Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures declined on Tuesday as weak steel market fundamentals continued to weigh on sentiment, with the outlook for demand remaining uncertain. Market sources said the seasonal slowdown in steel consumption has…
Iron ore futures edged higher on Monday as relatively high Chinese steel production continued to provide near-term support. However, gains remained limited as high portside inventories, shrinking steel mill margins and…
Turkish imported scrap prices extended their decline this week as weak finished steel demand, softer export prospects and cautious mill buying continued to pressure the market. MESTEEL assessed HMS 1&2 (80:20) import…
Iron ore futures declined on Friday as the market shifted its focus back to weak fundamentals after a brief recovery in the previous session driven by reports that China's state-owned iron ore buyer had restricted…
Iron ore futures rose on Thursday after reports that China Mineral Resources Group (CMRG) had instructed some steel mills to stop purchasing certain low-grade Fortescue iron ore fines from Chinese ports starting July…
Turkey's steel imports declined sharply in May 2026 as domestic demand softened, while crude steel production continued to increase, according to data released by the Turkish Steel Producers' Association (TCUD). Steel…
Iron ore futures fell on Wednesday as weak steel market fundamentals continued to weigh on market sentiment. Demand for finished steel remained subdued, with prices coming under pressure amid ample supply and seasonally…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has reduced domestic prices for its long steel products by SAR 130 (USD 35) per ton for July production. The company is offering 12-32 mm rebar at SAR 2,800 (USD 746)…
Iron ore futures rose on Tuesday after positive Chinese manufacturing data provided support to the market, although concerns over steel demand continued to limit gains. China's official Purchasing Managers' Index (PMI)…
Iron ore futures advanced on Monday, supported by resilient Chinese steel production despite continued concerns over weak steel demand and rising global supply. Although iron ore continues to face supply-side pressure…
Turkish imported scrap prices continued to decline this week as weak finished steel demand, falling rebar prices and limited booking activity kept pressure on the market. MESTEEL assessed HMS 1&2 (80:20) import prices…
Iron ore futures edged higher on Friday after reversing earlier losses, supported by resilient Chinese steel output, although the medium-term outlook remained bearish. Data from the China Iron and Steel Association…
Turkish steel producer Kardemir has reduced domestic rebar prices in its latest sales round. The company is offering 12-32 mm rebar at TRY 26,675 (USD 573) per ton EXW, excluding VAT, down from TRY 26,875 (USD 583) per…
Iron ore futures declined on Thursday as persistent concerns over steel demand continued to weigh on market sentiment. The seasonal slowdown in Chinese steel consumption has led to rising inventories of finished steel…
Turkish steel producer Kardemir has lowered domestic wire rod prices amid continued pressure on long steel markets. According to the company's latest price list, 5.5 mm SAE 1006 grade wire rod is being offered at USD…
Iron ore futures rebounded on Wednesday, supported by short-term restocking activity by Chinese steel mills following recent price declines, although the broader market outlook remained bearish. Market insiders said…
Iron ore futures moved lower on Tuesday, pressured by a combination of soft steel demand expectations and supply-side pressure that continued to dampen market confidence. Market analysts said Chinese steel mills are…
UAE-based Emirates Steel, part of EMSTEEL Group, has increased domestic rebar prices for July production. The company raised prices for 12-32 mm rebar by AED 100 (USD 27) per ton to AED 2,921 (USD 795) per ton EXW…
Imports of semi-finished and finished steel products (HS 7207-7229) increased by 40.4pct YoY to 100,162 tons during January-April 2026, according to customs data reviewed by MESTEEL. The increase was driven almost…
Iron ore futures extended their downward movement on Monday, pressured by high supply and sluggish steel consumption. Prices also came under pressure from falling coking coal futures after supply concerns eased, with…
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