Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkish steel producer, Kardemir has decreased billet and wire rod prices, according to its latest price list. Kardemir's S235JR grade 150 mm billet is now offered at USD 575 per ton EXW, representing a decrease from…
Saudi Iron and Steel Company (Hadeed) has decided to keep the prices of rebar and wire rod unchanged for the production in July. The company has maintained the pricing of rebar, ranging from 12-32 mm, and wire rod…
According to the latest data released by the World Steel Association, crude steel production in the Middle East witnessed a 1.1pct growth during the first four months of 2023, reaching a total of 18.7 mln tons compared…
Dalian iron ore futures continued their downward trajectory on Wednesday, as a bleak demand outlook weighed on market sentiment. Hopes for substantial stimulus measures ahead of the Chinese national holidays fizzled…
UAE's Emirates Steel Arkan (ESA) has announced that it will keep rebar prices unchanged for July production. ESA will continue offering rebar at AED 2,450 (USD 667) per ton CPT Abu Dhabi and AED 2,458 (USD 669) per ton…
Dalian iron ore futures continued their downward trend on Tuesday despite the Chinese central bank's reduction in a key lending benchmark rates, failing to provide a boost to the futures market. The People's Bank of…
Dalian iron ore futures experience decline as concerns over insufficient government stimulus and downgraded growth forecasts weigh on market sentiment. Goldman Sachs, joining other major investment banks such as UBS…
Turkish steel producer, Kardemir has announced an adjustment in rebar and billet prices, according to its latest price list. The company has increased the prices of 12-32 mm rebar sizes to TRY 15,000 (USD 635) per ton…
Dalian iron ore futures extended gains as the Chinese central bank reduced the borrowing cost of its medium-term policy loans for the first time in 10 months. China's medium-term lending facility serves as a funding…
Several steel manufacturers in Egypt have been compelled to halt or reduce production and even shut down their factories due to a shortage of foreign currency required for importing raw materials, according to a local…
On Wednesday, Dalian iron ore futures continued their upward trajectory, driven by market optimism surrounding potential stimulus measures following the recent interest rate cut by the People's Bank of China (PBOC). The…
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