11,456.34 TRY BIST 100 BIST 100
6.09 CNY CNY CNY
50.12 EUR EUR EUR
42.71 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
38.42 TRY Interest Interest
60.11 USD Fossil Oil Fossil Oil
86.10 USD Silver Silver
5.33 USD Copper Copper
101.64 USD Iron Ore Iron Ore
349.00 USD Shipbreaking Scrap Shipbreaking Scrap
5,879.33 TRY Gold (gr) Gold (gr)

DRI and HBI supply shifts away from Gulf

In June, the market for DRI and HBI products in the MENA region experienced a noticeable shift, as regional instability in the Gulf led to a redirection of trade flows toward North Africa.

DRI and HBI supply shifts away from Gulf

In Libya, the Libyan Iron and Steel Company was active in export negotiations and managed to close deals for around 72,000 tonnes of HBI. The company focused on its usual markets, including Europe and parts of MENA. However, no DRI sales have been made by the producer so far this year.

In Algeria, Algerian Qatari Steel was also out of the DRI export market in June. The company isn’t expected to offer any material until the end of July due to supply limitations.

Iran, another key supplier in the region, was quieter than usual. Political and military developments caused delays and made buyers more cautious. While some mills still tried to stay active, most deals were delayed. One Iranian producer, Sirjan Jahan Steel Company, opened a tender for 25,000 tonnes of DRI, with a deadline set for June 30.

With limited supply from the main MENA producers, some buyers turned to other regions. Offers from Venezuela were heard at $300–305 per tonne FOB, and some interest was reported, especially from buyers looking to avoid risks in the Middle East.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Rocky Mountain Steel Mills launched advanced rail manufacturing facility in Pueblo

Tuesday, December 16, 2025

Primetals Technologies to modernize Toyo Kohan pickling line

Tuesday, December 16, 2025

India proposes preferential trade agreement against Mexico’s tariff plan

Tuesday, December 16, 2025

Mexico is increasing customs duties on strategic products imported from countries without a Free Trade Agreement (FTA)

Tuesday, December 16, 2025

Türkiye announced the dumping margins in the cold rolled stainless flat steel investigation

Tuesday, December 16, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now