Steel

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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

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

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