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 SteelMint 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
Steel Authority of India Ltd (SAIL) - India's govt. owned steel maker conducted e-auction for 9,500 MT steel grade Pig iron today from its Rourkela Steel plant (RSP) based in eastern India.
News ID: 4144 Publish Date : 2019/03/25
Chinese HRC export offers inch up following strengthening domestic market - Nation’s HRC export offers continue to move in upward direction following increase in domestic prices.
News ID: 4118 Publish Date : 2019/03/22
SteelMint learned in recent conversation with participants that imported scrap market in Pakistan has observed improved buying interest amid improving local market sentiments this week.
News ID: 4117 Publish Date : 2019/03/22
Secova Metals (TSXV: SEK) acquired this week 100% interest in 3,809 hectares of vanadium mineral claims located in three land packages in the eastern Canadian province of Quebec.
News ID: 4108 Publish Date : 2019/03/21
China's steel sector, and the imported iron ore upon which it relies, are currently locked in a struggle between largely bearish longer-term structural factors and short-term cyclical influences, some of which are bullish.
News ID: 4107 Publish Date : 2019/03/21
SteelMint learned from industry participants that imported scrap market in Bangladesh has observed very limited trades for imported scrap amid subdued demand this week.
News ID: 4102 Publish Date : 2019/03/21
After remaining stable over the last two weeks, China’s higher grade Graphite Electrode prices plunged down by RMB 2,000/MT (USD 298/MT) this week.
News ID: 4100 Publish Date : 2019/03/21
SteelMint learned from industry participants that Turkey’s imported scrap market has observed limited bookings so far this week at almost stable prices. However, steel mills remain hesitant to buy aggressively amid high offers and weak finish steel demand.
News ID: 4098 Publish Date : 2019/03/21
As per recent update received to SteelMint, Iran is all set to ship its first consignment of HRC to India. As per the bulk vessel data maintained with SteelMint an Iranian steel mill has shipped 32,000 MT HRC.
News ID: 4089 Publish Date : 2019/03/20
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
