Steel

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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

China's crude steel output in October slipped to its lowest level since March at 81.52mn t, as narrowing profit margins slowed production slightly.
News ID: 7463    Publish Date : 2019/11/14

India's coated steel prices remained flat this week, as demand stayed slow after the festive season ended in October.
News ID: 7462    Publish Date : 2019/11/14

Seaborne floating premiums for PB fines have halved since early October, pressured lower by weakness in China's portside markets.
News ID: 7461    Publish Date : 2019/11/14

Indian coking coal imports moving through 12 key state-controlled ports during April-October have contracted amid weakness in the steel sector.
News ID: 7428    Publish Date : 2019/11/13

Steel Authority of India Ltd (SAIL) - a govt. owned steel producer conducted auction for around 4,100 MT steel grade pig iron today from its Rourkela Steel plant (eastern India). The auction received good response with around 80% of the material offered got booked at base price.
News ID: 7420    Publish Date : 2019/11/11

According to General Administration of Customs, China - the world's largest iron ore consumer and importer recorded iron ore and pellet imports at 92.86 MnT in Oct’19. The imports witnessed 7% fall on monthly basis compared to 99.36 MnT in Sep’19. The decline in imports is attributed to falling demand amid increased production curbs and shrinking steel margins.
News ID: 7415    Publish Date : 2019/11/08

Chinese finished steel exports fell by 10% to 4.782 MnT in Oct'19 as compared with 5.33 MnT in Sep' 19, recent custom data shows. Price competitiveness from Indian & Russian mills kept interest for Chinese steel products low.
News ID: 7414    Publish Date : 2019/11/08

The Andhra Pradesh government and state owned mining major NMDC will soon sign an MoU for supply of iron ore, a critical raw material, for the proposed Kadapa steel plant plant, foundation for which is planned to be laid next month.
News ID: 7410    Publish Date : 2019/11/08

Iranian President Hassan Rouhani officially opened Baft Steel mill with a production capacity of over 1.5 million tons a year, in a bid to further raise the country’s metals industry and tap into its vast reserves of metals and minerals.
News ID: 7399    Publish Date : 2019/11/12

China set winter pollution cuts of 2-3pc for east and central China today, raising ferrous price outlooks from expected steel supply cuts.
News ID: 7379    Publish Date : 2019/11/12

Chinese private-sector steel producer Jiangsu Shagang increased its rebar ex-works prices by 60 yuan/t ($9/t) for mid-November deliveries, as rebar inventories extended their falls into November to support spot prices.
News ID: 7356    Publish Date : 2019/11/11

Nepal’s billet imports fell by 24% M-o-M to 53,122 MT in Oct’19 against 70,390 MT in Sept’19. Entire import volumes were recorded from India.
News ID: 7353    Publish Date : 2019/11/05

As per the SEAISI (South East Asia Iron and Steel Institute) data, ASEAN six countries that includes Indonesia, Thailand, Malaysia, Singapore, Philippines, and Vietnam, finished steel imports in H1 2019 have been recorded at 25 MnT, registering a growth rate of 5.6% against the growth of 2.8% in H1 2018.
News ID: 7352    Publish Date : 2019/11/05

India's domestic pellet market mostly stable on weekly basis except Ex-Bellary based pellet assessment decreased marginally to INR 6,100-6,200/MT this week against last week at INR 6,100-6,300/MT.
News ID: 7348    Publish Date : 2019/11/05

German steel producer ThyssenKrupp said it is not planning to idle any blast furnaces
News ID: 7319    Publish Date : 2019/11/08

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