Steel

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US steel service center Olympic Steel expects its fourth quarter shipments will fall lower than the prior year.
News ID: 7313    Publish Date : 2019/11/08

Steel Authority of India Ltd (SAIL) has received decent response for its 13,000 MT steel grade pig iron offer floated on 25th Oct'19 for sale from Bhilai Steel Plant(BSP), Steel Mint learnt from trade participants. Nearly 10,000 MT pig iron was learned to have booked at base price, shared company official.
News ID: 7307    Publish Date : 2019/10/31

Steel Mint learnt from market participants that the bulk market in South East Asia turned active amid recent bookings reported. Earlier this week, a prominent steel manufacturer in Thailand has booked a bulk scrap vessel from a major Scrap Cargobased recycler.
News ID: 7306    Publish Date : 2019/10/31

On 30 Oct, the Tangshan government issued has issued a notification stating that it has decided to re-initiate the grade II emergency response as part of its efforts to contain heavy polluting weather that is anticipated to occur from 1 Nov'19 due to worsened particulate dispersion conditions. This measure will be effective from 31 Oct'19 and lifting time will be notified at time deemed suitable.
News ID: 7298    Publish Date : 2019/10/31

Turkish steel consumption continues to lag significantly behind 2018, with exports also at risk of slowing significantly in the near term as protectionist measures bite, Turkish iron and steel producers' association secretary-general Veysel Yayan said today at an industry event in Istanbul.
News ID: 7286    Publish Date : 2019/11/06

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

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