Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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According to the Turkish Steel Producers' Association (TCUD), Turkey's steel exports rose by 17.3pct YoY in the first four months of 2025, reaching 5 mln tons. Export value also increased by 7.6pct to USD 3.6 bln. In…
Iron ore futures declined in post-holiday trading on Tuesday, pressured by renewed demand concerns and the U.S. decision to double steel tariffs. Market sentiment was further dampened by escalating trade tensions, as…
The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for June deliveries. The company's rebar prices have been reduced by SAR 50 (USD 13) per ton, bringing the new rate to SAR 2,230 (USD 594)…
Ezz Steel, one of Egypt's leading steel producers, has maintained its rebar prices unchanged for June, marking the eighth consecutive month of price stability. The current price stands at EGP 38,200 (USD 768) per ton…
Turkey's scrap import prices remained unchanged this week, as suppliers resisted lower bids from domestic steel mills despite sluggish demand for finished steel. Current import offers are assessed in the range of USD…
Iron ore futures fell on Friday, pressured by declining steel production and subdued market sentiment during pre-holiday trading. Blast furnace-based steel mills are increasingly suspending operations for maintenance…
Iron ore futures ended a four-day losing streak on Thursday, lifted by improved market sentiment after a U.S. federal court blocked President Donald Trump's broader tariffs from taking effect. The court ruled that Trump…
Turkish steelmaker Kardemir has announced updated rebar prices, according to its latest price list. The new price for 12-32 mm rebar is set at TRY 21,585 per ton EXW (USD 553), slightly up from TRY 21,550 per ton EXW…
Iron ore futures continued to decline on Wednesday as a weak demand outlook weighed heavily on market sentiment. Recent signs of slowing steel production have raised concerns over iron ore consumption. Weaker demand for…
Iron ore futures continued to decline on Tuesday amid weakening demand fundamentals, driven by fresh reports of potential steel production cuts in China. Tang Zujun, vice-president of the China Iron and Steel…
Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for June production will remain unchanged for the fifth straight month. The company has maintained its rebar price at AED 2,660 (USD…
Iron ore futures fell on Monday as weakening steel production, driven by slowing demand, dampened market sentiment. According to the China Iron and Steel Association (CISA), average daily crude steel output among its…
Turkey's scrap import market increased this week, as suppliers pushed for increased prices despite resistance from Turkish mills. Current scrap import offers are assessed at USD 340-350 per ton CFR, compared with USD…
Iron ore futures declined on Friday, weighed down by softening steel demand and cautious market sentiment. The seasonal slowdown in steel consumption, typical during the summer months, has led to a slower pace of…
Turkish steel producer Kardemir has increased its billet prices, according to the company's latest price list. Prices have been raised by USD 15 per ton compared to earlier this month. The company is now offering S235JR…
Dalian iron ore futures rose slightly on Thursday, supported by firm near-term demand. However, gains were limited due to ongoing uncertainty surrounding long-term demand prospects. Steel production remained elevated…
Iron ore futures inched higher on Wednesday, though market sentiment remained subdued due to a cautious demand outlook. Near-term demand provided some support, as stable profitability encouraged steel mills to maintain…
Iron ore futures saw a modest uptick on Tuesday, supported by firm near-term demand, though broader market gains were limited by long-term economic concerns. Despite a month-on-month dip in steel production for April…
Iron ore futures declined on Monday, pressured by weak economic indicators from China that raised concerns over demand. China's economy showed signs of losing momentum in April amid ongoing trade tensions with the U.S…
Turkey's scrap import market extended its upward trend this week, supported by a series of new bookings at higher price levels. Current import prices are assessed at USD 340-345 per ton CFR, up from USD 335-340 per ton…
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