MESteel assessments and price moves — scrap, billet, rebar, HRC, iron ore and coking coal, across the Middle East and the wider market.
970 articles · page 41
Iron ore futures extended their rally for a fourth consecutive session on Friday, driven by Beijing’s recent stimulus measures. This week, China’s central bank announced a reduction in the reserve…
Saudi Iron and Steel Company (Hadeed) will reduce its long steel prices for October deliveries due to sluggish demand, according to market insiders. The company plans to lower the price of rebar…
Turkish steel producer Kardemir has launched a new round of billet sales, according to its latest price list. The company maintained the price of S235JR grade billets at USD 530 per ton EXW, while…
Iron ore futures extended gains for a third consecutive session on Thursday, driven by China’s pledge for additional stimulus, which restored confidence just as the effects of the latest monetary…
Iron ore futures extended gains on Wednesday as Beijing’s recent stimulus measures fueled optimism for steel demand. Following Tuesday’s broad policy easing, the Chinese central bank cut medium-term…
Iron ore futures surged on Tuesday following Beijing’s announcement of monetary stimulus aimed at supporting the economy. China’s central bank introduced several policy measures, including a cut to…
UAE’s EMSTEEL, formerly known as Emirates Steel Arkan, has maintained its rebar prices for October production. The company’s rebar prices remain unchanged at AED 2,447.25 (USD 666) per ton CPT Abu…
Iron ore futures tumbled on Monday as market sentiment weakened due to the absence of new stimulus measures from Beijing. Despite expectations of a rate cut to bolster the economy, the Chinese…
Turkey’s scrap import prices declined this week as Turkish steel mills booked several European-origin scrap cargoes at lower prices. Scrap import prices were assessed at USD 360-365 per ton CFR, down…
Turkish steel producer Kardemir has raised its rebar and wire rod prices in the latest sales round, according to the company’s updated price list. Rebar in sizes ranging from 12 to 32 mm is now…
Iron ore futures gained on Thursday, driven by stimulus hopes despite ongoing demand concerns. The optimism was fueled by the US central bank’s decision to cut interest rates for the first time in…
Tokyo Steel, a leading EAF-based steel producer in Japan, has reduced steel prices for October after maintaining stable prices for the past seven months. HRC (1.7-22 mm) prices were lowered by JPY…
Iron ore futures plunged on Wednesday following the post-holiday resumption of trading, driven by cautious market sentiment surrounding demand prospects. Chinese commodity markets were closed earlier…
Turkey’s scrap import prices remained stable this week as buyers evaluated the market in light of cheaper billet offers from China. Scrap prices were assessed at USD 370 per ton CFR, unchanged from…
Iron ore futures declined on Friday but recorded weekly gains as mills increased production to capitalize on improved steel demand. The reduction in steel inventories at major Chinese warehouses…
Iron ore futures rose on Thursday, driven by pre-holiday restocking activity, which lifted market sentiment. Steel inventories at major Chinese warehouses continued to decline ahead of the Mid-Autumn…
Turkish steel producer Kardemir has lowered its billet prices, as per the latest price list. The company’s S235JR grade billets are now offered at USD 530 per ton EXW, and B420 grade billets at USD…
Iron ore futures rose on Wednesday, supported by improving steel demand, which boosted market sentiment. Major steel producers, Baosteel and Shagang, kept domestic prices for long and flat steel…
Iron ore futures dipped slightly on Tuesday after giving up earlier gains, as the market remained cautious about steel demand recovery. Typically, the peak steel consumption months of September and…
Iron ore futures rose on Monday, driven by improved steel demand and renewed hopes for stimulus following China’s tepid economic data, despite long-term concerns over demand for key steelmaking raw…
Published by news.mesteel.com, the MESteel newsroom.
