Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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642 news items in Global Prices. Show all
China's iron ore futures remained under pressure on Friday as weak steel mill profitability, expectations of rising global supply and cautious market sentiment weighed on prices. Steelmakers continue to face squeezed…
China's iron ore futures came under renewed pressure on Thursday as the market reopened after the week-long National Day holiday, with weak steel demand, rising inventories and poor mill profitability weighing on…
India's finished steel consumption increased 7.5pct YoY to 84.9 mln tons in April-September FY27, according to provisional data from the Ministry of Steel. Finished steel production rose 3.7pct YoY to 81.8 mln tons…
Vietnamese steelmaker Formosa Ha Tinh Steel has increased its domestic HRC prices for November-December delivery, with SAE1006 and SS400 grades now offered at around USD 546-558 per ton CIF Vietnam, depending on order…
Nippon Steel has raised domestic prices for flat steel products by JPY 5,000 (USD 32) per ton for November deliveries, according to the local media reports. The increase applies to all flat steel products for domestic…
Asian HRC markets are showing mixed conditions in early October, with mills in India and Southeast Asia maintaining firm offers while buying interest remains cautious. Chinese prices are broadly stable amid weak demand…
Vietnam's leading steelmaker Hoa Phat Group has raised its domestic HRC prices for November delivery by around USD 10 per ton month-on-month. Non-skinpass SAE1006/SS400 HRC is currently offered at around USD 555 per ton…
China's iron ore futures edged higher on Wednesday as the country's manufacturing sector returned to growth in September, although weak steel demand and cautious mill procurement continued to limit gains. China's…
China's iron ore futures fell further on Tuesday as weak steel continued to weigh on prices, while pre-holiday restocking provided limited support. Market participants said narrowing steel mill margins and subdued iron…
China's iron ore futures fell on Monday as pre-holiday restocking demand weakened, while weak steel demand continued to weigh on the market. Market insiders said pre-holiday restocking has largely run its course…
China's iron ore futures were largely unchanged on Thursday as expectations of tighter Brazilian supply and high freight rates were offset by weakening steel demand and high iron ore inventories at Chinese ports. Market…
China's iron ore futures edged higher on Wednesday as concerns over Brazilian supply provided support, although weakening steel mill profitability and expectations of lower steel output limited the upside. Market…
China's iron ore futures declined on Tuesday as ample supply and rising port inventories weighed on sentiment, although pre-holiday restocking by steel mills and high freight costs continued to provide support. Chinese…
China's iron ore futures traded rangebound on Monday as pre-holiday restocking by steel mills provided support, while high inventories and weak mill profitability limited upward momentum. Analysts said steel mills are…
China's iron ore futures moved higher on Friday, but the wider ferrous complex came under pressure as coking coal and coke prices fell sharply following renewed expectations of improved coal supply. Weak steel demand…
China's iron ore futures moved higher on Thursday, supported by pre-holiday restocking by steel mills, although weak mill profitability continued to limit the upside. Market insiders said mills are booking cargoes ahead…
China's iron ore futures edged higher on Wednesday as improving market sentiment, expectations for steel production cuts and possible policy support offset continued concerns over weak steel demand and mill…
Asian HRC prices have remained generally firm since the beginning of September, supported by higher raw material costs, firmer domestic steel prices and expectations of improving demand, although buying sentiment…
Tokyo Steel, Japan's leading electric arc furnace (EAF) steelmaker, has raised its flat steel prices by JPY 3,000 (USD 19) per ton for October sales, while keeping long steel prices unchanged. The company's HRC prices…
China's iron ore futures edged lower on Tuesday as weak steel demand, poor mill profitability and continued concerns over production cuts kept market sentiment under pressure. Market insiders said negative sentiment…
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