A more volatile Turkish ferrous scrap deep-sea import price throughout 2019 has made it very difficult for European exporters to keep a stable margin and it is set to remain a major challenge in 2020.
News ID: 8151 Publish Date : 2019/12/30
Domestic prices of PPGI (Pre-painted Galvanized Iron) in India surged by around INR 1000-1250/MT this week over improved demand and active buying prevailing in the domestic market.
News ID: 8141 Publish Date : 2019/12/27
Vietnam's imported HRC market has observed some trades towards end of this week. Chinese mill have heard to booked 30,000 MT HRC to Vietnam at USD 510/MT CFR Ho Chi Minh for Feb deliveries. China's Bengang Steel Plates Co. Ltd.(a subsidiary of Benxi Steel Group Corporation, incorporated as a joint-stock limited company engaged in the smelting of steel and the rolling and processing of steel plates).
News ID: 8140 Publish Date : 2019/12/27
Indian hot-rolled coil (HRC) prices rose this week on increased buying activity amid market talk about large mills planning a sharp price hike in the near term.
News ID: 8120 Publish Date : 2019/12/27
Nippon Steel Nisshin Co., Ltd. has decided to conduct banking of the No. 2 blast furnace at the Kure works around mid-Feb’20 and to focus on production of the No. 1 furnace, in order to improve production efficiency and further stabilize blast furnace operation. The reason for this is that both blast furnaces were operating at a low utilization rate due to a fire accident at the Kure Works in Aug’19, in addition to the deteriorating environment for steel demand.
News ID: 8108 Publish Date : 2019/12/24
India's exports of hot-rolled coil (HRC) rose by 231pc on the year to 533,000t in November.
News ID: 8090 Publish Date : 2019/12/24
Chinese vanadium prices have fallen in 2019 from a year earlier on a rise in spot availability and lower demand from producers of reinforcement steel bar (rebar) amid a slowing economy.
News ID: 8089 Publish Date : 2019/12/24
Dixon Yacht Design has reportedly designed the concept of a 70-metre yacht - Project NewDawn, in a way that it offers effortless sailing performance with the interior comfort conventionally found on motor yachts.
News ID: 8063 Publish Date : 2019/12/22
China’s top steel making city - Tangshan has issued a notice to reinitiate the grade II emergency response to heavy polluting weather, as the city declared a level 2 pollution emergency. The government imposed output restrictions on the steel production firms and ordered them to indefinitely suspend iron ore sintering and partially reduce steel output as of 13 Dec’19.
News ID: 8041 Publish Date : 2019/12/13
Govt owned unit – SAIL had issued tender for sale of 10,00,000 MT iron ore fines. In recent update received, the company has extended due dates for fines sales from all its three mines in Jan’20. As per sources, due some state government clearance issues all three auctions have been re-scheduled in Jan’20.
News ID: 8034 Publish Date : 2019/12/14
A slowdown in the real estate sector may pressure China's steel demand next year, according to analyst forecasts.
News ID: 8007 Publish Date : 2019/12/18
Iran’s Ministry of Industry, Mine and Trade (MIMT) announced that the country’s metal exports have jumped significantly in the first 7 months of the current local calendar year (March 21-October 22, 2019) showing Tehran’s economic strategies have outdone the US sanctions.
News ID: 7970 Publish Date : 2019/12/16
This week Indian color coated / PPGI prices increased by INR 300-750/MT W-o-W in major markets following upside in HRC prices along with bullish sentiments prevailing in the domestic market. Improved buying in steel-consuming sectors and an uptick in demand resulted in an increase in PPGI prices this week in the trade market.
News ID: 7965 Publish Date : 2019/11/29
Major Indian steel mills increased their imported HRC offers by USD 10/MT for Jan'20 deliveries, Steel Mint learned from market sources.
News ID: 7961 Publish Date : 2019/11/29
Dongkuk Steel Mill one of the largest EAF steel producers in South Korea has reportedly booked a bulk vessel of 10,000 MT cargo from Russia, for A3 grade scrap. The booking has reportedly been concluded at price level of USD 265/MT CFR South Korea.
News ID: 7960 Publish Date : 2019/11/29
Pellet deals for around 10,000 MT reported to Raipur market from Odisha based pellet maker at INR 5,500-5,600/MT(Ex-plant); normalizing for freight to Raipur at INR 6,150-6,250/MT (DAP Raipur). Amid pending deliveries of previous bookings, few Raipur pellet makers are still not offering in the domestic market.
News ID: 7959 Publish Date : 2019/11/29
Indian hot-rolled coil (HRC) prices increased by 1,500 rupees/t ($21/t) from a week earlier, as steel mills experienced higher prices in export markets.
News ID: 7950 Publish Date : 2019/12/13
Prices for 99.7pc manganese flake in Europe and China have declined in the fourth quarter on steel output cuts in China, reduced demand in Europe and falling manganese ore prices.
News ID: 7949 Publish Date : 2019/12/13
Indian coking coal imports moving through 12 key state-controlled ports only posted marginal year-on-year gains during April-November and were at risk of a further contraction as lower steel production hits demand.
News ID: 7928 Publish Date : 2019/12/12
China's crude steel demand and output are expected to fall in 2020 after posting robust gains this year, said the country's state-run think-tank the Metallurgical Industry Planning and Research Institute.
News ID: 7927 Publish Date : 2019/12/12