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
SteelMint 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. Steelmakers 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
SteelMint 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
During the trade fair METEC in Dusseldorf, the steel producer Gerdau and the full-line supplier of metallurgical plant solutions Primetals Technologies signed a strategic partnership for their digitalization journey.
News ID: 5766 Publish Date : 2019/08/05
Iranian steelmakers cast 5.27 million tons of steel products during the first three months of current Iranian year (March 21-June 21), which marks 15.6 percent of growth compared to corresponding figure of last year which was 4.56 million tons.
News ID: 5755 Publish Date : 2019/08/05
Iran’s exports of steel products rose 20 percent during the first quarter of current Iranian calendar year (March 21-June 21) compared to the first quarter of the previous year, the public relations department of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced on Monday.
News ID: 5748 Publish Date : 2019/08/05
Domestic plate prices have remained stable this week after witnessing continuous correction over seasonal slowdown with onset of monsoon season and thin trades happening in domestic market.
News ID: 5730 Publish Date : 2019/08/05
SteelMint learned from industry participants that Turkish imported scrap market has maintained silence so far this week with no fresh deal being reported in the market. Standoff situation between steelmakers and supplier yards extended further as a few steelmakers postponed their remaining August shipment bookings temporarily.
News ID: 5729 Publish Date : 2019/08/05
This is 4th bulk scrap import vessel to India for the month of July.
News ID: 5724 Publish Date : 2019/08/05
