Steel

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Canada will impose safeguards on imports of seven steel products later this month to address the diversion of foreign steel shipments to the country following the US Section 232 tariff.
News ID: 2430    Publish Date : 2018/10/13

Depreciating Indian currency has also supported exports. Indian currency has hit record low of 73.77 against USD.
News ID: 2387    Publish Date : 2018/10/08

ASEAN region that includes six countries Malaysia, Vietnam, Thailand, Singapore, Indonesia, and Philippines is a net importer of steel as in 2017 its imports stood in the range of 40-50 MnT whereas exports were at 7-8 MnT. The bulk of the imports were quality steel for use in the manufacturing sector.
News ID: 2383    Publish Date : 2018/10/08

Fastmarkets is proposing to discontinue its weekly price assessment for molybdenum concentrate, 45% Mo, on an in-warehouse China basis.
News ID: 2371    Publish Date : 2018/10/05

According to the latest reports, China’s largest steel producing province, Hebei will force its mills to comply with strict new emission standards by 2020 as a part of its anti-pollution campaign, according to newly published industry guidelines.
News ID: 2354    Publish Date : 2018/10/04

Chinese HRC export offers slide further amid weak demand-Chinese HRC export offers fell further post mid Autumn holidays that ended yesterday owing to limited buying from overseas buyers.
News ID: 2316    Publish Date : 2018/09/30

Steel Mint learned in recent conversations with market participants that Pakistan's imported scrap market hasn’t picked up buying activities in a significant manner yet.
News ID: 2312    Publish Date : 2018/09/30

Kansai Tetsugen is an association of scrap dealers around Osaka region in Japan. It conducts monthly scrap export tender through which usually around 5,000-10,000 MT of H2 scrap get auctioned in Japan. As per updates received on this, Kansai scrap tender has conducted yesterday (21st Sept) for this month.
News ID: 2265    Publish Date : 2018/09/25

According to the Steel Mint sources, the gains in the domestic graphite electrode (GE) prices in China have been extended this week also. The GE prices in the country have moved up by RMB 4,000 -10,000 per tonnes (USD 584 – 1,460/MT) w-o-w basis.
News ID: 2264    Publish Date : 2018/09/25

This week observed further increase in prices in deals concluded by Turkish scrap importers amid tight supply. Following this, offers from major scrap suppliers remained strong in global markets to Asian markets like Taiwan, India, Vietnam, Pakistan, Indonesia and Bangladesh.
News ID: 2263    Publish Date : 2018/09/25

According to Indian customs, Ferro Manganese exports from India increased by 36% Y-o-Y in the period of Jan-Jul’18 against the corresponding period of the previous year.
News ID: 2258    Publish Date : 2018/09/25

According to the latest reports, Turkey has imposed a provisional 25% safeguard duty on certain steel products in case their imports exceed the set duty-free quota quantity. This includes carbon steel flat and long products, welded and seamless pipe, stainless flats and special steel longs. These provisional tariffs are valid for 200 days.
News ID: 2257    Publish Date : 2018/09/25

Tokyo Steel Manufacturing Co Ltd - Japan’s top electric-arc furnace steelmaker has kept steel prices unchanged for eighth straight month for October deliveries. Last price hike of Yen 2000/MT was made for Feb deliveries.
News ID: 2245    Publish Date : 2018/09/24

Vietnam’s major steelmaker, Hoa Phat Group is all set to start four Greenfield blast furnaces at its Hoa Phat Dung Quat steel complex by the end of 2019. Each blast furnace will have a volume of 1,080 cubic meters and capacity of 1.2 MnT per year of hot metal.
News ID: 2241    Publish Date : 2018/09/24

Indian Pig iron producers are anticipating further surge in prices in line with active demand & rising input cost. Recently NINL, which is the largest producer of Indian pig iron have sharply raised prices by INR 1,800/MT (USD 25).
News ID: 2232    Publish Date : 2018/09/22

Egypt’s biggest steel producer, Ezz Steel has recently unveiled its performance for the first half (H1) from Jan to Jun’18 of CY18 and if we analyse the company’s consolidated earnings, the same has recorded a significant increase of 164% y-o-y basis backed by the strong local demand.
News ID: 2221    Publish Date : 2018/09/22

Steel Mint learnt from trades sources that steel mills based in Bangladesh have concluded HRC deals from China and other such countries for early November shipments.
News ID: 2205    Publish Date : 2018/09/21

Steel Mint has reported that last week China’s graphite electrodes prices surged by RMB 3,000 to 20,000 (USD 438 – 2,920/MT) varying with the size. However, sources have informed that the GE prices in China have increased further by RMB 2,000 to 10,000/MT (USD 292 – 1,460/MT).
News ID: 2203    Publish Date : 2018/09/21

Iran’s mineral export value reached $3.7 billion during the first four-month of the current Iranian year (March21-July22), indicating a 21% growth compared with corresponding period of last year.
News ID: 2183    Publish Date : 2018/09/08

China's Baoshan Iron & Steel Co Ltd, the largest listed steel maker in the country, reported a 62.2 percent surge on first-half net profit on firm steel prices, but warned about the risks of trade protectionism in the second half.
News ID: 2177    Publish Date : 2018/08/28

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