Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures rose on Thursday, driven by concerns over supply disruptions in Australia. Rio Tinto, a major iron ore supplier, announced that it had begun clearing vessels from two Western Australian ports as it…
Turkish steelmaker Kardemir has raised its rebar and wire rod prices, reflecting the recent uptrend in scrap prices. The company now offers 12-32 mm rebar at TRY 20,415 (USD 567) per ton EXW, up from TRY 19,460 (USD…
Iron ore futures declined in post-holiday trading on Wednesday, as the market opened cautiously, assessing trade tensions between the U.S. and China and the near-term outlook for steel demand. The latest round of…
Ezz Steel, one of Egypt's leading steel producers, has maintained its rebar prices for the domestic market for the fifth consecutive month. The company's rebar price remains at EGP 38,200 (USD 759) per ton EXW…
Turkey's scrap import prices rose this week, driven by supply disruptions due to winter conditions and increased restocking demand. Prices were assessed at 340-350 per ton CFR, up from 330-340 per ton CFR last week. The…
Saudi Iron and Steel Company (Hadeed) has released its long steel prices for February deliveries. The price of rebar (12-32 mm) remains unchanged at SAR 2,400 (USD 639) per ton, while wire rod (6.5-16 mm) has been…
Crude steel production in the Middle East rose slightly by 0.5pct YoY to 54.1 mln tons, but December output dropped by 4.5pct YoY to 4.6 mln tons, primarily due to lower Iranian production, according to the World Steel…
Iron ore futures rallied on Monday during pre-holiday trading, supported by firm near-term demand ahead of China's week-long Chinese New Year holiday (January 28-February 4), with trading set to resume on February 5…
Turkey's scrap import prices climbed this week, driven by fresh bookings from Turkish steel mills. Prices were assessed at USD 330-340 per ton CFR, up from USD 325-335 per ton CFR last week. The rise was supported by…
Dalian iron ore futures rose on Friday, supported by stable steel production levels and improved sentiment surrounding U.S.-China trade relations. Daily crude steel output from member mills of the China Iron and Steel…
Emirates Steel, a part of the EMSTEEL group, has announced stable rebar prices for February production. The price for rebar deliveries to Abu Dhabi is set at AED 2,660 (USD 724) per ton, while shipments to Dubai…
Turkish steelmaker Kardemir has updated its prices for rebar and wire rod, according to the latest price list. The company is now offering 12-32 mm rebar at TRY 19,460 (USD 546) per ton EXW, a slight decrease from the…
Turkish steel producer Kardemir has reduced its billet prices, according to its latest price list. The price for S235JR grade billets has been set at USD 480 per ton EXW, marking a USD 20 per ton decrease from the price…
Iron ore futures rose on Thursday as Beijing's latest support measures provided a lift to sentiment. However, weak market fundamentals capped the gains. China's financial regulators announced plans to channel hundreds…
Iron ore futures fell on Wednesday as a cautious sentiment gripped the market ahead of the holidays. The decline was fueled by comments from former U.S. President Donald Trump about potentially imposing a 10pct tariff…
Dalian iron ore futures continued to rise on Tuesday, driven by improving fundamentals that boosted market sentiment, despite ongoing concerns about demand. The iron ore market received support from rising steel…
Iron ore futures edged higher on Monday as a drop in weekly shipments from major miners to China supported positive sentiment. However, long-term uncertainties limited the gains. According to SMM shipping data, global…
Turkey's scrap import prices remain under pressure due to weak steel sales. This week, scrap import prices were assessed at USD 325-335 per ton CFR, down from USD 340-345 per ton CFR last week. Turkish steel mills are…
Turkish steelmaker Kardemir successfully sold a substantial quantity of rebar and closed sales on the same day after reducing its prices in the latest price list issued on January 16. In this round, the company offered…
Iron ore futures prices rose on Friday, driven by a batch of improved economic indicators that boosted market sentiment. China's December economic data significantly outperformed analysts' expectations, with Q4 GDP…
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