Steel

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This week Chinese steel prices exhibited mixed sentiments as they started the week with positive note amid higher steel prices. However later prices declined gradually on weekly basis owing to dull trading activities and weak demand in domestic market.
News ID: 4445    Publish Date : 2019/05/07

Neelachal Ispat Nigam Limited(NINL) - India's largest pig iron manufacturer & exporter has increased its steel grade pig iron prices by INR 750/MT (USD 11) following hike in offers by private mills.
News ID: 4439    Publish Date : 2019/05/07

United States, world's largest ferrous scrap exporter and one of the leading steel exporters observed rebound in ferrous scrap exports in Feb'19 however, exports of Coal, Iron Ore and finish steel products dropped on monthly premises against volume registered in Jan'19, the data provided by US customs showed.
News ID: 4437    Publish Date : 2019/05/07

Indian secondary rebar demand remains weak amid low buying interest through the traders end and increase in stock levels urged re-rollers to lower the price range.
News ID: 4433    Publish Date : 2019/05/06

In the letter dated 4th Apr’19, Ministry of Steel intends to implement Quality Control Order on 13 additional product standards.
News ID: 4429    Publish Date : 2019/05/06

The third largest exporter of pellet in the global market, Ferrexpo Plc shared that the iron ore pellet market is to witness a shortfall of about 5-10 MnT in 2019. This is due to production disruption due to Vale dam mishap of Jan'19. Besides, the Samarco pellet plant in Brazil continues to be suspended and resumption may be delayed further.
News ID: 4428    Publish Date : 2019/05/06

Jindal Steel and Power Ltd (JSPL) today informed via press released that the company has completed delivery of its first-ever rail order, which the firm had bagged from the Indian Railways in Jul'18. JSPL was to supply 97,400 tonnes of rails to the national transporter over a period of one year.
News ID: 4421    Publish Date : 2019/05/05

Taiwan, one of the leading scrap importers has observed a significant fall in scrap imports in Feb'19. The country imported 142,778 MT ferrous scrap in Feb'19, down 44% M-o-M as against 258,324 MT ferrous scrap in Jan'19, the recent customs data showed.
News ID: 4416    Publish Date : 2019/05/05

Steel Mint in conversation with market sources learned that one of the major CRC and galvanized steel producer in Bangladesh has booked HRC from Japan for May shipments.
News ID: 4412    Publish Date : 2019/05/04

Global scrap prices showed mixed trends this week. Turkey scrap prices improved on increased demand for restocking ahead Ramadan. It is likely to keep prices supported but upside seems limited.
News ID: 4405    Publish Date : 2019/05/04

This week Chinese steel prices surge in the beginning of the week and witness decline towards the weekend over fluctuating futures. Meanwhile export offers inched up on weekly basis .
News ID: 4404    Publish Date : 2019/05/04

As per new price circular released, Japan’s leading EAF steel mini-mill - Tokyo Steel has lowered the domestic scrap purchase price by further JPY 500/MT (USD 5) at all five works in Japan.
News ID: 4399    Publish Date : 2019/05/02

Indian Steel prices marginally fluctuated by INR 100-200/MT today on average demand in major markets. The trade volumes remains less today over festive mood, as reported by participants.
News ID: 4398    Publish Date : 2019/05/02

South Korea Billet export down 33% Q-o-Q in Q1 CY’19- The nation’s billet exports fell significantly by 33% in Q1 CY’19 to 0.10 MnT which was 0.15 MnT in Q4 CY’18.
News ID: 4396    Publish Date : 2019/05/02

Steel Mint in recent conversation with medium scale rebar manufacturers learned that, demand has been average in major markets.
News ID: 4380    Publish Date : 2019/04/29

As per new price circular released, Japan’s leading EAF steel mini-mill - Tokyo Steel has lowered domestic 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 (16th Apr'19).
News ID: 4377    Publish Date : 2019/04/29

Major global scrap markets observed price correction on weak demand globally. Turkish steel mills booked cargoes at lowered prices amid subdued steel demand. Japan's monthly Kanto tender for Apr'19 fetched bids lower by USD 15 against last month.
News ID: 4364    Publish Date : 2019/04/20

This week Indian HRC prices witnessed marginal increase in domestic market post recent hike by major Indian steel mills by INR 500-1000/MT in the beginning of this month.
News ID: 4327    Publish Date : 2019/04/11

The total iron ore & pellet imports in CY18 witnessed at 1,342 MnT. Amongst the major importing countries include China, Japan, India, South Korea, and Bahrain.
News ID: 4326    Publish Date : 2019/04/11

JSW Steel , India's largest private steel producer has released its operational performance results today for FY18-19. As per results company’s long steel and flat steel output witnessed growth in FY19. With this the company achieved 99.6% of production guidance of 16.75 MnT.
News ID: 4309    Publish Date : 2019/04/11

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