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Middle East News

GCC billet market stable, UAE local scrap hikes

The Gulf Cooperation Council billet market is stable. Merchant billet producers and integrated mills are awaiting …

Turkish scrap prices soften further on fresh deals

Due to unfavourable sentiment, weak steel sales and sufficient availability of offers in the Turkish scrap …

Inflation, strong dollar challenge steel trade: Celsa’s Gordienko

High inflation is reducing steel demand, while the US Federal Reserve’s monetary tightening has resulted in …

Turkish HDG, PPGI demand remains weak

Demand in Turkish local and foreign markets centers around immediate-shipment HDG and PPGI, market participants inform Kallanish …

Benelux scrap pricing pressured, export demand sluggish

Scrap prices in the Benelux are under pressure this week following the downtick in the Indian …

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