Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Emirates Steel, a part of the EMSTEEL group, has announced stable rebar prices for February production. The price for rebar deliveries to Abu Dhabi is set at AED 2,660 (USD 724) per ton, while shipments to Dubai…
Turkish steelmaker Kardemir has updated its prices for rebar and wire rod, according to the latest price list. The company is now offering 12-32 mm rebar at TRY 19,460 (USD 546) per ton EXW, a slight decrease from the…
Iron ore futures rose on Thursday as Beijing's latest support measures provided a lift to sentiment. However, weak market fundamentals capped the gains. China's financial regulators announced plans to channel hundreds…
Egyptian long steel producer El Marakby Steel has received technical approval for rebar exports to Brazil from the Falcao Bauer Quality Institute, the company announced in a statement. The certification confirms El…
Iron ore futures fell on Wednesday as a cautious sentiment gripped the market ahead of the holidays. The decline was fueled by comments from former U.S. President Donald Trump about potentially imposing a 10pct tariff…
British Steel has opened a new GBP 26-mln (USD 32 mln) service centre at its Special Profiles business in Skinningrove, Northeast England. This investment positions the company as a leading global supplier to the…
Algerian Qatari Steel (AQS), located in the Bellara industrial zone in El Milia, Jijel, exported nearly 700,000 tons of steel products in 2024, generating over USD 360 mln, according to Deputy General Manager Sofiane…
Dalian iron ore futures continued to rise on Tuesday, driven by improving fundamentals that boosted market sentiment, despite ongoing concerns about demand. The iron ore market received support from rising steel…
Iron ore futures edged higher on Monday as a drop in weekly shipments from major miners to China supported positive sentiment. However, long-term uncertainties limited the gains. According to SMM shipping data, global…
The global long steel products market is under increasing pressure due to weak demand, market protection, and excess capacity, with no positive news from China, according to the International Rebar Producers and…
Turkey's scrap import prices remain under pressure due to weak steel sales. This week, scrap import prices were assessed at USD 325-335 per ton CFR, down from USD 340-345 per ton CFR last week. Turkish steel mills are…
Turkish steelmaker Kardemir successfully sold a substantial quantity of rebar and closed sales on the same day after reducing its prices in the latest price list issued on January 16. In this round, the company offered…
Iron ore futures prices rose on Friday, driven by a batch of improved economic indicators that boosted market sentiment. China's December economic data significantly outperformed analysts' expectations, with Q4 GDP…
Iron ore futures surged on Thursday as market fundamentals strengthened, driven by reports of recovering steel production and reduced shipments from a major miner. China's crude steel output, among the member mills of…
Iron ore futures posted gains on Wednesday, driven by improved macroeconomic fundamentals. Chinese banks extended 990 bln yuan (USD 135 bln) in new loans last month, up from 580 bln yuan in November 2024, positively…
Iron ore futures extended their gains on Tuesday, bolstered by expectations of additional stimulus from Beijing. China plans to introduce various measures to counter the effects of anticipated U.S. tariffs and a…
Kardemir, one of Turkey's leading steel producers, has updated its pricing for steel sections. The company now offers IPE-NPU sections at USD 680-875 per ton EXW for sizes ranging from 180 to 600 mm, down slightly from…
Iron ore futures rose on Monday, driven by expectations of additional stimulus from Beijing, though concerns about demand persist. The central bank chief of China expressed confidence in the country's ability to support…
Hyundai Steel, South Korea's top rebar producer, has suspended production at its Incheon and Pohang plants until the end of January due to a slump in the construction market, leading to declining demand and prices…
Turkey's scrap import prices fell this week to USD 340-345 per ton CFR, down from USD 345-350 per ton CFR last week, driven by weak steel demand. Turkish steel mills are seeking further price negotiations due to…
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