Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
Got a story for the Middle East steel market? Submit news
643 news items in Global Prices. Show all
Dalian iron ore futures extended gains on Tuesday, driven by hopes for improving steel demand, though concerns about long-term demand remain. Analysts noted a decline in steel inventories at major Chinese warehouses…
Dalian iron ore futures posted gains on Monday, recovering from earlier losses as expectations of improved steel demand supported the market, although long-term demand concerns persist. Analysts noted that better…
Iron ore futures fell for a fifth consecutive session on Friday as a bearish demand outlook continued to weigh on market sentiment. Iron ore futures also dropped 6pct compared to the previous Friday's morning session…
Taiwan's China Steel Corp (CSC) will reduce domestic steel prices in September, marking its first across-the-board cut since August last year. The reduction follows a surge in low-priced Chinese steel exports, which has…
Iron ore futures extended their losses on Thursday, driven by weak steel production data and concerns about demand. China's crude steel output fell by 9pct YoY to 82.9 mln tons in July and dropped 9.5pct compared to the…
Iron ore and steel futures fell sharply on Wednesday, driven by disappointing credit data that heightened concerns about demand. China's bank lending dropped to its lowest level in nearly 15 years, affected by weak…
Iron ore futures remained steady on Tuesday, with the key steelmaking material continuing to face pressure due to weak demand. Many Chinese steel mills are experiencing losses and reducing output through maintenance as…
Iron ore futures declined on Monday as persistent weak fundamentals continued to weigh on market sentiment. The majority of Chinese steel mills are cutting production to mitigate losses due to weak downstream steel…
Iron ore futures recovered on Friday, helped by improved economic data, though concerns about weak demand persist. China's consumer price index (CPI) rose by 0.5pct YoY in July, according to the National Bureau of…
Iron ore futures fell on Thursday, pressured by weak steel demand and market sentiment. Persistent sluggishness in downstream steel demand has led steel producers to cut output, reducing iron ore demand. Additionally, a…
Iron ore futures extended their losses on Wednesday due to a dim demand outlook driven by weak steel demand. Analysts expect that reduced steel profitability may lead mills to cut operations and limit production. Rising…
Iron ore futures fell on Tuesday as market sentiment was dampened by lower production figures and persistently weak steel demand. Daily crude steel output among China Iron and Steel Association (CISA) member mills…
Iron ore futures gained on Monday, supported by expectations of stimulus measures from Beijing and an improved outlook for steel demand. China's services sector saw accelerated growth in July, driven by new orders…
Iron ore futures gained on Friday amid hopes for additional stimulus measures from Beijing, though concerns about demand remained. The market anticipates new stimulus following weak Chinese manufacturing data released…
Iron ore futures gained on Thursday, driven by a more optimistic short-term demand outlook. The National Development and Reform Commission (NDRC) of China released a survey indicating a cautious optimism for the Chinese…
Dalian iron ore futures fell slightly on Wednesday as weak demand fundamentals overshadowed stimulus hopes prompted by recent manufacturing data. China's manufacturing activity continued its decline for the third…
Iron ore futures fell on Tuesday due to ongoing concerns about weak demand. Weak steel mills' margins and mounting port-side inventories, compounded by increased imports from major miners, dampened market sentiment. The…
Iron ore futures remained nearly unchanged on Monday, rebounding from earlier losses thanks to strong industrial data. Weak steel demand fundamentals, however, limited gains. Profits at China's industrial companies grew…
Dalian iron ore futures recovered on Friday, buoyed by Beijing's latest stimulus measure, although demand fundamentals remain weak. Chinese authorities announced the allocation of 300 bln yuan (USD 41.4 bln) in…
Steelmaking raw materials and steel futures slumped on Thursday as weak steel demand continued to weigh on market sentiment. According to the China Iron and Steel Association (CISA), daily crude steel output among…
“Premium Content” marks a news item that needs a subscription to read in full.
