Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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China's iron ore futures fell on Monday, extending their recent decline, as weak steel mill margins and subdued steel demand continued to weigh on the market. Market participants said worsening profitability is…
Turkey's scrap import prices increased this week as improving finished steel demand encouraged mills to increase buying interest, while limited scrap availability and higher freight and collection costs continued to…
Wire rod prices in the GCC remain firm amid high production costs, tight regional availability and elevated freight costs, despite relatively moderate trading activity. In Saudi Arabia, Hadeed has raised its September…
China's iron ore futures fell on Friday as uncertainty over a recovery in steel demand continued to weigh on market sentiment. Market insiders said Chinese steel demand remains weak, with expectations for the…
The UK has extended its anti-dumping duty on wire rod originating from China for a further five years, with the measure now set to remain in place until January 28, 2031. The decision, published by the UK government on…
China's iron ore futures fell on Thursday as weak steel mill margins continued to weigh on demand sentiment. Market insiders said Chinese steel mills remain cautious about iron ore restocking, with squeezed margins…
Turkish steelmaker Kardemir has raised its rebar and wire rod prices in its latest price list. The company is offering 12-32 mm rebar at TRY 29,750 (USD 614) per ton EXW, excluding VAT, up from TRY 28,625 per ton (USD…
Turkish steelmaker Kardemir has expanded its heavy profile steel range with S355JR and S355J2 structural steel grades for applications requiring high strength and load-bearing capacity. Kardemir said it has achieved…
China's iron ore futures edged lower on Wednesday as demand sentiment remained mixed, with tight steel mill margins and a lack of substantial improvement in steel demand weighing on the market. Market insiders said…
German steelmaker MSW Moselstahlwerk has appointed KRUDO Industrial to market and sell its electric steelmaking facility in Trier as part of the company's ongoing restructuring. The sale comes as European steelmakers…
Saudi Arabia's billet market remains heavily affected by logistics disruptions, with tight vessel availability, high freight costs and lengthy berthing delays continuing to complicate imported supply. At the same time…
China's iron ore futures rose on Tuesday, extending the previous day's gains, as expectations of pre-holiday restocking and firmer sentiment across the steel market continued to support prices. Analysts said steel mills…
Shyam Metalics and Energy reported strong YoY sales growth across most key product segments in August 2026, led by a more than doubling of carbon steel flat product sales. Carbon steel flat sales increased 114.14pct YoY…
Lebanon's steel imports declined by around 8pct YoY to 432,800 tons in Jan-Jul 2026, from 470,600 tons in the corresponding period of 2025, according to Lebanese Customs data. Rebar under HS code 7214 remained by far…
Turkey's rebar exports increased 12.3 pct YoY to 2.65 mln tons in the first seven months of 2026, according to Turkish Statistical Institute (TUIK) data. Yemen remained the largest destination, receiving around 492,500…
China's iron ore futures rose on Monday, supported by expectations of increased steel mill restocking ahead of China's October National Day holiday, although concerns over steel demand remain. Market insiders said…
Bangladesh's steelmakers are facing higher production costs amid weak construction demand, with mills offering discounts to maintain sales, according to local media reports. The price of 60-grade rebar has risen to BDT…
Turkey's scrap import prices increased this week as tighter availability and firm freight costs supported the market. MESTEEL assessed HMS 1&2 (80:20) at USD 375-380 per ton CFR Turkey, up USD 5 per ton week-on-week…
Turkish steel producer Kocaer Celik has established KCR Steel U.S. LLC in Texas as part of its strategy to strengthen its presence and expand commercial activities in the US, according to a stock exchange filing. KCR…
China's iron ore futures rose on Friday, supported by near-term supply-side factors, although cautious steel demand continued to limit the upside. A weekly decline in iron ore port inventories provided support to…
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