Chinese finished steel exports fell by 10% to 4.782 MnT in Oct'19 as compared with 5.33 MnT in Sep' 19, recent custom data shows. Price competitiveness from Indian & Russian mills kept interest for Chinese steel products low.
News ID: 7414 Publish Date : 2019/11/08
The Andhra Pradesh government and state owned mining major NMDC will soon sign an MoU for supply of iron ore, a critical raw material, for the proposed Kadapa steel plant plant, foundation for which is planned to be laid next month.
News ID: 7410 Publish Date : 2019/11/08
Iranian President Hassan Rouhani officially opened Baft Steel mill with a production capacity of over 1.5 million tons a year, in a bid to further raise the country’s metals industry and tap into its vast reserves of metals and minerals.
News ID: 7399 Publish Date : 2019/11/12
China set winter pollution cuts of 2-3pc for east and central China today, raising ferrous price outlooks from expected steel supply cuts.
News ID: 7379 Publish Date : 2019/11/12
Chinese private-sector steel producer Jiangsu Shagang increased its rebar ex-works prices by 60 yuan/t ($9/t) for mid-November deliveries, as rebar inventories extended their falls into November to support spot prices.
News ID: 7356 Publish Date : 2019/11/11
Nepal’s billet imports fell by 24% M-o-M to 53,122 MT in Oct’19 against 70,390 MT in Sept’19. Entire import volumes were recorded from India.
News ID: 7353 Publish Date : 2019/11/05
As per the SEAISI (South East Asia Iron and Steel Institute) data, ASEAN six countries that includes Indonesia, Thailand, Malaysia, Singapore, Philippines, and Vietnam, finished steel imports in H1 2019 have been recorded at 25 MnT, registering a growth rate of 5.6% against the growth of 2.8% in H1 2018.
News ID: 7352 Publish Date : 2019/11/05
India's domestic pellet market mostly stable on weekly basis except Ex-Bellary based pellet assessment decreased marginally to INR 6,100-6,200/MT this week against last week at INR 6,100-6,300/MT.
News ID: 7348 Publish Date : 2019/11/05
German steel producer ThyssenKrupp said it is not planning to idle any blast furnaces
News ID: 7319 Publish Date : 2019/11/08
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), SteelMint 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
SteelMint 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, SteelMint 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
