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
US steel service center Olympic Steel expects its fourth quarter shipments will fall lower than the prior year.
News ID: 7313 Publish Date : 2019/11/08
Steel Authority of India Ltd (SAIL) has received decent response for its 13,000 MT steel grade pig iron offer floated on 25th Oct'19 for sale from Bhilai Steel Plant(BSP), Steel Mint learnt from trade participants. Nearly 10,000 MT pig iron was learned to have booked at base price, shared company official.
News ID: 7307 Publish Date : 2019/10/31
Steel Mint learnt from market participants that the bulk market in South East Asia turned active amid recent bookings reported. Earlier this week, a prominent steel manufacturer in Thailand has booked a bulk scrap vessel from a major Scrap Cargobased recycler.
News ID: 7306 Publish Date : 2019/10/31
On 30 Oct, the Tangshan government issued has issued a notification stating that it has decided to re-initiate the grade II emergency response as part of its efforts to contain heavy polluting weather that is anticipated to occur from 1 Nov'19 due to worsened particulate dispersion conditions. This measure will be effective from 31 Oct'19 and lifting time will be notified at time deemed suitable.
News ID: 7298 Publish Date : 2019/10/31
Turkish steel consumption continues to lag significantly behind 2018, with exports also at risk of slowing significantly in the near term as protectionist measures bite, Turkish iron and steel producers' association secretary-general Veysel Yayan said today at an industry event in Istanbul.
News ID: 7286 Publish Date : 2019/11/06