Tuesday, October 15, 2024
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    Middle East Steel News

    ISL and Aisha Steel raise prices for CRC and galvanized steel

    Flat
    Pakistani flat steel producers, International Steels Limited (ISL) and Aisha Steel, have raised prices for CRC and galvanized coil products by PKR 10,000 (USD...

    Kardemir wins rail export tender in Algeria

    Import / Export
    Turkish steel producer Kardemir has secured a new rail export contract in Algeria, according to a stock exchange filing. The deal is valued at USD...

    Jindal Group’s Vitkovice acquisition to support Vulcan Green Steel project

    Flat
    India's Jindal Steel Group is set to acquire Vitkovice Steel, a leading steel plate producer in the Czech Republic, in a move that will...

    Arab Steel Summit highlights industry challenges and strategic growth opportunities

    ME Steel News
    During the 17th Arab Steel Summit and International Iron and Steel Exhibition in Qatar, Minister of State for Energy Affairs Saad Sherida Al Kaabi...

    Dar Global awards piling works contract for residential project in Ras Al Khaimah

    ME Steel News
    Real estate developer Dar Global has announced that Stromek Emirates Foundations, a prominent engineering and construction firm, has secured the contract for shoring, excavation,...

    Global Steel News

    Iron ore futures slip on demand concerns

    China
    Dalian iron ore futures slipped on Tuesday as concerns grew over weaker demand prospects and rising shipments from major iron ore miners. The World Steel...

    HRC imports surge 26 pct in Jan-Sep 2024 YoY

    Duties / Regulations
    Vietnam imported 1.2 mln tons of HRC in September, marking a 34pct increase from August, according to the General Department of Customs. This amount...

    Tubacex secures OCTG supply contract from Petrobras

    Brazil
    Tubacex has secured a strategic contract with Petrobras for the Sepia-2 and Atapu-2 offshore gas projects in Brazil. Valued at EUR 64.5 mln (USD...

    Acerinox signs agreement to divest Bahru Stainless in Malaysia

    Global Steel News
    Acerinox, S.A. has signed an agreement to sell its subsidiary, Bahru Stainless Sdn. Bhd., to Worldwide Stainless Sdn. Bhd., a Malaysian company, for a...

    Iron ore futures rise as Beijing signals additional stimulus measures

    China
    Iron ore futures rose on Monday, driven by renewed expectations of additional fiscal stimulus from Beijing, following weak economic data that lifted market sentiment. Data...
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    STEEL PRICES (USD/MT)
    Product Previous Price Latest Price Origin Date Updated Graph
    HMS 80:20 Scrap 380-385 CFR Turkey 385-390 CFR Turkey Various 10/11/2024 Click Here
    Hot Rolled Coils (3mm) - Tier 1 Mills 525-535 CFR Jebel Ali 580-590 CFR Jebel Ali China 10/11/2024 Click Here
    Hot Rolled Coils (3mm) - Tier 3 Mills 510-520 CFR Jebel Ali 570-580 CFR Jebel Ali China 10/11/2024 Click Here
    Hot Rolled Coils (1.2mm) 585-595 CFR Jebel Ali 640-650 CFR Jebel Ali China 10/11/2024 Click Here
    Cold Rolled Coils (1mm) 570-580 CFR Jebel Ali 650-660 CFR Jebel Ali China 10/11/2024 Click Here
    Rebar 610-620 FOB 620-630 FOB Turkey 10/11/2024 Click Here
    Wire Rod 620-630 FOB 635-645 FOB Turkey 10/11/2024 Click Here
    Benchmark Prices  
    Billet 525-535 EXW 515-525 EXW UAE 9/13/2024 Click Here
    Rebar - 10-32 mm 666-669 CPT 666-669 CPT UAE 9/23/2024 Click Here
    Beams - S275JR 710-720 EXW 700-710 EXW UAE 9/13/2024 Click Here
    Rebar - 12-32 mm 631 CPT 613 CPT Saudi Arabia 9/26/2024 Click Here
    Wire Rod - 6.5-16 mm 648 CPT 630 CPT Saudi Arabia 9/26/2024 Click Here
    FUTURES - 11 OCTOBER 2024
    Material
    Closing Price
    (in yuan)
    Difference from Night Session (pct)
    Difference from Previous Morning Session (pct)
    Wire Rod
    3,771
    0.77
    1.88
    HRC
    3,599
    0.62
    0.58
    Rebar
    3,468
    0.23
    0.75
    Stainless Steel
    13,990
    0.25
    0.18
    Iron Ore
    789
    1.15
    1.71
    Coke
    2,139
    1.28
    2.08
    Coking Coal
    1,484
    2.77
    3.20
    New (Renewed) Steel Companies on MEsteel
    Company Country Steel tons handled per year (kt) Brief Description
    RENEWABLE LIGHTING FACTORY FOR INDUSTRY Saudi Arabia 5-20 Supplier of Octagonal and Conical Steel Pole.

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