Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures posted gains on Thursday, supported by a positive near-term demand outlook following a major easing in trade tensions between the United States and China. However, lingering concerns over long-term…
Turkish steelmaker Kardemir has increased prices for its long steel products, according to the company's latest price list. The new price for 12-32 mm rebar is set at TRY 21,550 per ton EXW (USD 555), up from TRY 21,000…
Iron ore futures jumped on Wednesday, driven by positive market sentiment following a significant easing of trade tensions between the United States and China earlier this week. Beijing and Washington announced major…
Britain's Trade Remedies Authority (TRA) has recommended imposing country-specific caps on certain steel imports to safeguard the domestic steel industry. The proposed caps would take effect from 1 October 2025, giving…
Turkish steelmaker Karabuk Demir Celik (Kardemir) reported a larger net loss for the first quarter of 2025, according to its latest financial results. The company's net loss increased to TRY 1.48 bln (USD 38.2 mln), up…
Iron ore futures continued their upward momentum on Tuesday, supported by improving trade relations between Beijing and Washington. Market sentiment was lifted after US and Chinese officials announced plans to reduce…
Turkey's leading steel producer, Erdemir Group, reported a significant drop in net profit for the first quarter of 2025, according to its latest financial results. In Q1 2025, the company posted a net profit of TRY…
Iron ore futures surged on Monday, driven by improved market sentiment following a reduction in trade tensions between China and the United States. The two countries announced an agreement to roll back tariffs on each…
Turkey's scrap import prices surged this week, driven by a series of new bookings at higher levels. Current prices are assessed at USD 335-340 per ton CFR, up from USD 325 per ton CFR last week. Scrap suppliers have…
Iron ore futures declined on Friday as a cautious demand outlook continued to dampen market sentiment. Slowing steel output growth, subdued post-holiday steel demand impacting mill profitability, and a bleak forecast…
Turkey's wire rod exports declined in the first quarter of 2025, according to data from the Turkish Statistical Institute (TUIK). Total exports reached approximately 288,600 tons in Q1, marking a 17pct YoY decrease…
Turkish steel producer Kocaer Celik announced that it secured steel profile orders worth USD 55 mln in April 2025. According to the company's stock exchange filing, the orders primarily consist of value-added steel…
Turkish steel producer, Ekinciler Demir Celik places exports at the core of its growth strategy, with Africa and the Middle East as key focus regions, according to the local media reports. The company has maintained…
Iron ore futures declined on Thursday as concerns over potential output curbs and softening steel demand weighed on market sentiment. The China Iron and Steel Association (CISA) confirmed that Beijing is actively…
Turkish steelmaker Kardemir has increased its rebar prices, according to the company's latest price list. The new price for 12-32 mm rebar is set at TRY 21,000 per ton ex-works (approximately USD 544), up from TRY…
Turkey exported 1.05 mln tons of rebar in the first quarter of 2025, marking a nearly 35pct YoY increase, according to data from the Turkish Statistical Institute (TUIK). Yemen was the leading importer during this…
Iron ore futures rose on Wednesday, supported by fresh stimulus measures from Beijing, though concerns over long-term demand continue to persist. Chinese authorities announced a series of economic support steps…
Ezz Steel, one of Egypt's leading steel producers, has kept its rebar prices unchanged for the eighth consecutive month. The price remains steady at EGP 38,200 (USD 753) per ton ex-works (EXW), inclusive of 14pct VAT…
Iron ore futures held steady on Tuesday, as cautious sentiment lingered in post-holiday trading. Market participants remained wary amid ongoing concerns about the global economic outlook. Last week, China's Ministry of…
Van Merksteijn Steel Group has completed its merger with Sudwest Beteiligungen, officially launching Reinforcing Steel Europe B.V. (RSE), the company announced. The new entity is headquartered in Almelo, the…
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