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    Middle East Steel News

    Jindal Shadeed upgrades casting capabilities to expand steel product range

    Expansions / Changes
    Jindal Shadeed Iron & Steel has commissioned Danieli to upgrade its casting machine capabilities at its Sohar facility in Oman. The modernization aims to...

    EMSTEEL to commission major industrial solar rooftop project

    Expansions / Changes
    EMSTEEL Group is developing the UAE's largest industrial solar PV rooftop project in partnership with Yellow Door Energy, the company announced. The 31.5 MWp...

    SCZone partners with Chinese firm to develop steel and downstream manufacturing hub

    Egypt
    The General Authority of the Suez Canal Economic Zone (SCZone) has signed an agreement with XinFeng Egypt to establish an integrated manufacturing complex in...

    Middle East’s crude steel production declines in Jan-Feb 2025

    ME Steel News
    Crude steel production in the Middle East fell by 13.5pct YoY to 7.9 mln tons in the first two months of 2025, according to...

    Kardemir lowers rebar allocation in Q2 2025 sales plan

    Long
    Turkish steel producer Kardemir has announced its sales allocation plan for Q2 2025, increasing allocations for billets, wire rod, and profiles while reducing rebar...

    Global Steel News

    Iron ore futures rise on firm domestic steel demand despite lingering concerns

    China
    Iron ore futures extended gains on Thursday, buoyed by robust steel demand in China's domestic market, although concerns over long-term demand remain. Inventory levels of...

    JFE Steel, Mitsubishi to convert steel by-product gases into chemicals

    Global Steel News
    JFE Steel Corporation, Mitsubishi Gas Chemical, and Mitsubishi Chemical have signed an MoU for a demonstration project at the Mizushima Complex in Kurashiki, Japan....

    Thyssenkrupp completes walking beam furnace modernization at Bruckhausen plant

    Expansions / Changes
    Thyssenkrupp Steel has completed the modernization of a Walking Beam Furnace (WBF) at its Bruckhausen Plant in Duisburg, Germany, with Tenova receiving the Final...

    Tata Steel awards key contracts for green steel project in Port Talbot

    Expansions / Changes
    Tata Steel has appointed three South Wales contractors to support its GBP 1.25 bln (USD 1.61 bln) green steelmaking investment at Port Talbot. The...

    GravitHy secures funding to advance low-carbon iron production

    Expansions / Changes
    GravitHy, a low-carbon iron producer, has secured EUR 60 mln (USD 65 mln) in funding, including public support from France's Premiere Usine program. The...
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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.