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...
GCC flat steel imports remain challenged by freight and vessel disruptions
GCC flat steel buyers continue to face uncertainty over imported supply as vessel availability, freight costs and disruptions around key shipping routes complicate procurement....
Hadeed raises wire rod prices, keeps rebar unchanged for September
Saudi Arabia's Saudi Iron and Steel Company (Hadeed) has kept its domestic rebar prices unchanged for September production, while raising wire rod prices by...
Scrap import prices remain range-bound amid mixed fundamentals
Turkey's scrap import prices remained broadly stable this week, with Turkish mills maintaining a cautious purchasing approach. MESTEEL assessed HMS 1&2 (80:20) at USD...
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...