This week, SE Asia billet market was reported with positive trade sentiments and boosted import offers. Billet import offers in the region have also moved up marginally and are assessed at USD 400-405/MT, CFR SE Asia, up USD 5-10/MT, against last week.
News ID: 7095 Publish Date : 2019/10/25
Indian secondary rebar market observed limited trade volumes amid ongoing festive mood in the country. As per daily assessment rebar prices inched up by INR 100-300/MT across regions.
News ID: 7092 Publish Date : 2019/10/25
This week, low buying interest ahead of the festive holidays continue to keep Indian HR-plates prices largely supported.
News ID: 7086 Publish Date : 2019/10/24
Chinese private-sector producer Jiangsu Shagang has kept its rebar ex-works prices unchanged for early November delivery as spot prices get support from falling market inventories.
News ID: 7070 Publish Date : 2019/11/01
The London Metal Exchange (LME) will permit bonded warehouse companies to extend load-out queues of cancelled warrants and encourage off-warrant stockholders to report their stock holdings to the exchange in a series of new measures that will be introduced to increase visibility of global base metal inventories.
News ID: 7068 Publish Date : 2019/11/01
Indian Ferro Chrome industry depends equally on the export market , and with the export demand dipping, the producers are shifting to the domestic market . Few small producers are willing to reduce their prices to much lower levels to cope up with the cash crunch situations. Due to the scarcity of market transactions and the pressure on some factories, the ex-factory price of HC Ferro Chrome in the domestic market moved down by around INR1500/MT.
News ID: 7058 Publish Date : 2019/10/23
Oversupply and low demand are pulling down the seaborne Manganese ore market . Major importers like China and India are postponing their shipments from South Africa as the alloy manufacturers hope the prices to fall further. With the dipping Manganese alloy prices, the producers are approaching to the cost line and the buying interest of steel manufacturers are tepid. In addition to this, the present inventory levels with the producers are restraining them from booking any more consignments.
News ID: 7049 Publish Date : 2019/10/22
The Italian hot-rolled coil (HRC) market softened further today, as mills looked to sell rollings ahead of the year-end.
News ID: 7030 Publish Date : 2019/10/30
A price floor has been temporarily reached in the US hot-rolled coil (HRC) market after a slew of $40/st increases last week helped inch prices up.
News ID: 7029 Publish Date : 2019/10/29
It is a truth universally acknowledged that liquidity is critical to market health; typically when liquidity falls, volatility rises. The Financial Times recently cited claims that the increased use of passive investment vehicles had caused trading volumes in individual S&P 500 constituents to decline. Should we be alarmed?
News ID: 7002 Publish Date : 2019/10/25
Messe Düsseldorf was already engaged in Russia as the first foreign trade fair company back in 1963 - Since 1979 it has been constantly represented with its own office in Moscow – also in politically and economically tough times
News ID: 7001 Publish Date : 2019/10/26
Cut-throat competition from cheaper Asian imports has forced European stainless steel producers to seek record discounts for scrap feedstock, causing the market to deviate from the nickel price rally.
News ID: 6998 Publish Date : 2019/10/25
In October, China's chrome ore market did not show any positive trend. Importers neither have the intention to import cargo nor do they want to speculate on spot goods. Hence, the market showed no major adjustments.
News ID: 6989 Publish Date : 2019/10/16
Activity remains frozen in the northwest European hot-rolled coil (HRC) market , as buyers anticipate further price declines and destock accordingly ahead of the year-end.
News ID: 6954 Publish Date : 2019/10/24
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced a price cut for all grades of domestic steel scrap procurement and decreased the bids by RMB 30/MT (USD 4) effective from today 14th October’19. This price cut comes after the company had hiked the purchase bids RMB 100/MT last week.
News ID: 6941 Publish Date : 2019/10/14
According to market sources report to SteelMint, Indian pellet export market turn active amid decent deals concluded by pellet makers recently.
News ID: 6938 Publish Date : 2019/10/14
Steel producer Universal Stainless' third quarter shipments fell from a year earlier amid production downtime and delays that led to 2mn lbs, or $6mn, less sales.
News ID: 6882 Publish Date : 2019/10/23
The weakness in lithium prices has persisted for longer than expected, but a recovery is seen when the global battery supply chain reaches more manageable inventory levels, Argentina-focused lithium producer Orocobre said.
News ID: 6830 Publish Date : 2019/10/22
With the beginning of this week imported HRC offers to Vietnam reported a further decline from major exporting nations. Market sources based in Vietnam shared that buyers continue to eye for cheaper HRC offers. Although, Chinese steel mills are celebrating Golden Week holidays from 1st Oct to 7 Oct’19.
News ID: 6820 Publish Date : 2019/10/08
According to market sources report to SteelMint, an Iranian mill has booked 5,000 MT billet for export to Gulf in recent, sources reported to SteelMint. The deal concluded is for 150*150mm billet and the deal value was reported to be USD 350-355/MT and the delivery is scheduled for Nov'19.
News ID: 6815 Publish Date : 2019/10/08