Iron ore futures slide on excess supply concerns
Iron ore futures declined on Wednesday as the market grew cautious due to rising iron ore supplies from major miners and uncertainty in demand. Both Rio Tinto and Vale reported higher production and…
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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Iron ore futures declined on Wednesday as the market grew cautious due to rising iron ore supplies from major miners and uncertainty in demand. Both Rio Tinto and Vale reported higher production and…
Taiwan’s China Steel Corp (CSC) will raise domestic steel prices for November, citing improved market sentiment driven by China’s recent policy measures. Prices for commercial-grade HR plates and…
Pakistani flat steel producers, International Steels Limited (ISL) and Aisha Steel, have raised prices for CRC and galvanized coil products by PKR 10,000 (USD 36) per ton in the domestic market…
Dalian iron ore futures slipped on Tuesday as concerns grew over weaker demand prospects and rising shipments from major iron ore miners. The World Steel Association forecasts a 0.9pct decline in…
Iron ore futures rose on Monday, driven by renewed expectations of additional fiscal stimulus from Beijing, following weak economic data that lifted market sentiment. Data from China’s National…
Turkey’s scrap import prices surged this week as Turkish steel mills continued to secure more cargoes to replenish inventories, driven by improved steel demand. Scrap prices rose to USD 385-390 per…
Iron ore futures recovered on Friday as markets anticipated further fiscal stimulus announcements by Beijing ahead of a key press conference. China’s Finance Minister is set to outline plans to…
Turkish steel producer Kardemir has raised its billet prices by USD 20 per ton, according to the latest price list. The new price for S235JR grade billets is USD 550 per ton EXW, while B420 grade…
Iron ore futures continued their decline on Thursday, despite gains earlier in the session, as uncertainty surrounding Beijing’s stimulus measures weighed on the market. Futures initially rose after…
Turkish steel producer Kardemir has announced updated rebar and wire rod prices in its latest price list. The company is now offering rebar (12-32 mm) at TRY 22,000 (USD 642) per ton, up from TRY…
Iron ore futures extended losses on Wednesday, as the lack of additional stimulus measures dampened market sentiment. The sharp rally seen before the holidays cooled off after a press briefing by the…
Ezz Steel, a leading Egyptian steel producer, has lowered its rebar prices for the domestic market. The company is now offering rebar at EGP 38,200 (USD 789) per ton, down from the previous price of…
Iron ore futures reversed earlier gains and posted a loss in post-holiday trading on Tuesday, as markets were disappointed by a recent statement from the National Development and Reform Commission…
Turkey’s scrap import prices surged this week, driven by improved market sentiment and a positive outlook following the rise in Chinese steel prices. Scrap prices were assessed at USD 380-385 per ton…
Turkish steel producer Kardemir has increased its rebar prices in the latest sales round, according to the company’s updated price list. Market insiders noted that the company sold significant…
India’s leading iron ore producer and exporter, the National Mineral Development Corporation (NMDC), has raised prices by INR 400 (USD 4.76) per ton for both lump and fines iron ore. According to a…
Vietnam’s leading steel producer, Hoa Phat, has raised domestic prices for HRC scheduled for December delivery. The company is now offering HRC in SAE 1006 and SS400 grades to domestic buyers at…
Iron ore and other raw materials, along with steel futures, posted sharp gains during pre-holiday trading on Monday, driven by Beijing’s latest stimulus measures that have improved market sentiment…
Turkey’s scrap import prices held steady this week as Turkish steel mills booked several cargoes to replenish inventory. Scrap import prices were assessed at USD 360-365 per ton CFR. In the finished…
Kardemir, one of Turkey’s major steel producers, has announced updated prices for its steel sections. The company is now offering IPE-NPU sections at USD 680-885 per ton EXW for sizes ranging from…
Published by news.mesteel.com, the MESteel newsroom.