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 cautious demand outlook weighed on market sentiment. Earlier in the week, commodity markets had rallied, supported by easing tensions between Beijing and Washington. A decline in…
Iron ore futures posted gains on Thursday, supported by a positive near-term demand outlook following a major easing in trade tensions between the United States and China. However, lingering concerns over long-term…
Turkish steelmaker Kardemir has increased prices for its long steel products, according to the company's latest price list. The new price for 12-32 mm rebar is set at TRY 21,550 per ton EXW (USD 555), up from TRY 21,000…
Iron ore futures jumped on Wednesday, driven by positive market sentiment following a significant easing of trade tensions between the United States and China earlier this week. Beijing and Washington announced major…
Iron ore futures continued their upward momentum on Tuesday, supported by improving trade relations between Beijing and Washington. Market sentiment was lifted after US and Chinese officials announced plans to reduce…
Iron ore futures surged on Monday, driven by improved market sentiment following a reduction in trade tensions between China and the United States. The two countries announced an agreement to roll back tariffs on each…
Turkey's scrap import prices surged this week, driven by a series of new bookings at higher levels. Current prices are assessed at USD 335-340 per ton CFR, up from USD 325 per ton CFR last week. Scrap suppliers have…
Iron ore futures declined on Friday as a cautious demand outlook continued to dampen market sentiment. Slowing steel output growth, subdued post-holiday steel demand impacting mill profitability, and a bleak forecast…
Iron ore futures declined on Thursday as concerns over potential output curbs and softening steel demand weighed on market sentiment. The China Iron and Steel Association (CISA) confirmed that Beijing is actively…
Turkish steelmaker Kardemir has increased its rebar prices, according to the company's latest price list. The new price for 12-32 mm rebar is set at TRY 21,000 per ton ex-works (approximately USD 544), up from TRY…
Iron ore futures rose on Wednesday, supported by fresh stimulus measures from Beijing, though concerns over long-term demand continue to persist. Chinese authorities announced a series of economic support steps…
Ezz Steel, one of Egypt's leading steel producers, has kept its rebar prices unchanged for the eighth consecutive month. The price remains steady at EGP 38,200 (USD 753) per ton ex-works (EXW), inclusive of 14pct VAT…
Iron ore futures held steady on Tuesday, as cautious sentiment lingered in post-holiday trading. Market participants remained wary amid ongoing concerns about the global economic outlook. Last week, China's Ministry of…
Turkey's scrap import prices remained stable this week, signaling that the market may have finally bottomed out, despite sluggish purchasing activity from local steel mills. Current scrap import prices are assessed at…
The Saudi Iron and Steel Company (Hadeed) has released its new long steel prices for May deliveries. The company reduced rebar prices by SAR 70 (USD 19) per ton, bringing the new price to SAR 2,280 (USD 607) per ton. In…
Iron ore futures declined on Wednesday, pressured by mounting concerns over long-term demand. The market faces several headwinds, including the potential for steel production cuts, hinted at by Baosteel earlier this…
Iron ore futures edged higher on Tuesday, supported by near-term demand, though gains were capped by ongoing concerns over long-term consumption. Pre-holiday restocking ahead of the May holidays and increased steel…
Iron ore futures prices fell on Monday as concerns over potential steel production cuts weighed on market sentiment. The decline followed comments from major steel producer Baosteel, which suggested that a nationwide…
The downward trend in Turkish scrap import prices continued this week, driven by increased availability of scrap cargoes and a cautious buying approach from Turkish steel mills, amid sluggish demand for finished steel…
Turkish steelmaker Kardemir has reduced its rebar prices, according to the company's latest price list. The new price for 12-32 mm rebar is set at TRY 20,700 (USD 540) per ton ex-works, down from TRY 21,165 (USD 556)…
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