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 Tuesday as market sentiment remained weak due to anti-dumping duties on Chinese steel imposed by key buyers and a recovery in iron ore supply. Concerns over steel demand resurfaced…
Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for March production will remain unchanged. The company's price for rebar deliveries to Abu Dhabi is set at AED 2,660 (USD 724) per ton…
Dalian iron ore futures fell on Monday as growing protectionist measures against Chinese steel dampened market sentiment. Vietnam, the largest market for Chinese HRC, has announced temporary anti-dumping duties on HRC…
Turkey's scrap import prices remained stable this week at USD 350-360 per ton CFR, despite weak steel demand, as restocking by Turkish steel producers provided support. Limited scrap collection during the winter also…
Iron ore futures rose on Friday, driven by recovering steel demand and expectations of further stimulus, boosting market sentiment. Steel demand in China rebounded sharply this week, particularly for rebar, which…
Iron ore futures surged on Thursday, driven by strong steel demand and improved market sentiment. According to market insiders, domestic steel demand remains robust, particularly in the rebar segment, where trades have…
Turkish steelmaker Kardemir has lowered its rebar and wire rod prices in response to weak domestic steel demand. The company now offers 12-32 mm rebar at TRY 19,875 (USD 548) per ton EXW, down from TRY 20,415 (USD 567)…
Iron ore futures extended gains on Wednesday, driven by cautious optimism over improving steel demand and expectations of stimulus measures. China's iron ore imports are expected to be impacted by recent supply…
Iron ore futures rebounded on Tuesday as improving steel demand lifted market sentiment. Industry insiders noted a pickup in downstream steel consumption this week, providing further support to iron ore prices. Adding…
Iron ore futures fell on Monday as supply concerns eased following the reopening of Western Australia's Port Hedland, the world's largest iron ore hub. The port resumed operations after Tropical Cyclone Zelia passed…
Turkey's scrap import prices rose further this week, but the increase dampened buying interest from local steel mills due to weak demand for finished steel. Scrap prices were assessed at USD 350-360 per ton CFR, up from…
Turkish steel producer Kardemir has raised its billet prices, according to its latest price list. The price for S235JR grade billets has been set at USD 490 per ton EXW, reflecting a USD 10 per ton increase from the…
Dalian iron ore futures continued to decline on Friday as weak steel demand and escalating trade tensions weighed on market sentiment. Steel consumption in China remained sluggish after the Lunar New Year holidays…
Iron ore futures fell on Wednesday as escalating trade tensions and concerns over excess steel supply weighed on market sentiment, despite supply disruptions in Australia. The White House announced that President Donald…
UAE-based EMSTEEL, one of the region's largest publicly traded steel and building materials manufacturers, has announced its preliminary (unaudited) financial results for 2024. The company reported revenues of AED 8.3…
Iron ore futures recovered on Wednesday as supply concerns resurfaced, lifting commodity markets after a sharp decline triggered by former U.S. President Donald Trump's announcement of tariffs on steel and aluminum…
Iron ore futures reversed earlier gains and declined on Tuesday as demand concerns grew following new steel tariffs announced by U.S. President Trump. Futures had risen in the morning session due to supply disruptions…
Iron ore futures rose on Monday as improving market fundamentals boosted sentiment, despite renewed tariff threats from U.S. President Trump. Trump announced plans to impose new 25pct tariffs on all steel and aluminum…
Turkey's scrap import prices continued to rise this week as Turkish steel mills booked new cargoes at higher rates. Prices were assessed at USD 345-355 per ton CFR, up from USD 340-350 per ton CFR last week. The…
Iron ore futures extended gains on Friday, driven by improved market fundamentals and positive sentiment. Steel production increased this week following the Chinese New Year holidays, with several blast furnaces ramping…
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