M.E. Steel News Today
Monday, December 10, 2018

22nd Middle East Iron & Steel Conference
10-12 December, 2018
Dubai, UAE

Linking Steel Sellers &
Buyers in Middle East


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New Info on MEsteel

Gulf Countries Finished Steel Demand Forecast (2017-2020)
Middle East Steel News

Turkey: Steel exports grew by 16 pct in Jan-Oct 2018 YoY; imports down by 5.2 pct YoY
UAE: Senaat may issue more sukuk after listing USD 300 mln bond to refinance Emirates Steel debt
UAE: Chinese firms to expand industrial complex in Khalifa Port Free Trade Zone
Pakistan: IIL wins large pipe supply order

Global Steel News

China: Rebar futures extend losses amid supply glut concerns; iron ore up 0.9 pct
China: Crude steel output to hit record level in 2018 - report
China: Baoshan Steel to reduce hot rolled and cold rolled products prices
India: Steel firms likely to decrease flat products prices by USD 21 per ton
India: New steel policy saves USD 700 mln - Minister
Japan: JFE Steel to commission premium threading machine at its Chita works
Italy: Thyssenkrupp's AST Terni orders EAF electrode cooling systems
Chile: CAP Acero to overhaul BOF converter in its Talcahuano works


New (Renewed) Steel Companies on MEsteel
Company Country Steel tons handled per year (kt) Brief Description
AL-ITTEFAQ STEEL PRODUCTS COMPANY Saudi Arabia >1000 Manufacturer of steel reinforced bars, billets, DRI and downstream premium steel products.

Metal Prices 7-Dec-18

Product Cash 3 Mons.
Nickel 10.810 10.910
Tin 18.925 18.850
Zinc 2.708 2.621
Source: LME.co.uk

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