MESteel assessments and price moves — scrap, billet, rebar, HRC, iron ore and coking coal, across the Middle East and the wider market.
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…
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…
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…
UAE’s Emirates Steel, part of EMSTEEL Group, has kept its rebar prices unchanged for October production, marking the third consecutive month of price rollover. The company maintained its price for…
China’s iron ore futures declined on Tuesday as ample supply and rising port inventories weighed on sentiment, although pre-holiday restocking by steel mills and high freight costs continued to…
The UAE coated steel market remains firm, supported by good domestic demand, while logistics disruptions continue to affect material availability and local production. Major UAE coated steel producer…
China’s iron ore futures traded rangebound on Monday as pre-holiday restocking by steel mills provided support, while high inventories and weak mill profitability limited upward momentum. Analysts…
Turkey’s scrap import prices increased this week, supported by the uptrend in finished steel prices. MESTEEL assessed HMS 1&2 (80:20) at USD 395-400 per ton CFR Turkey, up from USD 390 per ton last…
The UAE structural steel market remains firm, supported by steady domestic demand, but logistics disruptions continue to complicate imported supply and deliveries. Chinese JIS beams are currently…
China’s iron ore futures moved higher on Friday, but the wider ferrous complex came under pressure as coking coal and coke prices fell sharply following renewed expectations of improved coal supply…
Egyptian rebar prices have remained broadly stable, with weak domestic demand and low trading activity limiting the scope for further increases despite higher production costs. Ezz Steel continues to…
China’s iron ore futures moved higher on Thursday, supported by pre-holiday restocking by steel mills, although weak mill profitability continued to limit the upside. Market insiders said mills are…
Kardemir has raised its rebar and wire rod prices in its latest price list, following the continued increase in Turkish scrap import prices. The company is offering 12-32 mm rebar at TRY 30,540 (USD…
China’s iron ore futures edged higher on Wednesday as improving market sentiment, expectations for steel production cuts and possible policy support offset continued concerns over weak steel demand…
Asian HRC prices have remained generally firm since the beginning of September, supported by higher raw material costs, firmer domestic steel prices and expectations of improving demand, although…
Tokyo Steel, Japan’s leading electric arc furnace (EAF) steelmaker, has raised its flat steel prices by JPY 3,000 (USD 19) per ton for October sales, while keeping long steel prices unchanged. The…
Major Turkish long steel producer ICDAS has increased its long steel prices by USD 5 per ton this week, supported by higher scrap costs. ICDAS is offering rebar at USD 635 per ton EXW Biga, up USD 5…
Turkish HRC prices increased this week, as an upward trend in scrap prices and limited supply pushed local HRC producers to raise prices. Domestic HRC prices moved up to USD 625-635 per ton EXW, up…
China’s iron ore futures edged lower on Tuesday as weak steel demand, poor mill profitability and continued concerns over production cuts kept market sentiment under pressure. Market insiders said…
Saudi Iron and Steel Company (Hadeed) has reduced its domestic scrap buying prices by SAR 70 (USD 19) per ton, effective September 11, amid relatively moderate finished steel demand. The reduction…
Published by news.mesteel.com, the MESteel newsroom.
