Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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986 news items in Prices. Show all
Turkey's scrap import market came under pressure this week as declining domestic finished steel prices and weak demand prompted mills to seek lower prices. MESTEEL assessed HMS 1&2 (80:20) at USD 400 per ton CFR Turkey…
China's iron ore futures remained under pressure on Friday as weak steel mill profitability, expectations of rising global supply and cautious market sentiment weighed on prices. Steelmakers continue to face squeezed…
China's iron ore futures came under renewed pressure on Thursday as the market reopened after the week-long National Day holiday, with weak steel demand, rising inventories and poor mill profitability weighing on…
India's finished steel consumption increased 7.5pct YoY to 84.9 mln tons in April-September FY27, according to provisional data from the Ministry of Steel. Finished steel production rose 3.7pct YoY to 81.8 mln tons…
Major Turkish long steel producer ICDAS has reduced its long steel prices by USD 10 per ton compared with levels announced in mid-September. The company is now offering rebar at USD 630 per ton EXW Biga and wire rod at…
Vietnamese steelmaker Formosa Ha Tinh Steel has increased its domestic HRC prices for November-December delivery, with SAE1006 and SS400 grades now offered at around USD 546-558 per ton CIF Vietnam, depending on order…
Nippon Steel has raised domestic prices for flat steel products by JPY 5,000 (USD 32) per ton for November deliveries, according to the local media reports. The increase applies to all flat steel products for domestic…
Turkey's scrap import prices edged higher this week, supported by higher costs, although buying activity remained limited as slowing finished steel demand made mills cautious about accepting further increases. MESTEEL…
Asian HRC markets are showing mixed conditions in early October, with mills in India and Southeast Asia maintaining firm offers while buying interest remains cautious. Chinese prices are broadly stable amid weak demand…
Vietnam's leading steelmaker Hoa Phat Group has raised its domestic HRC prices for November delivery by around USD 10 per ton month-on-month. Non-skinpass SAE1006/SS400 HRC is currently offered at around USD 555 per ton…
Saudi steel producer Hadeed has kept its domestic rebar and wire rod prices unchanged for October. The company's rebar in 12-32 mm sizes is offered at SAR 2,800 (USD 746) per ton CPT Riyadh, while 7-12 mm wire rod is…
China's iron ore futures edged higher on Wednesday as the country's manufacturing sector returned to growth in September, although weak steel demand and cautious mill procurement continued to limit gains. China's…
China's iron ore futures fell further on Tuesday as weak steel continued to weigh on prices, while pre-holiday restocking provided limited support. Market participants said narrowing steel mill margins and subdued iron…
Turkish HRC prices have remained firm over the past two weeks, with domestic and export markets supported by limited supply and a generally positive market outlook. Domestic HRC prices remain at USD 625-635 per ton EXW…
China's iron ore futures fell on Monday as pre-holiday restocking demand weakened, while weak steel demand continued to weigh on the market. Market insiders said pre-holiday restocking has largely run its course…
Turkey's scrap import prices remained largely unchanged this week, although Turkish mills have become more cautious about further purchases amid slower finished steel sales. MESTEEL assessed HMS 1&2 (80:20) at USD 400…
Saudi Arabia's HRC market remains slow, with cautious buying and logistics constraints continuing to weigh on import activity amid the current regional situation. Chinese HRC offers are currently heard at around USD…
China's iron ore futures were largely unchanged on Thursday as expectations of tighter Brazilian supply and high freight rates were offset by weakening steel demand and high iron ore inventories at Chinese ports. Market…
Egyptian rebar prices are set to rise in October, with local media and market sources reporting that Ezz Steel and other major producers plan to increase domestic prices from October 1, following several months of…
China's iron ore futures edged higher on Wednesday as concerns over Brazilian supply provided support, although weakening steel mill profitability and expectations of lower steel output limited the upside. Market…
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