Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures declined on Friday as persistent demand concerns and shrinking steel mill margins weighed on market sentiment. Market participants reported reduced steel production levels as Chinese mills faced tighter…
Iron ore futures extended gains on Thursday, supported by optimism that Beijing may introduce new economic stimulus measures during an ongoing policy meeting this week. The four-day meeting of the Communist Party's…
Emirates Steel, a subsidiary of the EMSTEEL Group, has raised its rebar prices by AED 58 (USD 16) per ton for November production. The new price is set at AED 2,648 (USD 721) per ton, up from AED 2,590 (USD 705) in…
Iron ore futures rose on Wednesday as markets drew optimism from key policy meetings in Beijing, though underlying demand fundamentals remained soft. China's Communist Party began a major gathering on Monday to outline…
Iron ore futures inched higher on Tuesday as markets awaited potential stimulus signals from the ongoing Communist Party Central Committee session, which runs through October 23. Investors are watching closely for…
Iron ore futures fell on Monday, pressured by disappointing Chinese economic indicators that reinforced bearish demand expectations. China's property sector, once the country's largest steel consumer, remains a major…
Turkey's imported scrap prices inched higher this week to USD 345-355 per ton CFR, compared with USD 345-350 per ton last week, as mills booked fresh cargoes at higher levels. However, market sentiment remained cautious…
Iron ore futures edged lower on Friday, pressured by weak demand fundamentals that continue to weigh on market sentiment. Both raw material and steel futures struggled this week under multiple headwinds, including…
Iron ore futures fell again on Thursday as concerns over subdued demand continued to weigh on market sentiment. The commodity is under pressure from several headwinds, including renewed U.S.-China tensions and China's…
Turkish steelmaker Kardemir has increased its billet prices by USD 8 per ton compared with levels announced on September 24. In its latest price list, the company is offering S235JR grade billets at USD 500 per ton EXW…
Iron ore futures fell further on Wednesday, weighed down by concerns over weak demand and broader market headwinds. A key drag on sentiment is the escalating trade tension between the U.S. and China. Both countries have…
Iron ore futures retreated on Tuesday, reversing gains from the previous session when prices hit an eight-month high on supply concerns. The earlier rally was fueled by reports that China would impose new port fees on…
Iron ore futures gained on Monday, supported by robust Chinese steel export figures, even as concerns over soft domestic steel demand persisted. Iron ore futures opened lower in the morning session amid renewed China-US…
Turkey's imported scrap prices rose to USD 345-350 per ton CFR this week, up from USD 340-345 per ton last week, supported by higher freight and collection costs. Scrap buying activity picked up as Turkish mills booked…
Iron ore futures extended gains on Friday, supported by expectations of restocking by Chinese steel mills and potential policy support from Beijing. Analysts believe these factors could provide short-term stability for…
Turkish steelmaker Kardemir has launched a new sales round for rebar and wire rod, releasing updated prices in its latest list. Rebar is now offered at TRY 23,365 per ton (USD 560), up from TRY 22,475 per ton (USD 544)…
Iron ore futures gained in post-holiday trade on Thursday, supported by restocking demand after China's National Day break. Market sources said some steel mills have resumed iron ore purchases, lending support to…
Turkish steelmaker Kardemir has raised its wire rod prices by USD 10 per ton, according to its recent price list. The company is offering 5.5 mm SAE 1006 grade at USD 590 per ton EXW, while 5.5 mm SAE 1008-1010 grades…
Turkey's imported scrap prices rose this week to USD 340-345 per ton CFR, up from USD 335-340 per ton CFR last week, supported by higher freight and collection costs. However, buying sentiment remains weak as mills…
The Saudi Iron and Steel Company (Hadeed) has lowered long steel prices by SAR 75 (USD 20) per ton for October production. Under the new pricing, rebar (12-32 mm) is set at SAR 2,055 (USD 548) per ton, while wire rod…
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