Steel

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Dutch design studio Vripack and US builder Nordhavn have reportedly unveiled the concept of their first metal superyacht Nordhavn 148 at this year's Fort Lauderdale International Boat Show.
News ID: 7234    Publish Date : 2019/11/05

A Chinese scrap association is lobbying the government to end a ban on ferrous scrap imports to help relieve a domestic shortage and lower steel mills' costs.
News ID: 7224    Publish Date : 2019/11/05

This week Chinese steel makers kept domestic steel prices largely stable over competitive offers in the overseas market. This week iron ore prices moved up towards the weekend. Coking coal offers remained largely stable. Nation’s HRC export offers witnessed a decline despite an uptick in domestic prices. However, rebar export offers remain range-bound.
News ID: 7107    Publish Date : 2019/10/26

Steel Authority of India Ltd (SAIL) has kept pig iron (steel grade) offers firm for remaining Oct'19, Steel Mint learned from sources.
News ID: 7106    Publish Date : 2019/10/26

China’s semi-finished steel surged in Sep’19 amid scrap ban. On 1st Jul'19, China's Ministry restricted imports of scrap with importers requiring proper permits.
News ID: 7088    Publish Date : 2019/10/24

Iran is estimated to surpass a target of $9 billion worth of steel exports set for the end of the current local calendar year on March 21, 2020 by more than 30%, Deputy Industries Minister Jafar Serqini said, adding that the country has already exported $6 billion worth of the metal in the first half, despite all bans imposed by the US.
News ID: 7085    Publish Date : 2019/11/01

Integrated steelmaker US Steel said it will prioritize buying the remaining shares of electric arc furnace (EAF) steelmaker Big River Steel , a day after its initial 49.9pc stake purchase closed.
News ID: 7063    Publish Date : 2019/11/01

As per the latest updates, Trump government have reduced tariffs on steel imports coming from Turkey to 25% which was increased to 50% almost a week earlier. The government has removed all the other economic sanctions on Turkey on the grounds that the five days ceasefire in Syria had been successful and will remain permanent.
News ID: 7054    Publish Date : 2019/10/23

With China becoming a key hub of Graphite electrodes over past two years, the demand for its key raw material – needle coke also increased. Few years back, before the hype around GE industry happened, needle coke was not of major interest to the steel industry participants. However, tables turned and in time span of two years, China added to its needle coke capacity, 550,000 tonnes in 2018 and 510,000 tonnes in 2019 (making its total capacity 1.06 MnT), thus leading to its increased supplies in the domestic market.
News ID: 7053    Publish Date : 2019/10/23

This week Iranian billet export market reported trade active. A deal of quantity 40,000 MT billet was reported to conclude to SE Asia from the country. The deal was reported to have concluded at USD 347/MT, FoB Iran and the shipment is schedule for mid December.
News ID: 7052    Publish Date : 2019/10/23

Three additional US steelmakers raised sheet prices by $40/st over the last day, mirroring an initial increase by ArcelorMittal yesterday.
News ID: 7000    Publish Date : 2019/10/25

Bank of China subsidiary BOCI has completed its first trade on the LME's fob China hot-rolled coil (HRC) contract on behalf of a client.
News ID: 6999    Publish Date : 2019/10/25

OP Jindal Industrial Park located at Punjipathra, Raigarh, Central India, is likely to cut power supply to the Raigarh based industries from 19th Oct’19 to 31st Oct’19, as reported by steel manufacturers to Steel Mint.
News ID: 6988    Publish Date : 2019/10/16

India's construction and real estate sectors might see increased activity in the coming months, which could lift steel demand, although a broader economic slowdown might cap gains in sales volumes and prices.
News ID: 6960    Publish Date : 2019/10/24

As per the data recently released by Chinese Customs, the nation's finished steel exports witnessed a decline of 8% to 15.9 MnT in Q3 CY'19 which was 17.37 MnT in the previous quarter.
News ID: 6939    Publish Date : 2019/10/14

The recession in global as well domestic steel demand seems to have taken a toll on Indian graphite electrodes prices also. The domestic GE prices have seen a further sharp correction of 20% M-o-M basis this month.
News ID: 6934    Publish Date : 2019/10/14

The premium for domestic cold-rolled coil (CRC) prices to hot-rolled coil (HRC) in China has been expanding since July, with HRC prices falling sharply and CRC prices holding stable.
News ID: 6894    Publish Date : 2019/10/23

British Steel 's official receiver (OR) today said that Turkish pension fund Ataer Group's period of exclusivity to carry out due diligence on UK steelmaker British Steel was coming to an end.
News ID: 6886    Publish Date : 2019/10/23

Steel producer Universal Stainless' third quarter shipments fell from a year earlier amid production downtime and delays that led to 2mn lbs, or $6mn, less sales.
News ID: 6882    Publish Date : 2019/10/23

US president Donald Trump today reduced by half the steel tariffs on Turkey, to 25pc, after saying that the five-day ceasefire in northern Syria had held "very well."
News ID: 6875    Publish Date : 2019/10/23

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