Saudi | Scrap Becomes One of the World’s Most Expensive

Saudi HMS 1&2 scrap reached approximately $477 per tonne on August 11.Restricted pellet and DRI imports forced steelmakers to increase...

UAE | Billet Prices Rise Due to Shipping Disruptions

UAE imported billet prices increased to $560–635 per tonne CPT Jebel Ali.The upper end of the range rose by $15...

China | Iron Ore Prices Supported by Improving Chinese Steel Demand

The 62% Fe iron ore index rose to $97.72 per tonne CFR Qingdao.Higher hot-metal production improved demand expectations among Chinese...