MESteel assessments and price moves — scrap, billet, rebar, HRC, iron ore and coking coal, across the Middle East and the wider market.
968 articles · page 3
Asian HRC prices have strengthened in recent weeks, supported by rising raw material costs in China and expectations of improving seasonal demand, although buying interest remains cautious in several…
China’s iron ore futures remained broadly stable on Tuesday as firmer raw material costs and expectations of seasonal demand were offset by cooler market sentiment. Market sentiment softened after…
Saudi Arabia’s Saudi Iron and Steel Company (Hadeed) has kept its domestic rebar prices unchanged for September production, while raising wire rod prices by SAR 100-125 (USD 27-33) per ton. Hadeed is…
Turkey’s scrap import prices remained broadly stable this week, with Turkish mills maintaining a cautious purchasing approach. MESTEEL assessed HMS 1&2 (80:20) at USD 375 per ton CFR Turkey…
China’s iron ore futures strengthened on Monday, supported by tighter short-term supply, improving market sentiment and expectations of stronger steel demand ahead of the September peak season…
The GCC beams market remains subdued amid seasonal weakness in demand, while shipping disruptions and higher freight costs are complicating imported supply. Due to geopolitical tensions and…
China’s iron ore futures edged lower on Thursday as rising coking coal and coke costs put further pressure on steel mills, while expectations of higher steel production and firmer seasonal demand…
Turkish steelmaker Kardemir has concluded its latest sales round with higher billet and rebar prices, while firm scrap costs supported the increases. The producer sold S235JR-grade billet at USD 535…
China’s iron ore futures strengthened on Wednesday as improving expectations for steel production provided support to the market, although rising iron ore supply limited the upside. Market sentiment…
GCC rebar mills continue to face limited billet availability as vessel delays complicate deliveries into key markets. MESTEEL’s August assessment puts UAE billet at USD 640-650 per ton, with buyers…
UAE’s Emirates Steel, part of EMSTEEL Group, has kept its rebar prices unchanged for September production. The company maintained its price for 12-32 mm rebar at AED 2,921 (USD 795) per ton EXW…
China’s iron ore futures edged lower on Tuesday as firm cost support failed to offset weaker iron ore fundamentals and cautious buying from steel mills. On the raw material side, coking coal remains…
GCC HRC availability is tightening as shipping disruptions and elevated freight costs make Chinese material increasingly difficult to secure, while Indian mills are gaining interest among UAE buyers…
Iron ore futures strengthened on Monday as firmer steel and raw material prices improved market sentiment, although rising iron ore supply and weak underlying steel demand remained concerns. The…
Turkey’s imported scrap prices remained range-bound this week, with Turkish steel mills showing limited buying interest amid weak finished steel demand and cautious purchasing. MESTEEL assessed HMS…
Iron ore futures were broadly stable on Friday as near-term supply concerns provided some support, while weak steel demand and squeezed mill margins continued to limit the upside. Iron ore…
Turkish steel producer Kardemir has raised its domestic wire rod prices, according to the company’s latest price list. The company is offering 5.5 mm SAE 1006 grade wire rod at USD 620 per ton EXW…
Iron ore futures fell on Thursday as weak steel demand outweighed support from firmer coke and coking coal prices. Crude steel production among China Iron and Steel Association (CISA) member mills…
Iron ore futures edged higher on Wednesday, supported by firmer coking coal and coke prices, although tight steel mill margins and weak underlying demand continued to limit the upside. Coking coal…
Indian steelmakers are seeking to diversify coking coal supplies as higher prices and disruptions in major producing regions increase steelmaking costs, Reuters reported. India imports around 95pct…
Published by news.mesteel.com, the MESteel newsroom.
