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    Middle East Steel News

    Scrap import prices fall on cautious buying and rising supply

    Long
    The downward trend in Turkish scrap import prices continued this week, driven by increased availability of scrap cargoes and a cautious buying approach from...

    Kardemir cuts rebar prices

    Long
    Turkish steelmaker Kardemir has reduced its rebar prices, according to the company's latest price list. The new price for 12-32 mm rebar is set at...

    Scrap imports rise in March 2025

    Import / Export
    Pakistan's scrap imports reached 280,635 tons in March 2025, marking a YoY increase of 10.82pct, according to data from the Pakistan Bureau of Statistics...

    Finished steel imports surge in Q1 2025

    Import / Export
    Pakistan imported 328,497 tons of finished steel in March 2025, a 27.25pct increase YoY from 258,141 tons in March 2024, according to the Pakistan...

    Arkan Palm signs contract to build EBank HQ in Sheikh Zayed

    Egypt
    Arkan Palm for Real Estate Development, a subsidiary of Badr El-Din Group, has signed a contract with the Export Development Bank of Egypt (EBank)...

    Global Steel News

    Iron ore retreats as markets weigh holiday restocking against structural risks

    China
    Iron ore futures declined on Friday, pressured by persistent concerns over long-term demand, even as near-term buying interest remained solid. The iron ore and steel...

    Steel trade gap widens in FY25 with rising imports, sluggish exports

    Global Steel News
    India's steel imports rose sharply in FY25, ended March 31, 2025, while exports saw a significant decline, according to data from the Ministry of...

    AM/NS Calvert to upgrade hot strip mill automation system

    Expansions / Changes
    AM/NS Calvert has commissioned SMS group to upgrade the automation system at its high-capacity hot strip mill in Calvert, Alabama, aiming to enhance operational...

    Gerdau orders new stockyard machines for Acominas steel plant

    Brazil
    Beumer Group South America has secured two contracts from Gerdau S.A. to supply new stockyard equipment to the Gerdau Acominas steel plant in Ouro...

    ArcelorMittal to supply low-carbon steel for Vestas offshore wind project

    Flat
    ArcelorMittal has been selected by Vestas to supply low carbon-emissions heavy plates for the Nordlicht 1 offshore wind farm, part of its ongoing partnership...
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    STEEL PRICES (USD/MT)
    Product Last Updated Price Latest Price Origin Date Updated Graph
    HMS 80:20 Scrap Only for registered user Only for registered user Various

    2/21/2025

    		 Only for registered user
    Hot Rolled Coils (3mm) - Tier 1 Mills Only for registered user Only for registered user China 2/21/2025 Only for registered user
    Hot Rolled Coils (3mm) - Tier 3 Mills Only for registered user Only for registered user China 2/21/2025 Only for registered user
    Hot Rolled Coils (1.2mm) Only for registered user Only for registered user China 2/21/2025 Only for registered user
    Cold Rolled Coils (1mm) Only for registered user Only for registered user China 2/21/2025 Only for registered user
    Rebar Only for registered user Only for registered user Turkey 2/21/2025 Only for registered user
    Wire Rod Only for registered user Only for registered user Turkey 2/21/2025 Only for registered user
    Benchmark Prices  
    Billet Only for registered user Only for registered user UAE 2/14/2025 Only for registered user
    Rebar - 10-32 mm Only for registered user Only for registered user UAE 1/23/2025 Only for registered user
    Beams - S275JR Only for registered user Only for registered user UAE 10/25/2024 Only for registered user
    Rebar - 12-32 mm Only for registered user Only for registered user Saudi Arabia 1/29/2025 Only for registered user
    Wire Rod - 6.5-16 mm Only for registered user Only for registered user Saudi Arabia 1/29/2025 Only for registered user
    (USD/mt)
    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.