Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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989 news items in Prices. Show all
Iron ore futures fell on Monday as steel production curbs and weakening steel demand weighed on market sentiment. Chinese Steel output is expected to be hit by new environmental restrictions in Tangshan and other…
Turkey's scrap import prices fell to USD 337-345 per ton CFR, down from USD 345-347 per ton CFR last week, as sporadic EU-origin deals widened the price range. Turkish steel mills kept buying activity limited due to…
Iron ore futures edged higher on Friday, supported by strong near-term demand and a weekly decline in port inventories. Analysts noted that robust steel production continues to underpin consumption, though environmental…
Iron ore futures surged on Thursday, supported by reports that Chinese authorities plan to cut steel production to reduce excess supply. Beijing aims to curb crude steel output between 2025 and 2026 amid persistent…
Turkish steelmaker Kardemir has launched a new rebar sales round with updated prices. The company set its rebar price at TRY 22,455 per ton (USD 547), down from TRY 22,625 per ton (USD 556) in the previous round on…
Iron ore futures extended losses on Wednesday as the market grappled with oversupply worries and weakening steel demand in China. Blast furnace mills have kept production strong in recent weeks, supported by healthy…
Iron ore futures fell on Tuesday as persistent demand concerns weighed on sentiment. Weak seasonal demand, due to heavy rains and hot weather, pushed up finished steel inventories at major warehouses, raising fears of…
Iron ore futures jumped on Monday after Rio Tinto suspended work at its Simandou project in Guinea following a fatal incident involving a contractor employee, raising concerns of delays to the mine's production start…
Turkey's scrap import prices held steady this week at USD 345-347 per ton CFR, as local steel mills remained cautious with purchases amid sluggish finished steel sales. Scrap suppliers resisted cutting prices, pointing…
Iron ore futures retreated on Friday as concerns over weakening steel demand weighed on sentiment. Despite strong margins keeping Chinese steel mills running at high output levels, demand has softened in recent weeks…
Emirates Steel, a subsidiary of EMSTEEL Group, has raised rebar prices for its September output. The company has raised rebar prices by AED 110 (USD 30) per ton, setting the new level at AED 2,590 (USD 705) per ton on…
The Saudi Iron and Steel Company (Hadeed) has left its long steel prices unchanged for September production. The company's rebar (12-32 mm) remains at SAR 2,130 (USD 566) per ton, while its wire rod (6.5-16 mm) stays at…
Iron ore futures recovered on Thursday as concerns over steel production curbs eased, though demand worries lingered. Chinese authorities have instructed several mills in Tangshan to cut sintering output between August…
Iron ore futures slipped on Wednesday as steel production curbs and soft demand weighed on sentiment. Authorities have ordered several mills in Tangshan to cut sintering output between August 25 and September 3, 2025…
Iron ore futures fell on Tuesday as demand outlook weakened amid potential production curbs and slowing steel consumption. Market sources said several steel mills in Tangshan have been instructed by authorities to cut…
Tokyo Steel, Japan's leading electric arc furnace (EAF) steelmaker, said it will keep product prices unchanged for September, marking the fourth straight month of no adjustments. HRC remains at JPY 89,000 (USD 603) per…
Iron ore futures fell on Monday as expectations of steel production curbs and weak demand weighed on sentiment. Iron ore futures risen earlier in the session, supported by strong Chinese steel output and healthy mill…
Turkey's scrap import prices remained stable this week at USD 345-347 per ton CFR, as buying activity slowed on the back of weak finished steel demand. Many Turkish steel mills, focusing on selling finished steel…
Turkish steelmaker Kardemir kept billet prices unchanged in its latest sales round, matching the levels set on 24 July. The company offered S235JR grade billets at USD 500 per ton EXW and B420 grade billets at USD 510…
Iron ore futures fell on Friday as continued weakness in China's property sector and disappointing economic data dampened market sentiment. According to the National Bureau of Statistics (NBS), China's economy showed…
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