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Saturday, June 27, 2026

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Scrap import prices decline further amid weak demand and cautious buying

Turkish imported scrap prices continued to decline this week as weak finished steel demand, falling rebar prices and limited booking activity kept pressure on...

Al Yamamah Steel advances billet project through subsidiary investment

Saudi Arabia's Al Yamamah Steel Industries Company has confirmed it will invest SAR 75.6 mln (USD 20.15 mln) in the capital increase of its...

Iron ore rises as near-term support offsets supply concerns

Iron ore futures edged higher on Friday after reversing earlier losses, supported by resilient Chinese steel output, although the medium-term outlook remained bearish. Data from...

Kardemir lowers domestic rebar prices in latest sales round

Turkish steel producer Kardemir has reduced domestic rebar prices in its latest sales round. The company is offering 12-32 mm rebar at TRY 26,675 (USD...

Kardemir reduces semis, increases finished steel allocations for Q3

Turkish steel producer Kardemir has announced its planned sales volumes for Q3 2026, increasing the share of finished steel products while reducing semi-finished steel...

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