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 6
Iron ore futures fell on Friday as the demand outlook remained weak, with seasonal slowdown in steel consumption continuing to pressure Chinese steel mills’ margins. Market insiders said sluggish…
India’s National Mineral Development Corporation (NMDC) has reduced its domestic iron ore prices effective July 10, lowering lump ore prices by INR 250 (USD 2.6) per ton and fines prices by INR 150…
Turkish imported scrap prices remained under pressure this week as weak finished steel demand, sluggish export sales and cautious mill buying continued to weigh on the market. MESTEEL assessed HMS…
Iron ore futures rose slightly on Friday, supported by expectations of tighter near-term supply, although weak steel demand and declining hot metal output continued to limit further gains. Markets…
Iron ore futures edged higher on Thursday, supported by concerns over a potential supply disruption at BHP’s Port Hedland operations in Western Australia, although weakening steel demand continued to…
Turkish steelmaker Kardemir has lowered domestic billet prices in its latest sales round. The producer offered S235JR-grade billet at USD 515 per ton EXW, while B420-grade billet was offered at USD…
Iron ore futures rose on Wednesday, supported by concerns over a potential supply disruption at Port Hedland, the world’s largest iron ore export terminal, although the medium-term outlook remained…
Vietnamese steelmaker Formosa Ha Tinh Steel has reduced domestic HRC prices for August-September deliveries by around USD 40 per ton, following a similar move by Hoa Phat amid weak market demand. The…
Turkish steelmaker Kardemir has lowered domestic rebar prices in its latest sales round amid subdued market conditions. The producer is offering 12-32 mm rebar at TRY 26,500 (USD 566) per ton EXW…
Turkey’s leading steel producer Kardemir has increased domestic prices for steel sections, according to its latest price list. The producer raised prices for IPE-NPU sections in sizes 180-550 mm to…
Iron ore futures declined on Tuesday as weak steel market fundamentals continued to weigh on sentiment, with the outlook for demand remaining uncertain. Market sources said the seasonal slowdown in…
Iron ore futures edged higher on Monday as relatively high Chinese steel production continued to provide near-term support. However, gains remained limited as high portside inventories, shrinking…
Turkish imported scrap prices extended their decline this week as weak finished steel demand, softer export prospects and cautious mill buying continued to pressure the market. MESTEEL assessed HMS…
Iron ore futures declined on Friday as the market shifted its focus back to weak fundamentals after a brief recovery in the previous session driven by reports that China’s state-owned iron ore buyer…
Vietnamese steelmaker Hoa Phat has reduced domestic HRC prices for August deliveries amid weak market demand and seasonal pressure. The producer lowered prices by around USD 34 per ton compared with…
Iron ore futures rose on Thursday after reports that China Mineral Resources Group (CMRG) had instructed some steel mills to stop purchasing certain low-grade Fortescue iron ore fines from Chinese…
Iron ore futures fell on Wednesday as weak steel market fundamentals continued to weigh on market sentiment. Demand for finished steel remained subdued, with prices coming under pressure amid ample…
Saudi Arabia’s Saudi Iron and Steel Company (Hadeed) has reduced domestic prices for its long steel products by SAR 130 (USD 35) per ton for July production. The company is offering 12-32 mm rebar at…
Iron ore futures rose on Tuesday after positive Chinese manufacturing data provided support to the market, although concerns over steel demand continued to limit gains. China’s official Purchasing…
Iron ore futures advanced on Monday, supported by resilient Chinese steel production despite continued concerns over weak steel demand and rising global supply. Although iron ore continues to face…
Published by news.mesteel.com, the MESteel newsroom.
