SteelMint reported early this week that Indian steel mill had raised HRC export offers for Vietnam and in the latest update received, a deal has also been reported recently.
News ID: 3892 Publish Date : 2019/03/08
Following rising expectations in the market, the steelmaker has raised scrap purchase prices twice this week
News ID: 3890 Publish Date : 2019/03/08
The price of general billet in Tangshan, Changli and Qian'an yesterday was settled at RMB 3,520/MT ex-factory,up RMB 90 against prices before holidays. Today, the steel market is weak, the billet transaction is also somewhat weak, and the price of mainstream finished product tends to get down. The specific transactions are as follows:
News ID: 3860 Publish Date : 2019/03/06
Brazilian steel and iron ore producer Companhia Siderurgica Nacional (CSN) expects a 10-15pc increase in flat steel prices in March, as a result of higher slab costs owing to limited availability.
News ID: 3705 Publish Date : 2019/02/22
The Silico Manganese market in China is relatively stable. The mainstream quotations is concentrated between RMB 7,500-7,700 /MT. The plants in South China are offering at RMB150/MT more than those in North due to the high cost of manganese ore and electricity.
News ID: 3478 Publish Date : 2019/01/29
China's state-controlled Hesteel group has taken a 70pc stake in Indian producer Tata Steel's southeast Asian steel business for $327mn.
News ID: 3459 Publish Date : 2019/01/28
Iran’s non-oil trade with Azerbaijan stood at 702,062 tons worth $326.91 million during the nine months to Dec. 21 to register a 32.74% and 35.49% increase in tonnage and value respectively compared with last year’s corresponding period.
News ID: 3448 Publish Date : 2019/01/28
According to sources, Pakistan remains in complete hibernation this week in regard to the shipbreaking industry, with no fresh sales to report. Bangladesh continues to be the main buying destination as Pakistani buyers maintain their inactive stance.
News ID: 3419 Publish Date : 2019/01/26
Pig iron prices in major producing regions - Central & Eastern India dipped to 10 month's low owing to improved supply, lessening exports as well as significant fall in domestic steel prices earlier.
News ID: 3415 Publish Date : 2019/01/26
Indian Graphite Electrodes Manufacturers settle Prices for Jan-Mar’19 Quarter at 10% lower - Sources
SteelMint 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
SteelMint 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 SteelMint'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
