Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Chinese exports of hot rolled (HR) steel (HS 7208), including coils and plates, to GCC countries remained under pressure in July 2026, despite easing Chinese export prices, as prolonged logistics disruptions, high…
China's iron ore futures fell on Monday, extending their recent decline, as weak steel mill margins and subdued steel demand continued to weigh on the market. Market participants said worsening profitability is…
Turkey's scrap import prices increased this week as improving finished steel demand encouraged mills to increase buying interest, while limited scrap availability and higher freight and collection costs continued to…
Wire rod prices in the GCC remain firm amid high production costs, tight regional availability and elevated freight costs, despite relatively moderate trading activity. In Saudi Arabia, Hadeed has raised its September…
China's iron ore futures fell on Friday as uncertainty over a recovery in steel demand continued to weigh on market sentiment. Market insiders said Chinese steel demand remains weak, with expectations for the…
China's iron ore futures fell on Thursday as weak steel mill margins continued to weigh on demand sentiment. Market insiders said Chinese steel mills remain cautious about iron ore restocking, with squeezed margins…
Turkish steelmaker Kardemir has raised its rebar and wire rod prices in its latest price list. The company is offering 12-32 mm rebar at TRY 29,750 (USD 614) per ton EXW, excluding VAT, up from TRY 28,625 per ton (USD…
China's iron ore futures edged lower on Wednesday as demand sentiment remained mixed, with tight steel mill margins and a lack of substantial improvement in steel demand weighing on the market. Market insiders said…
Saudi Arabia's billet market remains heavily affected by logistics disruptions, with tight vessel availability, high freight costs and lengthy berthing delays continuing to complicate imported supply. At the same time…
China's iron ore futures rose on Tuesday, extending the previous day's gains, as expectations of pre-holiday restocking and firmer sentiment across the steel market continued to support prices. Analysts said steel mills…
Lebanon's steel imports declined by around 8pct YoY to 432,800 tons in Jan-Jul 2026, from 470,600 tons in the corresponding period of 2025, according to Lebanese Customs data. Rebar under HS code 7214 remained by far…
China's iron ore futures rose on Monday, supported by expectations of increased steel mill restocking ahead of China's October National Day holiday, although concerns over steel demand remain. Market insiders said…
Turkey's scrap import prices increased this week as tighter availability and firm freight costs supported the market. MESTEEL assessed HMS 1&2 (80:20) at USD 375-380 per ton CFR Turkey, up USD 5 per ton week-on-week…
China's iron ore futures rose on Friday, supported by near-term supply-side factors, although cautious steel demand continued to limit the upside. A weekly decline in iron ore port inventories provided support to…
China's iron ore futures rebounded on Thursday, supported by renewed restocking interest from steel mills, although cautious steel demand continued to limit the upside. Market sentiment remained mixed, with Chinese…
GCC flat steel buyers continue to face uncertainty over imported supply as vessel availability, freight costs and disruptions around key shipping routes complicate procurement. The situation is forcing buyers and…
China's iron ore futures dropped on Wednesday as concerns over steel demand limited buying interest. Market sentiment has cooled following the recent rally, with traders increasingly focused on the gap between…
Asian HRC prices have strengthened in recent weeks, supported by rising raw material costs in China and expectations of improving seasonal demand, although buying interest remains cautious in several markets. In China…
China's iron ore futures remained broadly stable on Tuesday as firmer raw material costs and expectations of seasonal demand were offset by cooler market sentiment. Market sentiment softened after the recent rally, with…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has kept its domestic rebar prices unchanged for September production, while raising wire rod prices by SAR 100-125 (USD 27-33) per ton. Hadeed is offering 12-32 mm…
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