India's steel demand is forecast by some domestic analysts to grow at a slower pace of 5-6pc in the 2019-20 fiscal year ending 31 March compared with 7.5pc growth in 2018-19.
News ID: 7751 Publish Date : 2019/12/04
China's largest steel-producing city of Tangshan has announced an output restriction policy for December, which indicates steel and sintering curbs may be looser this winter than in previous years. This could pressure steel prices by keeping output near current high levels.
News ID: 7695 Publish Date : 2019/12/02
China's steel sector purchasing managers' index (PMI) rose on the month in November to 45.4 on an increase in output and demand, but a score below 50 indicated that the sector was still in contraction.
News ID: 7694 Publish Date : 2019/12/02
Steel Authority of India Ltd (SAIL) - a govt. owned steel producer conducted auction for around 6,100 MT steel grade pig iron today from its Rourkela Steel plant (eastern India). The auction received weak response as entire offered quantity remained unsold.
News ID: 7657 Publish Date : 2019/11/18
A senior industrial official said that Iran is planning to produce 28 million tons of steel in the coming months despite the unilateral sanctions re-imposed by the US on the country.
News ID: 7652 Publish Date : 2019/12/01
During the company’s Capital Markets Day in London on Friday, Magnitogorsk Iron & Steel PJSC, (MMK) Russia’s oldest steelmaker, told analysts, investors and press that its strategy is focused on sustainable development principles which “reflect a balance between improvement in operational and financial performance and social responsibility, along with environmental protection.”
News ID: 7642 Publish Date : 2019/11/15
Japan's ferrous scrap exports fell marginally in January-September, as increased shipments to south and southeast Asia were unable to offset declines in exports to China and South Korea.
News ID: 7616 Publish Date : 2019/11/29
Rashtriya Ispat Nigam Limited (RINL), a state owned steel maker under the Ministry of Steel, has invited two bloom export tenders of size; 200*200 and 150mm and quantity 20,000 MT and 30,000 MT respectively.
News ID: 7605 Publish Date : 2019/11/16
TATA Metaliks has raised basic (steel) grade pig iron price by INR 500/MT (USD 7), this week amid better demand.
News ID: 7599 Publish Date : 2019/11/16
China's steel sector profits have rebounded over the past month on the back of supply disruptions at northern ports and robust demand from the construction sector.
News ID: 7572 Publish Date : 2019/11/27
India's Jindal Power and Steel (JSPL) aims to raise its crude steel output to 8.5mn t during the 2020-21 fiscal year ending 31 March on expectations of increased demand from infrastructure projects.
News ID: 7571 Publish Date : 2019/11/27
Drakewood Capital Management has traded the LME's China steel coil export contract, in the first reported trade by a hedge fund since the contract launched in March.
News ID: 7511 Publish Date : 2019/11/22
Major coal producers in China have pushed back against buyers' demands for price cuts next year, opting instead to keep prices unchanged in provisional 2020 contracts.
News ID: 7510 Publish Date : 2019/11/22
UK-based steelmaker Liberty Steel is looking to reduce costs at its speciality steels business in Yorkshire, market sources told Argus.
News ID: 7465 Publish Date : 2019/11/14
China's crude steel output in October slipped to its lowest level since March at 81.52mn t, as narrowing profit margins slowed production slightly.
News ID: 7463 Publish Date : 2019/11/14
India's coated steel prices remained flat this week, as demand stayed slow after the festive season ended in October.
News ID: 7462 Publish Date : 2019/11/14
Seaborne floating premiums for PB fines have halved since early October, pressured lower by weakness in China's portside markets.
News ID: 7461 Publish Date : 2019/11/14
Indian coking coal imports moving through 12 key state-controlled ports during April-October have contracted amid weakness in the steel sector.
News ID: 7428 Publish Date : 2019/11/13
Steel Authority of India Ltd (SAIL) - a govt. owned steel producer conducted auction for around 4,100 MT steel grade pig iron today from its Rourkela Steel plant (eastern India). The auction received good response with around 80% of the material offered got booked at base price.
News ID: 7420 Publish Date : 2019/11/11
According to General Administration of Customs, China - the world's largest iron ore consumer and importer recorded iron ore and pellet imports at 92.86 MnT in Oct’19. The imports witnessed 7% fall on monthly basis compared to 99.36 MnT in Sep’19. The decline in imports is attributed to falling demand amid increased production curbs and shrinking steel margins.
News ID: 7415 Publish Date : 2019/11/08
