Steel

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Sharp currency depreciation has resulted in a sharp hike in domestic steel prices. However, following the global downturn, imported scrap prices in Pakistan are hovering at around 5-6 months low.
News ID: 4856    Publish Date : 2019/06/20

As per the recent data released by customs, Indian flat steel imports stood at 0.5 MnT in May’19 remained stable against previous month.
News ID: 4852    Publish Date : 2019/06/20

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 (15th June'19)
News ID: 4833    Publish Date : 2019/06/16

Turkey's Finish Steel exports down by around 14% M-o-M in Apr'19, as per fresh released data by custom department.
News ID: 4823    Publish Date : 2019/06/15

As per the latest updates, Russia’s only needle coke manufacturer, Gazprom Neft Omsk Refinery has finally produced and supplied its first batch of needle coke to the domestic manufacturers.
News ID: 4820    Publish Date : 2019/06/15

South Korean leading EAF steelmaker, Hyundai Steel has reportedly lowered the bids for Japanese scrap purchase by JPY 1,000/MT (USD 9) today.
News ID: 4818    Publish Date : 2019/06/14

Aimed at restricting imports through yet another non-tariff measure, the steel ministry has solicited introduction of port of entry restrictions for scrap and second hand or defective steels.
News ID: 4817    Publish Date : 2019/06/14

Amid the increased graphite electrodes supplies from China and subsequent fall in global GE prices, Japan’s key electrodes manufacturer, Showa Denko has decided to improve its Carbon division’s production facilities in Europe with a planned investment of 5 billion yen.
News ID: 4815    Publish Date : 2019/06/14

Steel Mint learned in recent conversations with industry participants that Pakistan’s government has declared its fiscal year 2020 budget yesterday.
News ID: 4813    Publish Date : 2019/06/14

In conversation with market participants, Steel Mint learned that imported scrap offers to Bangladesh have weakened on account of further softening of prices at the global level.
News ID: 4812    Publish Date : 2019/06/14

According to latest data released by Chinese customs, nation’s finished steel exports in May’19 stood at 5.74 MnT, declined by 9% over 6.33 MnT in Apr’19.
News ID: 4810    Publish Date : 2019/06/11

China’s Heilongjiang Changsheng Carbon Co. Ltd., located in Sahngzi city of Heilongjiang province has once again started the production of graphite electrodes after the closure for almost seven years. The factory formerly known as Luohe Carbon Plant was closed down in the year 2012 amid poor market demand.
News ID: 4805    Publish Date : 2019/06/11

Global ferrous scrap markets witnessed downtrend on poor demand this week. Turkish steelmakers remained away from trading activities on public holidays. South Asian market showed little activity with India witnessing limited deals at lowered prices while Pakistan and Bangladesh remaining silent on Eid Holidays.
News ID: 4804    Publish Date : 2019/06/11

Indian Steel market remained on down trend during the Week-23 (1st to 8th Jun’19) as the prices dipped owing to lack of domestic & export inquiries. Meanwhile supply of across all products was healthier, while demand lessened in across region.
News ID: 4803    Publish Date : 2019/06/11

This week Chinese steel prices reported continual decline and witnessed significant fall amid pessimistic market sentiments and dull outlook prevailing in domestic market. Also volatile futures lead to further fall in steel prices in China.
News ID: 4801    Publish Date : 2019/06/11

Iran’s domestic coal consumption revolves around 2 million tons per year, 1.5 million tons of which are supplied by domestic production while the remaining 500,000 tons are imported.
News ID: 4785    Publish Date : 2019/06/09

This week domestic HRC prices remained steady on the backdrop of limited trade activities and lackluster demand prevailing in domestic market.
News ID: 4774    Publish Date : 2019/06/09

Indian secondary rebar demand remained subdued across region with limited buying interest from traders & retailers amid higher inventory levels seen from major supplying regions as price level reduced by INR 400-800/MT across regions.
News ID: 4773    Publish Date : 2019/06/09

South Korean steel giants POSCO and Hyundai Steel are facing crisis as the municipal administrations have ordered to shut down the operations of blast furnace for 10 days as the mills are emitting air pollutants illegally and operating blast furnace without anti pollution equipment.
News ID: 4770    Publish Date : 2019/06/07

The new steel minister Dharmendra Pradhan has his task cut out. Right from reining in the rising trend of imports to ensuring uninterrupted supply of iron ore and bank credit to the industry for capacity addition, the new minister will have a tough time in office, at least in the short to medium term.
News ID: 4769    Publish Date : 2019/06/07

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