This September 2004 - M.E.Steel Newsletter is Sponsored by
" Industrial 2004 "
Abu Dhabi, UAE, 21 - 24th November 2004
Exhibit your products and latest technology,
at this platform for manufacturers of machinery tools and equipments
and take advantage of 15 PERCENT DISCOUNT for MEsteel Members !
In MEsteel's September 2004 News Letter:
- Steel News In The Middle East.
- MEsteel : 81 New Members
(including 2 from Iraq)
- Steel
Figures for August 2004
- Steel 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
UAE: MAN Group & ADIPCO to setup LSAW production in Abu Dhabi
Bosnia and Herzegovina: Kuwaiti KCI takes 41% in BH Steel Zenica
India: Scrap consignments need pre-shipment inspection certificate
Pakistan: $1 billion Pakistan Steel Mills expansion in four years
UAE: Union Iron & Steel orders 300KT/y rebar mill
UAE: Mixed Steel Beam prices
Asian average carbon steel price forecast for September 2004
Saudi Arabia: Hadeed evaluating increase of DRI production
Iran: Steel bar production project comes on stream
Jordan: Jordan plans $1b rail network
Full stories + many more
Middle East steel articles on MEsteel news
Inform the world about YOUR new products or projects.
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news NOW
81 New MEsteel Members in August 2004
Use MEsteel to Expand your Business!
81 new steel related companies, joined MEsteel in August 2004,
totaling 2.325 active MEsteel members to do business with.
Also 2 companies from Iraq found their way to MEsteel.
See what each company does, buys and sells,
and contact the ones of interest to you in 1 click!
Algeria
MULTITRADE SARL
Egypt
MATERIAL ENGINEERING OFFICE
NAKFA TRADING
PROMOTERS
THE GLOBAL COMPANY FOR INTERNATIONAL TRADING
Germany
MSS AGENCY
India
PRASAD & CO.
WESTERN INDIA AIR PRODUCTS PVT. LTD.
Iran
ARYA TRADING CO.(PRIVATE JOINT STOCK)
DELORIS STEEL
FATEH SANAT KIMIA
GITAVARZ TECH CORP
HADAF TRADING CO.
IRAN ZAMIN CO
MARINE SYSTEMS TECHNOLOGISTS LTD.
MD CORPORATION
NEGIN NIROO
PIDMCO
POOLAD GAM SARZAMIN CO.LTD
SALALI GENERAL TRADING
TOOBA SANAT CO.
Iraq
KHUDAIRI TRADING COMPANY
MIDDLE EAST WATERS
Italy
STUDIO EFFE.GI & PARTNERS
Jordan
AL-MERSAH ENGINEERING & CONTRACTING
LOUISIANA TRADING ASSOCIATION
MBGROUP.CO
RISE POWDER COATING MANUFACTURING CONSULTANTS
Kuwait
AL-NASR ESB.
ASWAN INTERNATIONAL GENERAL TRADING AND CONTRACTING COMPANY
UNION INTERNATIONAL ENGINEERING
Morocco
HAMAS
Pakistan
AL AMEEN INDUSTRIES
ALSYED STEEL
AMAR TRADERS
FALCON ENGINEERS
HALA STEEL CORPORATION
PEARLTEC PAKISTAN (PRIVATE) LIMITED
PEOPLES STEEL MILLS
RABIA TRADING INTERNATIONAL
SAFNA ENGINEERING CO.
SHAHZAD TIN PLATE MERCHANT
Palestine
UMTC
Qatar
TRAGS
Russian Federation
LEMANPIPE MOSCOW
Saudi Arabia
ABDULLAH J. AL FAISAL TRADING SERVICES
ARAN STEEL COUPLING FACTORY
INTERNATIONAL SUPPLY EST
South Africa
NCM
PRINCEKHUMA AND SONS
Syria
AL-FARDOSS
DALATI INT'L TRADING CO.(DITCO)
Turkey
ARK INDUSTRIAL SYSTEMS LIMITED
ASLAN INTERNATIONAL DIS TIC VE DAN A.S.
DIDMAR SHIPPING & CHARTERING - ISTANBUL
EKOMETAL FOREIGN TRADE LTD
EKSEN GROUP METALS AND STEEL DIVISION
ETAP DEMIR CELIK A.S.
MSC CO.
NURA LTD. ŞTİ.
ÖZARAR HOIST & CRANE
POLYPROPYLENE FIBER INDUSTRY
UMT NON FERROUS METALS
United Arab Emirates
ALBEZOUQ SCRAP TRADING COMPANY LLC.
APCC
APCECO
AZIMUTH INTERNATIONAL TRD CO LLC
BARWIL DUBAI L.L.C
BAUTECH INTERNATIONAL L.L.C.
CASPIAN PETROLEUM CORPORATION
CCC STEEL MIDDLE EAST
CORUNDUM METALS TRADING
OCEAN BULK SHIPPING LLC
PAPER CHASE INTERNATIONAL
SUNRISE SHIPS&SPARE PARTS TRDG.LLC
TIANJIN PIPE CORP. ME LIMITED
TRIANGLE GLOBAL TRADING (L.L.C)
VELATH ENGINEERING WORKS
United Kingdom
MARITA (DIAMOND TOOLING) LTD.
United States
COKE STEEL LLC
Yemen
AL TOWAITY NATIONAL CONTRACTING & ENG. CORP.
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a MEsteel member yet ?
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Steel Figures for August 2004
World crude steel production was 675 million metric tons (mmt) for the
first eight months of 2004, 8.5% higher than for the same period of 2003.
Crude steel production in China stood at 23.4 mmt in August, a rise of 21.8%
on August 2003.
Production for the 25 countries in the European Union is up 8.6% compared to
August 2003. YTD production has increased by 5.7% to 128.7 mmt.
Total production in North America stands at 10.9 mmt in August, an increase of
11.2% on the same month last year.
Monthly crude steel production in M.E. countries, in thousands of metric tons.
| August 2004 | Jan to Aug '04 x1.000t |
Difference in percent first 8 months 2003 <-> 2004 |
|
| Algeria | 85 | 727 | - 0.7 |
| Egypt | 425 | 3152 | 6.1 |
| Libya | 109 | 631 | -12.3 |
| Tunisia | 5 | 43 | -34.9 |
| Iran | 678 | 5622 | 7.0 |
| Qatar | 95 | 736 | 3.8 |
| S.Arabia | 303 | 2.546 | -4.0 |
| Turkey | 1823 | 3619 | 12.6 |
Steel Market Overview and
Prices
The slowdown in Chinese demand for imported steel has now become quite marked.
July’s imports of finished and semi-finished products were well below 3
million tons for the third month in a row.
This is more than 1 million tons per month less than the country was importing
during the February/April period.
Add to this the increase in Chinese exports, which on a monthly basis have
more than doubled since the start of this year and the global supply/demand
balance should be starting to tilt away from shortages.
One would expect steel prices around the world to wobble under the influence
of increased output and reduced off take by the largest importing country.
However, steel prices are holding firm, and were even registering further
increases in most parts of the world, in September.
Global steel production is up 8.5 percent so far this year, even without
China, but this rise is, not yet, causing over-supply.
It is apparent that the slack is being taken up elsewhere.
Other Asian countries are in the forefront of the global rise in steel demand.
Japan and several South East Asian countries are among them.
The shipbuilding industry is just one example of the steel consumption boom.
Shipyards in Japan, South Korea and elsewhere are fully booked with orders for
months to come.
This has put a severe strain on supplies of plate, and regional prices for
medium-term supply contracts are reported to be rising by $US50 per ton each
quarter.
India is also contributing to the upsurge in Asian steel demand. In the
April/July period, Indian steel imports rose by close to 15 percent compared
with the same period last year (according to estimates by the Ministry of
Steel), and the country’s steel exports fell by more than 25 percent.
Any exports not required by China are likely to seek a home in North America.
There have been reports of Brazilian mills, for example, diverting their
shipments to the USA in order to obtain better returns.
US prices are the highest in the world, which lead to increased imports.
For the first half of this year US steel imports were more than 15 percent
higher than in the same 2003 period.
Provisional figures for July showed a fall of 12 percent from June - quite
surprising considering the high level of US prices.
July’s imports were nevertheless 43 percent greater than in June 2003 when the
Section 201 import tariffs were still in force.
Rising domestic demand in Russia has severely reduced the volume of steel
available for export - particularly flat rolled products.
Steel consumption is also increasing quite strongly in the Middle East and
South America.
Concerns about the Chinese “bubble” bursting have become more muted.
Imports have been falling since May but world prices have continued rising.
Steel demand is growing in many other countries, and world consumption is sure
to be at a record level this year.
However, much of this extra purchasing is undoubtedly speculative, and will
make the fallback in prices - when it inevitably comes - that much quicker.
This is particularly relevant after the surprisingly sharp rise in prices over
the past two months.
Info provided by MEPS
Check monthly Middle East price indications per product type, news and price
graphs
New for you on MEsteel
New "
" for you, on MEsteel.com
(see left frame on
www.mesteel.com )
Any questions on how to use MEsteel?
Go to our online support and we will help you immediately.
Links to useful addresses for doing business in Iraq
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Steel Events coming up
SAVE MONEY with MEsteel
on Steel Events, News, Software, Literature and Projects info.
Get your DISCOUNTED RATES on following Events...
(for MEsteel members only)
1/
" Industrial 2004 "
Abu Dhabi, UAE, 21 - 24th November 2004
A platform for large, medium and small sized manufacturers, of machinery
tools and equipments.
Exhibit your products and latest technology.
Take advantage of a 15 PERCENT DISCOUNT for MEsteel Members !
Other events to come...
2004 October 25 - 27
8th International Tinplate Conference
Paris - France
2004 October 26 - 30
EURO-BLECH
Hanover, Germany
2004 November 7 - 9
20th International Ferro Alloys Conference and Exhibition
Barcelona, Spain
2004 November 10 - 12
WIRE ASIA 2004
Conference and Exhibition for the Production of Wire, Cable, Fasteners,
Springs and Other Wire Products
Shangai China
Find details on these and
many other steel events
MEsteel Works hard for you
-
MEsteel exhibited this month on " SteelFab " Sharjah, UAE
More than 2.000 visitors visited this successful steel construction
exhibition,
and found MEsteel, along with more than 40 other exhibiting steel companies.
- 48,634 Unique Visitors visited the MEsteel website in August 2004,
good for totally 148,162 visits.
- MEsteel advertised in issue 5 of Technical Review (September 2004)
- MEsteel advertised in Gulf Construction Magazine Steel Issue (July 2004)
More MEsteel visitors = more exposure and advertising for MEsteel
Members.
Find and contact MEsteel members easily,
by the products they buy / sell, their activity, brands and company name,
on www.mesteel.com.
Thanks to MEsteel also, all our members are found in top
positions on GOOGLE, MSN, YAHOO ….
All this for only 275 US$/year.
MEsteel = Your Company's Best and Most Economical Presence on the Internet !
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