Steel

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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

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

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