Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures slipped on Friday as traders remained cautious over weak demand prospects and the absence of significant stimulus measures from Beijing. Market sentiment had already been weighed down earlier in the…
Iron ore futures fell further on Thursday as demand concerns resurfaced following weaker-than-expected factory activity in China. The country's official manufacturing PMI dropped to 49.3 in July, down 0.4 points from…
Iron ore futures slipped on Wednesday, reversing earlier gains after a key policy meeting in Beijing concluded without any major stimulus announcements to support economic growth. Chinese leaders signaled they would…
Iron ore futures edged higher on Tuesday, supported by firm short-term fundamentals. Steelmakers using blast furnaces have maintained high production levels, buoyed by healthy profit margins. Additionally, lower…
Coking coal futures slumped on Monday after the Dalian Commodity Exchange (DCE) announced new trading restrictions aimed at curbing speculative activity, prompting investors to take profits. Effective from the night…
Turkey's scrap import prices held steady this week at USD 340-345 per ton CFR, but buying activity picked up amid improved domestic steel demand. The increase in scrap purchases coincided with improved local steel sales…
Turkish steelmaker Kardemir has increased its billet prices by USD 15 per ton in its latest sales round, according to its latest price list, compared to the levels announced early this month. As per the updated pricing…
The Saudi Iron and Steel Company (Hadeed) has maintained its long steel prices for August production. Rebar (12-32 mm) remains priced at SAR 2,130 (USD 566) per ton, while wire rod (6.5-16 mm) is unchanged at SAR 2,320…
Iron ore futures fell on Friday as rising supply stoked concerns among traders, although the near-term outlook remains firm due to resilient steel production. Exports from Australia's Port Hedland rose to 49.1 mln tons…
Iron ore futures extended their decline on Thursday, pressured by rising supply from major producers. In contrast, coking coal prices continued to climb amid persistent supply concerns. Brazil's Vale reported a 3.7pct…
Turkish steel producer Kardemir has announced updated prices for wire rod and rebar in its latest price list. The company increased wire rod prices by USD 10 per ton compared to the second week of July. It is now…
Coking coal futures surged to the daily upper limit on Wednesday, driven by concerns over potential supply disruptions following reports of a government inspection into coal mine production. According to local media…
Emirates Steel, a subsidiary of EMSTEEL Group, has kept rebar prices for August production unchanged for the sixth consecutive month. The company's price remains at AED 2,480 (USD 675) per ton on EXW basis. The above…
Iron ore futures continued to climb on Tuesday, supported by strong near-term demand and optimism around potential stimulus measures. Market sentiment was buoyed by news that China has begun construction on what will…
Iron ore futures surged, supported by the announcement of a major hydropower project and growing optimism over potential government stimulus measures. On Saturday, Chinese Premier Li Qiang announced the launch of a…
Turkey's imported scrap prices remained largely stable this week, as buying activity slowed due to weak finished steel sales and resistance from steel mills to accept higher scrap offers. Import offers were assessed in…
Iron ore futures rose on Friday, supported by firm near-term fundamentals and expectations of upcoming policy support from Beijing. Healthy profit margins have prompted blast furnace-based steel mills to boost…
Iron ore futures extended gains on Thursday, supported by short-term supply constraints and firm steel production. A decline in iron ore inventories at major Chinese ports and improved profit margins has encouraged…
Iron ore futures rose on Wednesday, supported by firm near-term fundamentals despite lingering demand concerns. While overall steel production has declined, blast furnace-based producers have maintained high output…
Iron ore futures edged up slightly on Tuesday, buoyed by encouraging economic data from China, though lingering demand concerns limited further gains. China's GDP grew 5.2pct YoY in Q2 2025, according to the National…
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