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    Middle East Steel News

    Emirates Steel raises rebar prices for January output

    Long
    Emirates Steel, part of the EMSTEEL group, has increased rebar prices for January production by AED 50 (USD 13) per ton. The revised prices are...

    Al Gurg Building Services becomes ECAS-certified downstream steel processor

    Duties / Regulations
    UAE-based downstream steel processing firm Al Gurg Building Services has become the first in the country to receive formal approval under the Emirates Conformity...

    VIS maintains stable outlook on Aisha Steel amid sectoral and economic headwinds

    Flat
    VIS Credit Rating Company Limited has reaffirmed the entity ratings of Aisha Steel Mills Limited (ASML) at 'BBB+/A2' (Triple B Plus/A Two). The long-term...

    Sepco awarded EPC contract for solar power project in Rabigh

    ME Steel News
    Chinese group Shandong Electric Power Construction (Sepco) has announced that it has secured a contract for the construction of a 300MW photovoltaic power station...

    CGCC secures pipeline project in Neutral Zone

    Kuwait
    Combined Group Contracting Company (CGCC) has been awarded a contract for pipeline servicing in the oil-rich Neutral Zone that is shared by Saudi Arabia...

    Global Steel News

    Iron ore futures extend gains on restocking demand

    China
    Iron ore futures rose on Tuesday, supported by pre-holiday restocking by Chinese steel mills ahead of the Chinese New Year holiday, which begins on...

    Vraj Iron and Steel commences sponge iron plant operations in Chhattisgarh

    Expansions / Changes
    India's Vraj Iron and Steel has successfully begun commercial operations of its sponge iron plant on December 23, 2024. The plant is part of...

    Biden to decide on Nippon Steel’s U.S. Steel acquisition

    Duties / Regulations
    Nippon Steel's USD 15 bln bid to acquire U.S. Steel has been referred to President Joe Biden, who has 15 days to make a...

    Steel Dynamics to install advance robotic tagging systems at Roanoke plant

    Expansions / Changes
    AIC has been awarded a contract by Steel Dynamics Inc. for robotic tagging applications at its Roanoke plant. The project involves the installation of...

    Iron ore futures rise on pre-holiday restocking expectations

    China
    Iron ore futures climbed on Monday, driven by expectations of firm near-term demand. Market insiders report that Chinese steel mills have begun pre-holiday restocking...
    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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