Steel

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China's largest steel-producing city Tangshan has asked several steel producers to indefinitely suspend iron ore sintering and partially reduce steel output from tomorrow, as the city declared a level 2 pollution emergency.
News ID: 7925    Publish Date : 2019/12/12

India's steel exports surged by 80pc from a year earlier to 867,000t in November, according to provisional figures from India's steel ministry.
News ID: 7900    Publish Date : 2019/12/10

SMS group, global market leader in mechanical engineering and plant construction for the steel and nonferrous metals industry, is moving to an innovative campus in 2023. It is being created next to the existing buildings on the Mönchengladbach site.
News ID: 7884    Publish Date : 2019/11/20

China's iron ore imports fell by 2.4pc on the month to 90.65mn t in November, although volumes were around 8pc higher from a year earlier.
News ID: 7828    Publish Date : 2019/12/09

Turkish steelmakers have maintained real term spreads between scrap purchases and rebar sales at around $170/t throughout November and December, despite the spread between current scrap and rebar prices dropping to below $150/t this week.
News ID: 7805    Publish Date : 2019/12/06

Hindalco Industries Limited has handed over India’s first all-aluminium freight trailer in Rajasthan to Kamal Exim Pvt. Ltd., a leading Jaipur-based transporter of UltraTech Cement Limited. The 34-foot long aluminium freight trailer can ferry a wide range of materials such as cement, alumina, fly ash, grains, flour, steel coils and cylinders.
News ID: 7774    Publish Date : 2019/12/05

India's steel demand is forecast by some domestic analysts to grow at a slower pace of 5-6pc in the 2019-20 fiscal year ending 31 March compared with 7.5pc growth in 2018-19.
News ID: 7751    Publish Date : 2019/12/04

China's largest steel-producing city of Tangshan has announced an output restriction policy for December, which indicates steel and sintering curbs may be looser this winter than in previous years. This could pressure steel prices by keeping output near current high levels.
News ID: 7695    Publish Date : 2019/12/02

China's steel sector purchasing managers' index (PMI) rose on the month in November to 45.4 on an increase in output and demand, but a score below 50 indicated that the sector was still in contraction.
News ID: 7694    Publish Date : 2019/12/02

Steel Authority of India Ltd (SAIL) - a govt. owned steel producer conducted auction for around 6,100 MT steel grade pig iron today from its Rourkela Steel plant (eastern India). The auction received weak response as entire offered quantity remained unsold.
News ID: 7657    Publish Date : 2019/11/18

A senior industrial official said that Iran is planning to produce 28 million tons of steel in the coming months despite the unilateral sanctions re-imposed by the US on the country.
News ID: 7652    Publish Date : 2019/12/01

During the company’s Capital Markets Day in London on Friday, Magnitogorsk Iron & Steel PJSC, (MMK) Russia’s oldest steelmaker, told analysts, investors and press that its strategy is focused on sustainable development principles which “reflect a balance between improvement in operational and financial performance and social responsibility, along with environmental protection.”
News ID: 7642    Publish Date : 2019/11/15

Japan's ferrous scrap exports fell marginally in January-September, as increased shipments to south and southeast Asia were unable to offset declines in exports to China and South Korea.
News ID: 7616    Publish Date : 2019/11/29

Rashtriya Ispat Nigam Limited (RINL), a state owned steel maker under the Ministry of Steel , has invited two bloom export tenders of size; 200*200 and 150mm and quantity 20,000 MT and 30,000 MT respectively.
News ID: 7605    Publish Date : 2019/11/16

TATA Metaliks has raised basic (steel) grade pig iron price by INR 500/MT (USD 7), this week amid better demand.
News ID: 7599    Publish Date : 2019/11/16

China's steel sector profits have rebounded over the past month on the back of supply disruptions at northern ports and robust demand from the construction sector.
News ID: 7572    Publish Date : 2019/11/27

India's Jindal Power and Steel (JSPL) aims to raise its crude steel output to 8.5mn t during the 2020-21 fiscal year ending 31 March on expectations of increased demand from infrastructure projects.
News ID: 7571    Publish Date : 2019/11/27

Drakewood Capital Management has traded the LME's China steel coil export contract, in the first reported trade by a hedge fund since the contract launched in March.
News ID: 7511    Publish Date : 2019/11/22

Major coal producers in China have pushed back against buyers' demands for price cuts next year, opting instead to keep prices unchanged in provisional 2020 contracts.
News ID: 7510    Publish Date : 2019/11/22

UK-based steelmaker Liberty Steel is looking to reduce costs at its speciality steels business in Yorkshire, market sources told Argus.
News ID: 7465    Publish Date : 2019/11/14

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