Steel

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The Egyptian government is expected to approve an additional 10pc duty on steel imports, which could have ramifications for the CIS, Turkey and Europe.
News ID: 9304    Publish Date : 2020/05/04

Russia's construction output is likely to drop on the back of the Covid-19 outbreak, as is the case with many other countries.
News ID: 9300    Publish Date : 2020/05/04

China's construction and manufacturing sectors have recovered fast enough from the impact of the Covid-19 outbreak to work down its record steel inventories to more typical levels, providing one of the few supports to global steel markets.
News ID: 9275    Publish Date : 2020/04/30

Indian steel exports in March fell by 3.2pc from a year earlier to 573,000t following its nationwide lockdown to stop the spread of Covid-19.
News ID: 9262    Publish Date : 2020/04/29

Vietnam-based Formosa Ha Tinh Steel abandoned its monthly price list for June steel shipments last week after an 18pc drop in spot markets and will instead negotiate on a case by case basis. Market participants see this as a possible first step toward indexation.
News ID: 9252    Publish Date : 2020/04/28

Closures by US integrated steelmakers hammered by Covid-19-related customer shutdowns should help domestic scrap-based minimills grab more market share.
News ID: 9225    Publish Date : 2020/04/24

A recent surge in Chinese spot purchases of semi-finished and finished steel products may start to wane soon as a rebound in seaborne prices has narrowed margins for imports.
News ID: 9174    Publish Date : 2020/04/16

Indian steel importers cannot use force majeure declarations stemming from the Covid-19 outbreak to block letters of credit with South Korean suppliers, the Mumbai High Court said.
News ID: 9118    Publish Date : 2020/04/13

Japanese ferrous scrap imports have surged this year in response to weaker domestic steel demand, and exporters are actively looking for more overseas markets to take a surplus of domestic scrap supply.
News ID: 9087    Publish Date : 2020/04/09

Turmec has reportedly designed, supplied, and installed an advanced MRF plant in Wiltshire to treat kerbside collected comingled recyclable materials picked from around 220,000 households across the region. The plant will have the capacity to process 20 tonnes per hour of dry mixed recyclables, ensuring a high-quality separation of recycled materials is achieved.
News ID: 9035    Publish Date : 2020/04/02

Steel Authority of India Limited (SAIL) conducted an auction from its central India based Bhilai Steel Plant (BSP) for defective steel products on 20 Feb’20. The auction fetched better response in terms of allotted quantity against the last auction conducted on 12 Feb’20. Bids remained similar to previous auction.
News ID: 9001    Publish Date : 2020/02/21

China's steel sector purchasing managers index (PMI) rose in March, as steel demand resumed with more production restarts with the country's coronavirus outbreak deemed to be under control.
News ID: 8989    Publish Date : 2020/03/31

Otto Junker GmbH design and make metallurgical furnace equipment and thermo-processing systems. They also operate a steel foundry, producing castings for specialist high-technology engineering applications, such as power generation, environmental engineering and marine environments. The company make castings from steel, stainless steel, nickel, cobalt and copper-based materials, and develop innovative grades of exotic alloys for new applications.
News ID: 8977    Publish Date : 2020/03/30

According to the latest customs data released, the nation’s finished steel exports reported declined by 27% in the first two months of CY20 to 7.8 MnT as compared to 10.698 MnT in Jan- Feb’19.
News ID: 8881    Publish Date : 2020/03/07

Steel Authority of India Ltd (SAIL) conducted auction for around 1,800 MT steel grade pig iron today from its Rourkela steel plant (RSP). The auction witnessed active participation over reduction in base price by INR 700/MT (USD 10).
News ID: 8879    Publish Date : 2020/03/07

Vietnam has extended safeguard measures on imports of steel billet, rebar and wire rod until 2023, the trade and industry ministry said.
News ID: 8846    Publish Date : 2020/03/24

Indian steel mills are reducing output in response to a halt in operations at automakers and a shortage of staff as workers rush back to their hometowns in fear of the coronavirus outbreak in major cities.
News ID: 8826    Publish Date : 2020/03/23

Price gap in Indian long steel products of large and medium/small scale mills widened further as offers through the secondary mills dropped rigorously due to dull demand. Thus the re-rollers increased trade discounts to ease selling pressure.
News ID: 8821    Publish Date : 2020/03/14

This notification may be called the Environment Impact Assessment Notification, 2020 (hereinafter referred to as ‘EIA Notification, 2020’) and shall come into force on the date of publication of final notification in the Official Gazette.
News ID: 8820    Publish Date : 2020/03/14

As per the latest data released by the customs and compiled by Steel Mint, India’s finish-flat imports stood at 0.30 MnT in Feb’20 down by 17% on a monthly premise as against 0.37 MnT in Jan’20.
News ID: 8813    Publish Date : 2020/03/17

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