Steel

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Iran exported 584,000 tons of steel products during the sixth Iranian calendar month of Shahrivar (August 23-September 22), which was 60 percent more than the figure of the same month in the past year, IRIB reported on Wednesday citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
News ID: 6870    Publish Date : 2019/10/16

Steel Authority of India Ltd (SAIL) has raised pig iron (steel grade) offers by INR 100/MT from its Bhilai Steel Plant (BSP), officials confirmed Steel Mint.
News ID: 6816    Publish Date : 2019/10/08

As per the latest reports, Malaysia’s two steel giants, Ann Joo Resources Bhd (Ann Joo) and Southern Steel Bhd are proposing to form a joint- venture (JV) company to capitalise on opportunities in the long product steel manufacturing business.
News ID: 6814    Publish Date : 2019/10/08

China's steel sector profitability remained sluggish in the peak sales month of October as a slowing economy and high output rates pressured product prices.
News ID: 6798    Publish Date : 2019/10/21

Steel Mint in conversation with industry participants learned that major Indian steel manufacturers have kept HRC, CRC prices unchanged for the month of Oct’19 amid slow off take in domestic steel market. Also with the upcoming festive holidays this month domestic HRC prices will continue to remain under pressure in Oct’19.
News ID: 6794    Publish Date : 2019/10/05

The brand new, 14-m five-strand bloom caster was started successfully after less than 13 months from the contract signature. A joint effort of Valin and Danieli site teams made possible machine erection in just 38 days, limiting the cold tests to just 11 days.
News ID: 6783    Publish Date : 2019/10/10

Pollution cuts slowed China's September crude steel output but were not enough to erase gains from a year ago.
News ID: 6736    Publish Date : 2019/10/18

China is looking beyond current suppliers like Australia to procure raw materials in future as its steel demand continues to grow, the chief executive of the world’s No. 4 iron ore producer Fortescue Metals Group warned on Thursday.
News ID: 6732    Publish Date : 2019/10/10

Imported scrap offers to India remained more-or-less stable this week, after observing successive downtrend in prices for several weeks, Steel Mint learned from industry participants. Trades remained active in containerized as well as bulk market, with steel-mills looking to actively restock while the global market is down. With the improvement in overall sentiments, the market is expecting buying activity to rise further at buyer-friendly prices.
News ID: 6703    Publish Date : 2019/10/04

Indian steel makers offering competitive HRC export offers to Vietnam- Amid flat buying and poor demand hovering in domestic market, Indian steel makers have resorted to ease off inventories to global market. Also low priced imports from Russian steel-makers to Vietnam pushed Indian HRC export offers on lower side.
News ID: 6699    Publish Date : 2019/10/03

This week Indian HR plate prices continued to show downtrend over pessimistic sentiments amid dwindling demand hovering in domestic market. Buyers resist their purchasing activities over continuous fall in domestic steel prices.
News ID: 6698    Publish Date : 2019/10/03

Imported scrap offers to Bangladesh continued to move down for another week, as persistent lower buying bids from most major steel-mills over the week helped in pulling down the prices further, Steel Mint learnt from industry participants. Trades have remained slow in comparison to last week, with many buyers waiting for further stability in the market, however, buying is likely to pick up in the next few days at favourable prices.
News ID: 6697    Publish Date : 2019/10/03

The US administration today imposed sanctions on senior Turkish government officials and the energy ministry, and raised tariffs on imported Turkish steel products back to 50pc in response to Ankara's military incursion into northern Syria.
News ID: 6665    Publish Date : 2019/10/14

Steel maker NLMK USA's sales volumes fell in the third quarter on lower pipe and galvanized shipments.
News ID: 6659    Publish Date : 2019/10/15

According to a recent report, New York-based studio Gill Schmid has released the initial details of its latest superyacht concept, an 80 meter hybrid explorer. It is a hybrid between functional explorer and luxurious superyacht, said the studio.
News ID: 6645    Publish Date : 2019/10/13

There is talk in the European hot-dip galvanised (HDG) market about a potential loophole created by the European Commission's latest review of its definitive steel safeguard.
News ID: 6625    Publish Date : 2019/10/11

A number of aluminium companies and steelmakers along with other suppliers recently filed separate complaints against four largest railroad companies in the United States. They alleged that the railroad companies in the United States conspired to raise prices and overcharge customers billions of money for freight services over a period of five years. They did this under the guise of fuel cost recovery program.
News ID: 6614    Publish Date : 2019/10/11

Imports of Turkish and Indian strip mill products are on the agenda of European steel association Eurofer, market participants told Argus on the sidelines of Eurometal's Steel Trade Day in Rotterdam today.
News ID: 6588    Publish Date : 2019/10/09

India's eastern state of Odisha has put one of the country's largest iron ore blocks up for auction, as the state begins the process of finding new owners for several mining leases that will expire on 31 March next year.
News ID: 6584    Publish Date : 2019/10/09

Data released on Monday showed Chinese steel output rebounded in August rose 9.3% from the same month a year before to 87.3m tonnes; not far off the record set in May this year, according to the World Steel Association.
News ID: 6501    Publish Date : 2019/10/05

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