MEsteel.com Aug 2004 - Newsletter

This MEsteel News Letter is Sponsored by

 "STEELFAB " Sharjah, UAE,
  October 10 - 12

The Exhibition for Fabricators in the Middle East.
Machinery, Equipment and Consumables for the Steel Fabrication Industry.
  

In MEsteel's August 2004 News Letter:

- MEsteel : 86 New Members.
- Steel Figures for July 2004.
- Market Overview and Prices.
- New info for you on MEsteel.
- Steel Events - Discounts for MEsteel members
- MEsteel works hard for you
- Steel News In The Middle East.

86 New MEsteel Members in July 2004

86 new steel related companies joined MEsteel in July 2004,
so a total of 2.244 active MEsteel members,
for you to do business with.

Algeria
COMACO SARL
SARL DILFER

Egypt
ANSCO
ETS GHANEM + CO.
INTERNATIONAL COMPANY FOR PROJECTS & CONTRACTS TARRADCO
METALCO
MM TRADER / SYNTHES OIL SP Z O.O. / COMMODITIES DIRECT
NATIONAL STEEL FABRICATION CO.
SPACECOSTEEL
STEARIC EMULSION
TRADE POINT

India
OPTIMUM STEEL

Iran
ANSARE KOOSHA TRADING CO
CHLOR PARS CO.
GLOBALUKRAINE
MEHDYRAJCO.LTD
PARSIAN
POUYA INTERNATIONAL TRADING CO.
SAIWAN SANAT CO
TARAZ ANDISHE SEPAHAN
TECHNO TRADE CO.
WEST METAL
ZAFARAN INDUSTRIAL GROUP

Iraq
AL-SHARIQA FOR GENERAL CONTRACTS
AL-WATM FOR TRAEDE AGENCIES

Jordan
AL-ZAINEH FOR METAL FORMING CO
ARKAN IMPORT EXPORT

Kuwait
AL - MASSAR TECHNICAL CENTER CO.
ENGINEERING SYSTEMS GROUP
INTERNATIONAL TRADE & BARTER CO.

Morocco
LONGOFER

Oman
OMAN CONSTRUCTION MATERIAL CO. LLC

Pakistan
A-1 STAINLESS STEEL
BAI PVT LTD
BESTO STEEL
INTRA CORP
KHALILSONS
NATIONAL STEEL RE-ROLLING MILLS (PVT) LTD.
PETROSIN ENGINEERING PVT LTD
S.B.STEEL CO
SUNRISE ADAMJEE (PVT) LTD
UNITED MACHANICAL INDUSTRIES

Qatar
NISHAT TRADING CO
QATAR SAT

Saudi Arabia
AIRCRAFT ACCESSORIES & COMPONENTS CO
AL MANAR STEEL FAC. FOR DECORATIVE TUBES AND STEEL TUBES
ALAA INDUSTRIAL EQUIPMENT FACTORY
ENERGY RESOURCES DEVELOPMENT CO.LTD
MICRO ENGINEERING WORKS
MOHAMMED ABDULLAH AL FARAJ
SAMEER HAMMADI TRADING EST.
SAUDI ARABIAN OIL LUBRICATING CO.

Syria
NAHAS CO.
SYRIAN METAL INDUSTRY

Turkey
ADO MINING
CELIKTAS LTD.STI.
EKDEMIR A.S.
EKINCILER IRON&STEEL CO.
ERIMPEKS DIŞ TICARET LTD. ŞTI.
G+G INTERNATIONAL INVESTMENT&TRADE LTD
GOZDE METAL MOBILYA LTD.ŞTII
ILHAN SONBAY CO.
ONUR ENGINEERING
ORUMCEK ISKELE SAN. VE TIC. CO.
POLAR FOREIGN TRADE LTD
RUL-MAK LTD.
TARMAK TRADE-SORF LTD GROUP
TEKNIK-EL YAPı ELEMANLARı

U.A.E.
ABDUL RAHIM GENERAL MAINTENENCE
ACE CORPORATION
AL SHOLAN TRADING EST
AL ZAKOORI METAL TRADING L.L.C.
ALBARJEEL STEEL FACTORY
BEITAI IRON & STEEL GROUP
C&J ENGINEERING
COURT COMMERCIAL INTERMEDIARY
GORICA INDUSTRIES LLC.
GTRAILERS FOR STEEL & WELDING
HIRAGLF TRADING CO. LLC
INTEGRATED INSPECTION SERVICES AND TRADING
JEONG & MOHAMMAD TRADING CO.LLC.
METROW TRADING
PORTLAND COMMERCIAL
SAT MIDDLE EAST LIMITED
TECHNICAL PARTS COMPANY

United Kingdom
UNISTEEL LIMITED
 

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Steel Figures for July  2004

World crude steel production reached 590 million metric tonnes (mmt) for the first seven months of 2004, or 8 pct higher than for the same period of 2003.

China again showed strong growth with production of 22 mmt of crude steel in July,
a rise of 20.3pct. on July 2003, and accounted for 25.7pct. of world production in July.

The European Union was up 9.8pct. compared to July 2003. YTD production has increased by 5.2pct..

Turkish production stood at 11.8 mmt for the first seven months of 2004, a rise of 12 pct. YTD.

Monthly crude steel production in M.E. countries, in thousands of metric tons.

 

Monthly crude steel production in  M.E. countries, in thousands of metric tons.                                     

Market Overview and Prices

Carbon Steel
...................

- WORLDWIDE

With global steel production and consumption running at all-time highs,
steel prices around the world have been showing prodigious gains.
Economic recovery in Japan, Europe and America lies behind the sensational increases.
Additional factors are surging infrastructure and business developments in China, India and Middle East.

Comparing July/August prices in 2004 with those for the same period in previous years,
it is clear that current values are unparalleled in recent history for most parts of the world.

The US transaction price for hot rolled coil in the third quarter of this year is at over $US700 per.
US coil prices have shot up by more than 125 percent in the last twelve months.
Since they touched their low point of $US225 per ton in period three 2001, coil prices have advanced by a remarkable 215 percent.

in Japan, industry rationalization has been partly responsible for the surge in hot rolled coil prices.
There, the third quarter price of ¥62,000 per ton is 37 percent higher year-on-year, and 153 percent above its 2001 low point of ¥24,500 per ton.
Sections prices in Japan have mostly been below ¥40,000 per ton over the last decade.
The so-called "H-beam war" - an intermittent struggle for market share between mini-mills and integrated mills - ensured no substantial gains.
But today sections prices have surged to ¥67,000 per ton: an astonishing rise of 135 percent since mid 2002.

- MIDDLE EAST

HR coils from Ukraine and MMK Russia reached 600 - 620 US$/T CFR Dubai and further price increases are announced.
Plates from Ukraine moved up from 600 to more than 630 US$/T over the past weeks.
Beams were sold recently, for JIS sizes at 590 - 600 US$/T from Dongkuk Korea, for Euronorm sizes at 620-630 US$/T from Poland, for UB-UC form Indian Jindal Power at 625-635 US$/T, while Korean INI and Thailand sold at 640 - 660US$/T CFR Dubai for their size range.

- PROSPECTS

Short term prospects indicate modest price improvements in the flat products sector.
The gains for hot rolled coil could be slightly above those anticipated last month due to a rally in local Chinese prices in recent weeks.
Easing materials shortages, falling coke prices, reduced Chinese import demand ( from a rate of over 40m t/y early 2004, to about 10m t/y in recent months) will likely cause a slippage around the end of 2004.

The decline in long products demand from China has generated more availability in global markets.
The potential for oversupply of long products is still apparent, particularly with the prospects of a slowdown in the Chinese construction segment.
Average world prices in mid 2005 are expected to be lower than current figures.
With raw material and capacity shortages limiting the supply growth, and with steel inventories still being low, prices should however still remain at relatively high levels in 2005.


Stainless steel
.....................

World Stainless Steel Product Prices currently stand at close to their highest point of the last few years.

Grade 304 hot rolled coil prices are up by about 50pct., since this time last year,
showing the success that mills have had in passing on alloy costs to their customers.

A jump in world stainless production has added to the pressure on raw material supplies.

The current period of high nickel costs has been accompanied by increases in other inputs.
The ferrochrome price has doubled since the start of 2003, and non-alloy scrap has also surged in value.
Nickel of course has been the dominant factor in setting prices for austenitic stainless products.
The extraordinarily volatile LME settlement price plummeted from over $US17,000 in January to below $US11,000 in May, before recovering to around $US14,000 per ton at present.

With both nickel and chromium in fundamental under-supply, surcharges seem sure to remain the dominant force in the market for the rest of this year and probably beyond.

Stainless demand remains strong, but mills may find it difficult to raise basis prices.

Check monthly Middle East price indications per product type, news and price graphs

 

New for you on MEsteel

Stainless Steel Prices Graph (Sep 2003 - Sep 2004)

Steel Prices Graph (Sep 2003 - Sep 2004)
Steel Prices (01-September-2004)

Steel Discharge Under Dubai Ports Authority - 2003 (DPA)

JIS Wide Flange Beams Tolerances
JIS Angles, Channels, I-Beams, Dimensional Tolerances
JIS Equal Angles, Unequal Angles, Dimensional Tolerances
 

22nd Edition of APEAL (European Steel Packaging magazine)

New " ONLINE LIVE SUPPORT " for you, on MEsteel.com ( see left frame )

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Steel Events coming up    

MEsteel saves you money again!

Get discounted rates on following Events...

1/ PARTICIPATE IN  " S T E E L F A B "  Exhibition
Sharjah, UAE, October 10 - 12 -2004
Machinery, Equipment and Consumables for the Steel Fabrication Industry

- 15 PERCENT DISCOUNT for MEsteel Members !
 
2/ MEET MORE THAN 200 STEEL HIGH RANKED STEEL BUSINESS PARTNERS
from dozens of countries at
"METEX 2004"
6th Eurasian Forum of the Metallurgical and Mining Industry, 
2004, October 11-17, London

- 10 PERCENT DISCOUNT for MEsteel Members !
 

3/ " Industrial 2004"

Abu Dhabi, UAE, 21 - 24th November 2004
A platform for large, medium and small sized manufacturers of machinery tools and equipments, to exhibit their latest technology

- 15 PERCENT DISCOUNT for MEsteel Members !
 

4/ .... plan early & book your space already at the 

" Middle East Metal And Metallurgy Exhibition 2005 "
Dubai, UAE 2005 March 27 -  29,

!!! 10 pct DISCOUNT for MEsteel members !!!

Furthermore...

September21 - 23
8th Int. Conf. on Semi-Solid Processing of Alloys and Composites
Limassol, Cyprus
This conference will address recent developments & applications of
semi-solid processing, as well as scientific issues.

September22 - 25
Tube China 2004 and Wire China 2004
Shanghai, China

2004 September27
9th International Galvanizing & Coated Coil Conference
Milan, Italy
Conference is dedicated solely to market analysis of the galvanizing and coil coating sector

2004 September29 - October1
7th International Iron & Steel conference
Beirut, Lebanon
Steel Industry: The Road to Continued Growth - Conference and Exhibition

2004 October3 - October4
Oil & Gas Pipelines In the Middle East
Abu Dhabi, UAE
4th Annual Conference -
Export facilities, Pipeline networks treatment and storage plants, Project finance, Regional projects, Pipeline integrity management.

2004 October26 - October30
EURO-BLECH
Hannover, Germany


These and many other steel events,

MEsteel Works hard for you

67,337 Unique Visitors came to MEsteel, in July 2004,
good for totally 190,432 visits.

More visitors, means more exposure for MEsteel Members,
who can be searched and contacted easily by the products they buy / sell, their activity, brands and company name

Thanks to MEsteel also , all members are found in top positions on GOOGLE, MSN, YAHOO ….

All this for only 275 US$/year !

Yes, MEsteel = Your Company's Best and Most Economical presence on the Internet !

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Steel News In The Middle East

Pakistan: US firm offers setting up metal scrap shredder project

Iran: Malaysia-Iran to sign MOU to build railway tracks

Oman: Good news for Steel Consumers in Oman & GCC

Turkey: Tata International opens offices in Istanbul

Saudi Arabia: Arabian Pipes Company's plans large diameter steel pipes

UAE: More time for Fujairah steel plant bidders

Iran: Implementation of Khuzestan steel project in full swing

UAE: Five groups pre-qualified for Dhs14.3b rail project

Jordan: Bids invited for Amman, 28-kilometre Zarqa railway

UAE: Bids in for steel storage tanks of the Asab gas development

Turkey: VAI to modernize Erdemir Steckel and Steel Plate mills

Iran: Hormozgan's steel plant shapes up

Iran: Iranian Steel exports up 20pct. this year

UAE: Levy on exports of steel scrap imposed

UAE: Hamil Steel tenders due out in January

Iran: Steel production to hit 16m tons by 2006

Iran: Khatami inaugurates Qorveh Steel Mill

Iran: Steel Rebar export from Insig co. Iran to Bahrain

Kuwait: LNM buys 51pct. in Kuwaiti-Bosnian steel plant

Pakistan: EXPORT OF PAKISTAN STEEL COKE to UK

Pakistan: Pakistan to rail link with Afghanistan & Iran

Turkey: Records at Erdemir in July

Iran: Iran plans to boost proven iron ore reserves

Qatar: QASCO achieved 16 million tons of molten steel

Full stories + many more Middle East steel articles on MEsteel news

Inform the world about your new products or projects !
Post your own news NOW, for all MEsteel readers to read


Any suggestions,  how to make MEsteel a better market place for you?
E-mail your suggestions to news@mesteel.com



P.S. :

LAST REMINDER!

Exhibit your Products & Services,
Machinery, Equipment and Consumables
for the Middle East Steel Fabrication Industry


!!! BOOK your STAND  NOW at STEELFAB  !!!
Sharjah, UAE, 2004, October 10 - 12

15 pct discount for MEsteel Members !

Not a MEsteel member yet ?
Register Now !