Steel

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Iranian domestic billet prices have witnessed an acute drop this week. The billet prices have fallen by IRR 8,800/kg, W-o-W. As a result of this event, the country’s finished steel prices are also witnessing the drop.
News ID: 8614    Publish Date : 2020/03/03

Iran’s steel output was recorded at 39.46 MnT during the first 10 months of the current Iranian year (21 Mar'19 - 20 Jan'20) to register a Y-o-Y rise of 8.79%.
News ID: 8610    Publish Date : 2020/02/25

Indian private mills have reported poor response in floated steel grade pig iron offers and hence they are offering a discount on bulk orders. This has resulted to drop in price range by INR 100-300/MT in a week.
News ID: 8608    Publish Date : 2020/02/25

Iranian billet export offers witnessed a marginal increase amid active domestic demand. However, no export deals were reported during the week.
News ID: 8565    Publish Date : 2020/02/27

Domestic HR-Plate prices depicted mixed movements with a decline of INR 500/MT in the Mumbai market, however, exhibited stability in Delhi.
News ID: 8563    Publish Date : 2020/02/27

China's steel sector purchasing managers index (PMI) slumped to a record low in February as the coronavirus outbreak disrupted downstream demand, resulting in steel mills reducing output.
News ID: 8537    Publish Date : 2020/03/02

Chinese steel producers' profit margins fell sharply last month as the coronavirus outbreak stalled demand and disrupted feedstock supplies to lift costs.
News ID: 8533    Publish Date : 2020/03/02

Hydro has received contracts from Tersan Shipyard for the supply of aluminium solutions. The company will deliver its products for the upper sections of ships under construction for Norwegian shipowner Havila Kystruten AS.
News ID: 8497    Publish Date : 2020/02/26

A new international report shows that Iran’s steel output has increased by 46.7% in the past 12 months, indicating a stunning jump 20 times bigger than the world average growth of 2.1% in the same period.
News ID: 8490    Publish Date : 2020/02/26

Australian steel producer BlueScope Steel has warned that the coronavirus outbreak is likely to have a negative impact on its Chinese operations and its broader supply chain, including securing equipment for the expansion of its North Star electric arc furnace in the US' Detroit.
News ID: 8481    Publish Date : 2020/02/24

Around 96pc of China's major steelmakers and about two thirds of the entire industry is operational, but smaller mills and electric-arc furnace (EAF) producers face acute disruptions amid the coronavirus outbreak, government and industry bodies said.
News ID: 8474    Publish Date : 2020/02/24

Iran’s major steel companies produced over 11.27 million tons of steel products during the 10-month period from March 21, 2019, to January 20, 2020, registering a 97-percent growth from the figure for the same period in the previous year, IRNA reported on Saturday.
News ID: 8420    Publish Date : 2020/02/09

Iran’s export of steel ingots and steel products has increased 46 percent during the first nine months of the current Iranian calendar year (March 21-December 21, 2019), IRNA reported on Monday citing the data released by the Association of Iranian Steel Producers.
News ID: 8381    Publish Date : 2020/02/04

TEHRAN (FNA)- Iran's exports of steel will reach 10mln tons by the end of the current Iranian year (to end on March 19), an official said.
News ID: 8324    Publish Date : 2020/01/23

Iron ore futures rose for a fifth straight session on Friday, with the benchmark Chinese index hitting its highest in five months, after data showed Brazil’s exports of the steelmaking raw material shrank in December.
News ID: 8292    Publish Date : 2020/01/03

State-controlled steel producer Steel Authority of India (Sail) increased iron ore output by 5.25pc to around 22mn t in 2019, a record high for the company.
News ID: 8289    Publish Date : 2020/01/10

India's domestic hot-rolled coil (HRC) prices increased this week as traders restocked.
News ID: 8288    Publish Date : 2020/01/10

Iran’s exports of various steel products increased by nearly a quarter in the eight-month period ending in late November 2019, according to a report.
News ID: 8277    Publish Date : 2020/01/09

India's domestic iron ore prices have increased sharply in January, as steel mills and pellet producers step up purchases amid expectations of supply disruptions from April. An increase in steel prices has also prompted mining companies to raise offer prices.
News ID: 8270    Publish Date : 2020/01/09

China's Hebei province will reduce crude steel production capacity by 14mn t/yr in 2020, as part of its plan to reduce 40mn t/yr of capacity during 2018-20.
News ID: 8269    Publish Date : 2020/01/09

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