Nepal: Flat Steel Import Jumps 38% in CY18
According to latest customs data released, Nepal’s flat steel imports which includes 7208 (HR coils /Plates), 7209 (CR coils), 7225 (Electrical sheets),7210/7212(GP/GC) reported a climb of 38% in CY 18 to 0.69 MnT as compared to 0.50 MnT in CY17
Major Indian steelmakers have actively exported Hot Rolled coils to Nepal in CY18 which pushed up total export volumes
On monthly basis country’s flat steel exports plunged by 33% in Dec’18 to 0.04 MnT against 0.06 MnT in Nov’18. Thus Indian HRC bookings for Nepal witnessed a decline since last month amid liquidity issues due to which fresh requirements were not coming up. Also delayed dispatch of previous bookings were also a matter of concern.
Also on yearly basis the same reported a decline of 20% in Dec’18 against 0.05 MnT in Dec’17.
India turns out to be the major flat steel exporter of Nepal in CY18- India remained a major flat steel exporter to Nepal in CY 18.India exported 0.58 MnT of flat steel in CY18 as compared to 0.45 MnT in previous year. India occupies the share of 87% in total flat steel exports to Nepal.
Second major exporter was China’s which stood at 0.05 MnT in CY18 against 0.03 MnT of CY17.
Followed by other countries like Ukraine and Taiwan exported HRC to Nepal in small quantities.
source: SteelMint
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
