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    Middle East Steel News

    APL Apollo Tubes launches new DFT line at UAQ plant

    Expansions / Changes
    UAE's APL Apollo Tubes, a wholly owned subsidiary of India's APL Apollo Tubes, has launched a new Direct Forming Technology (DFT) line at its...

    SNOC launches construction of major solar power facility in Sharjah

    ME Steel News
    Sharjah National Oil Corporation (SNOC), oil and gas industry executive arm of the emirate of Sharjah in the UAE, announced that it broke ground...

    Omran invites bids for hotel project in Muscat

    ME Steel News
    Oman Tourism Development Company (Omran) has invited expressions of interest (EoIs) from leading engineering and construction firms for the development of a luxury 5-star...

    Scrap import prices increase despite weak finished steel demand

    Import / Export
    Turkey's scrap import prices increased further this week as steel mills booked new cargoes at higher rates. Scrap import prices in Turkey are now...

    Govt raises duties on certain steel imports

    Duties / Regulations
    The Pakistani government has increased duties on a range of imported products, including several steel items, to reduce financial losses as the country seeks...

    Global Steel News

    Iron ore futures fall amid weak steel demand and rising inventories

    China
    Iron ore futures dropped on Monday as weak fundamentals, driven by sluggish steel demand, weighed on market sentiments. Concerns over long-term demand outlook were exacerbated...

    Tata Steel India delivers strong Q1 performance with record sales and production growth

    Global Steel News
    Tata Steel reported a 5pct YoY increase in crude steel production to 5.25 mln tons in Q1 FY25 in its Indian operations. However, production...

    ArcelorMittal and Mitsubishi trial CO2 conversion technology at Gent plant

    Belgium
    ArcelorMittal and Mitsubishi Heavy Industries, Ltd. (MHI) are partnering with climate tech company D-CRBN to trial a new technology that converts carbon dioxide (CO2)...

    Irepas reports intensifying market competition amid Chinese export dominance

    Global Steel News
    The global long steel products market is increasingly unstable, with China moving steel billets at the lowest prices. Chinese finished products dominate most markets...

    Iron ore futures dip as steel output declines

    China
    Iron ore futures dropped on Friday due to weak steel output figures and slow steel demand, negatively impacting market sentiment. Based on recent figures released...
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    Featured News

    STEEL PRICES (USD/MT)

    Product Previous Price Latest Price Origin Date Updated Graph
    HMS 80:20 Scrap 379-382 CFR Turkey 379-382 CFR Turkey Various 6/21/2024 Click Here
    Hot Rolled Coils (3mm) - Tier 1 Mills 590-600 CFR Jebel Ali 585-595 CFR Jebel Ali China 6/21/2024 Click Here
    Hot Rolled Coils (3mm) - Tier 3 Mills 570-580 CFR Jebel Ali 565-575 CFR Jebel Ali China 6/21/2024 Click Here
    Hot Rolled Coils (1.2mm) 625-635 CFR Jebel Ali 620-630 CFR Jebel Ali China 6/21/2024 Click Here
    Cold Rolled Coils (1mm) 670-680 CFR Jebel Ali 665-675 CFR Jebel Ali China 6/21/2024 Click Here
    Rebar 580-590 FOB 580-590 FOB Turkey 6/21/2024 Click Here
    Wire Rod 595-605 FOB 595-605 FOB Turkey 6/21/2024 Click Here
    Benchmark Prices  
    Billet 520-530 EXW 530-540 EXW UAE 5/21/2024 Click Here
    Rebar - 10-32 mm 747-749 CPT 645 CPT UAE 5/24/2024 Click Here
    Beams - S275JR 750-760 EXW 750-760 EXW UAE 5/24/2024 Click Here
    Rebar - 12-32 mm 626 CPT 633 CPT Saudi Arabia 5/24/2024 Click Here
    Wire Rod - 6.5-16 mm 653 CPT 653 CPT Saudi Arabia 5/24/2024 Click Here
    FUTURES - 6 JUNE 2024
    Material
    Closing Price
    (in yuan)
    Difference from Night Session (pct)
    Difference from Previous Morning Session (pct)
    Wire Rod
    3,788
    -1.51
    -1.69
    HRC
    3,753
    -0.77
    -0.61
    Rebar
    3,563
    -1.19
    -0.95
    Stainless Steel
    13,855
    -0.75
    -0.87
    Iron Ore
    811.5
    -1.70
    -1.60
    Coke
    2,215
    -1.99
    -1.56
    Coking Coal
    1,560
    -1.89
    -1.76
    New (Renewed) Steel Companies on MEsteel
    Company Country Steel tons handled per year (kt) Brief Description
    PRINT PACK LABELS LLC U.A.E. <.1 Manufacturer of Specialised Tags for Rebar, Cement, Cut & Bend Plant. High Temp labels for Billets and HRC.

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