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Middle East News

26Feb
Saudi's SSPC boosts profit, sales via GPC acquisition

Tenaris subsidiary Saudi Steel Pipe Company (SSPC) posted in 2023 a 78.5% on-year consolidated revenue increase to …

Burak Odabasi Turkey
26Feb
Saudi’s Hadeed stabilises March longs prices

Saudi Arabia's largest steelmaker, fully integrated Jubail-based Hadeed, has retained its domestic March-rolling finished long steel quotes …

Burak Odabasi Turkey
26Feb
Vale increases Mid-East deliveries, sales in fourth quarter

Brazilian miner Vale’s iron ore and pellet shipments in the Middle East grew 23.1% on-quarter and 9.7% …

Burak Odabasi Turkey
23Feb
Turkey boosts steel production in January, surpasses Germany

Turkey demonstrated the highest monthly steelmaking production results in the last 21 months in January, registering …

Elina Virchenko UAE
23Feb
Turkish merchant bar quotes edge down

Turkish merchant bar producers are seen struggling to hold their prices as buyers’ price expectations are …

Burcak Alpman Turkey
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Rebar / India / Ex-Works / Raipur / INR/t -1.0%
Billet / GCC / CFR USD/t -3.0%
Billet / Saudi Arabia / Ex-Works SAR/t 0.0%
HDG / Italy Ex-Works EUR/t -1.0%
E8 Light New Scrap / Italy Ex-Works EUR/t -1.0%
E6 New cutting scrap (DKP) / Turkey / delivered basis, TRY/t -0.5%
E1 Heavy Demolition Scrap / Italy Delivered Basis EUR/t 3.0%
E40 Shredded Scrap / Italy Delivered Basis EUR/t 2.0%
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E2 & E3 Shipbreaking scrap /Turkey / Delivered basis / USD/t -3.4%
E3 Demolition Scrap / Germany Ex-Works EUR/t -0.0%
E3 Demolition Scrap / Italy Delivered Basis EUR/t 5.0%
E3 Demolition Scrap / Austria Ex-Works EUR/t 0.0%
Plate / N America Ex-Works USD/s.ton -5.0%
CRC / N America Ex-Works USD/s.ton -3.0%
HRC / N America Ex-Works USD/s.ton -2.0%
HMS 1&2 80:20 / UAE, delivered basis AED/t 0.0%
HMS 1/2 80:20 / Bangladesh / CFR USD/t 0.0%
HMS 1/2 Scrap / Taiwan CFR USD/t -3.0%
Heavy Scrap / China / CNY/t 0.0%
Billet / Tangshan Ex-Works CNY/t 0.0%
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