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Steel prices in the second week of June 2026

Global iron and steel markets showed relative stability in early June 2026, with minor price decreases in billet and wire rod. Scrap and iron ore prices saw slight declines, while rebar and hot-rolled coil prices remained steady. Weak demand and ample supply contributed to price pressures on certain steel products.

Steel prices in the first week of June 2026

In the first week of June 2026, global steel markets saw mixed price movements with scrap and iron ore declining while billet prices were stable in some regions and increased in others. Finished steel products like rebar and hot-rolled coil experienced modest gains in specific markets, reflecting cautious sentiment and varied regional demand.

Steel prices in the fourth week of May 2026

Global steel and raw material prices saw mixed movements in late May, with scrap and iron ore declining while Russian billet and hot rolled coil prices edged up. This occurred amidst cautious markets and weak demand, with specific price points noted for Turkish scrap, Australian iron ore, Russian and Chinese billet, Turkish rebar, and Russian hot rolled coil.

Steel Prices in the third Week of May 2026

Global raw material prices saw slight declines, with US scrap and Australian iron ore decreasing. However, finished steel products experienced notable price increases, particularly in Asian markets, with Chinese cold-rolled coil showing the largest weekly rise. Billet prices were mixed, while rebar and wire rod prices remained largely stable or declined.

Steel Prices in the Second Week of May 2026

Chaired by Eng. Ahmed Ezz, The Board of Directors of the Arab Iron and Steel Union holds its 132nd Ordinary Session in Algeria.

The Arab Iron and Steel Union's Board of Directors convened in Algiers, approving a development plan to boost the regional steel industry's competitiveness and endorsing key industry indicators. The board also ratified the 2026 budget and welcomed two new members, Mass Iraq Iron and Steel Company and Solb Steel Company, to foster greater Arab cooperation.

Steel production in Arab countries increased by 7.2% in 2025

Arab steel production grew by 7.2% in 2025 to 43.7 million tonnes, driven by a 9.5% increase in the Gulf region and 6% growth in North Africa. December output also saw a 6.1% year-on-year rise.

Hadeed Raises Rebar Prices for February 2026

Hadeed has increased rebar prices by SAR 70 per ton to SAR 2,260 and wire rod prices by SAR 20 per ton to SAR 2,290 for February 2026 sales. These prices are port-delivered in Riyadh and exclude VAT.

Steel Prices in the Fourth Week of January 2026

Global iron and steel markets showed stability in late January, with most prices unchanged. Imported scrap and billet prices held steady, while iron ore prices dipped due to weaker demand. Turkish rebar prices remained stable, though Turkish wire rod saw a slight increase.

Emirates Steel Maintains Rebar Prices for February 2026