Report Period:Â June 24 â July 1, 2026
Coverage:Â 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 17â24, and specific quantified action items for procurement and sales teams.
đ Core Insights Preview (Excerpt from Full Report)
- Strait of Hormuz Security Deteriorates â JMIC Raises Threat Level to âSubstantialâ â The maritime threat level was raised on June 28 following new attacks on commercial vessels. Vessel traffic collapsed from a postâMoU peak of 58 transits on June 24 to just 22 on June 28, undoing the fragile recovery. (Sources: JMIC, HapagâLloyd)
- Saudi Tierâ2 Rebar Prices Collapse â Demand Weakness Exposed â Tierâ2 mill rebar plunged to SAR 2,600â2,700/t ($676â702/t), a drop of $50â150/t weekâonâweek. The gap to Hadeedâs official SAR 2,930/t has widened to an unprecedented SAR 300/t, signaling genuine demand destruction. (Sources: BigMint, Kallanish)
- **UAE EMSTEEL Defies Trend â July Rebar Hiked by $27/t** â EMSTEEL raised July rebar to AED 2,921/t ($789/t), a second consecutive monthly increase. The UAE market remains importâstarved with Jebel Ali accepting adâhoc vessels only, creating a scarcity premium completely disconnected from Saudi weakness. (Sources: BigMint, SteelHome)
- China Rebar FOB Slides to $481â483/t â Billet at $463â465/t â 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 â Mobarakeh EAF Restarts â Mobarakeh Steelâs No. 8 electric arc furnace resumed operations, and Khuzestan Steel concluded a 30,000âtonne 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)
đ° Price Snapshot (Selected Benchmarks)
| Product | Origin/Market | Price (This Week) | Weekly Trend |
|---|---|---|---|
| Billet (3SP, 150mm) | China FOB | $463â465/t | âź Weakening |
| HRC (SAE1006, 2mm) | China FOB | $490â500/t | âź Softening |
| Rebar (B500B) | China FOB | $481â483/t | âź Declining |
| Rebar (B500B) | Turkey FOB | $578â580/t | âź Declining |
| Scrap (HMS 80:20) | CFR Turkey | $380â388/t | â¸ď¸ Stabilizing |
| Rebar (Official, Jun) | Saudi Hadeed | SAR 2,930/t ($781/t) | â¸ď¸ Held |
| Rebar (Tierâ2 Delivered) | Saudi Arabia | SAR 2,600â2,700/t | âź Sharp Decline |
| Rebar (Official, Jul) | UAE EMSTEEL | AED 2,921/t ($789/t) | ⲠSecond Hike |
| Billet (FOB) | Iran | $415â420/t | â¸ď¸ Exports Expanding |
| BDI | Global Dry Bulk | 2,524 pts | âź Freight Easing |
| Strait Transits (Peak) | Hormuz Traffic | 22 (Jun 28) | âź Collapse |
Full report includes: Complete FOB China and Turkey price tables, Saudi threeâtier 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 weekâonâweek changes versus June 17â24.
đ˘ Port & Logistics Status Summary
| Port | Status | Steel Import Viability | Key Note |
|---|---|---|---|
| Jebel Ali (UAE) | đ´ AdâHoc Vessels Only | Largely Closed | JMIC threat âsubstantialâ; carriers cancelling sailings |
| Dammam (Saudi) | đ´ Disrupted | Inaccessible | Eastern Province cut off; reliant on Jeddah trucking |
| Jeddah (Saudi) | đĄ Congested | Sole Gateway | 90% yard density; 24â36hr berthing delays; productivity â20â25% |
đĄ Actionable Advice Preview
For Procurement Managers (Buyers)
- â Book Saudi tierâ2 rebar at SAR 2,600â2,700/t for immediate postâEid requirements. The discount to Hadeed is unprecedented, and mills are eager to sell ahead of the Eid alâAdha holiday. Cover Western province needs now before any postâholiday supply tightening.
- đ Monitor Iranian billet for nonâGCC destinations. At $415â420/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)
- â Offer Turkish rebar CFR Jeddah, emphasizing reliable Red Sea delivery and the Saudi domestic supply gap. Turkish FOB at $578â580/t is competitive against Saudi tierâ2 mills. With Hadeed partially shut, the import window remains open.
- âł Pause all UAEâbound offers until Jebel Ali access stabilizes. The port is accepting adâhoc vessels only. Redirect UAE volumes to Saudi Arabia or East Africa until the security situation improves.
đ What You Get in the Full Report
The complete 25+ page weekly report equips you for sixâfigure procurement and sales decisions with:
- Comprehensive Price Tables:Â 50+ price points across steel and ferro alloys/carbon additives for China, Saudi Arabia, UAE, Turkey, Iran, Iraq, and Egypt â all with source citations.
- Market Structure Deep Dive:Â Analysis by product category covering market size, local industry competitiveness, import dependency, antiâdumping context, and downstream endâuse.
- WeekâonâWeek Deep Dive:Â Sevenâdimension comparison against June 17â24 data â prices, policy, currencies, logistics, sentiment, new data, and overall assessment â with forward price forecast.
- SaudiâUAE Price Divergence Analysis:Â Quantified assessment of the unprecedented $110/t gap between Saudi tierâ2 and UAE benchmark rebar, and what it means for import strategies.
- Iran Export Tracker:Â Tender outcomes, capacity restarts, and the competitive implications for Chinese and Turkish billet exporters.
- Trade Remedies & Compliance Tracker:Â SASO 2938 countdown (61 days), EU CBAM Q2 deadline (5 days), Morocco HRC safeguard, and more.
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