📡 2026.6.3Middle East Steel Weekly Report – FREE SAMPLE

Report Period: May 27 – June 3, 2026

This is a limited preview. The full report includes complete price tables for China, Saudi Arabia, UAE, Turkey, Iran, Iraq, and Egypt, a full market structure deep dive by product category with anti-dumping analysis, a week-on-week deep dive comparing this period to May 20–27, and specific quantified action items for procurement and sales teams.*

📌 Core Insights Preview (Excerpt from Full Report)

• Iran Extends Steel Export Ban Indefinitely – Structural Supply Gap Now Permanent – The export suspension on 66 tariff codes including billets, slabs, HRC, CRC, and coated sheets will remain until further notice. With Mobarakeh Steel still in near-total shutdown and Khuzestan Steel 6–12 months from restart, approximately 10 million tonnes of annual supply is structurally removed from global markets. (Sources: IRNA, Etemad)
• Saudi Hadeed Confirms July Rebar Cut of SAR 200/t – Seasonal Demand Trough Priced In – The market maker reduced July-rolling rebar prices by SAR 200/t ($53/t), resetting the Saudi benchmark. The Hajj and Eid Al Adha seasonal slowdown is now fully reflected in pricing, creating a tactical buying window before post-holiday demand rebounds. (Sources: Kallanish, MEsteel)
• Hormuz Transits Accelerate Past 40 Vessels Per Day – War Risk Premiums Ease – Daily crossings reached 40–45 vessels, the highest sustained level since the crisis began. War risk insurance premiums declined to 2–5% of hull value from 3–8%, improving the economics of Middle East steel imports. Diplomatic negotiations between the US and Iran are progressing. (Sources: Kpler, IRGC, Bernama)
• **China Billet FOB Inches Higher on Iron Ore Strength – $114/dmt Provides Cost Floor** – Chinese billet export offers rose modestly to $478–482/t FOB, supported by firm iron ore and steady post-holiday restocking. HRC export prices followed a similar trajectory, with mill offers holding above $500/t. (Sources: SMM, Mysteel, BigMint)
• **Turkish Rebar Margin Squeeze Reaches Critical Level – Scrap-to-Rebar Spread Below $180/t** – The spread between imported scrap and rebar FOB compressed to $175–180/t, well below the $200/t breakeven level. Turkish mills are absorbing unsustainable losses on every exported tonne, and production cuts are increasingly likely if the margin squeeze does not ease. (Sources: BigMint, SteelHome)
• Saudi AD Duty on Chinese Stainless Welded Pipe Takes Effect June 30 – 27 Days Away – Non-Chinese stainless pipe producers have a narrow window to capture Saudi desalination and petrochemical projects. Indian, Taiwanese, and Korean mills should be quoting now. (Sources: ZATCA, Arab Steel)

💰 Price Snapshot (Selected Benchmarks)

Full report includes: Complete FOB China table across eight product categories, Saudi three-tier rebar market analysis post-Hadeed cut, UAE benchmark-to-re-roller spread analysis, Turkey scrap-to-rebar margin compression tracking, Egypt safeguard duty-adjusted landed costs, India competitive positioning, and detailed week-on-week changes versus the prior period.

🚢 Port & Logistics Status Summary

💡 Actionable Advice Preview

For Procurement Managers (Buyers)

• ✅ Execute July-rolling Saudi domestic rebar orders at SAR 2,700/t – the seasonal window is open. Hadeed’s cut is now confirmed, and tier-2 mills are matching. Contractors who had been withholding enquiries are now actively booking. The Hajj seasonal lull creates a tactical buying opportunity before demand rebounds post-Eid. Lock 4–6 weeks of project requirements at current levels.
• ✅ Lock Q3 billet volumes at $478–482/t FOB China – the Iran extension and iron ore firmness support current levels. Iran’s export ban is now indefinite, confirming the structural billet supply gap. The easing war risk premium is improving CFR landed costs. This consolidation window offers a stable entry point before post-Hajj demand recovery.

For Export Sales Managers (Sellers)

• ✅ Aggressively target the Saudi stainless steel pipe market – AD duties on Chinese material take effect in 27 days. Non-Chinese producers should be quoting desalination and petrochemical projects now with grades 304/304L, 316/316L, and duplex 2205. For Chinese exporters, redirect affected volumes to Iraq, Egypt, and other GCC markets immediately.
• ✅ Fill Iran’s permanent supply vacuum – emphasize reliability and multi-origin sourcing. The indefinite extension means approximately 10 million tonnes of annual supply is structurally absent. Position your firm as a reliable, multi-product supplier to Iraq, Gulf re-rollers, and flat steel buyers with transparent war risk-adjusted pricing.

📈 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 8 product categories and 6 regional markets, all with source citations.
• Market Structure Deep Dive (By Product Category): Detailed analysis of billet, rebar, HRC, CRC, HDG, carbon steel pipe, stainless steel, and CRGO – 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 May 20–27 across seven dimensions – prices, policy, currencies, logistics, sentiment, new data, and overall assessment – with a forward price forecast and three supporting arguments.
• Trade Remedies Analysis: Full anti-dumping summary table, structural dumping analysis, and specific guidance on the June 30 Saudi AD deadline, Iran’s indefinite export ban implications, and GCC safeguard investigation status.
• Dual-Perspective Action Items: Separate, prioritized advice for procurement teams and export sales teams with specific price triggers, routing recommendations, compliance deadline tracking, and market entry strategies.
• Critical Deadlines Countdown: Tracking SASO 2938 old-cert cutoff (89 days), Saudi AD effective date (27 days), Egypt safeguard Year 1→2 transition, and CBAM Q2 announcement.

Disclaimer: This free sample contains excerpts from the June 3, 2026, Middle East Steel Weekly Report compiled by Amy SteelInsights. Data is sourced from Mysteel, SMM, BigMint, Kallanish, MEsteel, Baltic Exchange, Kpler, project44, IRNA, ZATCA, SASO, 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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