Kardemir raises rebar prices
Turkish steel producer Kardemir has announced new rebar prices according to its latest price list. The company is now offering rebar in sizes ranging from 12 to 32 mm at TRY 19,550 (USD 595) per ton, up from the…
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Turkish steel producer Kardemir has announced new rebar prices according to its latest price list. The company is now offering rebar in sizes ranging from 12 to 32 mm at TRY 19,550 (USD 595) per ton, up from the…
Turkey's rebar exports surged by nearly 47pct YoY in May 2024, according to data from the Turkish Statistical Institute (TUIK). Turkish rebar suppliers exported 303,000 tons during this period, also marking a 10pct…
Iron ore and steel futures markets remained subdued on Wednesday due to persistent weak fundamentals. Major steel producer Baosteel decreased HRC prices by 100 yuan per ton for August sales in the domestic market…
Turkish steel firm Kocaer Celik recently announced substantial orders totaling USD 46.3 mln for June. These orders primarily consist of value-added steel profiles from regions such as the Middle East and North Africa…
Dalian iron ore futures continued to decline on Tuesday, weighed down by demand concerns. The increase in iron ore imports and the already high inventory levels at Chinese ports have further worsened the outlook for…
India's Shyam Metalics and Energy announced a significant increase in its stainless steel production, which surged 100.69pct YoY to 7,015 tons in June 2024, compared to 3,496 tons in June 2023. However, the production…
Iron ore futures dropped on Monday as weak fundamentals, driven by sluggish steel demand, weighed on market sentiments. Concerns over long-term demand outlook were exacerbated by mounting port-side iron ore inventory…
The global long steel products market is increasingly unstable, with China moving steel billets at the lowest prices. Chinese finished products dominate most markets in both long and flat segments, with no signs of…
Turkey's scrap import prices increased further this week as steel mills booked new cargoes at higher rates. Scrap import prices in Turkey are now assessed at USD 390 per ton CFR, up from USD 385-390 per ton CFR last…
Price volatility continues for key construction materials in Egypt, despite a relative cooling of prices as of March 2024. This trend is attributed to the liberalisation of the exchange rate and government-implemented…
Iron ore futures dropped on Friday due to weak steel output figures and slow steel demand, negatively impacting market sentiment. Based on recent figures released by the China Iron and Steel Association (CISA), major…
Iron ore futures saw their fifth consecutive session of gains on Thursday, buoyed by robust short-term demand and ongoing expectations of further stimulus measures. Chinese steel producers are maintaining production…
Steel Exchange India announced the progress of its expansion projects in a stock exchange filing. The company has allocated INR 60 crore (USD 7.1 mln) in capital expenditure to increase the installed capacity at its…
Iron ore futures continued to post gains on Wednesday, driven by near-term demand and expectations of additional stimulus from a key government meeting scheduled for mid-July. Improved data from the real estate sector…
Turkish steel manufacturer Kardemir has maintained its wire rod prices in the latest sales round, according to its latest price list. The company continues to offer 5.5 mm SAE 1006 grade wire rod at USD 625 per ton EXW…
Kardemir, Turkey's major steel producer, has unveiled new prices for its steel sections. The company's latest price list indicates a reduction in prices for IPE-NPU sections, now offered at USD 685-790 per ton EXW for…
Turkey has extended its temporary safeguard measures on wire rod imports for another three years, as announced in the official gazette. From June 15, 2024, to January 6, 2025, wire rod imports will incur a safeguard…
Dalian iron ore futures extended their gains on Tuesday, driven by expectations of additional stimulus measures. Despite the traditional summer slowdown in construction activity leading to weaker steel demand and…
Steel Authority of India Limited (SAIL) has awarded a contract to Primetals Technologies to design, supply, and install a new hot-blast stove for blast furnace No. 5, 'Kalyani,' at the IISCO steel plant in Burnpur…
ArcelorMittal South Africa has decided not to shut down its long steel operations in the KwaZulu-Natal province and is working on a plan to make the operations viable. In January, ArcelorMittal South Africa postponed…
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