As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has lowered the domestic H2 scrap purchase price by JPY 500/MT (USD 5) at all five works in Japan. New prices for all grades shall be effective from tomorrow (19th Jun'19)
News ID: 4861 Publish Date : 2019/06/20
Sharp currency depreciation has resulted in a sharp hike in domestic steel prices. However, following the global downturn, imported scrap prices in Pakistan are hovering at around 5-6 months low.
News ID: 4856 Publish Date : 2019/06/20
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group likely to announce the price hike for all grades of domestic steel scrap purchase by RMB 50/MT (USD 7) effective from tomorrow (18th June’19).
News ID: 4850 Publish Date : 2019/06/20
This was the consecutive week, in which Turkey's scrap import prices fell down by USD 8-10/MT and global billet market witnessed yet another dull week. Although it was not surprising for the marketers, the market acted exactly in line with the expected resonance
News ID: 4838 Publish Date : 2019/06/18
Indian steel prices moved down-trend during the Week-24 (8-15th Jun'19) on demand concern amid healthier supply. The producers seems received limited response as offers continued on negative direction.
News ID: 4835 Publish Date : 2019/06/18
As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has lowered the domestic H2 scrap purchase price by JPY 500/MT (USD 5) at all five works in Japan. New prices for all grades shall be effective from tomorrow (15th June'19)
News ID: 4833 Publish Date : 2019/06/16
SteelMint learned from industry participants that Indian imported scrap prices inch down on a weekly basis in limited deals reported. Following continued global price fall, Indian scrap importers remain majorly cautious before buying actively amid weakening local semi-finish prices and still subdued finish steel demand.
News ID: 4829 Publish Date : 2019/06/16
SteelMint learned from industry participants that Turkish steel mills have continued fresh deep sea cargo bookings to take advantage of low global offers. Prices have moved down further by USD 5-6/MT against that of reported in the beginning of this week.
News ID: 4822 Publish Date : 2019/06/15
Iranian billet export market sentiments softened this week after the market resumed from Eid holidays. As expected, this week market sentiments were reported barely weak, the recent billet export offers says all
News ID: 4819 Publish Date : 2019/06/15
South Korean leading EAF steelmaker, Hyundai Steel has reportedly lowered the bids for Japanese scrap purchase by JPY 1,000/MT (USD 9) today.
News ID: 4818 Publish Date : 2019/06/14
In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have weakened on account of further softening of prices at the global level.
News ID: 4812 Publish Date : 2019/06/14
SteelMint learned from industry participants that Turkish steel mills have observed fresh deals as US suppliers returned into the market after short pause towards the closing last week. Activities remained very limited on public Eid holidays during last week while imported scrap prices moved down USD 5-6/MT on W-o-W basis as global sentiments remained dull.
News ID: 4811 Publish Date : 2019/06/11
As per vessel line up data maintained with SteelMint, a bulk scrap import vessel named 'MV Sagar Kanya' is expected to arrive at Kandla port on 09th Jun'19.
News ID: 4777 Publish Date : 2019/06/09
In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh witnessed further price hike this week, on account of last week’s strong buying activity in Turkey at further increased prices supported by the US Tariff cuts on finished steel imports from Turkey.
News ID: 4703 Publish Date : 2019/05/31
South Korean leading EAF steelmaker, Hyundai Steel has reportedly lowered the bids for Japanese scrap purchase by another JPY 500/MT (USD 5) this week on account of availability of inventory with the steelmaker and uncertainty in the domestic Japanese scrap prices with steelmakers in 'Wait and Watch' mode.
News ID: 4645 Publish Date : 2019/05/27
Iranian billet market has started recovering from dull sentiments and has picked up pace this week. According to SteelMint’s assessment, this is primarily due to the recent increase in Turkey’s scrap import prices, which witnessed a hike of USD 10/MT, yesterday against last week.
News ID: 4643 Publish Date : 2019/05/26
In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have shown a marginal upward movement this week following the recovery in global levels.
News ID: 4635 Publish Date : 2019/05/25
US tariff cuts on steel imports from Turkey has started strengthening the trade sentiment in CIS nations, effects can be witnessed with recent billet export indications from CIS nations, which was reported to be USD 420-423/MT, FoB Black Sea. This is higher against last week offers of USD 410-415/MT, FoB Black Sea.
News ID: 4625 Publish Date : 2019/05/22
Indian steel market remained quite subdued for the week 20 (11-18th May'19) as the prices of raw materials like Iron ore, pellet and coal have inched up a little. However, the prices of Semis & Finished long steel products slump by INR 200-900/MT (USD 3-13), as per SteelMint assessment.
News ID: 4592 Publish Date : 2019/05/20
SteelMint learned from industry participants that containerized scrap trades to South Asia remained limited on account of low demand and to have more clarity after the recent price hike in the global market.
News ID: 4576 Publish Date : 2019/05/19