Domestic pellet offers in Indian market continued to remain stable at the beginning of week 36, 2019.
News ID: 6358 Publish Date : 2019/09/03
This week imported HRC offers to Vietnam inched down further as major exporting nations have lowered their export offers with the motive to increase sales in overseas over weakening sentiments in local market . However today being national holiday in Vietnam market has remained silent in absence of trades.
News ID: 6352 Publish Date : 2019/09/02
The gold price plunged in early morning trade on Thursday, in one of the worst trading sessions in dollar terms in gold market history.
News ID: 6347 Publish Date : 2019/09/06
Vizag Steel, a leading state owned Pig iron producer and exporter, has issued an export tender of 25,000 MT basic grade steel making Pig iron for any country other than Nepal. The offered material has specifications - C: 3.5 - 4.8%; Mn: 0.50% (max); Si: 1.5% (max); P: 0.12% (max); S: 0.050% (max).
News ID: 6286 Publish Date : 2019/09/03
In conversation with industry participants, SteelMint learned that Indian imported scrap market has maintained total silence over the current week, amid continued downtrend in the domestic steel market of the country. Nonfeasibility of imported scrap due to ongoing downfall in the domestic fundamentals has kept buyers away, even as offers have fallen to 2 years low levels.
News ID: 6203 Publish Date : 2019/08/28
Chinese HRC export offers in free fall- Chinese HRC exports offers continue to show downtrend both in domestic and overseas market over volatile futures and weak demand from overseas buyers.
News ID: 6155 Publish Date : 2019/08/25
Donya-e-Eqtesad Media Group, the parent company of Financial Tribune, will formally unveil its web television named “EcoIran” on Monday in the presence of policymakers, economists and private sector businesspeople.
News ID: 6151 Publish Date : 2019/08/24
The Atlantic coking coal market remains under considerable pressure, with demand still sluggish and several sources expecting seaborne prices to drop further.
News ID: 6115 Publish Date : 2019/08/22
Luxembourg-based steelmaker ArcelorMittal is implementing a price increase of €30/t across Europe, pinning its hot-rolled coils (HRCs) offer at €510/t ex-works in Germany and €490/t ex-works in Italy, effective for October deliveries.
News ID: 6083 Publish Date : 2019/08/22
Market participants' expectations that European mills would attempt yet another price increase for the fourth quarter were finally met today with an announcement by ArcelorMittal of a €30/t hike.
News ID: 6079 Publish Date : 2019/08/21
In the beginning of this week Chinese steel prices slump further amid bearish market sentiments both in domestic and overseas market s. However towards the end of this week steel prices in domestic market moved up marginally over volatile futures.
News ID: 6048 Publish Date : 2019/08/19
This week, Iranian billet export market was reported hushed. No deals were witnessed and mills are in no rush to conclude October deals. Also, country’s billet export offers are standing still at USD 385-390/MT, FoB identical as last week. The prime reason for the market reticence is Eid Festivity.
News ID: 6037 Publish Date : 2019/08/18
Higher inventory levels along with tepid demand over inactive trades lead to continual decline in HRC prices in domestic market .
News ID: 6032 Publish Date : 2019/08/18
China’s major steelmaker - Baosteel has announced increase in its steel prices for September deliveries. The company has increased its steel prices by RMB 50-150/MT (USD 7-12/MT) in its Baoshan, Meishan and Dongshan base for Sep deliveries.
News ID: 6002 Publish Date : 2019/08/17
Indian steel prices rallied today following rumours in the market saying that Indian government has imposed safeguard duty on temporary basis by 20-25% on imported flat steel. However no official confirmation or official circular was received till the time of publication this report.
News ID: 5997 Publish Date : 2019/08/17
Global ferrous scrap prices observe softening in almost all major market s on weak demand this week except East Asia. Turkey steelmakers booked a single cargo, however, Japanese scrap prices observe marginal correction in the monthly Kanto monthly export tender. Chinese scrap prices lowered successively on sharp fall in Iron ore prices with three price cuts announced for domestic scrap purchase by Shagang Steel.
News ID: 5991 Publish Date : 2019/08/17
This week Chinese steel prices reported significant decline owing to volatile futures amid intensifying US-China trade tensions and pessimistic market sentiments both in domestic and overseas market .
News ID: 5990 Publish Date : 2019/08/17
The SE Asian billet import market remained silent this week. No deals were reported this week. The market was quite due to weaker sentiments. This week South East Asia’s billet import assessment stands at around at USD 440-445/MT, CFR, down USD 5/MT against last week.
News ID: 5983 Publish Date : 2019/08/16
Imported scrap offers to South Asia plunge below 2 years low levels on limited demand
News ID: 5981 Publish Date : 2019/08/16
JSW Steel, India's largest private steel producer has released its monthly crude steel output results today for Jul'19. The company reported decline in its production numbers over dull demand and low buying prevailing in domestic market .
News ID: 5978 Publish Date : 2019/08/16