Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures extended losses on Wednesday, weighed down by a weak demand outlook. Market sentiment remained bearish amid rising shipments from major miners and expectations of a seasonal slowdown in steel demand…
Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for July production will remain unchanged for the fifth month in a row. The company has maintained its rebar price at AED 2,480 (USD…
Iron ore futures declined on Tuesday, pressured by an increase in shipments from major producers and lingering uncertainty over steel demand. Market sources noted that iron ore shipments from Australia and Brazil surged…
Iron ore futures rose on Monday, supported by steady near-term demand, though gains were limited by persistent concerns over future consumption. Chinese steel mills, particularly those using blast furnaces, kept…
Turkey's scrap import prices held largely steady this week, as buying activity slowed significantly due to weak demand for finished steel. Current scrap import offers are hovering around USD 340 per ton CFR, a slight…
Dalian iron ore futures rose on Friday, supported by steady steel production and resilient demand. However, the broader market outlook remains uncertain. Chinese blast furnace-based steel mills continue to operate…
Iron ore futures posted modest gains on Thursday, supported by higher steel production. Although overall steel output has slowed, mills are still operating at relatively high levels, limiting the drop in iron ore…
Turkish steelmaker Kardemir has updated its rebar prices, according to its latest price list. The new price for 12-32 mm rebar is set at TRY 21,460 per ton EXW (USD 544), reflecting a slight decrease from TRY 21,585 per…
Iron ore futures fell on Wednesday, pressured by weak demand due to a seasonal slowdown in steel consumption. The summer lull has led several steel producers to scale back output, with China's crude steel production…
Iron ore futures edged down on Tuesday as market sentiment remained cautious amid an uncertain demand outlook. A seasonal slowdown in steel demand has led to reduced steel production, weighing on market confidence…
Iron ore futures inched higher on Monday, supported by encouraging economic data, though the overall demand outlook remains weak. China's retail sales in May grew at their fastest pace since late 2023, boosted by…
Turkey's scrap import prices fell this week, pressured by sluggish steel demand following the Eid holidays. Current scrap import offers are in the range of USD 335-340 per ton CFR, marking a decrease of USD 5-10 per ton…
Iron ore futures edged lower on Friday as market sentiment was weighed down by a weakening demand outlook. Rising iron ore inventories at major Chinese ports, driven by higher arrivals and slower offtake, added to…
Turkish steelmaker Kardemir has lowered its wire rod prices, according to the company's latest price list. The company's wire rod prices have been reduced by USD 10 per ton as compared to the prices announced on May 14…
Iron ore futures declined on Thursday, as lingering concerns over weak demand overshadowed the positive sentiment sparked by encouraging developments in U.S.-China trade talks. U.S. President Trump commented favorably…
Turkish steel producer Kardemir has decreased its billet prices, according to the company's latest price list. Prices have been decreased by USD 5 per ton compared to prices announced on May 22, 2025. The company is now…
Iron ore futures rebounded on Wednesday, supported by renewed optimism in U.S.-China trade talks, although concerns about demand continued to weigh on the market. According to media reports, negotiators from both…
Iron ore futures fell on Tuesday, weighed down by a bearish demand outlook amid rising shipments and expectations of weakening steel consumption. According to analysts, weekly shipments from key suppliers Australia and…
Iron ore futures fell on Monday, pressured by weak economic indicators that dampened market sentiment. China's consumer prices declined for a fourth consecutive month in May, despite government efforts to boost domestic…
Iron ore futures recovered on Wednesday, although the demand outlook for this crucial steelmaking ingredient remains uncertain. The recent gains were largely driven by profit-taking, as traders capitalized on short-term…
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