Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Turkey's imported scrap prices softened slightly this week as steel mills maintained cautious purchasing amid weak finished steel demand and squeezed profit margins. HMS 1&2 (80:20) import prices were assessed at around…
Turkish steel producer Kardemir has increased domestic rebar prices in its latest sales round announced on May 21. The company set prices for 12-32 mm rebar at TRY 26,960 (USD 590) per ton EXW, compared with TRY 26,815…
UAE-based Emirates Steel, part of EMSTEEL Group, has increased rebar prices for June production. The company raised rebar prices by AED 100 (USD 27) per ton to AED 2,821 (USD 768) per ton EXW, excluding 5pct VAT. Market…
Iron ore futures remained under pressure on Friday amid rising supply levels and concerns over steel demand, although losses were limited by relatively firm near-term consumption. Higher shipments from major miners and…
Iron ore futures declined on Thursday as concerns over weaker steel demand continued to weigh on market sentiment. Some Chinese steel traders said that domestic steel demand remains relatively stable, though rising…
Iron ore futures posted modest gains on Wednesday, recovering from earlier losses as firm steel production levels in China continued to support near-term demand despite concerns over weaker seasonal steel consumption…
Iron ore futures declined on Tuesday as market sentiment weakened following reports of stricter steel capacity control measures in China. China's Ministry of Industry and Information Technology (MIIT) is planning to…
Iron ore futures remained under pressure on Monday amid continued uncertainty surrounding China's steel demand outlook and rising supply pressure from major miners. Market sentiment was weighed down by increased iron…
Turkey's imported scrap prices remained largely stable this week, as steel mills continued cautious procurement amid weak finished steel demand and squeezed margins. HMS 1&2 (80:20) import prices were assessed at around…
Pakistan's flat steel producers International Steels Limited (ISL) and Aisha Steel increased domestic prices for cold-rolled and galvanized steel products by PKR 5,000 (USD 18) per ton. Following the increase, ISL's 1…
Iron ore futures declined on Friday, pressured by high port-side inventories in China and concerns over the steel demand outlook, although relatively firm steel production levels limited losses. Market participants said…
Turkish steelmaker Kardemir opened a new billet sales round on May 13 and closed it after securing significant order volumes from the domestic market. The company offered S235JR-grade billet at USD 530 per ton EXW, down…
Dalian iron ore futures closed largely unchanged on Thursday, as firm near-term steel demand offset pressure from high port-side iron ore inventories and concerns over slowing steel production growth in China. Investors…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) increased domestic prices for its long steel products for May production, marking its second price revision this month. The company raised rebar (12-32 mm) prices by…
Iron ore futures increased on Wednesday, supported by cautious optimism over U.S.-China trade talks, although demand concerns persisted. Markets looked ahead to the high-level meeting between U.S. President Donald Trump…
Iron ore futures declined on Tuesday amid concerns that growth in Chinese steel production may be peaking, while high port-side inventories and rising global iron ore supply also pressured market sentiment. According to…
Iron ore futures increased on Monday, supported by firm steel demand in China and positive economic data. Chinese steel production remained stable, while mill margins improved amid stronger domestic steel demand and…
Turkey's import scrap prices remained stable this week, as firm supplier sentiment was offset by resistance from Turkish steel mills amid weak finished steel demand. HMS 1&2 (80:20) import prices were assessed at USD…
Iron ore futures edged lower on Friday as rising global supply and a slowing pace of restocking weighed on market sentiment. Higher iron ore shipments from major miners, coupled with high port inventories in China…
Iron ore futures extended gains on Thursday, supported by firm near-term steel demand in China. Chinese steel mills continued to maintain production levels amid steady downstream steel demand in the domestic market…
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