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    Middle East Steel News

    Scrap import prices decline amid weak finished steel sales

    Long
    Turkey's scrap import prices remain under pressure due to weak steel sales. This week, scrap import prices were assessed at USD 325-335 per ton...

    Kardemir lowers rebar prices in latest sales round

    Long
    Turkish steelmaker Kardemir successfully sold a substantial quantity of rebar and closed sales on the same day after reducing its prices in the latest...

    Iron ore imports up 14 pct in Jan-Nov 2024 YoY

    Import / Export
    Turkey imported 9.08 mln tons of iron ore in the first 11 months of 2024, a 14pct increase compared to the same period in...

    Vale to build cold-briquette iron ore production facility in Ras Al-Khair Industrial City

    Iron ore
    Vale S.A. has signed a land reservation agreement with the Royal Commission of Jubail and Yanbu, Saudi Arabia, to establish a mega hub at...

    LSM sector contracts 1.25pct in Jul-Nov 2024 YoY

    Flat
    Pakistan's Large-Scale Manufacturing (LSM) sector contracted by 1.25pct YoY in the first five months of FY25 (July-November), according to data from the Pakistan Bureau...

    Global Steel News

    Iron ore futures surge on improved economic data

    China
    Iron ore futures prices rose on Friday, driven by a batch of improved economic indicators that boosted market sentiment. China's December economic data significantly outperformed...

    HBIS launches advanced slab caster at Xuanhua plant

    China
    HBIS Xuanhua Iron and Steel Group, in collaboration with Primetals Technologies, has successfully started up a slab caster with an annual capacity of 1.5...

    Steel imports surge in 9M FY25 as exports fall to lowest in years

    Global Steel News
    India remained a net importer of steel during the first nine months of FY25 (April-December), with imports nearly doubling exports. According to an internal...

    Canon integrates recycled steel into printing devices for sustainability

    Global Steel News
    Canon Inc. has started incorporating recycled steel into its printing products, including office multifunction devices (MFDs), inkjet printers, and commercial presses, with plans to...

    Iron ore futures surge as steel output recovers

    China
    Iron ore futures surged on Thursday as market fundamentals strengthened, driven by reports of recovering steel production and reduced shipments from a major miner. China's...
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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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