📡 2026.7.1 Middle East Steel & Ferro Alloys Weekly Report – FREE SAMPLE

Report Period: June 24 – July 1, 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 17–24, and specific quantified action items for procurement and sales teams.

📌 Core Insights Preview (Excerpt from Full Report)

  • Strait of Hormuz Security Deteriorates – JMIC Raises Threat Level to “Substantial” – The maritime threat level was raised on June 28 following new attacks on commercial vessels. Vessel traffic collapsed from a post‑MoU peak of 58 transits on June 24 to just 22 on June 28, undoing the fragile recovery. (Sources: JMIC, Hapag‑Lloyd)
  • Saudi Tier‑2 Rebar Prices Collapse – Demand Weakness Exposed – Tier‑2 mill rebar plunged to SAR 2,600–2,700/t ($676–702/t), a drop of $50–150/t week‑on‑week. The gap to Hadeed’s official SAR 2,930/t has widened to an unprecedented SAR 300/t, signaling genuine demand destruction. (Sources: BigMint, Kallanish)
  • **UAE EMSTEEL Defies Trend – July Rebar Hiked by $27/t** – EMSTEEL raised July rebar to AED 2,921/t ($789/t), a second consecutive monthly increase. The UAE market remains import‑starved with Jebel Ali accepting ad‑hoc vessels only, creating a scarcity premium completely disconnected from Saudi weakness. (Sources: BigMint, SteelHome)
  • China Rebar FOB Slides to $481–483/t – Billet at $463–465/t – Export prices continued to soften as summer demand waned and competition from Iran and Indonesia intensified. Middle East inquiries rose slightly but failed to translate into significant orders. (Sources: SMM, Mysteel)
  • Iran Billet Exports Gather Momentum – Mobarakeh EAF Restarts – Mobarakeh Steel’s No. 8 electric arc furnace resumed operations, and Khuzestan Steel concluded a 30,000‑tonne tender at $420/t FOB. The US maritime blockade on Iranian ports has been lifted, clearing the path for export expansion. (Sources: SteelHome, US Central Command)

💰 Price Snapshot (Selected Benchmarks)

ProductOrigin/MarketPrice (This Week)Weekly Trend
Billet (3SP, 150mm)China FOB$463–465/t▼ Weakening
HRC (SAE1006, 2mm)China FOB$490–500/t▼ Softening
Rebar (B500B)China FOB$481–483/t▼ Declining
Rebar (B500B)Turkey FOB$578–580/t▼ Declining
Scrap (HMS 80:20)CFR Turkey$380–388/t⏸️ Stabilizing
Rebar (Official, Jun)Saudi HadeedSAR 2,930/t ($781/t)⏸️ Held
Rebar (Tier‑2 Delivered)Saudi ArabiaSAR 2,600–2,700/t▼ Sharp Decline
Rebar (Official, Jul)UAE EMSTEELAED 2,921/t ($789/t)▲ Second Hike
Billet (FOB)Iran$415–420/t⏸️ Exports Expanding
BDIGlobal Dry Bulk2,524 pts▼ Freight Easing
Strait Transits (Peak)Hormuz Traffic22 (Jun 28)▼ Collapse

Full report includes: Complete FOB China and Turkey price tables, Saudi three‑tier rebar analysis, UAE import scarcity dynamics, Iran export tender tracker, ferro alloy and carbon additive pricing, import viability assessments with updated war risk premiums, and detailed week‑on‑week changes versus June 17–24.

🚢 Port & Logistics Status Summary

PortStatusSteel Import ViabilityKey Note
Jebel Ali (UAE)🔴 Ad‑Hoc Vessels OnlyLargely ClosedJMIC threat “substantial”; carriers cancelling sailings
Dammam (Saudi)🔴 DisruptedInaccessibleEastern Province cut off; reliant on Jeddah trucking
Jeddah (Saudi)🟡 CongestedSole Gateway90% yard density; 24‑36hr berthing delays; productivity –20‑25%

💡 Actionable Advice Preview

For Procurement Managers (Buyers)

  • ✅ Book Saudi tier‑2 rebar at SAR 2,600–2,700/t for immediate post‑Eid requirements. The discount to Hadeed is unprecedented, and mills are eager to sell ahead of the Eid al‑Adha holiday. Cover Western province needs now before any post‑holiday supply tightening.
  • 👀 Monitor Iranian billet for non‑GCC destinations. At $415–420/t FOB, it is the cheapest billet globally. The US blockade on Iranian ports has been lifted, but Strait security risks remain for GCC delivery. Suitable for buyers able to route to Southeast Asia or East Africa.

For Export Sales Managers (Sellers)

  • ✅ Offer Turkish rebar CFR Jeddah, emphasizing reliable Red Sea delivery and the Saudi domestic supply gap. Turkish FOB at $578–580/t is competitive against Saudi tier‑2 mills. With Hadeed partially shut, the import window remains open.
  • ⏳ Pause all UAE‑bound offers until Jebel Ali access stabilizes. The port is accepting ad‑hoc vessels only. Redirect UAE volumes to Saudi Arabia or East Africa until the security situation improves.

📈 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 17–24 data – prices, policy, currencies, logistics, sentiment, new data, and overall assessment – with forward price forecast.
  • Saudi‑UAE Price Divergence Analysis: Quantified assessment of the unprecedented $110/t gap between Saudi tier‑2 and UAE benchmark rebar, and what it means for import strategies.
  • Iran Export Tracker: Tender outcomes, capacity restarts, and the competitive implications for Chinese and Turkish billet exporters.
  • Trade Remedies & Compliance Tracker: SASO 2938 countdown (61 days), EU CBAM Q2 deadline (5 days), Morocco HRC safeguard, and more.

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