Steel

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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

According to market sources report to Steel Mint, a major Indian steel maker has concluded a HRC export deal to Europe recently. The deal was heard to have concluded at USD 570/MT, CFR Europe.
News ID: 2955    Publish Date : 2018/12/18

Steel Authority of India Ltd (SAIL) - state owned Indian steel maker conducted auction for Steel grade Pig iron today for sale of about 8,400 MT Pig iron from its Rourkela Steel plant (RSP) based in eastern India.
News ID: 2952    Publish Date : 2018/12/18

Indian exporters who largely deals with Nepal are poised over limited deals. Nepal's re-rollers have limited their purchase for Billet & Wire rod on account of sufficient stock & low demand, which raised liquidity crunch, as per participants.
News ID: 2929    Publish Date : 2018/12/16

Head of the Iranian Steel Producers Association (ISPA) Bahram Sobhani announced that Iran is capable of producing 25 million tons of steel in the current fiscal year (ends March 21, 2019) despite the US sanctions re-imposed against Tehran.
News ID: 2907    Publish Date : 2018/12/13

China's steel consumption could fall in 2019 after it accelerated to double-digit growth this year, state-run Chinese think-tank the metallurgical planning and research institute said today.
News ID: 2879    Publish Date : 2018/12/10

Steel Mint learned in recent conversation with market participants that imported scrap market has turned silent despite marginal correction in offers. Local steel prices remained almost supported as many mills are not operating at full capacities.
News ID: 2748    Publish Date : 2018/11/29

The steel market in the fourth quarter may be more perplexed.
News ID: 2747    Publish Date : 2018/11/29

The new cost-effective spare parts management solution through the Danieli on-demand warehouse system.
News ID: 2711    Publish Date : 2018/11/26

The final text replacing the North American Free Trade Agreement (Nafta) between Canada, Mexico and the US has left key stakeholders in energy and other sectors wishing for more.
News ID: 2705    Publish Date : 2018/11/24

Chinese steel mills are cutting back on purchase of premium mainstream medium and higher grade fines and lump, seeking to increase the proportion of lower priced ores in the furnace burden amid a sharp fall in profit margins.
News ID: 2697    Publish Date : 2018/11/23

Chinese steel producer Panhua has signed an initial agreement with the Philippines government to set up a 10mn t/yr integrated steel plant in the country.
News ID: 2684    Publish Date : 2018/11/22

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