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, SteelMint 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, SteelMint 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
Steelmaker 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
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
