This week domestic HRC prices witnessed increase by around INR 500-1000/MT in traders market . SteelMint reported last week that major Indian steel mills are likely to announce hike of INR 1000-1500/MT (USD 14-21) in Jan '20.
News ID: 8106 Publish Date : 2019/12/24
Imported scrap offers to Pakistan inched up marginally this week by upto USD 5/MT W-o-W. Following global uptrend, offers to Pakistan have increased.
News ID: 8105 Publish Date : 2019/12/24
The National Iranian Oil Company (NIOC) announced that it will soon disclose further details on a newly discovered oilfield in the Southwestern province of Khuzestan, where the NIOC has already found a giant oil reserve that was declared in last month.
News ID: 8093 Publish Date : 2019/12/25
Australian lithium producer Altura Mining has reduced its output guidance for October-December after bringing forward a maintenance shutdown.
News ID: 8086 Publish Date : 2019/12/24
The primary aluminium market will begin 2020 the same way that it began this year — with big questions over the health of the automotive industry as government regulations, political disputes, and more fundamental market developments conspire to cast dark clouds across the once-shining beacon of Europe's manufacturing industry.
News ID: 8080 Publish Date : 2019/12/24
According to Shanghai Metals Market, all aluminium rod plants in Jiaozuo of China’s top aluminium-producing province Henan are required to halt production, as the city has escalated smog alert to the highest level from 18: 00 CST December 23, 2019.
News ID: 8079 Publish Date : 2019/12/24
--South African coal exports have witnessed slight decline during the first 10-months of CY’19 (Jan-Oct’19) noted at 64.68 MnT, as against 65.42 MnT in preceding year. Apparently, export volumes have been affected by a tight supply in the domestic market , with buyers offering higher prices than those on the seaborne market which have limited South African coal exposure to exports.
News ID: 8025 Publish Date : 2019/12/16
Leading credit insurer Atradius has totally withdrawn cover on UK decoiler C Brown and Sons, which is based in Dudley in the West Midlands, according to market sources.
News ID: 7998 Publish Date : 2019/12/18
The European LPG market is most often buffeted by structural shifts elsewhere in the world. But, in 2020 two local developments will drive change — supply from the Baltic Sea region will fall sharply, and a large-scale butane-dedicated storage will come online in the Amsterdam-Rotterdam-Antwerp (ARA) trading hub.
News ID: 7978 Publish Date : 2019/12/16
This week Indian color coated / PPGI prices increased by INR 300-750/MT W-o-W in major market s following upside in HRC prices along with bullish sentiments prevailing in the domestic market . Improved buying in steel-consuming sectors and an uptick in demand resulted in an increase in PPGI prices this week in the trade market .
News ID: 7965 Publish Date : 2019/11/29
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced its 2nd price lowering in a week, cutting down its bids by RMB 30/MT (USD 4) for all grades of domestic steel scrap procurement, with the new prices effective from today, 29th Nov’19.
News ID: 7963 Publish Date : 2019/11/29
The Italian government will push back the full liberalization of its retail power and gas market from its deadline of June 2020 to January 2022, with the timeframe becoming too tight to carry out the move.
News ID: 7938 Publish Date : 2019/12/13
The Italian hot-rolled coil (HRC) market is slowly becoming a sellers' market after multiple months of declines.
News ID: 7929 Publish Date : 2019/12/12
China's largest steel-producing city Tangshan has asked several steel producers to indefinitely suspend iron ore sintering and partially reduce steel output from tomorrow, as the city declared a level 2 pollution emergency.
News ID: 7925 Publish Date : 2019/12/12
China's largest private-sector steel producer Jiangsu Shagang has kept its rebar ex-works prices flat for mid-December deliveries in an attempt to stabilise market sentiment.
News ID: 7908 Publish Date : 2019/12/11
A series of cracker turnarounds in southeast Asia during next year's first quarter will tighten ethylene and propylene supplies, potentially lending support to current weak sentiment in the olefins market
News ID: 7907 Publish Date : 2019/12/11
The European Commission has approved €3.2bn ($3.54bn) in state aid for battery makers as part of a project to develop large-scale battery manufacturing in the EU.
News ID: 7898 Publish Date : 2019/12/10
Metals.com, a leader in retail metals sales, celebrated its 10th anniversary with the new aluminium division. This aluminium division will serve the automobile, aerospace and construction industries.
News ID: 7893 Publish Date : 2019/12/10
Oil prices fell on Monday after data showed that Chinese exports declined for a fourth straight month, sending shivers through a market already concerned about damage being done to global demand by the Sino-US trade war.
News ID: 7890 Publish Date : 2019/12/09
Opec and its non-Opec allies agreed today to deepen their prevailing 1.2mn b/d production cut target by 500,000 b/d in the first quarter next year. This was widely expected, but in a surprise move Saudi Arabia said it and other countries will continue a voluntary reduction of 400,000 b/d on top of that.
News ID: 7800 Publish Date : 2019/12/06