Sunday, February 23, 2025
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    Middle East Steel News

    Scrap import prices steady amid restocking demand

    Import / Export
    Turkey's scrap import prices remained stable this week at USD 350-360 per ton CFR, despite weak steel demand, as restocking by Turkish steel producers...

    Scrap imports decline nearly 5 pct in Jan 2025 YoY

    Import / Export
    In January 2025, Pakistan's scrap imports saw a slight decline, falling by 4.99pct compared to the same month last year, according to data from...

    Finished steel imports grew sharply in Jan 2025

    Import / Export
    Pakistan's finished steel imports recorded a significant increase in January 2025, according to data from the Pakistan Bureau of Statistics (PBS). The country imported a...

    Kirby expands with new PEB and structural steel facility in Sudair Industrial City

    ME Steel News
    Alghanim Industries, one of the largest privately owned companies in the MENA region, has begun construction on a new Kirby Building Systems manufacturing facility...

    El Marakby upgrades minimill to expand steel capacity

    Egypt
    El Marakby Steel, a leading Egyptian manufacturer of deformed bars and wire rod, is enhancing its production capacity and competitiveness by upgrading its SMS...

    Global Steel News

    Iron ore futures rise on firm steel demand and stimulus hopes

    China
    Iron ore futures rose on Friday, driven by recovering steel demand and expectations of further stimulus, boosting market sentiment. Steel demand in China rebounded sharply...

    Ministry sets provisional AD tariffs on HRC imports from China

    Duties / Regulations
    Vietnam's Ministry of Industry and Trade has announced provisional anti-dumping duties of 19.83pct to 27.83pct on HRC imports from China following complaints from domestic...

    Commission recommends provisional AD tariffs on imports of Chinese heavy plates

    Duties / Regulations
    South Korea plans to impose provisional anti-dumping duties of up to 38pct on Chinese hot-rolled heavy plates starting next month. Following a Trade Commission meeting,...

    Govt extends anti-dumping duties on Chinese corrosion-resistant steel imports

    Duties / Regulations
    The UK government has accepted the Trade Remedies Authority's (TRA) recommendation to extend anti-dumping duties on corrosion-resistant steel imports from China for another five...

    Govt steps in to support Whyalla steelworks amid financial troubles

    Australia
    The Australian government has allocated AUD 1 billion (USD 636 mln) to support the development of green iron manufacturing and its supply chains, according...
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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.