Just days after the conclusion of 2 US origin Bulk cargoes by a major Chittagong Steelmaker, a fresh bulk vessel booking has been confirmed another Bangladeshi mill, further cementing the drop in imported scrap prices to South Asian market s.
News ID: 8617 Publish Date : 2020/03/03
Indian Induction grade Billet export offers dropped rigorously on account of falling prices in Indian domestic market .
News ID: 8613 Publish Date : 2020/03/03
Indian Silico Manganese prices remain flat due to oversupply in the market . Durgapur market is the most adversely affected region as most of the Ferro Chrome producers in the region have shifted to Silico Manganese and the existing producers also operated at full capacity, which brought down the prices as the selling pressure intensified in the Durgapur area. This has also affected the Raipur market .
News ID: 8611 Publish Date : 2020/02/25
Indian private mills have reported poor response in floated steel grade pig iron offers and hence they are offering a discount on bulk orders. This has resulted to drop in price range by INR 100-300/MT in a week.
News ID: 8608 Publish Date : 2020/02/25
Chinese HRC export offers rebound on a weekly premise- Chinese HRC exports moved up by USD 5-15/MT W-o-W to USD 475-485/MT FoB China as compared with USD 460-480/MT a week earlier.
News ID: 8606 Publish Date : 2020/02/25
Imported scrap trades to Pakistan, which have been particularly strong since the last 10 days, received an additional boost after the confirmation of the bulk vessel booking after a gap of over 2 years. Although suppliers have successively been increasing offers on strong global market , active buying activities continued, with many mills looking to restock at feasible levels, given the uncertainty about price hike in the present market .
News ID: 8605 Publish Date : 2020/02/25
The article was updated to reflect a shift in gold prices in a delayed reaction to the employment data
News ID: 8596 Publish Date : 2020/03/06
Opec member countries are meeting allied producers in Vienna today, tasked with the challenge of persuading Russia and other non-Opec partners to sign up to a collective output cut of 1.5mn b/d for the remainder of the year.
News ID: 8588 Publish Date : 2020/03/06
Bermuda-based LNG shipowner Gaslog Partners has seven vessels rolling off term charters this year that will operate on the spot market unless the firm can secure new charterers.
News ID: 8581 Publish Date : 2020/03/06
China's Guangzhou municipal government will offer a subsidy of 10,000 yuan/unit ($1,439) to new energy vehicles (NEVs) buyers during March-December this year to support the industry amid reduced demand caused by the coronavirus outbreak.
News ID: 8576 Publish Date : 2020/03/04
A central European steelmaker is planning to increase its offers by €5-10/t for April production, up from current sales into Germany of around €485/t on a delivered basis, citing tight supply and a lack of imports.
News ID: 8554 Publish Date : 2020/03/03
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said that his country is skeptical about a US decision to allow a Swiss financial channel for importing food and medicine amidst coronavirus outbreak in the Middle East, adding that its practicality must be verified in action.
News ID: 8546 Publish Date : 2020/03/03
China's steel sector purchasing managers index (PMI) slumped to a record low in February as the coronavirus outbreak disrupted downstream demand, resulting in steel mills reducing output.
News ID: 8537 Publish Date : 2020/03/02
Kuzbass-based coal mining firm Meltek targets an increase in output to 4.8mn t this year, up by 500,000t compared with 2019, on stronger output of high-margin coal grades, the company says. Most of the firm's production this year — 94pc, or 4.3mn t — is expected to be sent overseas, with the remainder sold domestically.
News ID: 8536 Publish Date : 2020/03/02
An EU initiative to overhaul chemical safety regulations could crush the supply chain for critical material antimony metal inside Europe, leaving consumers with few options and no spot market .
News ID: 8519 Publish Date : 2020/02/28
India's coal ministry will seek approval soon from the country's federal cabinet to launch the first auction of coal blocks for commercial mining, with the aim of issuing tender documents in the 2019-2020 fiscal year ending on 31 March.
News ID: 8499 Publish Date : 2020/02/26
The management team at the ex-Ilva assets, appointed by Luxembourg-based steelmaker ArcelorMittal, has been changed today, sources said.
News ID: 8331 Publish Date : 2020/01/24
The iron ore price outlook has weakened ahead of a major Chinese holiday on fears that a coronavirus strain outbreak could delay the spring restart of construction projects.
News ID: 8316 Publish Date : 2020/01/23
Finance securities topped the list of stock market players and industries in terms of value of trade during the last calendar month ending Dec. 21.
News ID: 8276 Publish Date : 2020/01/08
Perth-based resources firm Mineral Commodities is a step closer to becoming a globally significant supplier to the precursor and anode materials market after confirming the production potential at its Munglinup graphite project in the south of Western Australia.
News ID: 8252 Publish Date : 2020/01/08