Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkey's scrap import prices remained broadly stable this week, with Turkish mills maintaining a cautious purchasing approach. MESTEEL assessed HMS 1&2 (80:20) at USD 375 per ton CFR Turkey, unchanged week-on-week…
China's iron ore futures strengthened on Monday, supported by tighter short-term supply, improving market sentiment and expectations of stronger steel demand ahead of the September peak season. China's iron ore arrivals…
The GCC beams market remains subdued amid seasonal weakness in demand, while shipping disruptions and higher freight costs are complicating imported supply. Due to geopolitical tensions and disruptions to seaborne…
China's iron ore futures edged lower on Thursday as rising coking coal and coke costs put further pressure on steel mills, while expectations of higher steel production and firmer seasonal demand provided some downside…
Turkish steelmaker Kardemir has concluded its latest sales round with higher billet and rebar prices, while firm scrap costs supported the increases. The producer sold S235JR-grade billet at USD 535 per ton EXW, up USD…
China's iron ore futures strengthened on Wednesday as improving expectations for steel production provided support to the market, although rising iron ore supply limited the upside. Market sentiment improved as steel…
GCC rebar mills continue to face limited billet availability as vessel delays complicate deliveries into key markets. MESTEEL's August assessment puts UAE billet at USD 640-650 per ton, with buyers in the UAE and Saudi…
UAE's Emirates Steel, part of EMSTEEL Group, has kept its rebar prices unchanged for September production. The company maintained its price for 12-32 mm rebar at AED 2,921 (USD 795) per ton EXW, excluding 5pct VAT…
China's iron ore futures edged lower on Tuesday as firm cost support failed to offset weaker iron ore fundamentals and cautious buying from steel mills. On the raw material side, coking coal remains firm, with tight…
GCC HRC availability is tightening as shipping disruptions and elevated freight costs make Chinese material increasingly difficult to secure, while Indian mills are gaining interest among UAE buyers. MESTEEL's last week…
Iron ore futures strengthened on Monday as firmer steel and raw material prices improved market sentiment, although rising iron ore supply and weak underlying steel demand remained concerns. The market has shifted…
Turkey's imported scrap prices remained range-bound this week, with Turkish steel mills showing limited buying interest amid weak finished steel demand and cautious purchasing. MESTEEL assessed HMS 1&2 (80:20) at USD…
Iron ore futures were broadly stable on Friday as near-term supply concerns provided some support, while weak steel demand and squeezed mill margins continued to limit the upside. Iron ore inventories fell recently on…
Turkish steel producer Kardemir has raised its domestic wire rod prices, according to the company's latest price list. The company is offering 5.5 mm SAE 1006 grade wire rod at USD 620 per ton EXW, while SAE 1008-1010…
Iron ore futures fell on Thursday as weak steel demand outweighed support from firmer coke and coking coal prices. Crude steel production among China Iron and Steel Association (CISA) member mills fell 3.4pct YoY to 473…
Chinese steel exports to GCC countries declined by 18pct YoY to 4.54 mln tons during the first half of 2026 from 5.54 mln tons a year earlier, according to MEsteel analysis of Chinese customs data covering steel…
Iron ore futures edged higher on Wednesday, supported by firmer coking coal and coke prices, although tight steel mill margins and weak underlying demand continued to limit the upside. Coking coal and coke markets…
Iron ore futures rebounded on Tuesday, supported by supply concerns and renewed expectations of further stimulus from Beijing, although weak downstream steel demand remained a key constraint on the market. The strike at…
Iron ore futures weakened on Monday as high port inventories and weaker Chinese economic data offset improving steel market sentiment and stronger coking coal prices. Chinese steel traders said finished steel…
Iron ore futures recovered on Friday, supported by stronger coking coal prices and improving sentiment in the Chinese steel market. Signs of better downstream activity ahead of September also provided some support…
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