Emirates Steel and Vale signs iron ore pellet supply agreement

Emirates Steel has signed a four-year, high-value contract with Vale, for iron ore pellets supply for its steel production in Abu Dhabi.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -0.94
Scrap HMS I/II 80:20, CFR Turkey, $/mt -0.44
Billet FOB CIS, $/mt 0
Rebar FOB Turkey, $/mt -0.98
HRC FOB China, $/mt -6.42
Wire Rod FOB China, $/mt -1.34
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Product Weekly Change (%)
HRC SS400 FOB China -6.42
Iron ore (62%) CFR China 0.27
Rebar FOB Turkey -0.98
Scrap HMS I/II 80:20 CFR Turkey -0.44
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  Weekly Change (%)
Turkish Rebar Index -1.97
Turkish Scrap Index -0.86
China HRC export index -6.42
US (East Coast) HMS I/II scrap export index -0.47
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USA Scrap Export January - July 2018 / mton
Turkey 2,037,452
Mexico 1,232,043
Taiwan 1,109,412
Canada 701,790
India 664,246
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