Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkish imported scrap prices moved lower this week as sluggish finished steel demand, falling rebar prices and limited booking activity continued to pressure the market. HMS 1&2 (80:20) import prices were assessed at…
The signing of a memorandum of understanding (MoU) between the United States and Iran has improved sentiment across the Gulf steel market, raising hopes for the gradual restoration of trade flows through the Strait of…
Iron ore futures declined on Thursday as falling oil prices after the memorandum of understanding between the United States and Iran, coupled with concerns over weakening Chinese steel demand, weighed on market…
Iron ore futures continued to decline on Wednesday as rising supply, weakening steel demand and deteriorating mill margins weighed on market sentiment. Market insiders said Chinese steel production may be nearing a…
Iron ore futures fell on Tuesday as weak Chinese property sector data and concerns over deteriorating steel mill margins weighed on market sentiment. China's property market, once the country's largest steel-consuming…
Turkish imported scrap prices remained largely stable this week, although trading activity continued to be subdued as steel mills limited purchases amid weak finished steel demand. HMS 1&2 (80:20) import prices were…
Iron ore futures fell on Friday as abundant supply and weakening steel demand continued to weigh on market sentiment. The market remained under pressure from high iron ore inventories at Chinese ports. Market insiders…
Iron ore futures declined on Thursday as rising supply and weak steel demand continued to weigh on market sentiment. Market insiders said rising iron ore supply, coupled with weakening margins at Chinese steel mills and…
Iron ore futures rebounded on Wednesday, supported by positive Chinese economic data, although concerns over the demand outlook continued to limit gains. The market also drew support from a month-on-month increase in…
Iron ore futures extended their losses on Tuesday as weak steel demand and ample supply continued to weigh on market sentiment. The key steelmaking raw material remains under pressure from rising global supply and high…
Iron ore futures moved lower on Monday as concerns over slowing steel demand and high supply levels continued to weigh on market sentiment. Analysts noted that port-side trading activity has slowed, while iron ore…
Turkey's imported scrap prices weakened this week as steel mills continued to limit purchases due to weak finished steel demand. HMS 1&2 (80:20) import prices were assessed at around USD 400 per ton CFR, down from USD…
Iron ore futures declined on Friday as concerns over weakening steel demand and pressure on Chinese steel mill margins continued to weigh on market sentiment. Higher coking coal prices and the seasonal slowdown in steel…
Iron ore futures extended losses on Thursday as concerns over weakening steel demand and pressure on Chinese steel mill margins continued to weigh on market sentiment. Market insiders noted that steelmakers are facing…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has maintained domestic prices for its long steel products for June production. The company is offering rebar (12-32 mm) at SAR 2,930 (USD 781) per ton and wire rod…
Iron ore futures declined on Wednesday as concerns over weakening steel demand continued to weigh on market sentiment. The outlook for iron ore remained under pressure amid expectations of slower steel consumption…
Iron ore futures post gains on Tuesday, supported by a continued rally in coking coal prices, although the broader outlook for the steelmaking raw material remained pressured by concerns over weakening steel demand and…
Iron ore futures edged lower on Monday as concerns over weak steel demand and seasonal consumption slowdown outweighed support from a sharp rally in coking coal prices. Meanwhile, coking coal and coke futures surged…
Pakistani flat steel producers International Steels Limited (ISL) and Aisha Steel have increased domestic prices for cold rolled and galvanized steel products by PKR 3,000 (USD 11) per ton, marking their second price…
Chinese coking coal and coke futures rose sharply on Monday following a deadly mining accident in Shanxi province over the weekend, raising concerns over tighter coal supply due to potential nationwide safety…
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