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Middle East News

6Mar
Saudi's Watani sees sales, profit plunge in 2023

Riyadh-based long steel producer Watani Iron Steel Company (WISC) posted a 37.9% on-year decline in 2023 revenue to …

Burak Odabasi Turkey
6Mar
Turkey’s Cemtas posts revenue, profit decline in 2023

Turkey’s Cemtas produced 154,799 tonnes of crude steel in 2023, down from 158,509t a year earlier. …

Burcak Alpman Turkey
5Mar
Turkish scrap market foresees continuing price decline

Oversupply continues to weigh on prices in the Turkish scrap market.

A booking done 1 March …

Burcak Alpman Turkey
5Mar
Local HRC slips in GCC

The Gulf Cooperation Council's only flat steel producer, the Saudi mill, has cut its domestic 3mm …

Burak Odabasi Turkey
5Mar
Turkey’s Kocaer commissions expanded service centre

Turkey’s Kocaer Steel has commissioned its steel service centre, whose capacity was increased by 50%, the …

Burcak Alpman Turkey
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Latest prices

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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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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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