Global steel and raw material prices showed mixed trends during the third week of July 2026, according to data obtained by the Arab Iron and Steel Union. Scrap prices continued their slight decline, while iron ore and Chinese billet prices increased, whereas most other steel product prices remained stable. Imported HMS 1&2 (80:20) scrap prices […]
Steel prices in third week of July 2026 Read More »
Global steel and raw material prices remained under pressure in the first week of July 2026, according to data obtained by the Arab Iron and Steel Union. Scrap prices continued to decline, while iron ore, billet, and rebar prices fell across several major markets. Meanwhile, some products maintained stable price levels without significant changes. Imported
Steel prices in the first week of July 2026 Read More »
Global steel and raw material prices witnessed relative stability across most products during the fourth week of June 2026, according to data obtained by Arab Iron and Steel Union. Scrap prices continued their slight decline, while iron ore and billet prices maintained relative stability in most markets. Meanwhile, finished steel products recorded limited fluctuations between
Steel prices in the fourth week of June 2026 Read More »
Global steel and raw material markets recorded mixed movements in the week ending June 20, 2026, as scrap and iron ore prices continued their downward trend, while billet prices showed limited fluctuations in some markets, amid ongoing caution across global markets and close monitoring of demand developments. These movements reflect a continuation of market trends
Steel prices in the third week of June 2026 Read More »
Global iron and steel markets witnessed relative stability in most raw material and steel product prices in the second week of June 2026, with some limited declines recorded in billet and wire rod prices, according to data obtained by Arab Iron and Steel Union. Prices of HMS 1&2 (80:20 mix) scrap imported by Turkey from
Steel prices in the second week of June 2026 Read More »
Global steel and raw material prices recorded mixed movements in the first week of June 2026, with scrap and iron ore prices declining, while billet prices remained stable in some markets and certain finished steel products registered modest gains. This is according to data obtained by the Arab Iron and Steel Union. Imported HMS 1&2
Steel prices in the first week of June 2026 Read More »
Steel and raw material prices in global markets witnessed notable fluctuations during the fourth week of May compared to the previous week. Scrap, iron ore, and some finished steel products recorded declines, while Russian billet and Russian hot rolled coil prices posted slight increases, amid continued market caution and weak demand in several global markets,
Steel prices in the fourth week of May 2026 Read More »
Global market data showed slight movements in raw material prices during the third week of May, while some finished products recorded notable increases, particularly in Asian markets, according to data obtained by the Arab Iron and Steel Union. In the raw materials market, the price of HS1&2 scrap (80:20 mix) exported to Turkey (CFR ex-USA)
Steel Prices in the third Week of May 2026 Read More »
Global iron and steel markets witnessed mixed price movements during the second week of May, as prices of raw materials and semi-finished products increased, while finished products showed mixed performance, according to data obtained by the Arab Iron and Steel Union. In the raw materials market, prices of imported HS1&2 scrap (80:20 mix) into Turkey
Steel Prices in the Second Week of May 2026 Read More »
Global iron and steel markets witnessed relative stability during the fourth week of January, with most prices remaining unchanged compared to the previous week, according to data obtained by the Arab Iron and Steel Union. In the raw materials market, prices of imported HS1&2 scrap (80:20 mix) into Turkey (ex-USA, CFR) stabilized at $376 per
Steel Prices in the Fourth Week of January 2026 Read More »
Iron ore futures prices declined for the fifth session in a row, driven by increased shipments from Rio Tinto, the world’s largest iron ore supplier, alongside rising concerns over safety measures at Chinese plants, which have cast a shadow over demand expectations. The most actively traded iron ore contract for May delivery on China’s Dalian
Iron ore prices fall for the fifth consecutive session Read More »
BHP Group, the world’s largest mining company, produced 69.7 million tons of iron ore in the second quarter, marking a 5% increase compared with the same period last year, and reaffirmed its full-year production guidance. Copper output fell by 4% in the three months ended at the end of December, reaching 490,500 tons. The red
BHP boosts iron ore output amid pricing pressure from China Read More »
Rio Tinto and BHP have agreed to explore collaboration to extract up to 200 mln tons of iron ore from their neighboring Yandicoogina and Yandi operations in the Pilbara. Under two non-binding memoranda of understanding, the companies will assess joint development of Rio Tinto’s Wunbye deposit and the supply of ore from BHP’s Yandi Lower
Rio Tinto, BHP explore joint iron ore development in Pilbara Read More »
Global iron and steel markets witnessed relative price stability during the third week of January 2026, with some price movements recorded for certain products, according to data obtained by the Arab Iron and Steel Union. In terms of scrap and iron ore, prices for HS1&2 scrap (80:20) delivered to Turkey remained steady at $376 per
Steel Prices in the Third Week of January 2026 Read More »
Iron ore futures prices fell, heading toward weekly losses, amid weakening domestic demand for steel. The most actively traded May iron ore contract on China’s Dalian Commodity Exchange closed Friday’s session down 0.5%, settling at 812 yuan ($116.55) per ton. Meanwhile, on the Singapore Exchange, February iron ore futures declined by 1% to trade at
Iron Ore Prices Decline in China and Singapore Read More »
Ukraine reduced its iron ore exports by 8% year on year in 2025, reaching around 30.99 million tonnes compared with 2024, according to calculations by the GMK Center based on data from the State Customs Service of Ukraine. China remains the largest traditional importer of Ukrainian iron ore, with shipments totaling 16.41 million tonnes during
Ukraine’s iron ore exports declined by 8% in 2025 Read More »
Saudi Iron & Steel Company (Hadeed) and the National Shipping Company of Saudi Arabia (Bahri) have signed a letter of intent to explore opportunities for cooperation in maritime transport to meet Hadeed’s requirements for seaborne iron ore shipments. The LOI, signed in Riyadh, outlines the two parties’ intention to discuss mechanisms for leveraging Bahri’s capabilities
SNIM achieved a record level of iron ore production and sales in 2025, reaching around 14.7 million tonnes and surpassing the 14 million-tonne threshold for the third consecutive year, reflecting clear improvements in operational performance and sustained growth. The company aims to increase production and sales to 15.5 million tonnes in 2026, focusing on enhancing
SNIM Achieves a Record in Iron Ore Production in 2025 Read More »
Global iron and steel markets witnessed a state of relative price stability during the second week of January 2026, with limited price movements recorded for some products, according to data obtained by the Arab Iron and Steel Union. Prices of HS1&2 steel scrap (80:20 mix) imported into Turkey from the United States stood at USD
Steel Prices in the Second Week of January 2026 Read More »
Iron ore futures prices climbed to their highest level in several months, driven by hopes of improving demand in China, the world’s largest iron consumer, after Beijing pledged to ease monetary policy this year. The most-active May iron ore contract on China’s Dalian Commodity Exchange rose 4.1% on Wednesday to close at 828 yuan (USD
Iron ore prices in China rise to highest level since July Read More »
Iron ore futures prices climbed, supported by China’s pledge—the world’s largest iron ore consumer—to adopt more effective fiscal policies in 2026, boosting expectations for demand for the key raw material used in steelmaking. The most active iron ore contract for May 2026 delivery on the Dalian Commodity Exchange in China ended Monday’s trading up 2.6%,
Iron ore prices in China rise by more than 2% Read More »
Iron and Steel for Mines and Quarries announced that it achieved total sales of EGP 25.34 million during the month of November. In a statement to the Egyptian Exchange, the company clarified that sales from the Bahariya Oasis mines recorded EGP 25.34 million during October. It is worth noting that Iron and Steel for Mines
Egypt: EGP 25.34 million in sales by Iron and Steel for Mines in November Read More »
Global iron and steel markets witnessed a state of relative price stability during the fourth week of December 2025, with limited movements recorded for some products, according to data obtained by the Arab Iron and Steel Union. In the scrap market, prices of HS1&2 scrap (80:20 mix) imported from the United States to Turkey remained
Steel Prices in the Fourth Week of December 2025 Read More »
Global steel markets recorded limited price fluctuations during the third week of December 2025, according to data obtained by the Arab Iron and Steel Union. Imported 2&HS1 steel scrap (80:20 mix) from the United States to Turkey remained stable at USD 369 per tonne CFR, with no week-on-week change.Meanwhile, the price of 62% iron ore
Steel prices in the third week of December 2025 Read More »
The CEO of Sonarem Group, Reda Belhaj, received in Algiers the Vice President of Tosyali Algeria, Alp Topkocoglu, as part of the implementation of the major strategic partnership between Sonarem Group—through its subsidiary, the Algerian Iron and Steel Company (FERAL)—and Tosyali Algeria to develop the Gara Djebilet mine, according to a statement issued by the
Global steel markets recorded limited price fluctuations during the second week of December 2025, according to data obtained by the Arab Iron and Steel Union. Prices of HS1&2 scrap (80:20 mix) imported into Turkey from the United States remained stable at USD 369 per ton CFR, reflecting a slight week-on-week increase of USD 1. As
Steel Prices in the Second Week of December 2025 Read More »
China Mineral Resources Group, the state-backed trading arm, has warned that iron ore prices are drifting away from real market fundamentals as intensified speculative activity pushes prices higher at a pace that does not reflect actual supply and demand conditions. In a report issued by its research unit — published on the WeChat account of
Chinese Iron Ore Trade: Prices Climb Unjustifiably Due to Speculation Read More »
Iron ore futures prices fell during Tuesday’s trading, following the shipment of the first batch of production from the Simandou project in Guinea, which strengthened expectations of increased supply at a time when demand in China—the world’s largest consumer—is expected to weaken. The most actively traded iron ore contract for May 2026 delivery on the
Iron Ore Prices Decline Amid Growing Expectations of Ample Supply Read More »
Brazilian mining giant Vale, one of the world’s leading iron ore suppliers, has lowered its production outlook for 2026 amid weakening global demand and the arrival of new supply from Africa. The company stated, ahead of its Investor Day event in London, that it now targets production of 335–345 million tonnes of iron ore in
Vale Cuts 2026 Iron Ore Production Forecast Amid Global Demand Slowdown Read More »
The China Iron and Steel Association has urged domestic iron ore producers to accelerate the implementation of key projects, as the world’s largest consumer of the ore faces a challenge due to its reliance on imported supplies from major producers such as BHP. Vice President Xia Nong said in a statement issued Monday evening that
China is pushing to accelerate domestic iron ore projects in pursuit of independence Read More »