Scrap import prices remain under pressure as finished steel demand weakens
Turkey's imported scrap market remained subdued this week as weak finished steel demand continued to weigh on buying activity. MESTEEL assessed HMS 1&2 (80:20)...
Container ship sinks with scrap shipments bound for Pakistan
A Singapore-flagged container ship sank in the Strait of Hormuz on October 13 while carrying several consignments of steel scrap bound for Pakistan, with...
Structural steel market navigates growing logistics constraints
The UAE structural steel market continues to face logistics disruptions, with congestion at UAE ports and uncertainty over vessel movements through the Strait of...
Billet imports rise in Jan-Aug 2026
Turkey's billet imports increased 15.5pct YoY to around 3.35 mln tons in January-August 2026, according to the Turkish Statistical Institute (TUIK).
Russia was the largest...
Hoa Phat steel sales rise 39pct in Jan-Sep 2026 YoY
Vietnamese steelmaker Hoa Phat Group sold 10.3 mln tons of steel products, including HRC, construction steel, wire rod and billets, during January-September 2026, up...