Steel

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As per the recent data released by customs Indian flat steel imports stood at 0.5 MnT in Apr’19 drop by 11% against 0.56 MnT in Jan’19.
News ID: 4550    Publish Date : 2019/05/16

Global scrap prices witnessed an overall downward trend this week. Turkey-based importers turned active towards week close pulling prices down.
News ID: 4538    Publish Date : 2019/05/16

This week Chinese steel market started with optimistic market sentiments along with higher steel prices post May day holidays. However towards the end of weekend prices started tumbling as the USA govt announced increase to 25% from 10% on $200 billion worth of Chinese imports.
News ID: 4536    Publish Date : 2019/05/16

Tata Steel Europe and Thyssenkrupp AG, a German multinational had signed an equal joint venture agreement in June last year to combine their steel business which had made it the region’s second-biggest steelmaker, first being ArcelorMittal.
News ID: 4531    Publish Date : 2019/05/15

Indian Billet prices slightly fluctuated by INR 100-300/MT on average trade inquiries amid less clarity in market directions whether the prevailing price range will sustain or may report sharp change in coming days.
News ID: 4530    Publish Date : 2019/05/15

Jindal Steel and Power Ltd (JSPL) in recent press release reported that, it has bagged a INR 665 crore order from Rail Vikas Nigam Ltd (RVNL) to supply 89,042 MT of rails.
News ID: 4526    Publish Date : 2019/05/14

As per latest data released by Chinese customs, nation’s finished steel exports in Apr’19 stood at 6.33 MnT, unchanged as compared to previous month.
News ID: 4519    Publish Date : 2019/05/14

Indian Ferro Chrome prices fell again for consecutively five weeks in line with lacklustre stainless steel demand, prompting Stainless Steel producers to reduce production, and thereby adversely affecting demand for Ferro Chrome.
News ID: 4516    Publish Date : 2019/05/14

Indian Steel prices further drop owing to limited trade activities, as reported by participants. The prices on daily assessment fell by INR 100-600/MT through the mid sized mills.
News ID: 4507    Publish Date : 2019/05/14

Steel Mint learned from the updates that South Korean leading EAF steelmaker- Hyundai Steel has recently booked two more bulk ferrous scrap cargoes from the US.
News ID: 4506    Publish Date : 2019/05/14

This week global billet market observed limited trades amid ongoing holidays in major countries. The market remained abuzz with news of US sanctions announcement on oil purchasing from Iran.
News ID: 4494    Publish Date : 2019/05/10

Indian domestic steel trade activities were subdued during the week-18 (27th Apr to 04th May) as prices remained volatile amid average supply-movement.
News ID: 4493    Publish Date : 2019/05/10

Global scrap prices exhibited downward movement on low demand this week. Turkey-based importers witnessed limited deals amid expectation of a further correction and subdued finish steel demand.
News ID: 4492    Publish Date : 2019/05/10

This week Chinese steel market reported rebound in its steel prices as buyers in China were restocking the material amid May Day holiday. However nation’s export offers witnessed decline over subdued trades.
News ID: 4491    Publish Date : 2019/05/10

Steel Mint learned from industry participants that steel mills in South Asia, especially in Bangladesh and India, have turned active for bulk scrap cargo bookings.
News ID: 4485    Publish Date : 2019/05/10

State-owned pellet maker - Kudremukh Iron Ore Company Ltd (KIOCL)has signed a tripartite MoU with Emirates Steel , Abu Dhabi, and Star Global, Dubai for sale of high-grade pellets to Emirates Steel .
News ID: 4476    Publish Date : 2019/05/09

Steel Authority of India Ltd (SAIL) - India's govt. owned steel maker has received better response in today's auction for 7,850 MT steel grade pig iron from its Rourkela Steel plant (RSP) located in eastern India.
News ID: 4474    Publish Date : 2019/05/09

Indian steel prices slightly fell on limited trade inquiries with less clarity in market directions whether the current price range will sustain or see major change in coming days.
News ID: 4464    Publish Date : 2019/05/09

Indian Silico Manganese prices are down by INR 500/MT in the domestic market amid moderate demand. Due to bearish steel market conditions the demand is maintaining at its lower levels
News ID: 4451    Publish Date : 2019/05/07

Indian domestic steel trade activities was not up to the mark during the week-17 (20-27th Apr'19). Meanwhile supply remains on average basis of Semis products, this in turn volatility in Sponge iron & Billet prices by INR 200-700/MT in major markets.
News ID: 4446    Publish Date : 2019/05/07

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