UAE has witnessed an increase in production during the past few months.
Citing a senior official of Emirates Steel, a report said that the production at the Abu Dhabi based steel mill had peaked last month registering highest figures so far 2009.
Hussein Al Nowais chairman of Emirates Steel, speaking after the signing of a contract with Danieli Corporation for construction of phase II B of the company's expansion plan, said August witnessed the highest production level ever so far.
Al Nowais said, "Last month was our highest month of production and we reached 170,000 tons. Te increase in production is in line with demand in the UAE. Obviously we produced more in August because there was demand.”
Similarly RAK Steel, which also cut production during the onset of the crisis, said that its output increased during the past few months. Ajay Aggarwal CEO of RAK Steel said, “August had a better production level compared to July. We have been going steady without any major production cuts during the past two months. With Ramadan behind us, we are expecting demand in the UAE to pick up.

Turkish scrap import prices continued to decline.
As per report, the price of shredded scrap price decreased from the last week's USD 315 per ton to USD 310 per ton; HMS1&2 prices also reduced to around USD 300 per ton from last week's USD 305 per ton.
Turkish mills are looking for resources with low purchasing prices. It is said that one Turkey mill purchased 40,000 tonnes of shredded scrap at price of USD 300 per tonnes from the US.

Iranian rebar prices have started to moving upwards after some weeks of slackening at the local market.
12 mm to 25 mm material is offered by IRR 5.5 million per ton to IRR 5.7 million per ton. Before it did not exceed USD 530 per ton to USD 550 per ton level.
Traders believe price increase is a result of billets price growth in the international market.
However, analytics are not ready to say how long the material is going to keep upward trend.

Ukraine's top steel mill, owned by ArcelorMittal, cut its raw steel production in January-September 2009 to 3.520 million tons, 35.7 tons lower than in the same period the previous year, said a report.
The rolled steel production fell to 3.221 million tons in the first nine months of the year from 4.663 million tons, while pig iron output fell to 3.088 million from 3.935 million.
Ukraine's steel production fell to 37.1 million tons in 2008 from 42.8 million in 2007.

Turkey has cut current import tax on certain steels. As a result, the import tariff rate on hot rolled steels is at 9 percent while 10 percent on cold rolled steel which is down by 4 percent from previous level.
On the other hand, the import tax on hot dip galvanized steels and pre galvanized steels remain the same at 15 percent.
For hot rolled steels imported for cold forming process, the import tax is only 5 percent.

Qatar Steel, an Industries Qatar subsidiary, has hiked the prices of uncoated and epoxy coated reinforced steel bars of various dimensions.
An IQ spokesman informed to the Qatar Exchange without giving details said that the hike, effective from October, is applicable to delivery at site within Doha city.
Qatar Steel had frozen prices unchanged from April 2008 and in November made a 25 percent cut to bring down costs for the construction industry and hence inflation, which ruled high at near 17 percent in 2008. Qatar Steel's profit fell 5 percent to QAR 1.16 billion although revenue dropped faster at 35 percent to QAR 2 billion in the first six months of this year.

Prices of steel bars in the UAE have dropped by 5.6 percent, or by USD 31.85, compared to the last week of September, according to data made available by Statistics Centre Abu Dhabi (Scad).
Local prices of 10-32mm steel bars decreased from Dh2,087 per ton on September 26 to Dh1,970 per ton. Among the main reasons for the decrease in local prices is lack of demand and a correction in the prices of scrap and billets and prices of Turkish steel bars. Local rebar prices have been on the rise for the past two months and were expected to fall as the increase was not supported by a rise in demand. Traders in the UAE had told Emirates Business that the rise in rebar prices was bound to fall following the end of Ramadan.
According to a senior official from Danube Building Materials, Turkey is trying to hold the prices but the prevailing condition is bound to cause minor adjustments.
"There is not much activity so far either in the Turkish market or here. The market continues to be quiet and soft. We have been importing about 15,000 tons monthly for the past few months and the current scenario looks to remain the same," said the official. A project manager last month said that high prices of rebar would not be sustainable without an increase in local demand. "I have been monitoring the movement of steel prices closely of late. The local prices today are a mere reflection of price in Turkey. If prices in Turkey fall, local producers will soon follow course," said the official. Export prices from Turkey too has fallen by 7.29 per during the same period. The price of 10-32mm steel bars from Turkey went down by Dh155 from Dh2,125 on September 26 to Dh1,970. Meanwhile, according to reports, steel billet prices in the Black Sea and Turkish market has eased slightly, as scrap prices edged down and buying remained subdued. Traders said prices were likely to come under pressure in the coming weeks as restocking wanes with many traders and stockists having secured material until the end of the year and due to overcapacity after mills restart production, said a Reuters report.Traders quoted Black Sea free-on-board billet between $435 (Dh1,598)-$440 a ton, from $445-$450 a ton last week. Scrap prices have eased to around $285 a ton from $300 a ton, but are not likely to come off further, they said. Quoting a Turkish based trader the report said that the market is wary of a correction in the price. The mills, the trader said, are trying to push the prices higher. "But there isn't that much demand, so we don't see many deals," he said. Billet prices have risen above $400 a tonne since early August, as the producers begun to bring back some idled capacity on the back of improved orders.
Meanwhile, reports quoting Istanbul Mineral and Metals Exporters' Association said that in September Turkey's total steel bar exports, including rebar amounted to 560,000 tonnes decreasing by 37.24 per cent year on year and up by 2.82 per cent month on month. The revenue generated by these exports totalled $268.3 million declining by 75.1 per cent compared to September 2008 and up 7.18 per cent month on month. In September, the average export price of Turkish steel bar was $479.5 per ton up $19.5 per ton or 4.23 per cent from August levels but down $730 per ton or 60.33 per cent from $1,209 per ton in September 2008. In the January to September 2009, Turkey steel bar exports slid 15.91 per cent year-on-year to 7.26 million tones totalling a value of $3.28 billion down 59.64 per cent compared to the corresponding period of the previous year. Meanwhile according to the Scad, price of Qatari steel bars has increased by Dh31 per ton compared to the last week of September. A ton of 10-32mm steel bars is currently priced at Dh2287.78 in Qatar. According to reports Qatar Steel, an Industries Qatar subsidiary, has increased the prices of uncoated and epoxy coated reinforced steel bars of various dimensions. Qatar Steel also increased its rebar prices for domestic sales by $27 per ton to $549 per ton with effect from October 1. The raise is applicable to delivery at site within Doha city. Qatar Steel had frozen prices from April 2008 and in November made a 25 per cent cut to bring down costs for the construction sector. Scad figures also revealed that prices of flat steel products increased by 2.75 per cent. Turkish flat steel increased from Dh2,400 per ton in September last to Dh2,466 per ton.