Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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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…
Turkish steel producer Kardemir has reduced prices for billet and rebar in its latest domestic sales round. The company offered S235JR-grade billet at USD 525 per ton EXW, down USD 5 per ton from the previous sales…
Sulb Saudi has achieved a new monthly production record at its light and medium sections rolling mill in Jubail, producing 42,713 tons in May 2026 and surpassing the previous record of 42,680 tons set in March 2023. The…
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…
UAE's EMSTEEL Group continues to expand the adoption of its high-strength ES600 rebar across major construction projects in the country, supplying a combined 41,500 tons to developments in Dubai and Abu Dhabi. 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…
India remained a net importer of finished steel during the first two months of fiscal year 2026/27, with imports rising faster than exports, according to provisional data from the Joint Plant Committee (JPC). Finished…
The global long steel market remains relatively stable, although regional differences are becoming increasingly pronounced due to trade restrictions, geopolitical tensions, and changing import regulations, according to…
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…
Turkey's rebar exports increased by 8pct YoY to around 1.49 mln tons in the January-April period, according to data from the Turkish Statistical Institute (TUIK). Yemen remained the largest export destination for…
The Canadian International Trade Tribunal (CITT) has extended anti-dumping duties on imports of concrete reinforcing bar (rebar) from Turkey, China, and South Korea following the completion of an expiry review. The…
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…
Turkish steel producer Kardemir has successfully commissioned the new KOCKS Reducing & Sizing Block (RSB) line at its Bar and Coil Rolling Mill, marking the completion of a modernization project aimed at enhancing its…
Turkey's Kocaer Steel has appointed Mehmet Sevket Erol as General Manager, effective June 1, 2026, according to a stock exchange filing. The appointment follows the departure of Mehmet Cakmur from the role of General…
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…
UAE-based EMSTEEL has launched ES600, a high-strength steel rebar grade that the company says is the highest-strength rebar currently produced in the country. The product was officially introduced during EMSTEEL's…
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