Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures edged lower on Friday as fresh steel production curbs in Tangshan weighed on the demand outlook, while hopes for fresh policy support ahead of next week's Politburo meeting were tempered by doubts over…
Iron ore futures posted gains on Thursday as expectations of additional Chinese policy support ahead of next week's Politburo meeting lifted market sentiment, while higher freight costs increased the delivered cost of…
Turkish steelmaker Kardemir has increased domestic rebar prices in its latest sales round. The producer is offering 12-32 mm rebar at TRY 27,295 (USD 578) per ton EXW, excluding VAT, up from TRY 26,500 (USD 566) per ton…
Iron ore futures weakened on Wednesday as expectations of rising global supply continued to pressure the market, while increased blast furnace maintenance at Chinese steel mills added to concerns over near-term demand…
UAE's Emirates Steel, part of EMSTEEL Group, has kept its rebar prices unchanged for August production. The company maintained its price for 12-32 mm rebar at AED 2,921 (USD 795) per ton EXW, excluding 5pct VAT…
Iron ore futures declined on Tuesday as subdued steel demand and cautious purchasing by Chinese mills continued to pressure the market, while expectations of rising global supply kept sentiment weak. Market insiders…
Iron ore futures edged lower on Monday as weak steel demand continued to weigh on market sentiment, offsetting support from weather-related disruptions to iron ore arrivals in China. Market insiders said heavy rainfall…
Turkish imported scrap prices remained broadly stable this week as steel mills continued to purchase only limited volumes amid subdued finished steel demand and weak export activity. MESTEEL assessed HMS 1&2 (80:20)…
Iron ore futures edged higher on Friday as tighter port supplies and continued inventory drawdowns in China lent support to the market, although weak downstream steel demand continued to cap gains. Market insiders said…
Iron ore futures were little changed on Thursday as resilient Chinese steel production and a weekly drawdown in port-side inventories helped offset concerns over the medium-term demand outlook. According to the China…
Iron ore futures extended gains on Wednesday despite mixed steel market signals, while weak steel demand and slowing economic growth continued to cloud the medium-term outlook. China's crude steel production increased…
Iron ore futures gained on Monday, reversing earlier losses as supply concerns in Australia offset the weak outlook for steel demand and Chinese mill profitability. Iron ore prices found support after workers at BHP's…
Iron ore futures fell on Friday as the demand outlook remained weak, with seasonal slowdown in steel consumption continuing to pressure Chinese steel mills' margins. Market insiders said sluggish steel demand and rising…
Turkish imported scrap prices remained under pressure this week as weak finished steel demand, sluggish export sales and cautious mill buying continued to weigh on the market. MESTEEL assessed HMS 1&2 (80:20) import…
Iron ore futures rose slightly on Friday, supported by expectations of tighter near-term supply, although weak steel demand and declining hot metal output continued to limit further gains. Markets continued to balance…
Iron ore futures edged higher on Thursday, supported by concerns over a potential supply disruption at BHP's Port Hedland operations in Western Australia, although weakening steel demand continued to limit price gains…
Turkish steelmaker Kardemir has lowered domestic billet prices in its latest sales round. The producer offered S235JR-grade billet at USD 515 per ton EXW, while B420-grade billet was offered at USD 520 per ton EXW, both…
Iron ore futures rose on Wednesday, supported by concerns over a potential supply disruption at Port Hedland, the world's largest iron ore export terminal, although the medium-term outlook remained weak due to soft…
Turkish steelmaker Kardemir has lowered domestic rebar prices in its latest sales round amid subdued market conditions. The producer is offering 12-32 mm rebar at TRY 26,500 (USD 566) per ton EXW, excluding VAT, down…
Turkey's leading steel producer Kardemir has increased domestic prices for steel sections, according to its latest price list. The producer raised prices for IPE-NPU sections in sizes 180-550 mm to USD 670-760 per ton…
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