📡 2026.6.10Middle East Steel Weekly Report – FREE SAMPLE

Report Period: June 3 – June 10, 2026

This is a limited preview. The full report includes complete price tables across steel, ferro alloys, and carbon additives, a full market structure deep dive by product category with anti-dumping analysis, a week-on-week deep dive comparing this period to May 27–June 3, and specific quantified action items for procurement and sales teams.*

📌 Core Insights Preview

• Ceasefire Collapses – Hormuz Transit Crashes to 3-10% of Normal – The fragile diplomatic recovery ended abruptly on June 7. Vessel traffic has plummeted to 3-11 ships/day, war risk premiums have doubled to 5-10% of hull value, and Jebel Ali is again unreachable. All prior logistics assumptions are invalid. (Sources: Howden Re, Worldports.org)
• Sabic Slashes Saudi Rebar Prices by 14-15% – Demand Weakness Emerges – The second price cut in less than a month signals that even Vision 2030-driven demand is softening, particularly in the isolated Eastern Province. Tier-2 mills are now undercutting Hadeed’s official list price significantly. (Sources: Gulf Industry Online, Mesteel)
• Jeddah Port Overwhelmed – Sole Saudi Gateway at 90% Yard Density – Productivity has dropped 30-35% as all diverted vessels crowd the only functioning Red Sea port. Inland trucking costs to Eastern Province remain at $65-125/t. (Source: Hapag-Lloyd)
• Iron Ore Drops 10% WoW – Eases Cost Pressure but Signals Global Demand Concern – 62% Fe CFR China fell to $102.35/dmt, dragging Chinese HRC FOB down by $10-18/t. The BDI slid further to 2,818, providing limited freight relief that is completely offset by the war risk surge. (Sources: Mysteel, Baltic Exchange)
• Iran Billet Offers Resurface at $405-425/t FOB – Inaccessible for GCC Buyers – With the formal export ban apparently not extended, some Iranian billet is available, but logistical and sanctions barriers make it unreachable for Gulf re-rollers. (Source: Mysteel)

💰 Price Snapshot (Selected Benchmarks)

Full report includes: Complete FOB China steel and ferro alloy tables, Saudi three-tier rebar market analysis, UAE rebar shortage dynamics, Turkey scrap-to-rebar margin tracking, full import viability assessment with revised war risk premiums, and detailed week-on-week changes versus the prior period.

🚢 Port & Logistics Status Summary

💡 Actionable Advice Preview

For Procurement Managers (Buyers)

• 🛑 STOP all orders to East Coast Gulf ports (Dammam, Jubail, Jebel Ali, Khalifa). The Strait blockade makes delivery impossible. War risk premiums of 5-10% will render any CFR quote commercially unviable. Accept the reality of Jeddah-only delivery for the foreseeable future.
• ✅ Immediately contract Turkish rebar via Jeddah. Turkish FOB at $590-595/t is competitive against domestic Saudi tier-2 offers of SAR 2,750-2,850/t after accounting for freight. Turkish supply via the Red Sea offers the most reliable delivery timeline. Lock volumes before mills raise offers in response to surging demand.

For Export Sales Managers (Sellers)

• ✅ Aggressively quote Turkish rebar to Jeddah buyers with a reliability premium. Emphasize your Red Sea routing that avoids Hormuz entirely. Offer transparent CFR pricing and target buyers who have been abandoned by East-bound suppliers. This is a temporary window of pricing power.
• ❌ Pause all direct offers to UAE buyers until port access clarifies. Jebel Ali is unreachable, and Fujairah/Khor Fakkan face security risks. Any cargo destined for the UAE risks being stranded or diverted. Only offer if the buyer arranges transshipment from a safe port and accepts the risk.

📈 What You Get in the Full Report

The complete 20+ page weekly report equips you for six-figure procurement and sales decisions with:

• Comprehensive Price Tables: 40+ price points across steel, ferro alloys, and carbon additives for 6 regional markets, all with source citations.
• Market Structure Deep Dive: Detailed analysis of billet, rebar, HRC, CRC, HDG, carbon steel pipe, stainless steel, CRGO, FeMn, SiMn, FeSi, CPC, and GPC – covering market size, growth drivers, local industry competitiveness, import dependency, product specifications, anti-dumping context, and competitive positioning.
• Week-on-Week Deep Dive: A dedicated section comparing this week’s data against May 27–June 3 across seven dimensions – prices, policy, currencies, logistics, sentiment, new data, and overall assessment – with a forward price forecast and three supporting arguments.
• Crisis Logistics Assessment: Updated Hormuz traffic model, war risk premium analysis, port congestion metrics, and alternative routing cost comparisons reflecting the post-June 7 collapse.
• Trade Remedies & Compliance Tracker: Morocco’s new HRC safeguard, Iran ban status, SASO 2938 countdown, and critical deadlines for Saudi AD duties.
• Dual-Perspective Action Items: Specific, prioritized advice for procurement teams and export sales teams, including emergency sourcing strategies and risk-mitigation tactics for the current crisis phase.

Disclaimer: This free sample contains excerpts from the June 10, 2026, Middle East Steel & Ferro Alloys Weekly Report compiled by Amy SteelInsights. Data is sourced from Mysteel, SMM, BigMint, Kallanish, Baltic Exchange, Howden Re, Hapag-Lloyd, 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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