In conversation with industry participants, SteelMint learned that imported scrap offers to Bangladesh have further fallen this week on the account major correction in global levels along with slow sales of domestic finished steel.
News ID: 4551 Publish Date : 2019/05/16
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has lowered steel scrap purchase price for all grades by RMB 40/MT (USD 5.8) effective from today (15th May’19).
News ID: 4548 Publish Date : 2019/05/16
SteelMint learned in recent conversations with industry participants that imported scrap offers in containers to Pakistan have dropped to 4-month low amid global price correction observed during the closing of last week.
News ID: 4545 Publish Date : 2019/05/16
SteelMint learned from industry participants that Turkish steel mills have recently concluded more deals at further corrected prices. Steel mills seem to have actively booked deep sea cargoes comprising around 150,000 MT scrap as they achieved desired offer levels from suppliers.
News ID: 4540 Publish Date : 2019/05/16
Indian spot steel trades were limited during the week-19 (6th to 11th May) this in turn resulted fall in prices of mid sized mills.
News ID: 4537 Publish Date : 2019/05/16
Downtrend in imported scrap prices to Bangladesh and decline in domestic sponge prices in India have collectively lowered sponge iron export offers from India.
News ID: 4534 Publish Date : 2019/05/15
In conversation with market participants, SteelMint learned that bulk scrap import prices to Bangladesh have come down considerably in recent bookings made.
News ID: 4513 Publish Date : 2019/05/14
SteelMint learned in recent conversations with industry participants that imported scrap offers in containers to Pakistan have shown stability after observing softening towards the closing of the last week
News ID: 4511 Publish Date : 2019/05/14
SteelMint learned from the updates that South Korean leading EAF steelmaker- Hyundai Steel has recently booked two more bulk ferrous scrap cargoes from the US.
News ID: 4506 Publish Date : 2019/05/14
Indian domestic steel trade activities were subdued during the week-18 (27th Apr to 04th May) as prices remained volatile amid average supply-movement.
News ID: 4493 Publish Date : 2019/05/10
India, one of the world's largest ship recycler has imported about 1,740,000 LDT of ship breaking scrap in FY19, which is lowest since the year of 2014, as per data maintained by SteelMint.
News ID: 4489 Publish Date : 2019/05/10
SteelMint learned from industry participants that steel mills in South Asia, especially in Bangladesh and India, have turned active for bulk scrap cargo bookings.
News ID: 4485 Publish Date : 2019/05/10
Thailand Finish long imports:- Thailand finish long imports registered at 0.23 MnT Q1 CY19 which is down by 8% against 0.25 MnT in Q4 CY18. Whereas on monthly & yearly proportionate it has moved up slightly by 14.28% to 0.08 MnT in Mar’19 against 0.07 MnT in Feb’19 as well as Mar’18.
News ID: 4475 Publish Date : 2019/05/09
In conversation with Bangladesh's scrap importers & traders, SteelMint learned that steel mills observed limited trades for imported scrap on low demand in the finished steel market
News ID: 4473 Publish Date : 2019/05/09
SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan have shown slight correction following softening global scrap offers.
News ID: 4465 Publish Date : 2019/05/09
SteelMint learned from industry participants that imported scrap trades in Turkey have remained limited successively for the second week amid no news of considerable recovery in finished steel demand.
News ID: 4457 Publish Date : 2019/05/09
SteelMint learned from industry participants that imported scrap trades in Pakistan have improved on an account of Ramadan restocking however, Indian market has continued observing comparatively limited activities on ongoing elections while volatile but competitive domestic scrap and sponge iron prices.
News ID: 4438 Publish Date : 2019/05/07
United States, world's largest ferrous scrap exporter and one of the leading steel exporters observed rebound in ferrous scrap exports in Feb'19 however, exports of Coal, Iron Ore and finish steel products dropped on monthly premises against volume registered in Jan'19, the data provided by US customs showed.
News ID: 4437 Publish Date : 2019/05/07
In conversation with Bangladesh scrap importers & traders, SteelMint learned that mills are expected to turn active for scrap bookings ahead Ramadan holidays (which starts on 4th May). Mills are expected to begin with scrap restocking activities shortly.
News ID: 4424 Publish Date : 2019/05/06
SteelMint learned in conversation with industry participants that the imported scrap market has remained majorly stable. Trade activities remained slow as customers stand a bit concerned about domestic support and clarity on global levels.
News ID: 4420 Publish Date : 2019/05/05