Hadeed raises long steel prices for February sales
Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for February sales. Rebar prices for 12-32 mm sizes were raised by SAR 70 (USD 19) to SAR 2,260 (USD 603) per…
MESteel assessments and price moves — scrap, billet, rebar, HRC, iron ore and coking coal, across the Middle East and the wider market.
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Saudi Iron and Steel Company (Hadeed) has increased prices for its long steel products for February sales. Rebar prices for 12-32 mm sizes were raised by SAR 70 (USD 19) to SAR 2,260 (USD 603) per…
Iron ore futures remained subdued on Monday as oversupply pressure continued to weigh on market sentiment. Rising global supply, together with high iron ore inventories at major Chinese ports, kept…
Turkey’s imported scrap market remained firm but largely sideways this week, with prices assessed unchanged at USD 370-375 per ton CFR, as tight supply conditions offset cautious buying by Turkish…
Emirates Steel, a subsidiary of EMSTEEL Group, has kept its rebar prices unchanged for February production. The company maintained its rebar price at AED 2,648 (USD 721) per ton EXW, excluding 5pct…
Iron ore futures rose on Friday, supported by pre-holiday restocking by Chinese steel mills, although concerns over rising supply are expected to limit further upside. Steelmakers increased inquiries…
Iron ore futures inched higher on Thursday, supported by China’s latest fiscal stimulus measures, although gains remained limited amid continued concerns over rising supply. Iron ore futures found…
ArcelorMittal has increased its HRC offers for the EU market for April delivery to EUR 700 (USD 819) per ton delivered, up EUR 30-40 (USD 35-47) per ton from prices announced last month. The…
Turkey’s leading steel producer Kardemir has lowered prices for steel sections, according to its latest price list. Prices for IPE-NPU sections in sizes 180-550 mm were reduced by USD 10-15 per ton…
Iron ore futures extended losses on Wednesday, marking a fifth consecutive session of declines, as rising supply and lingering demand concerns continued to weigh on market sentiment. Supply-side…
Iron ore futures fell on Tuesday as market sentiment weakened following a fatal accident at a Chinese steel plant, raising concerns over tighter safety inspections and their potential impact on steel…
Iron ore futures fell on Monday as soft economic data and lingering weakness in China’s property sector continued to weigh on market sentiment, alongside lower steel production figures for last year…
Tokyo Steel, Japan’s leading electric arc furnace (EAF) steelmaker, has decided to maintain all product prices for January sales under its latest monthly pricing policy. HRC (1.7-22 mm) remains at…
Turkey’s imported scrap prices firmed this week, with assessments rising to around USD 370-375 per ton CFR, compared with USD 370 per ton previously. The uptick came despite subdued buying activity…
Iron ore futures declined on Friday as rising inventories at major Chinese ports weighed on market sentiment, although expectations of improved demand helped limit losses. Port stocks continued to…
Iron ore futures declined on Thursday as market sentiment remained cautious, with expectations of improving demand yet to fully materialize. Higher iron ore inventories at major Chinese ports, rising…
Turkish steelmaker Kardemir has lowered wire rod prices in its latest sales round, according to the company’s updated price list. Kardemir is now offering 5.5 mm SAE 1006 grade wire rod at USD 597…
Iron ore futures edged higher on Wednesday, supported by record Chinese steel export and iron ore import data, although overall market sentiment remained cautious. Data from the General…
Iron ore futures edged lower on Tuesday as market sentiment remained cautious, although near-term factors helped limit losses. Higher portside inventories in China, rising global iron ore supply and…
India’s largest iron ore producer, National Mineral Development Corporation (NMDC), has lowered prices for both iron ore lump and fines, according to a stock exchange filing. Under the revised…
Vietnamese steelmaker Formosa has increased domestic prices for HRC scheduled for February-March delivery. The company is offering SAE 1006 and SS400 grades at around USD 504-514 per ton, depending…
Published by news.mesteel.com, the MESteel newsroom.