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 8
Iron ore futures extended their losses on Tuesday as weak steel demand and ample supply continued to weigh on market sentiment. The key steelmaking raw material remains under pressure from rising…
Iron ore futures moved lower on Monday as concerns over slowing steel demand and high supply levels continued to weigh on market sentiment. Analysts noted that port-side trading activity has slowed…
Turkey’s imported scrap prices weakened this week as steel mills continued to limit purchases due to weak finished steel demand. HMS 1&2 (80:20) import prices were assessed at around USD 400 per ton…
Iron ore futures declined on Friday as concerns over weakening steel demand and pressure on Chinese steel mill margins continued to weigh on market sentiment. Higher coking coal prices and the…
Iron ore futures extended losses on Thursday as concerns over weakening steel demand and pressure on Chinese steel mill margins continued to weigh on market sentiment. Market insiders noted that…
Saudi Arabia’s Saudi Iron and Steel Company (Hadeed) has maintained domestic prices for its long steel products for June production. The company is offering rebar (12-32 mm) at SAR 2,930 (USD 781)…
Iron ore futures declined on Wednesday as concerns over weakening steel demand continued to weigh on market sentiment. The outlook for iron ore remained under pressure amid expectations of slower…
India’s National Mineral Development Corporation (NMDC) has raised domestic iron ore prices effective June 3, increasing lump ore prices by INR 200 (USD 2) per ton and fines prices by INR 150 (USD…
Iron ore futures post gains on Tuesday, supported by a continued rally in coking coal prices, although the broader outlook for the steelmaking raw material remained pressured by concerns over…
Iron ore futures edged lower on Monday as concerns over weak steel demand and seasonal consumption slowdown outweighed support from a sharp rally in coking coal prices. Meanwhile, coking coal and…
Pakistani flat steel producers International Steels Limited (ISL) and Aisha Steel have increased domestic prices for cold rolled and galvanized steel products by PKR 3,000 (USD 11) per ton, marking…
Chinese coking coal and coke futures rose sharply on Monday following a deadly mining accident in Shanxi province over the weekend, raising concerns over tighter coal supply due to potential…
Turkey’s imported scrap prices softened slightly this week as steel mills maintained cautious purchasing amid weak finished steel demand and squeezed profit margins. HMS 1&2 (80:20) import prices…
Turkish steel producer Kardemir has increased domestic rebar prices in its latest sales round announced on May 21. The company set prices for 12-32 mm rebar at TRY 26,960 (USD 590) per ton EXW…
UAE-based Emirates Steel, part of EMSTEEL Group, has increased rebar prices for June production. The company raised rebar prices by AED 100 (USD 27) per ton to AED 2,821 (USD 768) per ton EXW…
Iron ore futures remained under pressure on Friday amid rising supply levels and concerns over steel demand, although losses were limited by relatively firm near-term consumption. Higher shipments…
Iron ore futures declined on Thursday as concerns over weaker steel demand continued to weigh on market sentiment. Some Chinese steel traders said that domestic steel demand remains relatively…
Iron ore futures posted modest gains on Wednesday, recovering from earlier losses as firm steel production levels in China continued to support near-term demand despite concerns over weaker seasonal…
Iron ore futures declined on Tuesday as market sentiment weakened following reports of stricter steel capacity control measures in China. China’s Ministry of Industry and Information Technology…
Iron ore futures remained under pressure on Monday amid continued uncertainty surrounding China’s steel demand outlook and rising supply pressure from major miners. Market sentiment was weighed down…
Published by news.mesteel.com, the MESteel newsroom.
