Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Emirates Steel, a subsidiary of the EMSTEEL Group, has kept its rebar prices unchanged for January production. The company maintained its rebar price at AED 2,648 (USD 721) per ton on EXW basis, excluding the 5pct VAT…
Iron ore futures edged higher on Monday, though the overall demand outlook remained cautious as the market continued to assess underlying fundamentals. Market participants believe most negative factors, such as higher…
Turkey's imported scrap prices eased slightly this week to USD 360-365 per ton CFR, down from USD 360-370 per ton CFR last week, as slowing finished steel demand kept mills cautious about booking scrap at higher levels…
Iron ore futures extended gains on Friday, supported by expectations of near-term restocking, although weak fundamentals continued to limit the upside. Some market participants expect Chinese steel mills to replenish…
Turkey exported 768,400 tons of wire rod in the first ten months of 2025, posting a marginal 0.3pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). Romania remained the largest…
Iron ore futures rose further on Thursday, supported by easing domestic steel inventories and expectations of near-term restocking demand, which improved overall market sentiment. Inventories of major finished steel…
Iron ore futures extended gains on Wednesday, supported by an uptick in near-term demand, although the longer-term outlook remains bearish. Chinese steel mills have been replenishing raw material stocks ahead of…
Tokyo Steel, Japan's leading electric arc furnace (EAF) steelmaker, has decided to keep all product prices unchanged for January sales under its latest monthly pricing policy. Under the decision, prices for HRC (1.7-22…
Steelco Technologies of the UAE, in partnership with Haddeko Iron Trade, has begun construction of a new cut-and-bend steel manufacturing facility in ICAD 1, Mussafah, Abu Dhabi. The plant will be equipped with advanced…
Egyptian steel producer Ashry Steel has expanded its product portfolio with the launch of a new high-strength rebar grade, the company said in a statement. The newly introduced B420 DWR rebar offers higher load-bearing…
Iron ore futures recovered on Tuesday, supported by higher steel production figures, although the broader demand outlook remained bearish amid weakening fundamentals. Data from the China Iron and Steel Association…
Iron ore futures fell sharply on Monday as market sentiment deteriorated following Beijing's move to introduce a steel export licensing system aimed at regulating overseas shipments next year. China's Ministry of…
Celsa has completed a refinancing process, marking the conclusion of a financial and operational restructuring initiated in 2023. The transaction includes the issuance of EUR 600 mln (USD 706 mln) in HoldCo PIK notes…
Turkey's imported scrap prices held steady this week at USD 360-370 per ton CFR, with buying activity slowing as steel mills pause to assess market conditions before resuming procurement. Suppliers maintained firm offer…
Iron ore prices dipped on Friday, pressured by rising inventories at Chinese ports and weak steel demand, both of which continue to reinforce a bearish outlook for the market. Port-side iron ore stocks have climbed to…
Iron ore futures fell on Thursday, weighed down by weakening fundamentals and cautious sentiment across the steel value chain. Rising supply combined with softer steel demand continued to pressure prices, while…
Tata Steel's board has reaffirmed its long-term growth strategy for the India business, focusing on disciplined capital allocation, capacity expansion, downstream growth, and low-carbon technologies. Several key…
Turkey exported 3.4 mln tons of rebar in the first ten months of 2025, marking a 22pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). Yemen remained the top destination with 534,000 tons…
Jindal Steel Oman has signed a memorandum of understanding (MoU) with Sohar International Bank and Credit Oman to establish a framework that supports small and medium enterprises (SMEs) in procuring steel more…
Iron ore futures rebounded on Wednesday after several sessions of losses, supported by growing expectations that Beijing may introduce new stimulus measures following another round of weak economic data. The latest…
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