Friday, October 18, 2024
spot_img
More

    Middle East Steel News

    Erdemir to conduct hydrogen injection trial in blast furnace for green steel transition

    Expansions / Changes
    Erdemir is set to achieve a milestone in the Turkish steel industry with its upcoming hydrogen injection trial at its first blast furnace, a...

    Tsingshan Holding to build steel plant in Basra

    Iraq
    Iraq has formally approved a Chinese private company to build its first industry city focusing on the production of steel and other metals, an...

    Select Group awards construction contract for residential project in Dubai

    ME Steel News
    Select Group, a leading real estate developer, has announced that it had awarded Arabian Construction Company (ACC) the construction contract for its ultra-luxury development,...

    Ministry initiates anti-dumping probe into CR steel imports from Egypt

    Duties / Regulations
    Morocco's Ministry of Industry and Commerce has officially launched an anti-dumping investigation into imports of CR steel originating from Egypt, as announced in a...

    YC Inox launches production of stainless steel sanitary tubes

    Expansions / Changes
    YC Inox TR Celik has begun manufacturing EN 10357 stainless steel sanitary tubes, which are used in the food, pharmaceutical, and chemical industries. YC Inox's...

    Global Steel News

    Iron ore and steel futures plunge as market disappoints by limited stimulus measures

    China
    Steelmaking raw materials and steel futures tumbled on Thursday after the latest stimulus measures targeting China's struggling property sector failed to meet market expectations. Beijing...

    Nucor Steel to modernize Steckel mill at Tuscaloosa site

    Expansions / Changes
    Nucor Steel in Alabama has contracted SMS group to modernize and expand its Steckel mill at the Tuscaloosa site. The project's centerpiece involves transforming...

    Aperam expands U.S. footprint with Universal Stainless acquisition

    Global Steel News
    Universal Stainless & Alloy Products, Inc. announced a definitive agreement to be acquired by Aperam in an all-cash transaction. Aperam will acquire all outstanding...

    Stegra to implement advanced water management solution for green steel plant in Boden

    Expansions / Changes
    Aquatech has announced a groundbreaking project to deliver a comprehensive water management solution for Stegra's (formerly H2 Green Steel) flagship green steel plant in...

    Iron ore futures slide on excess supply concerns

    China
    Iron ore futures declined on Wednesday as the market grew cautious due to rising iron ore supplies from major miners and uncertainty in demand. Both...
    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.

    © 2024 Copyright mesteel.com. All Rights Reserved.