It is reported that the CIS producers are already looking forward for the end of Ramadan and trying to increase prices expecting better demand at the Middle East.
As soon as most part of the September production volumes of billets has been already booked, companies with available material started to offer it more expensive. Thus most part of the offers is keeping the range of USD 545 per tonne to USD 565 per tonne FOB Black Sea.
Companies are also already booking October production.
It is said that the dynamics was also supported by increase of scrap quotations in Mediterranean area and higher prices for the Turkish products.
www.steelprices-middleesat.com is a comprehensive service for tracking real time domestic steel prices and trends in Middle East.
The scope of service includes
1. Domestic pricing information in UAE, Saudi Arab, Qatar, Kuwait and Bahrain
2. Export levels from Turkey, Rotterdam, China, India and Black Sea
The service is specifically designed to assist steel makers, traders, users and others connected with the industry to keep track of real time prices prevailing in the market and thus comprehensively evaluate steel pricing trends in the trend setting region
Methodology and access
1. Benchmark products in each category with fixed commonly used sizes and grades
2. Average transaction levels which have settled well, based on continuous interactions with domestic mills, service centers, stockiest, traders and buyers
4. On fixed market oriented payment terms
5. Daily updates
6. Data available since July 2008
5. Access through web site
Products covered
1. Long Products
2. Flat Products
3. FOB levels for export FOB Black Sea, China, Turkey and India
1. Long Products
| Angles - A36/S275JR | Abu Dhabi, Bahrain, Dammam, Dubai, Jeddah, Kuwait, Qatar |
| Channels - A36/S275JR | Abu Dhabi, Bahrain, Dammam, Dubai, Jeddah, Kuwait, Qatar |
| HEA | Abu Dhabi, Bahrain, Dammam, Dubai, Jeddah, Kuwait, Qatar |
| IPE - 14-16-18 | Abu Dhabi, Bahrain, Dammam, Dubai, Jeddah, Kuwait, Qatar |
| Rebars - BS4449Grade460B | Abu Dhabi, Bahrain, Dammam, Dubai, Jeddah, Kuwait, Qatar |
| Structural | Abu Dhabi, Bahrain, Dammam, Dubai, Jeddah, Kuwait, Qatar |
| W section - A36/S275JR | Abu Dhabi, Bahrain, Dammam, Dubai, Jeddah, Kuwait, Qatar |
| Wire Rods - Sae 1008 | Abu Dhabi, Bahrain, Dammam, Dubai, Jeddah, Kuwait, Qatar |
2. Flat Products
| Item | Locations |
| CRS - Commercial | Abu Dhabi, Bahrain, Dammam, Dubai, Jeddah, Kuwait, Qatar |
| HRC Sheets - SS400 | Abu Dhabi, Bahrain, Dammam, Dubai, Jeddah, Kuwait, Qatar |
| HDG - 0.70 Coils | Abu Dhabi, Bahrain, Dammam, Dubai, Jeddah, Kuwait, Qatar |
| plates 2x6 - A36/SS400 | Abu Dhabi, Bahrain, Dammam, Dubai, Jeddah, Kuwait, Qatar |
| plates 3x12 - S275 JR | Abu Dhabi, Bahrain, Dammam, Dubai, Jeddah, Kuwait, Qatar |
3. FOB levels for export FOB Black Sea, China, Turkey and India
Weekly basis
A. Input & semis
| Product | Location |
| Scrap | Rotterdam, Turkey |
| Billets | CIS, China & Turkey |
B. Long Products
| Product | Location |
| Rebars | CIS, China, Turkey |
| Wire Rods | CIS, China, Turkey |
C. Flat products
| Product | Location |
| HR | CIS , China |
| CR | CIS , China |
| HDG | CIS , China, India |
| PPGI | India |
| Plates | CIS , China & India |
Other features
The prices are displayed on weekly and monthly basis. They also have search facilities to access old data from the archives. Graphical representation of trends and comparison of price movement 2 or more products is also available.
In addition, you can monitor currency exchange rates, metal prices, BDI for the day as well as access their archives for past data.
Other features include converters for weight, length etc, glossary and advanced search functions. The benchmark product price information is supplemented by global pricing news.
Subscription charges for 12 month period
| Currency | Single | 2-5 | 6-12 | 13-25 | 26-40 | 40-60 |
| In USD | 1,650 | 3,300 | 5,500 | 11,000 | 16,500 | 22,000 |
How to subscribe
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1. Register at www.steelprices-middleeast.com and pay on line or ask for invoice
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(Sourced from www.steelprices-middleeast.com)
