GCC beams market navigates weak demand and shipping disruption
The GCC beams market remains subdued amid seasonal weakness in demand, while shipping disruptions and higher freight costs are complicating imported supply.
Due to geopolitical...
Iron ore futures ease as rising raw material costs weigh on steel demand
China's iron ore futures edged lower on Thursday as rising coking coal and coke costs put further pressure on steel mills, while expectations of...
Kardemir raises billet and rebar prices in latest sales round
Turkish steelmaker Kardemir has concluded its latest sales round with higher billet and rebar prices, while firm scrap costs supported the increases.
The producer sold...
Iron ore futures strengthen on improving market sentiment
China's iron ore futures strengthened on Wednesday as improving expectations for steel production provided support to the market, although rising iron ore supply limited...
GCC billet market faces supply constraints as vessel delays disrupt deliveries
GCC rebar mills continue to face limited billet availability as vessel delays complicate deliveries into key markets. MESTEEL's August assessment puts UAE billet at...
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