Tuesday, March 25, 2025
spot_img
More

    Middle East Steel News

    Emirates Steel holds rebar prices steady for April production

    Long
    Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for April production will remain unchanged for the third consecutive month. The...

    Riyadh Steel reports sharp profit decline in 2024

    Long
    Riyadh Steel, a Saudi Arabian long steel producer, reported an 82pct YoY drop in net profit for 2024, according to its stock exchange filing. The...

    Bukaka International to build oil & gas equipment manufacturing facility in Nizwa

    ME Steel News
    Oman-based Bukaka International LLC has partnered with the Public Establishment for Industrial Estates (Madayn) to establish a cutting-edge manufacturing facility in Nizwa Industrial City....

    DHRE awards contract for infrastructure works at Dubai Plantation Development

    ME Steel News
    Dubai Holding Real Estate (DHRE) has awarded UAE-based Wade Adams the contract for Phase 1 of the Plantation Development's roads and infrastructure works. Located on...

    Scrap market shaken by political unrest and currency turmoil

    Long
    Turkey's scrap import market faced uncertainty as mid-week political unrest sent the lira to a record low. Scrap import prices were assessed at USD...

    Global Steel News

    Iron ore futures rise on stronger steel output, but demand risks persist

    China
    Iron ore futures surged on Monday as Chinese steel mills ramped up production, fueling positive market sentiment. However, long-term demand concerns remain. With the anticipation...

    Posco to divest Nippon Steel shares to strengthen financial position

    Expansions / Changes
    South Korean steel producer Posco has announced plans to sell its entire stake in Nippon Steel, valued at KRW 467 bln (USD 318 mln),...

    ArcelorMittal orders cold rolling mill and coating line for Alabama plant

    Expansions / Changes
    International technology group Andritz has secured an order from ArcelorMittal Calvert to supply an annealing and coating line, along with a cold rolling mill,...

    Hoberg & Driesch acquires tube business from Salzgitter Mannesmann

    Germany
    Dusseldorf-based Hoberg & Driesch Rohrengruppe, a leading European steel tube distributor with branches in ten countries, has reached an agreement to acquire part of...

    Severstal invests in expanding flat steel production and logistics at Cherepovets plant

    Expansions / Changes
    Severstal has completed the first stage of an investment project to boost finished product shipments at the Cherepovets Metallurgical Plant (CherMK), a key flat-rolled...
    spot_img
    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.