Falling ingot/billet production of standalone mills has lowered supply in merchant market, however weak demand of finished steel products remained a concern. Therefore prices remained volatile since more than a week's time amid subdued trade activities.
News ID: 5770 Publish Date : 2019/08/06
In conversation with industry participants, SteelMint learned that imported scrap offers to South Asia declined marginally on weak demand.
News ID: 5733 Publish Date : 2019/08/05
SteelMint learned from industry participants that Turkish imported scrap market has maintained silence so far this week with no fresh deal being reported in the market. Standoff situation between steelmakers and supplier yards extended further as a few steelmakers postponed their remaining August shipment bookings temporarily.
News ID: 5729 Publish Date : 2019/08/05
This is 4th bulk scrap import vessel to India for the month of July.
News ID: 5724 Publish Date : 2019/08/05
In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have been stabilized this week, however, the domestic market situation remained sluggish amid heavy rains and upcoming holidays for Eid in the country.
News ID: 5723 Publish Date : 2019/08/05
In recent conversations with industry participants, SteelMint learned that imported scrap offers to Pakistan have come down marginally on slowing down of demand from buyers end. Less clarity globally and resistance from supplier yards to offer openly at lowered prices kept trade activities comparatively low.
News ID: 5686 Publish Date : 2019/08/02
Indian steel market remained bearish in the week-30 (20-27th Jul'19) owing to lessened trade activities in domestic market.
News ID: 5558 Publish Date : 2019/07/29
Global ferrous scrap prices showed mixed trends in major markets this week. Japanese scrap prices begin rising with Tokyo Steel raised its scrap purchase bid, however, South Korea's Hyundai Steel remained silent. Turkey observed stability in prices against last week, while South Asian markets witnessed slowing down in trades thus keeping prices almost flat.
News ID: 5557 Publish Date : 2019/07/29
Medium sized re-rollers in Bangladesh have reduced their rebar offers sharply owing to limited buying inquiries from the traders and associates. Also ongoing monsoons have kept rebar demand dull in the country.
News ID: 5546 Publish Date : 2019/07/29
Medium sized re-rollers in Bangladesh have reduced their rebar offers sharply owing to limited buying inquiries from the traders and associates. Also ongoing monsoons have kept rebar demand dull in the country.
News ID: 5545 Publish Date : 2019/07/29
In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have softened on an overall lowered buying interest from South Asian markets in addition to low domestic demand. Following the decent restocking and bulk bookings in the last couple of weeks, the trade activities remained sluggish this week with few deals for maintaining inventories being observed.
News ID: 5514 Publish Date : 2019/07/28
SteelMint learned in recent reports that the uncertainty in global scrap prices and slowing down of finished steel demand in the domestic market has turned sentiments mixed in Taiwan this week.
News ID: 5480 Publish Date : 2019/07/25
In recent conversations with industry participants, SteelMint learned that imported scrap offers to Pakistan have recovered moderately after touching record low levels last week, as strengthening in the global market is making suppliers less inclined to sell at low prices.
News ID: 5478 Publish Date : 2019/07/25
The steelmaker has raised its domestic scrap purchase price by JPY 500/MT (USD 5) at Utsunomiya plant following an upturn in Japanese scrap price amid tight supply.
News ID: 5477 Publish Date : 2019/07/25
During the week-29 (13-20th Jul'19), Indian domestic trade activities were subdued. The mid sized steel mills reported mix response from the domestic buyers over uncertainty in the market.
News ID: 5471 Publish Date : 2019/07/25
As per vessel lineup data maintained with SteelMint, India’s first bulk ferrous scrap import vessel from Russia is expected to arrive at Kandla port, on 22nd July 2019.
News ID: 5469 Publish Date : 2019/07/25
Japan to make 2020 Olympic torches from recycled aluminium platesJapan is promoting sustainability in a big way in 2020 Olympic Games in Tokyo. Starting with the medals to the characteristic aluminium torches, a lot of recycled metal is being used for the games accessories. Japan created hundreds of medals made from recycled metals – sourced from discarded smart phones. Now, the government has announced its decision to make the Olympic torches that are used to kick-off the competition from recycled aluminium.
News ID: 5428 Publish Date : 2019/07/23
Digital solutions and a comprehensive approach to die casting significantly boosts productivity
News ID: 5286 Publish Date : 2019/07/18
SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan have sharply declined over the last week on softening of prices globally, while trades in good volumes were concluded at favorable prices, with buyers taking advantage of India’s continued absence in the market.
News ID: 5249 Publish Date : 2019/07/17
In recent conversation with industry participants SteelMint learned that steel mills in Bangladesh have turned active for bulk bookings. It is learnt that 2 bulk cargos for ferrous scrap were booked recently from USA and Japan, to Bangladesh
News ID: 5240 Publish Date : 2019/07/17