Steel

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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

China's steel sector profits fell by 26pc on the month in November, the sharpest month-on-month drop in profits this year.
News ID: 3101    Publish Date : 2018/12/28

Steel product inventories with trading firms in 20 main Chinese cities as of 18 December fell by 4.1pc from a month earlier, which has supported prices this month.
News ID: 3093    Publish Date : 2018/12/27

Easing supplies coupled with lower consumption rates are expected to force US ferro-vanadium prices down in the first half of 2019.
News ID: 3083    Publish Date : 2018/12/26

Hot-dip galvanised coil is a steel product used in a variety of sectors, including automotive, construction and agriculture. In recent years it has been the darling of the coil suite, certainly in Europe, helped by the strength of the carmaking industry.
News ID: 3040    Publish Date : 2018/12/23

Downtrend in Iranian domestic billet market still continue, resulting to downfall of domestic billet offers. There is less demand of finished steel as construction industry is down owing to US sanctions.
News ID: 3028    Publish Date : 2018/12/21

At the opening of the market today, the mainstream quotation of construction steel in Shanghai market was slightly up, and the market's upward trend narrowed following the decline in rebar futures price during the trading hours
News ID: 3019    Publish Date : 2018/12/21

BRUSSELS – The European Commission has extended until Feb. 1 its investigation into measures required to prevent a surge of steel imports following the U.S. imposition of metal tariffs.
News ID: 3010    Publish Date : 2018/12/20

Vietnam’s domestic mill - Formosa Ha Tinh has announced another sharp price cut today. It has reduced HRC prices by USD 50/MT and for wire rod by USD 60/MT for February’19 compared to last month.
News ID: 2996    Publish Date : 2018/12/19

According to the latest reports, Brazilian iron ore mining company, Vale has acquired domestic iron ore processing technology firm New Steel for USD 500 million. The transaction is expected to occur in 2019 but is subject to approval by antitrust authorities in Brazil.
News ID: 2989    Publish Date : 2018/12/19

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