Steel

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Steel Mint learned in recent reports that the uncertainty in global scrap prices and slowing down of finished steel demand in the domestic market has turned sentiments mixed in Taiwan this week.
News ID: 5480    Publish Date : 2019/07/25

Steel Authority of India Limited (SAIL), recently conducted auction from its Central India based Bhilai Steel Plant (BSP) for defective steel products on 13th Jul'19. Out of 42,602.48 MT steel put up for auction, only 10,093 MT (24%) material was sold out despite reduce base price by INR 700-1,000/MT (USD 10-15) as against last auction.
News ID: 5468    Publish Date : 2019/07/25

Danieli Centro Maskin HiGrind technology guarantees the strictest tolerances and best surface quality
News ID: 5457    Publish Date : 2019/07/25

Steel Dynamics, Inc. has awarded SMS group an order covering the supply of a complete steel production line for its Sinton location in the state of Texas.
News ID: 5456    Publish Date : 2019/07/25

UK general steel stockholder John Parker & Son said in a note to suppliers that it has filed a 'Notice of Intention to Appoint Administrators'.
News ID: 5451    Publish Date : 2019/07/24

Imports of steel products into the US fell in June because of declines in imports of semi-finished, hot-rolled coil (HRC) and hot-dipped galvanized (HDG) products.
News ID: 5450    Publish Date : 2019/07/24

Jingtang and Caofeidian ports in north China's Tangshan steel production hub have prevented trucks not meeting stricter fuel emissions standards from transporting goods over 22-29 July, adding to supply disruptions.
News ID: 5438    Publish Date : 2019/07/23

South Korea billet exports in Q2CY’19- South Korea’s billet exports remained stable on quarterly basis at 0.1 MnT since last two quarters in CY19.
News ID: 5351    Publish Date : 2019/07/20

The US subsidiary of Swedish steelmaker SSAB expects steel shipments in the third quarter to remain at similar levels as the prior three months.
News ID: 5348    Publish Date : 2019/07/20

Ma’anshan Iron & Steel Co., Ltd. (Masteel) in China has been investing in upgrading production facilities and has now awarded Fives a turnkey contract to revamp a continuous galvanizing line (CGL) to produce new quality coated products.
News ID: 5340    Publish Date : 2019/07/20

SAIL ( Steel Authority of India Limited) conducted auction for around 6,550 MT steel grade pig iron today from its Rourkela Steel plant (eastern India). The auction received weak response as only 17% material have been sold out amid unchanged base price.
News ID: 5299    Publish Date : 2019/07/18

Vietnam’s domestic steel producer - Formosa Ha Tinh has today announced its monthly revision in its steel prices. The company has raised its HRC offers sharply by USD 25/MT for Sept shipments.
News ID: 5298    Publish Date : 2019/07/18

Indian govt has issued preliminary findings in its initiated investigation of anti-dumping on the imports of Aluminum and Zinc coated flat products originating in or exported from China PR, Vietnam and Korea RP.
News ID: 5245    Publish Date : 2019/07/17

Iran’s Industrial Development and Renovation Organization (IDRO) has signed a memorandum of understanding (MoU) with a consortium of seven domestic companies for setting up of a steel unit with 10 MnT of capacity in Persian Gulf Mining and Metal Industries Special Economic Zone (PGSEZ) in the southern province of Hormozgan.
News ID: 5143    Publish Date : 2019/07/13

Iran’s Industrial Development and Renovation Organization (IDRO) signed a memorandum of understanding with a consortium of seven domestic companies on production of 10 million tons of steel in Persian Gulf Mining and Metal Industries Special Economic Zone (PGSEZ) in the southern province of Hormozgan.
News ID: 5127    Publish Date : 2019/07/12

As per recent data released by Joint Plant Committee (JPC), India's finish long steel production moved up by 7.12% in May’19.
News ID: 5039    Publish Date : 2019/07/06

Chinese steel giant, Baowu Steel is expected to see its annual steel capacity to reach 100 MnT by the end of next year, Chen Derong, chairman of the steel giant said at the second round of equity financing conference of Baowu’s steel trading e-commerce platform held on 28 Jun’19.
News ID: 5016    Publish Date : 2019/07/04

According to bulk vessel line up data compiled by Steel Mint, Bangladesh has observed an increase in bulk imports of raw materials like coal and steel scrap, semi-finish products like HBI and Pig Iron while finished products like steel coil in FY19 (Jul’18-Jun’19) as compared to the earlier fiscal.
News ID: 5014    Publish Date : 2019/07/04

Pakistan's local currency - PKR remained volatile against USD over the last one week, keeping domestic steel sentiments uncertain but local steel prices shot up on increased input cost and inclusion of 17% FED with the beginning of the new financial year from July 1st.
News ID: 5010    Publish Date : 2019/07/04

Availability of right quality of scrap, in adequate quantity, is one of the critical factors for future growth for both EAF/IF sector. Keeping this objective in view and in order to develop a globally competitive steel industry by adopting state of art environment-friendly technologies, Ministry of Steel has prepared a draft steel scrap policy envisaging a framework to facilitate and promote the establishment of ferrous scrap/steel scrapping centers in India. All stakeholders are requested to submit comments latest by 14th Jul'19.
News ID: 5007    Publish Date : 2019/07/03

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