Steel

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Steel Mint has heard from its reliable sources that the Graphite electrodes (GE) manufacturers have slashed their electrodes prices (especially higher size) for domestic steel producers by about INR 100,000/MT (USD 1,400/MT) against the prices in the previous quarter.
News ID: 3414    Publish Date : 2019/01/26

Vietnam’s domestic mill - Formosa Ha Tinh has revised its steel prices today. Company has raised HRC offers by USD 15/MT and kept wire rod offers stable for March shipments. However Vietnam based sources expect mill to give discount on these offers.
News ID: 3410    Publish Date : 2019/01/26

Russia's economy ministry will evaluate the possibility of a temporary ban on ferrous scrap exports following a complaint submitted by the country's steel pipemakers in late December.
News ID: 3402    Publish Date : 2019/01/25

Steel Mint has heard from its sources that after the Graphite electrodes (GE) prices in China turned stable last week amid government’s liquidity boost in the economy, the decline in domestic steel prices and ample steel availability has once again driven down the country’s GE prices.
News ID: 3372    Publish Date : 2019/01/23

New Delhi – Global iron ore prices are seen stagnating in the next few years on excessive supplies and slowing Chinese demand, yet a strong growth elsewhere in Asia is expected to keep prices supported and trade booming.
News ID: 3370    Publish Date : 2019/01/23

Indian mid sized mills have reduced wire rod export offers to Nepal by around USD 10-15/MT in the last one week, according to Steel Mint's weekly assessment. Current offers for 5.5 mm reported at USD 510-515/MT on ex-mill basis (at Durgapur), which is equivalent to USD 535-540/MT CNF Nepal Raxaul land border.
News ID: 3366    Publish Date : 2019/01/23

The government of North China’s Hebei province is encouraging the construction of steel-related industrial parks abroad which is in line with country’s Road and Belt initiative (BRI) and government’s efforts of industry restructuring as an attempt to have clearer skies.
News ID: 3364    Publish Date : 2019/01/23

The negative effects of trade disputes on global growth this year will push down demand for base metals and steel-making commodities, while the economic uncertainty will drive gold prices higher, CIBC says.
News ID: 3355    Publish Date : 2019/01/22

Iran will mark the completion of 576 industrial, mineral and trade projects during the Ten-Day Fajr (Dawn) celebrations (to start on February 01), to commemorate the 40 anniversary of the victory of the Islamic Revolution of 1979.
News ID: 3330    Publish Date : 2019/01/19

Vietnam’s steel import-export numbers are out and according to country’s customs data, Vietnam’s steel imports have registered a fall of 9.6% y-o-y basis in 2018 and is recorded at 13.6 MnT whereas in terms of value the same has increased by 9% in 2018 against previous year and is recorded at USD 9.9 billion.
News ID: 3300    Publish Date : 2019/01/16

According to the latest reports, China’s industry minister in an interview said that the country “will strictly prohibit” the expansion of new iron and steel projects in 2019.
News ID: 3295    Publish Date : 2019/01/16

Steel Mint has heard from its sources that, North China's Tangshan, the country's largest steel-producing city has launched ‘Level II Emergency Response to Heavy Pollution Weather’.
News ID: 3286    Publish Date : 2019/01/15

Indian mills to suffer as Nepal based importers are exploring options from China and Middle East amid price competitiveness.
News ID: 3281    Publish Date : 2019/01/15

Steel manufacturers are going through tough times as the margins which effects the demands of Silico Manganese. Moreover, global demand also suffers because of Christmas holidays in December. Although, lower prices of Manganese Ore have brought the producers some relief, during the sluggish market conditions.
News ID: 3275    Publish Date : 2019/01/15

Australian iron ore producer Fortescue Metals has further narrowed discounts on its major products for February delivery, as demand for low-grade ores continues to be strong in the Chinese market.
News ID: 3274    Publish Date : 2019/01/15

BEIJING – China's 2018 iron ore imports fell by 1 percent from the previous year, the first annual decline since 2010, according to data from the General Administration of Customs on Monday.
News ID: 3271    Publish Date : 2019/01/15

Steel Mint learned in recent conversation with market participants that local steel prices in Pakistan have come down today after witnessing a slight lift towards the closing of the last week
News ID: 3190    Publish Date : 2019/01/08

North China's Hebei province reduced its crude steel capacity by 12.29mn t/yr in 2018, exceeding its target of 12mn t/yr set earlier in the year.
News ID: 3188    Publish Date : 2019/01/07

China's elimination of its export duty on steel billet from 1 January is unlikely to boost shipments because trading firms are already using a square bar tax rebate to export billet.
News ID: 3149    Publish Date : 2019/01/03

The volume of steel products exported from Natanz Steel Mill in the first 3 quarters of the current Iranian year (started on March 21, 2018) has surged by 100%, compared with the corresponding period last year.
News ID: 3117    Publish Date : 2018/12/30

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