Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Dalian iron ore futures slipped on Tuesday as concerns grew over weaker demand prospects and rising shipments from major iron ore miners. The World Steel Association forecasts a 0.9pct decline in global steel demand to…
Iron ore futures rose on Monday, driven by renewed expectations of additional fiscal stimulus from Beijing, following weak economic data that lifted market sentiment. Data from China's National Bureau of Statistics…
Turkey's scrap import prices surged this week as Turkish steel mills continued to secure more cargoes to replenish inventories, driven by improved steel demand. Scrap prices rose to USD 385-390 per ton CFR, up from USD…
Turkey's Ministry of Commerce has imposed definitive anti-dumping duties on HRC imports, both alloyed and non-alloyed, from China, India, Japan, and Russia, according to an official gazette notification. The…
Iron ore futures recovered on Friday as markets anticipated further fiscal stimulus announcements by Beijing ahead of a key press conference. China's Finance Minister is set to outline plans to intensify fiscal stimulus…
Turkish steel producer Kardemir has raised its billet prices by USD 20 per ton, according to the latest price list. The new price for S235JR grade billets is USD 550 per ton EXW, while B420 grade billets are priced at…
Iron ore futures continued their decline on Thursday, despite gains earlier in the session, as uncertainty surrounding Beijing's stimulus measures weighed on the market. Futures initially rose after reports that China's…
Turkish steel producer Kardemir has announced updated rebar and wire rod prices in its latest price list. The company is now offering rebar (12-32 mm) at TRY 22,000 (USD 642) per ton, up from TRY 21,500 (USD 628) per…
Iron ore futures extended losses on Wednesday, as the lack of additional stimulus measures dampened market sentiment. The sharp rally seen before the holidays cooled off after a press briefing by the National…
Ezz Steel, a leading Egyptian steel producer, has lowered its rebar prices for the domestic market. The company is now offering rebar at EGP 38,200 (USD 789) per ton, down from the previous price of EGP 40,700 (USD 862)…
Iron ore futures reversed earlier gains and posted a loss in post-holiday trading on Tuesday, as markets were disappointed by a recent statement from the National Development and Reform Commission (NDRC), which dampened…
Turkey's scrap import prices surged this week, driven by improved market sentiment and a positive outlook following the rise in Chinese steel prices. Scrap prices were assessed at USD 380-385 per ton CFR, up from USD…
Turkish steel producer Kardemir has increased its rebar prices in the latest sales round, according to the company's updated price list. Market insiders noted that the company sold significant volumes and closed sales…
Turkey's crude steel production surged by 14.8pct YoY, reaching 24.8 mln tons in the first eight months of 2024, according to data from the Turkish Steel Producers' Association (TCUD). In August 2024 alone, production…
Iron ore and other raw materials, along with steel futures, posted sharp gains during pre-holiday trading on Monday, driven by Beijing's latest stimulus measures that have improved market sentiment and the outlook for…
Turkey's scrap import prices held steady this week as Turkish steel mills booked several cargoes to replenish inventory. Scrap import prices were assessed at USD 360-365 per ton CFR. In the finished steel segment…
Kardemir, one of Turkey's major steel producers, has announced updated prices for its steel sections. The company is now offering IPE-NPU sections at USD 680-885 per ton EXW for sizes ranging from 180-600 mm, compared…
Iron ore futures extended their rally for a fourth consecutive session on Friday, driven by Beijing's recent stimulus measures. This week, China's central bank announced a reduction in the reserve requirement ratio…
Saudi Iron and Steel Company (Hadeed) will reduce its long steel prices for October deliveries due to sluggish demand, according to market insiders. The company plans to lower the price of rebar (12-32 mm) by SAR 70…
Turkish steel producer Kardemir has launched a new round of billet sales, according to its latest price list. The company maintained the price of S235JR grade billets at USD 530 per ton EXW, while raising the price of…
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