Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures rose slightly on Wednesday, supported by expectations of stronger steel output after environmental curbs on Tangshan mills were lifted last week. A drop in weekly shipments from major suppliers also…
Iron ore futures extended gains on Tuesday, supported by expectations of stronger steel production following the lifting of output curbs in Tangshan, imposed earlier for a parade in Beijing. Analysts said higher steel…
Iron ore futures rose on Monday, supported by resilient Chinese steel exports and reduced shipments from Brazil. Market sources said Brazilian iron ore exports fell sharply last week due to scheduled berth maintenance…
Turkish steelmaker Kardemir lowered its wire rod prices by USD 10 per ton in its latest price list, compared with July 23 levels. The company is now offering 5.5 mm SAE 1006 grade wire rod at USD 580 per ton EXW, and…
Iron ore futures rose on Thursday, supported by expectations of higher demand after Tangshan steel mills resumed operations following the end of Beijing's military parade-related output curbs on September 3. Analysts…
Turkish steelmaker Kardemir has cut billet prices by USD 8 per ton in its latest sales round compared with August 14 levels. The company is now offering S235JR grade billets at USD 492 per ton EXW and B420 grade billets…
Iron ore futures rose on Wednesday, supported by expectations of stronger demand as Tangshan steel output curbs near their end. Beijing had ordered Tangshan mills to cut production from August 25 to September 3 for a…
Iron ore futures inched up on Tuesday as investors weighed hopes of stronger demand once Beijing lifts steel production curbs after this week's military parade against persistent signs of weak steel consumption…
Iron ore futures fell on Monday as steel production curbs and weakening steel demand weighed on market sentiment. Chinese Steel output is expected to be hit by new environmental restrictions in Tangshan and other…
Turkey's scrap import prices fell to USD 337-345 per ton CFR, down from USD 345-347 per ton CFR last week, as sporadic EU-origin deals widened the price range. Turkish steel mills kept buying activity limited due to…
Iron ore futures edged higher on Friday, supported by strong near-term demand and a weekly decline in port inventories. Analysts noted that robust steel production continues to underpin consumption, though environmental…
Iron ore futures surged on Thursday, supported by reports that Chinese authorities plan to cut steel production to reduce excess supply. Beijing aims to curb crude steel output between 2025 and 2026 amid persistent…
Turkish steelmaker Kardemir has launched a new rebar sales round with updated prices. The company set its rebar price at TRY 22,455 per ton (USD 547), down from TRY 22,625 per ton (USD 556) in the previous round on…
Iron ore futures extended losses on Wednesday as the market grappled with oversupply worries and weakening steel demand in China. Blast furnace mills have kept production strong in recent weeks, supported by healthy…
Iron ore futures fell on Tuesday as persistent demand concerns weighed on sentiment. Weak seasonal demand, due to heavy rains and hot weather, pushed up finished steel inventories at major warehouses, raising fears of…
Iron ore futures jumped on Monday after Rio Tinto suspended work at its Simandou project in Guinea following a fatal incident involving a contractor employee, raising concerns of delays to the mine's production start…
Turkey's scrap import prices held steady this week at USD 345-347 per ton CFR, as local steel mills remained cautious with purchases amid sluggish finished steel sales. Scrap suppliers resisted cutting prices, pointing…
Iron ore futures retreated on Friday as concerns over weakening steel demand weighed on sentiment. Despite strong margins keeping Chinese steel mills running at high output levels, demand has softened in recent weeks…
Emirates Steel, a subsidiary of EMSTEEL Group, has raised rebar prices for its September output. The company has raised rebar prices by AED 110 (USD 30) per ton, setting the new level at AED 2,590 (USD 705) per ton on…
The Saudi Iron and Steel Company (Hadeed) has left its long steel prices unchanged for September production. The company's rebar (12-32 mm) remains at SAR 2,130 (USD 566) per ton, while its wire rod (6.5-16 mm) stays at…
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