2026.6.17 Middle East Steel Weekly Report – FREE SAMPLE

Report Period: June 10 – June 17, 2026

*This is a limited preview. The full report includes complete price tables across steel, ferro alloys, and carbon additives for six regional markets, a full market structure deep dive by product category with anti-dumping analysis, a week-on-week deep dive comparing this period to June 3–10, and specific quantified action items for procurement and sales teams.*

📌 Core Insights Preview

• US-Iran MoU Signed – Market Pivots from Crisis to Transition – A landmark 60-day ceasefire and negotiation window was established on June 15. The agreement reduces immediate disruption risk and sets a path toward Strait of Hormuz normalization, though insurers and shipowners remain cautious. (Sources: White House, IRNA)
• War Risk Premiums Halve to 2.5–3% – But Physical Logistics Yet to Catch Up – War risk insurance for Strait transit has dropped sharply from 5–10% a week ago. However, Jebel Ali still has no vessel calls, Jeddah remains at 90% yard congestion, and no significant bulk steel shipments have resumed through the Strait. (Sources: Howden Re, Hapag-Lloyd)
• **Brent Crude Falls Below $80/bbl – Energy Cost Relief for Steel Production** – Oil prices dropped 4.3% to $79.63/bbl, their lowest since March. Lower energy costs will gradually reduce DRI production and freight expenses, though the impact on delivered steel prices will lag. (Sources: ICE, Reuters)
• China Export Prices Stable Despite Global Shock – Summer Demand Lull Persists – Chinese billet FOB held at $473–476/t, HRC at $496–502/t. Exporters report no surge in Middle East inquiries yet, with buyers waiting to see how quickly the MoU translates into real logistics improvement. (Sources: SMM, Mysteel)
• Saudi Hadeed Holds June Price at SAR 2,930/t – Tier-2 Mills Undercut by SAR 150–250/t – The gap between official and transaction prices signals demand softness, exacerbated by the approaching Eid al-Adha holiday. Hadeed’s July-rolling price announcement is expected imminently, with a SAR 200–300/t cut widely anticipated. (Sources: Kallanish, Mesteel)

💰 Price Snapshot (Selected Benchmarks)

*Full report includes: Complete FOB China steel and ferro alloy tables, Saudi three-tier rebar market analysis with Hadeed July-cut expectations, UAE rebar premium dynamics, Turkey scrap-to-rebar margin tracking, full import viability assessment with revised war risk premiums, and detailed week-on-week changes versus the June 3–10 crisis period.*

🚢 Port & Logistics Status Summary

💡 Actionable Advice Preview

For Procurement Managers (Buyers)

• ✅ Book Saudi tier-2 rebar for immediate project needs at SAR 2,750–2,850/t before the Eid holiday. The Hadeed July cut is widely expected, but tier-2 mills are already offering at or near the anticipated post-cut level. Cover only near-term requirements; preserve firepower for post-holiday opportunities.
• ⏳ Continue to defer Chinese HRC/billet import orders for East coast delivery. The MoU is positive, but Jeddah remains congested and Jebel Ali is still closed. Wait for concrete evidence of improved vessel traffic and lower war risk premiums before committing to new seaborne orders.

For Export Sales Managers (Sellers)

• ✅ Offer Turkish rebar to Jeddah buyers while the logistics arbitrage window remains open. Turkish material still holds a clear advantage over Chinese supply, which must transit the still-risky Strait or the long Cape route. This pricing window will narrow once Chinese vessels resume normal Gulf sailings.
• 👀 Prepare cargoes for the UAE market reopening. Jebel Ali will not stay closed forever. The first supplier to deliver reliable billet or rebar into the port after it reopens will command an extraordinary margin. Maintain contact with UAE buyers and have shipments ready to sail on short notice.

📈 What You Get in the Full Report

The complete 25+ page weekly report equips you for six-figure procurement and sales decisions with:

• Comprehensive Price Tables: 50+ price points across steel (billet, rebar, HRC, CRC, HDG, pipe, stainless, CRGO) and ferro alloys/carbon additives (FeMn, SiMn, FeSi, CPC, GPC) for China, Saudi Arabia, UAE, Turkey, Iran, Iraq, and Egypt—all with source citations.
• Market Structure Deep Dive: Detailed analysis by product category covering market size, growth drivers, local industry competitiveness, import dependency, product specifications, downstream end-use, anti-dumping context, and competitive positioning.
• Week-on-Week Deep Dive: A dedicated section comparing this week’s data against June 3–10 across seven dimensions—prices, policy, currencies, logistics, sentiment, new data, and overall assessment—with a forward price forecast and three supporting arguments.
• US-Iran MoU Impact Assessment: Quantified analysis of war risk premium changes, oil price implications, and the expected timeline for Strait of Hormuz normalization and its effect on steel landed costs.
• Trade Remedies & Compliance Tracker: Morocco HRC safeguard (effective June 19), Turkey AD on Chinese/Korean flat steel, Egypt safeguards, SASO 2938 countdown (75 days remaining), and SABER certification requirements.
• Dual-Perspective Action Items: Specific, prioritized advice for procurement teams and export sales teams, including emergency sourcing strategies, pre-normalization positioning, and risk-mitigation tactics for the current transition phase.

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