Steel

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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

Iran traded 421,341 tons of non-oil goods worth $140.41 million with Afghanistan during the first Iranian month (March 21-April 20), registering a 7.48% and 18.49% decline in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.
News ID: 4991    Publish Date : 2019/07/02

India’s state-owned pellet maker - Kudremukh Iron Ore Company Ltd (KIOCL) has signed MoU on 26th Jun’19 at METEC- 2019 at Dusseldorf, Germany with Glencore international AG and Steel Mont GMBH for the sale of pellets in European market including UK.
News ID: 4971    Publish Date : 2019/07/01

TATA Metaliks Limited (TML) - known as the largest foundry grade pig iron manufacturer in eastern India has reduced foundry pig iron prices by INR 800/MT (USD 12) on 25th Jun'19.
News ID: 4968    Publish Date : 2019/07/01

Towards end of last week, Tangshan announced steel & sintering production cuts of 20-50% until 1st Aug to curb air pollution. Against Friday's Chinese domestic billet prices went up by RMB 100 (USD 14-15/MT, yesterday)
News ID: 4964    Publish Date : 2019/07/01

As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has lowered the domestic H2 scrap purchase price further by JPY 1000/MT (USD 9) at its Tahara works, Kyushu works and Takamatsu steel centre, while it has cut price by JPY 500/MT at other 2 works, as Japanese domestic scrap prices continue to slide down. The new prices for all grades shall be effective from tomorrow (26th Jun'19).
News ID: 4962    Publish Date : 2019/07/01

Steel Authority of India - a government of India Company has invited an ocean export tender for billets. The tender quantity is reported to be 16,200 MT. The cargo will be shipped from Haldia port and shipping is scheduled by 25th Aug’19.
News ID: 4960    Publish Date : 2019/07/01

It seems that the tables have turned for global Graphite Electrode (GE) manufacturers, including Indian producers, as after enjoying price buoyancy for almost two years, prices have started falling at an unrestrained pace.
News ID: 4953    Publish Date : 2019/07/01

Indian Steel prices slump sharply during the week 25 (15-22 Jun) owing to weak demand amid strong supply. The participants reported below to average inquiries from domestic and global buyers as well, hence there was constant drop in prices.
News ID: 4893    Publish Date : 2019/06/24

Global ferrous scrap markets continued to witness downtrend in almost all the major markets with most of the buyers following a cautious approach. Sharp drop in Turkey scrap import prices kept offers in South Asian and South East Asian markets under pressure.
News ID: 4892    Publish Date : 2019/06/24

Steel Mint in conversation with its market sources learned that Vietnam based steel mill booked HRC from China for July end or early August shipments.
News ID: 4887    Publish Date : 2019/06/24

Indian Finish long steel imports increased by around 36.5% M-o-M in May’19, as per recent released custom data maintained by Steel Mint.
News ID: 4885    Publish Date : 2019/06/24

Indian pellet export prices have moved up by USD 3-4/MT this week. According to market sources report to Steel Mint, east India based pellet maker Brahmani River Pellets Ltd (BRPL) has recently concluded export deal to China for 50,000 MT pellet.
News ID: 4866    Publish Date : 2019/06/23

As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has lowered the domestic H2 scrap purchase price by JPY 500/MT (USD 5) at all five works in Japan. New prices for all grades shall be effective from tomorrow (19th Jun'19)
News ID: 4861    Publish Date : 2019/06/20

Indian HRC import prices from Japan decline in recent bookings concluded- Steel Mint recently learned from market sources that Indian based stockist have booked 20,000 MT of HRC with major steel company based in Japan at around USD 525/MT CFR basis for July shipments.
News ID: 4858    Publish Date : 2019/06/20

Indian HRC import prices from Japan decline in recent bookings concluded- Steel Mint recently learned from market sources that Indian based stockist have booked 20,000 MT of HRC with major steel company based in Japan at around USD 525/MT CFR basis for July shipments.
News ID: 4857    Publish Date : 2019/06/20

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