Steel

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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

India is considering easing environmental approvals for mines due for auctions by March, according to people familiar with the matter, a move that may potentially limit any disruption in iron-ore supplies.
News ID: 6499    Publish Date : 2019/10/05

Indian Silico Manganese prices fell in both the domestic and export market for the eighth straight week. In the domestic market, buyers are negotiating for lower prices but producers are trying to hold on after having had to continuously lower their prices to significantly low levels.
News ID: 6481    Publish Date : 2019/09/23

Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has slashed its price for procurement all grades of domestic steel scrap by RMB 40/MT (USD 6) effective from today 20th September’19.
News ID: 6474    Publish Date : 2019/09/20

Formosa Ha Tinh Corporation (FHS), Vietnam’s largest steel manufacturer of the country has slashed its billet offers for shipments scheduled by Oct’19. The price offered for billet by the company is reported to be USD 420/MT, CIF North, down USD 35/MT against last month and that to for South is reported to be USD 425/MT, CIF, down from USD 460, CIF against last month.
News ID: 6468    Publish Date : 2019/09/13

China’s major steelmaker Baosteel is planning to invest in a new production line for the non-oriented silicon steel manufacturing base in its Baoshan province over increased demand for higher-end products used in energy vehicles.
News ID: 6463    Publish Date : 2019/09/12

Mid sized mills have raised export offers to Nepal following hike in Indian domestic prices. However demand remained subdued on account of weak steel demand in local market of Nepal as well and equivalent landed cost of mid size & large scale mills steel.
News ID: 6457    Publish Date : 2019/09/12

Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced a price hike for all grades of domestic steel scrap procurement by RMB 80/MT (USD 11 ) effective from today 10th September’19.
News ID: 6447    Publish Date : 2019/09/10

Indian steel mills export aggressively as domestic sales remain slow- Market sources shared with Steel Mint that Indian steelmakers booked around 50,000 MT of HRC with Vietnam at around USD 455-460/MT CFR Vietnam for Oct deliveries. Last week the offers was assessed around USD 460-465/MT CFR basis. Thus decline of USD 5-10/MT could be seen in recent deals concluded.
News ID: 6443    Publish Date : 2019/09/10

Weakening trades, higher inventories and falling steel prices compelled Indian steel mills to actively export HRC to global market
News ID: 6437    Publish Date : 2019/09/09

As per the market sources, Chinese steel makers have scaled back their operations for the ongoing month of September due to scrap shortage, high costs and lower steel prices that have kept the manufacturers on the verge of losses.Chinese steel producers have increased scrap input in the BOF to meet stringent pollutant emissions standards.
News ID: 6436    Publish Date : 2019/09/09

For the first time in over 50 years of cooperation, Primetals Technologies and Tata Steel Europe have commissioned a Level 2 system for a continuous caster completely online.
News ID: 6434    Publish Date : 2019/09/20

Třinecké Železárny ordered the Danieli Automation 3Q LPC model to estimate casting product temperatures for two continuous casting machines at its operation in the Czech Republic.
News ID: 6423    Publish Date : 2019/09/30

Steel Authority of India Ltd (SAIL) has reduced pig iron (steel grade ) offers by INR 400/MT ($ 6) from its Bhilai Steel Plant (BSP), Steel Mint learned from market sources.
News ID: 6415    Publish Date : 2019/09/07

According to Iranian Mines & Mining Industries Development & Renovation (IMIDRO), the Iranian government planned to impose a 25% tariff on iron ore exports from 1st Oct’19. The policy of tariffs is mostly to avoid exporting raw iron ore, creating more additional value, and meet the requirements from domestic steel industries.
News ID: 6411    Publish Date : 2019/09/06

The wait is finally over for JSW Steel to acquire Bhushan Power and Steel Ltd (BPSL) as NCLT (National Company Law Tribunal) has finally given a go-ahead to the former’s bid of INR 19,700 crore for BPSL.
News ID: 6387    Publish Date : 2019/09/05

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