Tuesday, September 1, 2026
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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...Steel exports and production rise, domestic consumption weakens in July – TCUD
Turkey's steel product exports remained firm in the first seven months of 2026, while domestic finished steel consumption declined in July, according to data...Group Five Pipe’s H1 net profit rises on lower production costs
Saudi Arabia's Group Five Pipe Saudi Company reported a 14.3pct YoY increase in net profit to SAR 143.1 mln (USD 38 mln) in the...
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Iron ore futures strengthen as supply concerns and seasonal demand support prices
China's iron ore futures strengthened on Monday, supported by tighter short-term supply, improving market sentiment and expectations of stronger steel demand ahead of the...Xinyu Steel boosts high-grade electrical steel capacity
Xinyu Iron and Steel, part of Baowu Group, has commissioned a new production facility with annual capacity of 250,000 tons of non-grain-oriented (NGO) electrical...ArcelorMittal approves Tubarao flat steel expansion
ArcelorMittal Brasil has approved a BRL 4-5 bln (USD 0.7-0.9 bln) investment to install a cold rolling mill and continuous coating line at its...Tuflesa to modernize sizing section of ERW tube line at Las Torres de Cotillas plant
Tubos y Flejes SLU (Tuflesa), part of the Bornay Group, has commissioned SMS group to modernize the sizing section of its ERW tube line...
- Prices
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...Iron ore futures strengthen as supply concerns and seasonal demand support prices
China's iron ore futures strengthened on Monday, supported by tighter short-term supply, improving market sentiment and expectations of stronger steel demand ahead of the...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...
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