Billet buying sentiment weakens amid logistics disruptions and weak rebar demand
Saudi Arabia's billet market remains heavily affected by logistics disruptions, with tight vessel availability, high freight costs and lengthy berthing delays continuing to complicate...
Iron ore gains on restocking hopes and cost support
China's iron ore futures rose on Tuesday, extending the previous day's gains, as expectations of pre-holiday restocking and firmer sentiment across the steel market...
Iron ore futures rise on improved sentiment
China's iron ore futures rose on Monday, supported by expectations of increased steel mill restocking ahead of China's October National Day holiday, although concerns...
Steel producers face higher costs amid weak demand – report
Bangladesh's steelmakers are facing higher production costs amid weak construction demand, with mills offering discounts to maintain sales, according to local media reports.
The price...
Scrap import prices rise on tighter supply and high freight costs
Turkey's scrap import prices increased this week as tighter availability and firm freight costs supported the market. MESTEEL assessed HMS 1&2 (80:20) at USD...