Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
Got a story for the Middle East steel market? Submit news
950 news items in Featured. Show all
Iron ore futures edged higher on Monday, supported by robust trade figures, though lingering concerns over demand tempered gains. China's exports rose 5.8pct YoY in June 2025 (in USD terms), according to customs data…
Turkey's imported scrap market saw a slight uptick this week, even as sluggish finished steel sales slowed buying activity. Current import offers are assessed at USD 340-345 per ton CFR, up slightly from last week's USD…
Iron ore futures extended their rally on Friday, driven by solid near-term fundamentals and optimism over potential regulatory action from Beijing aimed at curbing aggressive price competition in the steel sector…
Iron ore futures climbed for a third consecutive session on Thursday, supported by growing expectations of fresh stimulus and regulatory action from Beijing aimed at curbing aggressive price competition. Investor…
Turkish steel producer Kardemir has issued updated prices for wire rod and rebar, according to its latest price list. The company reduced wire rod prices by USD 10 per ton compared to the last week of June. It is now…
Iron ore futures extended their gains on Wednesday, supported by firm short-term fundamentals, though gains were limited by mixed economic data and persistent concerns over demand. Despite a decline in overall output…
Iron ore futures edged slightly higher on Tuesday, supported by firm short-term fundamentals, though gains were limited by a weakening demand outlook. Chinese steel mills continue to operate at elevated output levels…
Iron ore futures declined on Monday as weakening demand fundamentals weighed on market sentiment. Data from the China Iron and Steel Association (CISA) showed that average daily crude steel output among key member mills…
Turkey's scrap import prices came under pressure this week, as sluggish finished steel sales kept mills cautious. Current import offers are assessed in the range of USD 335-345 per ton CFR, as compared to USD 345 per…
Ezz Steel, one of Egypt's leading steel producers, has maintained its rebar prices unchanged for July, extending its streak of price stability to nine consecutive months. The current price remains at EGP 38,200 (USD…
Iron ore futures rose further on Friday, supported by firm near-term fundamentals and renewed policy backing from Beijing. Higher production by blast furnace-based steelmakers, driven by strong profit margins, continued…
Pakistani flat steel producers International Steels Limited (ISL) and Aisha Steel have announced a PKR 8,000 (USD 25) per ton reduction in cold rolled coil (CRC) and galvanized coil prices, effective July 2, 2025. This…
Iron ore futures rallied on Thursday, driven by optimism that Beijing may roll out policy measures to stabilize its industrial sector. Investors responded positively to signals from Beijing, where top officials pledged…
Turkish steelmaker Kardemir has reduced its billet prices by USD 10 per ton, according to its latest price list, compared to the levels announced on June 11, 2025. As per the updated pricing, S235JR grade billets are…
Iron ore futures climbed on Wednesday, supported by strong steel production, particularly from blast-furnace-based mills that are currently enjoying healthy profit margins thanks to lower raw material costs. The…
The Saudi Iron and Steel Company (Hadeed) has reduced its long steel prices for June. The company's rebar (12-32 mm) prices were lowered by SAR 100 (USD 27) per ton, now offered at SAR 2,130 (USD 566) per ton. Wire rod…
Iron ore futures fell on Tuesday as market sentiment remained cautious amid an uncertain demand outlook. Concerns over demand were heightened by rumors that some Chinese cities may introduce steel production cuts for…
Iron ore futures inched higher on Monday, supported by steady steel production and some encouraging economic indicators, though gains were capped by lingering concerns over long-term demand. China's official…
Iron ore futures rebounded on Thursday, supported by firm near-term fundamentals and growing expectations of economic stimulus, despite lingering concerns over steel demand. Chinese blast furnace-based steelmakers…
Turkish steelmaker Kardemir has kept its wire rod prices unchanged, according to its latest price list. The company maintained prices at USD 590 per ton EXW for 5.5 mm SAE 1006 grade and USD 580 per ton EXW for 5.5 mm…
“Premium Content” marks a news item that needs a subscription to read in full.
