Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
Got a story for the Middle East steel market? Submit news
986 news items in Prices. Show all
Iron ore futures rose slightly on Friday, supported by expectations of tighter near-term supply, although weak steel demand and declining hot metal output continued to limit further gains. Markets continued to balance…
Iron ore futures edged higher on Thursday, supported by concerns over a potential supply disruption at BHP's Port Hedland operations in Western Australia, although weakening steel demand continued to limit price gains…
Turkish steelmaker Kardemir has lowered domestic billet prices in its latest sales round. The producer offered S235JR-grade billet at USD 515 per ton EXW, while B420-grade billet was offered at USD 520 per ton EXW, both…
Iron ore futures rose on Wednesday, supported by concerns over a potential supply disruption at Port Hedland, the world's largest iron ore export terminal, although the medium-term outlook remained weak due to soft…
Vietnamese steelmaker Formosa Ha Tinh Steel has reduced domestic HRC prices for August-September deliveries by around USD 40 per ton, following a similar move by Hoa Phat amid weak market demand. The producer is now…
Turkish steelmaker Kardemir has lowered domestic rebar prices in its latest sales round amid subdued market conditions. The producer is offering 12-32 mm rebar at TRY 26,500 (USD 566) per ton EXW, excluding VAT, down…
Turkey's leading steel producer Kardemir has increased domestic prices for steel sections, according to its latest price list. The producer raised prices for IPE-NPU sections in sizes 180-550 mm to USD 670-760 per ton…
Iron ore futures declined on Tuesday as weak steel market fundamentals continued to weigh on sentiment, with the outlook for demand remaining uncertain. Market sources said the seasonal slowdown in steel consumption has…
Iron ore futures edged higher on Monday as relatively high Chinese steel production continued to provide near-term support. However, gains remained limited as high portside inventories, shrinking steel mill margins and…
Turkish imported scrap prices extended their decline this week as weak finished steel demand, softer export prospects and cautious mill buying continued to pressure the market. MESTEEL assessed HMS 1&2 (80:20) import…
Iron ore futures declined on Friday as the market shifted its focus back to weak fundamentals after a brief recovery in the previous session driven by reports that China's state-owned iron ore buyer had restricted…
Vietnamese steelmaker Hoa Phat has reduced domestic HRC prices for August deliveries amid weak market demand and seasonal pressure. The producer lowered prices by around USD 34 per ton compared with the previous month's…
Iron ore futures rose on Thursday after reports that China Mineral Resources Group (CMRG) had instructed some steel mills to stop purchasing certain low-grade Fortescue iron ore fines from Chinese ports starting July…
Iron ore futures fell on Wednesday as weak steel market fundamentals continued to weigh on market sentiment. Demand for finished steel remained subdued, with prices coming under pressure amid ample supply and seasonally…
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has reduced domestic prices for its long steel products by SAR 130 (USD 35) per ton for July production. The company is offering 12-32 mm rebar at SAR 2,800 (USD 746)…
Iron ore futures rose on Tuesday after positive Chinese manufacturing data provided support to the market, although concerns over steel demand continued to limit gains. China's official Purchasing Managers' Index (PMI)…
Iron ore futures advanced on Monday, supported by resilient Chinese steel production despite continued concerns over weak steel demand and rising global supply. Although iron ore continues to face supply-side pressure…
Turkish imported scrap prices continued to decline this week as weak finished steel demand, falling rebar prices and limited booking activity kept pressure on the market. MESTEEL assessed HMS 1&2 (80:20) import prices…
Iron ore futures edged higher on Friday after reversing earlier losses, supported by resilient Chinese steel output, although the medium-term outlook remained bearish. Data from the China Iron and Steel Association…
Turkish steel producer Kardemir has reduced domestic rebar prices in its latest sales round. The company is offering 12-32 mm rebar at TRY 26,675 (USD 573) per ton EXW, excluding VAT, down from TRY 26,875 (USD 583) per…
“Premium Content” marks a news item that needs a subscription to read in full.
