Global ferrous scrap market again witnessed a downward trend in most major market s. Turkey witnessed a marginal drop in prices in recent deep-sea cargo bookings at lower prices. South Asian market s witnessed healthy trade activities even as offers fell further. Japan's Tokyo Steel observed further cut in scrap purchase prices, while Kansai monthly Tender witnessed slight decline in winning bids. China's Shagang Steel kept their Scrap purchase price unchanged this week.
News ID: 6791 Publish Date : 2019/10/05
Northwest European hot-rolled coil (HRC) prices slumped today as buyers continued to withhold purchases given huge uncertainty over future price direction and demand levels.
News ID: 6722 Publish Date : 2019/10/18
The continued rise in the Turkish ferrous scrap import price this week following the US increase of tariffs on steel imports from Turkey has highlighted the extent to which the US has become a marginal export market for Turkish rebar producers.
News ID: 6719 Publish Date : 2019/10/18
SteelMint in conversation with sources learned that Hyundai Steel has booked 45,000 MT HMS 1 scrap from US recently for Dec shipment.The deal was learned to have concluded at USD 244/MT, CFR basis. It is to be noted that with recent booking, bulk scrap bookings have come down by around USD 30. Prior to this in mid Sept'19, Hyundai Steel booked 45,000 HMS 1 scrap from US for Nov shipment at USD 275/MT, CFR basis.
News ID: 6704 Publish Date : 2019/10/04
Imported scrap offers to India remained more-or-less stable this week, after observing successive downtrend in prices for several weeks, SteelMint learned from industry participants. Trades remained active in containerized as well as bulk market , with steel-mills looking to actively restock while the global market is down. With the improvement in overall sentiments, the market is expecting buying activity to rise further at buyer-friendly prices.
News ID: 6703 Publish Date : 2019/10/04
This week Indian HR plate prices continued to show downtrend over pessimistic sentiments amid dwindling demand hovering in domestic market . Buyers resist their purchasing activities over continuous fall in domestic steel prices.
News ID: 6698 Publish Date : 2019/10/03
Imported scrap offers to Bangladesh continued to move down for another week, as persistent lower buying bids from most major steel-mills over the week helped in pulling down the prices further, SteelMint learnt from industry participants. Trades have remained slow in comparison to last week, with many buyers waiting for further stability in the market , however, buying is likely to pick up in the next few days at favourable prices.
News ID: 6697 Publish Date : 2019/10/03
This was the consecutive week when SE Asia billet import market was reported sluggish with offers dropping sharply. The billet import offers in the region were assessed at USD 385-390/MT, CFR down, USD 15-20/MT against last week. The falling Turkey's import scrap prices have managed to keep the market sentiments weak in the region.
News ID: 6696 Publish Date : 2019/10/03
AlCircle has launched a new Sector Focus Report – "Aluminium Foil and its End uses: Current Trends and Forecast” into its 2019 Report portfolio.
News ID: 6692 Publish Date : 2019/10/17
Sales of marine fuels from Singapore port in September totalled 3.9mn t, up by 230,000t from August but down by 214,000t from September last year.
News ID: 6669 Publish Date : 2019/10/16
Australia's rapidly growing lithium industry has entered a much-needed consolidation phase brought about by sharply weaker concentrate prices and bottlenecks in the mainly Chinese downstream chemical conversion industry.
News ID: 6582 Publish Date : 2019/10/09
SteelMint learned from market participants that Turkish imported scrap prices remain firm after the recent deep-sea cargoes bookings confirmed today. Amid the consistent drop in prices in the last several week, few industry sources consider it a stabilizing sign for the coming weeks.
News ID: 6482 Publish Date : 2019/09/23
SteelMint has heard from its market sources that after falling continuously over past few months, the electrodes prices in China have stabilized this week. However, the market continues to remain weak with tepid downstream demand and high inventories with the producers.
News ID: 6471 Publish Date : 2019/09/20
JSW Steel, India's largest private steel producer has released its monthly crude steel output results today for Aug'19. The company witnessed a slump in overall steel production in Aug’19.
News ID: 6454 Publish Date : 2019/09/11
This week global billet market witnessed less trades with a few deals in Middle East from CIS. Rest all prime market s remained silent. Sharp plunge in global scrap prices turned market sentiments gloomy in global billet market .
News ID: 6419 Publish Date : 2019/09/07
After witnessing some deals towards end of the last week, the SE Asia’s billet import market reported dull this week. Sharp plunge in global scrap prices turned market sentiments gloomy in global billet market . After India upturned its interest towards the region, the SE Asia buyers are now trying to further pull down the billet prices. As a result of which further drop in the offers from CIS nations was seen this week.
News ID: 6414 Publish Date : 2019/09/06
As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has lowered its scrap purchase price by JPY 500/MT (USD 5) at all 5 of its plants today. This comes as the 2nd price lowering by the company in a week, while the new prices for all grades shall be effective from today (6th Sept'19).
News ID: 6413 Publish Date : 2019/09/06
Global ferrous scrap market observed downtrend in almost all major market s this week. Turkey observed further fall in prices in this week's cargo bookings, while south Asian market s continued to follow the downtrend. Japan's Tokyo Steel, as well as China's Shagang Steel, lowered their scrap purchase price twice this week while South Korea's Hyundai steel booked Japanese cargo last week after a gap of few weeks.
News ID: 6372 Publish Date : 2019/08/31
Billet: Yesterday, the ex-factory price of general carbon square billet in Tangshan, Changli was settled at RMB 3,330/MT, up RMB 20; while the same in Qian‘an area was settled at RMB 3,330/MT, up RMB 10. In the morning session today, Changli area saw cumulative gain of RMB 20 to RMB 3,350/MT. Transactions on billet were smooth after price uptick while price of finished steel mainly trended up.
News ID: 6362 Publish Date : 2019/09/03
Chinese HRC export offers slide further over thin trades- This week Chinese HRC exports offers move down slightly over subdued trades. Meanwhile overseas buyers continue to bid on lower side in order to procure material at cheaper prices.
News ID: 6359 Publish Date : 2019/09/03