Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Saudi Arabia's imports of Chinese HR steel totaled 1.49 mln tons in January-August 2026, down 4.7 pct YoY, despite significant disruptions to shipping routes and vessel availability during the period. August imports…
China's iron ore futures were largely unchanged on Thursday as expectations of tighter Brazilian supply and high freight rates were offset by weakening steel demand and high iron ore inventories at Chinese ports. Market…
Egyptian rebar prices are set to rise in October, with local media and market sources reporting that Ezz Steel and other major producers plan to increase domestic prices from October 1, following several months of…
China's iron ore futures edged higher on Wednesday as concerns over Brazilian supply provided support, although weakening steel mill profitability and expectations of lower steel output limited the upside. Market…
UAE's Emirates Steel, part of EMSTEEL Group, has kept its rebar prices unchanged for October production, marking the third consecutive month of price rollover. The company maintained its price for 12-32 mm rebar at AED…
Chinese steel exports to GCC countries declined to approximately 817,300 tons in August 2026, down 7.6 pct YoY and 19.2 pct from July, as prolonged logistics disruptions continued to weigh on regional steel trade…
China's iron ore futures declined on Tuesday as ample supply and rising port inventories weighed on sentiment, although pre-holiday restocking by steel mills and high freight costs continued to provide support. Chinese…
The UAE coated steel market remains firm, supported by good domestic demand, while logistics disruptions continue to affect material availability and local production. Major UAE coated steel producer Al Ghurair is…
China's iron ore futures traded rangebound on Monday as pre-holiday restocking by steel mills provided support, while high inventories and weak mill profitability limited upward momentum. Analysts said steel mills are…
Turkey's scrap import prices increased this week, supported by the uptrend in finished steel prices. MESTEEL assessed HMS 1&2 (80:20) at USD 395-400 per ton CFR Turkey, up from USD 390 per ton last week. Market…
The UAE structural steel market remains firm, supported by steady domestic demand, but logistics disruptions continue to complicate imported supply and deliveries. Chinese JIS beams are currently indicated at around USD…
China's iron ore futures moved higher on Friday, but the wider ferrous complex came under pressure as coking coal and coke prices fell sharply following renewed expectations of improved coal supply. Weak steel demand…
Egyptian rebar prices have remained broadly stable, with weak domestic demand and low trading activity limiting the scope for further increases despite higher production costs. Ezz Steel continues to set the benchmark…
China's iron ore futures moved higher on Thursday, supported by pre-holiday restocking by steel mills, although weak mill profitability continued to limit the upside. Market insiders said mills are booking cargoes ahead…
Kardemir has raised its rebar and wire rod prices in its latest price list, following the continued increase in Turkish scrap import prices. The company is offering 12-32 mm rebar at TRY 30,540 (USD 628) per ton EXW…
China's iron ore futures edged higher on Wednesday as improving market sentiment, expectations for steel production cuts and possible policy support offset continued concerns over weak steel demand and mill…
Major Turkish long steel producer ICDAS has increased its long steel prices by USD 5 per ton this week, supported by higher scrap costs. ICDAS is offering rebar at USD 635 per ton EXW Biga, up USD 5 per ton from last…
Turkish HRC prices increased this week, as an upward trend in scrap prices and limited supply pushed local HRC producers to raise prices. Domestic HRC prices moved up to USD 625-635 per ton EXW, up USD 20-25 per ton…
China's iron ore futures edged lower on Tuesday as weak steel demand, poor mill profitability and continued concerns over production cuts kept market sentiment under pressure. Market insiders said negative sentiment…
Saudi Iron and Steel Company (Hadeed) has reduced its domestic scrap buying prices by SAR 70 (USD 19) per ton, effective September 11, amid relatively moderate finished steel demand. The reduction follows a period of…
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