced revised prices for its steel sections, according to its latest price list released last week. Prices for IPE-NPU sections (sizes 180-550 mm) remain unchanged at USD…
Iron ore futures climbed on Monday as easing trade tensions between Washington and Beijing boosted market sentiment, though demand concerns continued to weigh on the outlook. Iron ore futures gained after reports…
Turkey's imported scrap prices remained largely stable this week at USD 345-355 per ton CFR, as buying activity slowed due to weak finished steel demand and increased interest in lower-priced billets, particularly from…
The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for November production. The company's rebar (12-32 mm) prices have been increased by SAR 25 (USD 7) to SAR 2,080 (USD 555) per ton, while…
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