Report Period: June 17 – June 24, 2026
Coverage: Saudi Arabia | UAE | Oman | Qatar | Kuwait | Bahrain | Iran | Turkey | Iraq | Egypt
The Middle East steel market is in transition. The first commercial vessel has crossed the Strait of Hormuz under the new ceasefire agreement, but the backlog of hundreds of ships and the stubborn refusal of insurers to lower war-risk premiums mean that the crisis is far from over. What makes this week different—and more dangerous for the unprepared—is that the logistics recovery is now coinciding with a sudden supply-side shock within the GCC itself. Saudi Arabia’s largest steelmaker has partially halted production. Other major mills across the UAE and Bahrain face potential shutdowns. For procurement managers, this means that waiting for prices to fall could mean finding no material available. For sales managers, the sudden emergence of a supply gap in the world’s most infrastructure-hungry region is a window that will not stay open for long.
This weekly report, compiled by Amy SteelInsights with over two decades of global steel trade experience, provides the analysis that separates temporary logistics noise from structural supply changes. It covers the full product suite—billet, rebar, HRC, CRC, HDG, carbon steel pipe, stainless steel, CRGO, ferro alloys, and carbon additives—with complete price tables and a detailed week-on-week comparison of June 10–17 versus June 17–24 data. Every price move, every policy shift, and every logistics metric is compared across the two periods so you can see not just where the market sits, but the trajectory it is tracing.
Procurement managers are facing a difficult judgment call. The promise of the Strait reopening has not yet translated into normal shipping. Jebel Ali port is open again but operations are disrupted, with new penalties on containers and cancelled sailings. At the same time, domestic supply is under threat. Hadeed has partially halted production, EMSTEEL faces shutdown risk, and the regional rebar supply that has been the backbone of GCC construction is no longer guaranteed. This report helps you quantify the real supply risk, identify which origins—Turkish, Iranian, or Chinese—offer the best value for different destinations, and time your purchases ahead of the expected July price announcements that could reset the entire regional benchmark.
Sales managers must navigate an environment where the competitive landscape is shifting rapidly. Iranian billet is back in the market at prices that undercut everyone else, but sanctions and logistics barriers mean it is only accessible to certain buyers. Turkish mills, which have been squeezed for months by margin pressure, have just received significant relief from a collapse in scrap prices. They are now in a position to price aggressively into the GCC just as domestic supply there is faltering. Chinese exporters face a summer demand lull and are losing Middle Eastern orders to both Iran and Turkey. This report identifies exactly where the most urgent supply gaps exist, which products command the strongest margins, and how to structure your offers to capture the opportunity while the window is open.
The core value of this week’s report is its ability to identify the convergence of two forces that rarely coincide: a logistics recovery that is slowly reopening trade routes, and a domestic supply shock that is creating an import vacuum. For anyone buying or selling steel into the Middle East, the next four weeks will determine whether you are positioned to capture the supply gap or left watching competitors fill it. This report gives you the data, the analysis, and the specific action items to be on the right side of that trade.
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