2026.6.24 Middle East Steel Weekly Report – FREE SAMPLE

Report Period: June 17 – June 24, 2026
Coverage: Saudi Arabia | UAE | Oman | Qatar | Kuwait | Bahrain | Iran | Turkey | Iraq | Egypt

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 10–17, and specific quantified action items for procurement and sales teams.

📌 Core Insights Preview (Excerpt from Full Report)

• First Vessel Crosses Strait of Hormuz – Tangible Recovery Begins – MV Banglar Joyjatra successfully crossed on June 23 after being stranded since February 28, marking the first commercial transit under the June 15 US‑Iran MoU. However, over 730 vessels remain queued, and insurers are holding war‑risk premiums at roughly 30 times normal. (Sources: Worldports, Howden Re)
• GCC Mills Face Production Crisis – Hadeed Partially Shut, EMSTEEL at Risk – Saudi Arabia’s largest steelmaker has partially halted production due to raw material supply risks. EMSTEEL and Bahrain’s SUBL face potential shutdowns. This supply‑side shock will tighten regional availability even as logistics begin to recover. (Sources: Kallanish, Mesteel)
• **Iran Restarts Billet Exports at $415‑420/t FOB – Competitive Threat to China** – Khuzestan Steel concluded a tender for 30,000 tonnes at $420/t FOB. Iranian billet undercuts Chinese material by over $50/t and is already diverting Middle Eastern orders. (Sources: SteelHome, SMM)
• Turkish Scrap Prices Collapse – Mills Finally Get Margin Relief – HMS 80:20 CFR Turkey fell to $380‑386/t, down $20‑26/t week‑on‑week. The scrap‑to‑rebar spread has widened above the $200/t breakeven level, restoring Turkish mills’ competitiveness just as GCC supply gaps emerge. (Sources: BigMint, SteelHome)
• **Chinese Billet FOB Slides to $465‑468/t – Summer Lull and Iranian Competition Weigh** – Export prices dropped $8/t week‑on‑week as Southeast Asian demand softened and buyers turned to cheaper Iranian and Indonesian alternatives. HRC was stable but enquiries remained muted. (Sources: SMM, Mysteel)

💰 Price Snapshot (Selected Benchmarks)

Full report includes: Complete FOB China steel and ferro alloy tables, Saudi tier‑2/3 rebar analysis, UAE supply risk assessment, Turkey scrap‑to‑rebar margin calculation, Iran billet competitive positioning, and detailed week‑on‑week changes versus June 10‑17.

🚢 Port & Logistics Status Summary

💡 Actionable Advice Preview

For Procurement Managers (Buyers)

• ✅ Diversify billet sourcing – Iranian material for non‑GCC destinations, Turkish billet for GCC delivery. Iranian billet at $415‑420/t FOB is the cheapest in the market. For GCC delivery, Turkish billet competes with Chinese and benefits from a shorter Red Sea route. Secure Q3 volumes before the GCC mill supply gap widens further.
• ⏳ Wait for Hadeed’s July price announcement, but prepare to move quickly on tier‑2 mill volumes if the cut exceeds SAR 200‑300/t. Hadeed’s partial shutdown means the official price cut may not translate into abundant supply. Have Turkish rebar CFR quotes ready to execute within 48 hours of the announcement.

For Export Sales Managers (Sellers)

• ✅ Aggressively target the GCC supply gap with Turkish rebar and billet. Hadeed is partially shut, EMSTEEL is at risk. Offer CFR Jeddah at competitive levels, emphasizing reliable Red Sea delivery. This is a temporary but highly profitable arbitrage window.
• 👀 Prepare to re‑enter the UAE market as Jebel Ali stabilises. The first exporter to deliver reliable billet or rebar into Jebel Ali will command a premium. Offer CFR Jebel Ali with flexible delivery windows and force majeure protection.

📈 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 and ferro alloys/carbon additives for China, Saudi Arabia, UAE, Turkey, Iran, Iraq, and Egypt — all with source citations.
• Market Structure Deep Dive: Analysis by product category covering market size, local industry competitiveness, import dependency, anti‑dumping context, and downstream end‑use.
• Week‑on‑Week Deep Dive: Seven‑dimension comparison against June 10‑17 data — prices, policy, currencies, logistics, sentiment, new data, and overall assessment — with forward price forecast.
• GCC Supply Shock Assessment: Quantified impact of Hadeed’s partial shutdown and EMSTEEL/SUBL risks on regional supply and import opportunities.
• Iran Billet Export Analysis: Competitive positioning, tender outcomes, and the implications for Chinese and Turkish billet exporters.
• Trade Remedies & Compliance Tracker: Morocco HRC safeguard (now effective), SASO 2938 countdown (68 days), EU CBAM Q2 deadline, and more.

Disclaimer: This free sample contains excerpts from the June 24, 2026, Middle East Steel & Ferro Alloys Weekly Report compiled by Amy SteelInsights. Data is sourced from SMM, Mysteel, BigMint, SteelHome, Kallanish, Mesteel, Hapag‑Lloyd, Baltic Exchange, Worldports, and official government announcements. Geopolitical conditions, freight rates, war risk premiums, and port accessibility are subject to rapid change. This content is for informational purposes only and does not constitute trading or investment advice.

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