Steel

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Turkey, the world's largest ferrous scrap importer has observed a sharp fall in imports of raw materials like Ferrous Scrap, Iron Ore, Coal and Ferro Alloy in Feb'19.
News ID: 4305    Publish Date : 2019/04/11

Major global scrap markets observed price correction this week. Turkish scrap importers remained away from bulk bookings amid political uncertainty pulling prices down against last week.
News ID: 4282    Publish Date : 2019/04/09

Steel Mint in conversation with trade participants in Bangladesh shared that imported HRC offers fell by USD 5-10/MT as Chinese steel prices started softening in domestic and global market.
News ID: 4264    Publish Date : 2019/04/09

Indian govt has initiated investigation of anti-dumping on the imports of Aluminum and Zinc coated flat products originating in or exported from China PR, Vietnam and Korea RP.
News ID: 4241    Publish Date : 2019/04/08

Neelachal Ispat Nigam Ltd (NINL) - India’s largest and state-owned steel grade pig iron manufacturer & exporter has rolled-over steel grade pig iron prices today.
News ID: 4239    Publish Date : 2019/04/08

Manganese Ore India Ltd (MOIL), a Mini Ratna Schedule-A CPSE, under the administrative control of the Ministry of Steel , is the largest producer of manganese ore in the country
News ID: 4234    Publish Date : 2019/04/08

With the end of winter heating season in March, Steel makers in China's largest steel producing city Tangshan and another city Handan will be required to continue the production cuts for second quarter starting from April till June 2019 as a part of local government’s efforts to improve air quality.
News ID: 4215    Publish Date : 2019/04/07

Steel Mint learned in conversation with industry participants that after booking actively during last week, Pakistan scrap importers have slowed down purchases since past couple of days.
News ID: 4214    Publish Date : 2019/04/07

Imported HRC offers to Vietnam inched down in the beginning of the week by USD 5/MT amid weak buying interest among end users in Vietnam.
News ID: 4200    Publish Date : 2019/04/06

Bahrain Steel - wholly owned company of Foulath Holding, recently unveiled its plans to double its pellet production over the next 10 years. It has two pelletizing plants with total capacity of 12 MnT p.a. and it is the third largest pellet producing plant in the world.
News ID: 4199    Publish Date : 2019/04/06

This week Chinese steel prices reported decline over weak trading in domestic market and fluctuating futures. Country’s rebar and HRC export offers remained stable this week. Coking coal offers moved down this week over limited trades from China. However iron ore prices recorded increase towards the weekend.
News ID: 4195    Publish Date : 2019/04/04

During the Week-13 (25-30th Mar’19), Indian spot steel trades remained weak as participants were engaged to settle their accounts amid closing of fiscal year. Inline with supply, it was more or less average, this has resulted slight fall in prices.
News ID: 4193    Publish Date : 2019/04/04

This week observed volatile sentiments in global scrap markets following USD exchange rates. Turkish scrap prices showed softening in more cargoes booked from Baltic for remaining April shipments.
News ID: 4192    Publish Date : 2019/04/04

Iran has exported 15.31 MnT in Persian year FY'18 and depicted the fall of 26% Y-o-Y as against 20.64 MnT in previous Iranian year.
News ID: 4189    Publish Date : 2019/04/04

This week Indian PPGI prices in domestic market softened amid slowdown in buying activities in traders market. Prices move down by around INR 500-700/MT in traders market this week.
News ID: 4187    Publish Date : 2019/04/04

Spot steel trades improved gradually today and the prices recovered in major markets. Towards the beginning of day, the prices fell by INR 200-300/MT, although by the end of day it moved up by INR 300-500/MT in major markets.
News ID: 4184    Publish Date : 2019/04/04

Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has lowered steel scrap purchase prices for all grades by RMB 40/MT (USD 6) effective from today (28th Mar’19).
News ID: 4181    Publish Date : 2019/03/30

As per the data released by Iran Steel Producer Association, Iran’s crude steel production in past 11 months stood at 19.6 MnT, up 8% Y-o-Y.
News ID: 4179    Publish Date : 2019/03/30

Indian steel prices fell further today against yesterday. However Steel Mint learned that the mills are not looking for more drop in prices considering prices to have bottomed out (further drop may reduce prices below production cost of standalone mills) and are holding positive outlook.
News ID: 4177    Publish Date : 2019/03/30

Jindal Steel and Power (JSPL) in press release today reported that, the producer has re-started 1.8 MnT per annum Sponge iron plant at Angul steel complex, Odisha.
News ID: 4160    Publish Date : 2019/03/29

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