Steel

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Major ferrous scrap markets exhibited an upward trend except for China. Prices moved up slowly amid positive sentiments in suppliers’ side and anticipation of a recovery in March demand in the near terms.
News ID: 4082    Publish Date : 2019/03/19

Steel Authority of India Ltd (SAIL) - India's largest steel maker conducted e-auction for 10,550 MT Steel grade Pig iron today from its Rourkela Steel plant (RSP) based in eastern India.
News ID: 4080    Publish Date : 2019/03/19

This week Indian HRC prices witnessed slight increase in traders market after announcement of sharp price hike by INR 1000-1500/MT by major Indian steel mills last week for March deliveries.However dull trades restricted surge in prices in trade segment this week.
News ID: 4066    Publish Date : 2019/03/18

Tokyo Steel 's 2nd price hike in March, H2 prices at Utsunomiya plant increased by Yen 3500 (USD 31) against the price revision made a month back on 14 Feb'19.
News ID: 4063    Publish Date : 2019/03/17

Steel Mint learned in recent conversation with participants that imported scrap offers to Pakistan have moved up USD 5-10/MT W-o-W as suppliers slowly turning resistive to low offers
News ID: 4062    Publish Date : 2019/03/17

Steel Authority of India Ltd (SAIL) - India's largest steel maker conducted e-auction for 13,800 MT Steel grade Pig iron today from its Rourkela Steel plant (RSP) based in eastern India.
News ID: 4059    Publish Date : 2019/03/17

India's rebar demand in secondary market has remained dull amid slow material movement at current price range, reported by market participants.
News ID: 4058    Publish Date : 2019/03/17

Graphite electrode makers around the globe had a wonderful run for almost a year starting from the latter half of 2017 amid supply-side structural changes in China which led to the promotion of steel production through electric furnace (EAF) route, ultimately resulting in the significant rise in the graphite electrodes demand and prices in China.
News ID: 4054    Publish Date : 2019/03/16

The latest reports suggest that China’s largest steel producer, Baowu Steel Group is mulling to set up its own manufacturing plant outside China in order to internationalize its business and strengthen its capacity with the intention to overcome the rising trade barriers.
News ID: 4035    Publish Date : 2019/03/15

Finish long Steel (Bar and Rod) imports in India moved up sharply by 19% in Jan’19 and registered at 51,579 MT against 43,319 MT in Dec’18, as per recent released custom data.
News ID: 4034    Publish Date : 2019/03/15

As per new price circular released, Japan’s leading EAF steel mini-mill - Tokyo Steel has raised domestic scrap purchase price further by JPY 500/MT (USD 5) at all five works effective from tomorrow (28th Feb).
News ID: 4030    Publish Date : 2019/03/15

With recent price hike by JPY 500/MT, H2 scrap prices at Utsunomiya works have hit 3 months high
News ID: 3999    Publish Date : 2019/03/13

India world’s third-largest ferrous scrap importer after Turkey and South Korea has witnessed a rise of 16% Y-o-Y in ferrous scrap imports in CY18. As per customs data, India imported 5,285,427 MT ferrous scrap in CY’18 as against 4,568,471 MT recorded in CY’17.
News ID: 3998    Publish Date : 2019/03/13

During the week-8 (16-23 Feb'19), Indian steel prices in secondary market remained on a free fall owing to weak demand from the domestic buyers & strong supply.
News ID: 3975    Publish Date : 2019/03/12

Continuing macroeconomic uncertainty continues to dampen the northwest European hot-rolled coil (HRC) market.
News ID: 3972    Publish Date : 2019/03/11

Bhushan Power & Steel - a major integrated steel maker with a capacity of 3.5 MnT has recorded iron ore sourcing at 0.22 MnT in Jan'19. The sourcing witnessed drop of 32% on monthly basis as against 0.33 MnT a month ago.
News ID: 3962    Publish Date : 2019/03/11

This week Indian PPGI prices continued to remain on upside over restocking demand among end users. Bullish market sentiments on improved demand and higher raw material cost compelled Indian mills to raise PPGI offers in domestic market.
News ID: 3961    Publish Date : 2019/03/11

In the month of August 2018, U.S. had imposed a hefty preliminary anti-dumping duty (ADD) on large diameter welded pipes imported from India, China and four other countries including Canada, Greece, South Korea, and Turkey in a move to protect the domestic steel sector and lower its trade deficit.
News ID: 3958    Publish Date : 2019/03/11

As per new price circular released, Japan’s leading EAF steel mini-mill - Tokyo Steel has raised domestic scrap purchase price further by JPY 500/MT (USD 5) at all five works on strong sentiments in Japan. New prices shall be effective from tomorrow.
News ID: 3936    Publish Date : 2019/03/10

Hoa Phat Steel Pipe Company Limited (HPSPCL) has announced that it will export around 1,000 tonnes of galvanised steel pipe worth USD 600,000 to India and the shipment is expected to be delivered in March 2019.
News ID: 3934    Publish Date : 2019/03/10

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