Steel

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SAIL ( Steel Authority of India Limited) conducted auction for around 2,400 MT steel grade pig iron today from its Rourkela Steel plant (eastern India). The auction received average response as close to 60% was sold out at the base price.
News ID: 6071    Publish Date : 2019/08/20

The country’s finished steel output booked a Y-o-Y growth of 9% during the first four months of the current Persian year March 21-July 22). The country produced a total of 4.12 MnT of finished steel products, including hot- and cold-rolled coils, rebar, beams, pipes, wide and galvanized sheets, Iranian Mines and Mining Industries Development and Renovation Organization’s reported.
News ID: 6070    Publish Date : 2019/08/20

China's apparent consumption of crude steel over January-July rose 8.9% on year to 526.76 million mt and will be robust enough to absorb the surge in domestic steel production this year, according to S&P Global Platts estimates.
News ID: 6053    Publish Date : 2019/08/19

Neelachal Ispat Nigam Ltd (NINL), a public sector steel entity and largest merchant supplier of steel-grade pig iron in India likely to shut down its 700,000 MTPA Coke oven plant on financial crisis, Steel Mint learned from market participants.
News ID: 6047    Publish Date : 2019/08/19

SAIL- govt owned major Indian steelmaker had announced Q1FY20 and its earning conference call was organised today. The major highlights are as follows-
News ID: 6030    Publish Date : 2019/08/18

Turkey, the world’s largest ferrous scrap importer, has observed increase in imports of ferrous scrap, Iron ore, Semi finish & Finish products in Q2’19 on a quarterly basis, as per recent data released by the customs department. The country's crude steel production recorded at 16.99 MnT in H1’19, down 10% as against 18.86 MnT in H1’18.
News ID: 5998    Publish Date : 2019/08/17

Indian steel prices rallied today following rumours in the market saying that Indian government has imposed safeguard duty on temporary basis by 20-25% on imported flat steel. However no official confirmation or official circular was received till the time of publication this report.
News ID: 5997    Publish Date : 2019/08/17

Global ferrous scrap prices observe softening in almost all major markets on weak demand this week except East Asia. Turkey steelmakers booked a single cargo, however, Japanese scrap prices observe marginal correction in the monthly Kanto monthly export tender. Chinese scrap prices lowered successively on sharp fall in Iron ore prices with three price cuts announced for domestic scrap purchase by Shagang Steel .
News ID: 5991    Publish Date : 2019/08/17

This week Chinese steel prices reported significant decline owing to volatile futures amid intensifying US-China trade tensions and pessimistic market sentiments both in domestic and overseas market.
News ID: 5990    Publish Date : 2019/08/17

One of the few remaining bulwarks propping up the US coal industry is languishing.
News ID: 5984    Publish Date : 2019/08/16

Eastern China’s largest private ferrous scrap consumer and EAF steelmaker – Shagang Jiangsu Steel group has announced another price cut for all grades of domestic steel scrap procurement by RMB 30/MT (USD 4) effective from today 8th Aug’19. Notably, this is the second successive price lowering announced this week.
News ID: 5974    Publish Date : 2019/08/16

Trade sources based in Vietnam shared that few deals of positioned cargoes of major Indian steel mills were reported for Vietnam for Aug -Sep shipments.
News ID: 5968    Publish Date : 2019/08/16

Steel Mint learned from sources that Taiwan’s domestic scrap and rebar prices have remained flat for the fifth consecutive week amid limited domestic finish steel demand. Steel makers anticipate imported scrap prices to remain under pressure on weak sentiments globally amid ongoing Eid holidays keeping domestic scrap & rebar prices unchanged in Taiwan.
News ID: 5925    Publish Date : 2019/08/15

In brief: Exports of Iranian iron ore have remained steady in the face of escalating tensions in the Mideast Gulf and there are few signs that China, which receives about 95pc of these volumes, will fall in line with US government sanctions.
News ID: 5919    Publish Date : 2019/08/15

Rashtriya Ispat Nigam Limited (RINL)- state owned steel maker under the Ministry of Steel , has invited a tender for export of 10,000 MT Wire Rod 20,000 MT Bloom, 10,000 MT Cast Round and 20,000 MT Billets.
News ID: 5856    Publish Date : 2019/08/08

India's domestic hot-rolled coil (HRC) prices dropped further this week with weaker demand as monsoon rains and liquidity concerns prevailed.
News ID: 5851    Publish Date : 2019/08/08

Steel Mint in conversation with market sources learned that major Indian steelmakers have rolled over HRC, CRC prices in Aug’19. However market sources are eyeing for announcement of rebates and discounts owing to thin trades and sluggish demand experienced in domestic market.
News ID: 5829    Publish Date : 2019/08/07

Indian Silico Manganese Prices drifted towards the lower side in the market. Producers are reducing their prices continuously to attract buyers. An Indian Producer said, “The market continues to operate in a downtrend and the demand is low as the Steel market is down’.
News ID: 5826    Publish Date : 2019/08/07

India's coated steel prices fell this week, as monsoon rains slowed construction activity.
News ID: 5821    Publish Date : 2019/08/07

China Steel Corporation (CSC), Taiwan, has awarded SMS group the contract to supply three 160-ton converters for its No. 1 steel making plant in Kaohsiung, Taiwan. The aim of the upgrade is to improve the availability of the converters and reduce the need for maintenance.
News ID: 5814    Publish Date : 2019/08/07

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