Wednesday, April 23, 2025
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    Middle East Steel News

    Emirates Steel maintains rebar prices for May production

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

    AGPC achieves new production milestone at Abu Dhabi plant

    ME Steel News
    Al Gharbia Pipe Company (AGPC), an Abu Dhabi-based manufacturer of longitudinally submerged arc welded (LSAW) steel pipes, has reached a significant production milestone of...

    Pig iron imports decline in Jan-Feb 2025

    Import / Export
    Turkey imported approximately 212,000 tons of pig iron in the first two months of 2025, marking a 26pct YoY decline, according to data from...

    Ozyasar Tel secures new export orders

    Import / Export
    Turkey-based wire producer Ozyasar Tel ve Galvanizleme San. A.S. has announced the receipt of new export orders totaling more than EUR 2.8 mln (USD...

    Canada sets preliminary AD tariffs on Borcelik’s coated steel products

    Duties / Regulations
    Turkey's Borcelik, a leading flat steel producer, is facing provisional anti-dumping duties of 22.9pct on its corrosion-resistant steel exports to Canada, following a preliminary...

    Global Steel News

    Iron ore futures edge up amid cautious market sentiment

    China
    Iron ore futures posted modest gains on Tuesday, supported by near-term demand, even as market sentiment remained cautious due to a rise in protectionist...

    Hyundai Steel secures U.S. nuclear quality certification

    Flat
    Hyundai Steel has become the first Korean steelmaker to receive U.S. quality certification for steel products used in nuclear reactors, marking a significant step...

    Clariant and Midrex extend partnership on DRI technology

    Global Steel News
    Clariant, a specialty chemicals company focused on sustainability, has renewed and expanded its partnership with Midrex to further collaborate on direct reduced iron (DRI)...

    Vallourec secures major pipe supply deal for Petrobras offshore project

    Brazil
    Vallourec, a global leader in premium seamless tubular solutions, has secured a major contract with Allseas to supply line pipes for the Buzios 10...

    Iron ore futures gain support from resilient short-term demand

    China
    Iron ore futures rose on Monday, supported by resilient short-term demand and optimism over potential stimulus measures, even as long-term demand concerns persisted. Chinese steel...
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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.