MEsteel.com June 2004 - Newsletter

This MEsteel News Letter is Sponsored by

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Energy Projects in the Middle East & North Africa.


In MEsteel's June 2004 News Letter:

- MEsteel : 70 New Members.
- Steel Figures for May 2004.
- Market Overview and Prices.
- New info for you on MEsteel.
- Steel Events July-Aug 2004.
- How MEsteel attracts more business for you?
- Steel News In The Middle East.

70 New Members registered in May 2004

70 new steel related companies joined MEsteel in May 2004,
bringing the total to 2033 active MEsteel members,
for you to deal with.

Algeria
UCE INTL

Egypt
UNITED METAL INDUSTRIES COMPANY
CAIRO CENTER
THE NATIONAL METALS FACTORY
N INTERNATIONAL
GROUPE PYRAMIDE EGYPTE
ABB AUTOMATION
EGYPTIAN CHINESE FOR IMPORT,EXPORT AND TRADING LTD.
AL ATTAL NATIONAL STEEL

India
ARIHANT SYSTEMS & ELECTRICALS P LIMITED
GONTERMANN-PEIPERS (INDIA) LTD

Iran
HAMED NAFIS CO.
T.E.TRADING CO.
SANAAT HOOSHMAND
NIKPEYMAN
SENOBAR ENGINEERING CO.
JAMEH TEJARAT CO. (JTC LTD.)
KAWIAN
PTK

Iraq  
SAHAND_KSH
ISHA'A ALMUSTAKBAL CO. LTD.
BITRON CONSTRUCTION CO. LTD.

Italy
AGM ENERGY SRL
GLOBAL SHIPPING SPA

Kuwait
GICC

Lebanon
M.J.K TRADING CO. S.A.R.L

Libya
ALMARASSI MARITIME & TRADE CO

Malta
RJD INVESTMENTS LIMITED

Morocco
TOURE ET FRERE

Oman
TCPP CO. LLC

Pakistan
ARBOUR TRADING CORPORATION
HOLLAND MACHINERY STORES
SGS TRADING CORPORATION
DAUDSONS INDUSTRIES (PVT) LTD.
ALFAIZ STEEL MILLS
TROPNT IMPEX
MTM INTERNATIONAL BEARING IND. LIMITED
RASHID STEEL

Qatar
SAHARA

Saudi Arabia
NATIONAL METAL MANUF. & CASTING CO
AL-SAYED TRADING ESTABLISHMENT
ARTEX - FREIGHT INTENATIONAL

South Africa
OZO

Syria
ARIAN CO.

Taiwan
GENN-HANN STAINLESS STEEL ENTERPRISE CO., LTD
CHU HUEI STEEL INDUSTRIAL CORPORATION

Turkey
HASCELIK A.S.
MAYA SHIPPING AND TRADING CO.LTD.
KLOCKNER DEMIR VE CELIK SAN VE TIC LTD
HASAN HABIBOGLU IMP-EXP

United Arab Emirates
MIDDLE EAST INDUSTRIES (FZC)
SUMMIT STEEL
GALVA COAT FOR GALVANIZING & LIGHITING POLES
BAKHAIT SAEED TRADING CO. L.L.C
GLOBAL EAST TRADING L.L.C
INTERNATIONAL MARKETING SERVICES
BRIGHT WAY ECE SERVICES
MIDLAND METALS
GULFENERGY
OIL & GAS SERVICES GROUP LTD
TECSOL INTERNATIONAL LLC
AL-ZAHRAA
CONTICON TRADING LLC
PRESTIGE ENGG EST
AL QAHERAH BM.TRADING
CENFAB L.L.C.
ESAB MIDDLE EAST FZE
DUFERCOSA (IRONET)
HORIZON METALLIC INDUSTRIES CO. LLC

Yemen
AMRO

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Steel Figures for May 2004

World crude steel production rose in May to 85.7 million metric tons.
Global production increased by 5.6 pct as compared to May last year and by 8.2 pct year- to-date (YTD).

Middle Eastern output came to 1.1 million metric tons in May 2004, which was identical to the crude steel production figures for the same period last year. However, the region does show a 4.1 pct  increase YTD.

Turkish output rose to 1.7 million metric tons in May, with a 10.7 pct increase over the same period last year.
On a YTD basis production increased by 12.1 pct.

African May production increased by only 0.8 pct as compared to May of last year and showed a decrease in production YTD of 1.2 pct
South Africa produced 819,000 tons of the 1.4 million tons produced by the region last month. South African YTD figures show only a 0.1 pct increase.

Output in China increased by 13.3 pct over May of 2003 and by 22.7 pct or 19.2 million metric tons during the first five months of 2004.
These latest figures show that Chinese production accounts for 24 pct of global steel production for the month of May.
Asian crude steel production reached 39 million metric tons last month, increasing by 7.2 pct over May 2003.

Output in the 25 European Union Countries, reached 16.9 million metric tons in May, an increase by 3.3pct over May 2003.

Output for the month in the C.I.S. amounted to 9.3 million metric tons, rising by 4.4 pct over May 2003 and by 7.3 pct since the beginning of the year.
 

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

Market Overview and Prices

Import prices into many Asian markets were on the wane, and there is a distinct feeling that the heat is going out of the steel market,
although recently there are signs of some upwards price corrections in HRC and steel plate again.

The 3e quarter 2004 may be the last time for mills in Asia, Europe and North America to secure further price increases.
Since the dip in Chinese domestic steel prices last month, further evidence has been emerging of the extent of the slowdown in the country’s growth rate. Having been rising at 20 percent for many months, the country’s steel production in May rose by only 13.3 percent, its lowest year-on-year percentage increase since December 2002.

Imports of iron ore and other raw materials into China registered a volume decrease in May.
China’s imports of steel products in May fell very sharply – by over 30 percent to 2.13 million tonnes, according to official figures.

Maybe more significant is the last months sale of heavy melting grade scrap into Korea at below $US200 per ton CFR. Only a few months ago, this product was selling for more than $US300 per ton, and these lower prices seem to be drawing Chinese buyers back into the market.

Part of the fall in CFR values of internationally traded material is attributable to the continued decline in ocean freight rates. In the last couple of weeks, these have fallen to their lowest levels in nine months, and are down by about 50 percent from their January peak.

Prices for flat rolled steel products in Europe have now in most cases reached their highest level in the last two decades.
Hot rolled coil late 1984 reached the equivalent of €420 per ton. The historic low point was reached in early 1999 (€209 per ton). But the current price of  €465 per ton, is the greatest for the past 20 years.
For hot rolled plate, the previous high of €427 per ton was reached in the spring of 1985. The low of €240 per ton was attained in early 1999. And the current record value is €515.

US steel imports amounted to 2.3 million mts in May, indicating a rise of 4% compared to April.  
From April to May, the change in steel imports reflected increases in blooms, billets, slabs and cold rolled sheet.
In the first four months of 2004, steel imports reached 8.4 million mts against 7.5 million mts recorded in the corresponding period of last year. The largest commodity increases were in wire rods, blooms, billets and slabs. The largest country exporters to the US were Mexico, Canada, Brazil and Turkey.

The data shows that Turkey has exported 119.750 mts of finished steel to the US in May. This pace was 48.6% lower compared to April.

In the Middle East,
HRC prices from Ukraine were at 445 USD/t CFR Dubai levels , while Japan was selling some allocations of 1.2mm HRC at 610-620 US$/t.
Pate prices were around 540 to 560 from Alchevsk and Illiych, while West European prices remain very high with generally long delivery times.
Beam prices from INI Korea and West Europe remain strong at levels above 640 USD/T CFR onwards.
Dongkuk Korea and Japanese mills are reported to have sold at levels of 540-550 US$/t CFR for a limited size range of JIS beams
Angles from Ukraine sold at 440 USD/t, while smaller size angles and flats were bought form Korea and China at 480 - 500 USD/t.


More news, prices and history graphs
 

New info available on MEsteel

Literature:

-Metallics Report - Spring 2004
-Steel Packaging Literature 19th-20th and 21st Edition of APEAL online

Info pages on following Steel activities:

-Pre-Stressed Concrete Producers  
-Manufacturers of Exhaust Pipes And Silencers  
-Steel Drum and Barrel Producers  
-Steel Reinforced Tyre Producers  
-Tin Plate - Steel Can, Lid, And Crown Cork Producers  
-Automotive Parts Producers  
-Agricultural Equipment Manufacturers  
-Contractors  
-Steel Tank Construction Companies  
-Ship Building And Repair Companies  
-Pre-Engineered Steel Buildings  
-Steel Fabrication & Steel Construction Companies
-Producers And Repairers of Containers  
-Trailer and Vehicle Manufacturers

New " News " pages on

- Mining and Metals Industry
- Metals Industry


Project News Energy Project Info in the MidEast & North Africa
-> now available to MEsteel members with 15% discount

Find more details +  new info for you on MEsteel,

Steel Events coming up    

Last reminder!!!

!!!   BOOK NOW, TO PARTICIPATE IN   S T E E L F A B   !!!

15 pct  discount for MEsteel Members !

STEELFAB, Sharjah, UAE
Machinery, Equipment and Consumables for the Steel Fabrication Industry
2004, October 10 - October 12

and, ... take a note already of the

Middle East Metal And Metallurgy Exhibition 2005
which will take place in
Dubai, UAE
2005 March 27 - March 29, sponsored by MEsteel.com

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


These + many other steel events, on

How MEsteel performs for you?

66.854 Unique Visitors came to MEsteel, in May 2004,
good for totally 187.000 visits.
More visitors, means more exposure for MEsteel Members.

All members are found on MEsteel, the products they buy / sell,  their activity, brands and company name.

Thanks to MEsteel, all our members are found on all major search engines such as GOOGLE, MSN, YAHOO as well.


All this for only 275 US$/year !


MEsteel = Your Company's best and cheapest way to be on the Internet !

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Steel News In The Middle East

Morocco: Danieli Endless Welding Rolling Segment Ordered by Sonasid

Saudi Arabia: Danieli 500 KT / year Steel Bar-Section Mill for Hadeed

Turkey: Borcelik CR steel capacity doubled to 900 KT/year

UAE: Health and Safety in Welding to be one of the focus areas at SteelFab-MEIS 2004

Turkey: 73 mio Euro order for slabcaster + steelmaking modernization by Isdemir

UAE: New Stainless steel cold rolling Complex USCO, Abu Dhabi

ASIAN STEEL MARKETS COOLING DOWN

Iran: Tehran Metal Exchange Starts Zinc Ingot Trading

UAE: ADIC to build 1.2 million tons/annum steel plant in Fujairah

Egypt: Ezz Industries to reach 2.200 KT HRC production in 2004. Qatar: Qasco denies steel rebar shortage in market


Read these + many more Middle East steel articles on MEsteel news

Let people know new products or projects of  your company
Post your own news for all MEsteel readers


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



P.S. :

Interested to exhibit yourProducts & Services,
Machinery, Equipment and Consumables
for the Steel Fabrication Industry ?

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

15 pct  discount for MEsteel Members!