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Middle East News

8Mar
Halted scrap downtrend fuels Turkish merchant bar hopes

Turkish merchant bar producers have struggled to hold their prices amid raw material price declines, with …

Burcak Alpman Turkey
8Mar
Saudi-based Ceer awards electric vehicle plant construction contract

Ceer has awarded a SAR 5 billion ($1.3 billion) contract to Saudi firm Modern Building Leaders …

Burak Odabasi Turkey
8Mar
Magnum acquires 50% in Saudi pig iron JV

Australian-listed Magnum Mining and Exploration has agreed to acquire 50% of Saudi Middle East for Metallic …

Burak Odabasi Turkey
7Mar
Weak demand constrains HRC trade in Turkey

The Turkish market for hot rolled coil has continued to struggle, with weak demand both domestically …

Elina Virchenko UAE
7Mar
Turkish pipe quotes continue decline amid sluggish demand

Turkish pipe producers are seen facing weak demand in both domestic and export markets.

Pipemakers’ official …

Burcak Alpman Turkey
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Latest prices

+/-
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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More Global Prices

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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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