Indian rebar price s of medium and small scale mills hit nearly 2 years low amid constant downfall over dull demand amid heavy monsoon season which has put construction activities on hold. As per SteelMint's assessment the price s slumped by INR 500-1,500/MT (USD 7-21) W-o-W.
News ID: 5977 Publish Date : 2019/08/16
Chinese HRC export offers fall; domestic price s rise today- Chinese HRC exports offers witness further slump over fragile sales and tepid demand hovering in nation’s domestic and overseas market.
News ID: 5923 Publish Date : 2019/08/15
The Argus Italian hot-rolled coil (HRC) index slipped by €1.25/t to €443.25/t ex-works today. The northwest European index was stable at €467.75/t ex-works.
News ID: 5880 Publish Date : 2019/08/12
US tungsten carbide scrap price s fell to the lowest level in more than a decade amid a decline in ammonium paratungstate (APT) price s and historically large volumes of virgin and scrap tungsten carbide inventory.
News ID: 5875 Publish Date : 2019/08/12
The steelmaker has lowered its domestic scrap purchase price for two of its works, on account of recent currency appreciation of Japanese Yen against US Dollar.
News ID: 5860 Publish Date : 2019/08/08
After Liu Zhongtian, the largest shareholder of China Zhongwang Holdings Ltd had been accused of ditching the U.S. about US$1.8 billion in tariffs through a scheme, the company said on Sunday it was seeking legal advice on the matter.
News ID: 5791 Publish Date : 2019/08/06
We were right. At the beginning of the year, in the January edition of the Gold Market Overview, we wrote that “2019 fundamental outlook for the gold market is better than one year ago”. The quote below will give you full insight into our predictions at that time:
News ID: 5745 Publish Date : 2019/08/05
Limited trades in Durgapur (eastern India) have resulted in decline in pellet offers. In Durgapur SteelMint’s reference, pellet price assessment stands at INR 6,000 (delivered) down sharply by INR 300-400/MT against INR 6,300-6,400/MT end of the last week assessment.
News ID: 5688 Publish Date : 2019/08/02
Billet: Yesterday, the ex-factory price of general carbon square billet in Tangshan, Changli and Qian‘an was settled at RMB 3,650/MT, up RMB 10. Today, the steel market is weak, and the price s of finished products trend lower. Mill direct sales are insufficient. The ex-warehouse spot is around RMB 3,700/MT tax-included with a few transactions.
News ID: 5654 Publish Date : 2019/08/01
Seaborne pellet price s rose today in line with the seaborne fines market, supported by expectations of looser restrictions on blast furnace operations in Tangshan in August.
News ID: 5611 Publish Date : 2019/07/30
Indian Ferro Chrome price s increased owing to higher Nickel price s and the improved Stainless-Steel price s in recent weeks. Ferro Chrome producers are relieved by the uptrend in the price s of Nickel and Chrome Ore and commented that now they are optimistic that the price s may have bottomed out for now and that the aggressive fall in price s has stopped. Overall price s of Ferro Chrome has increased in line with Chinese price s.
News ID: 5551 Publish Date : 2019/07/29
Medium sized re-rollers in Bangladesh have reduced their rebar offers sharply owing to limited buying inquiries from the traders and associates. Also ongoing monsoons have kept rebar demand dull in the country.
News ID: 5546 Publish Date : 2019/07/29
Medium sized re-rollers in Bangladesh have reduced their rebar offers sharply owing to limited buying inquiries from the traders and associates. Also ongoing monsoons have kept rebar demand dull in the country.
News ID: 5545 Publish Date : 2019/07/29
European central banks have ditched a 20-year-old agreement to coordinate their gold sales, saying they have no plans to sell large amounts of the metal, the European Central Bank (ECB) said on Friday.
News ID: 5520 Publish Date : 2019/07/28
Indian HRC price s witnessed further downside this week by around INR 750-1000/MT on the back of mute buying, liquidity issues and inactive demand prevailing in domestic market. Meanwhile price s in northern India like Faridabad and Delhi witnessed significant fall of around INR 800-1500/MT this week.
News ID: 5513 Publish Date : 2019/07/28
The steelmaker has raised its domestic scrap purchase price by JPY 500/MT (USD 5) at Utsunomiya plant following an upturn in Japanese scrap price amid tight supply.
News ID: 5477 Publish Date : 2019/07/25
China's ferrous scrap price s have risen to new 2019 highs, as high utilisation rates for electric arc furnaces (EAFs) and new restrictions on imports took effect from 1 July.
News ID: 5382 Publish Date : 2019/07/22
Vietnam’s domestic steel producer - Formosa Ha Tinh has today announced its monthly revision in its steel price s. The company has raised its HRC offers sharply by USD 25/MT for Sept shipments.
News ID: 5298 Publish Date : 2019/07/18
SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan have sharply declined over the last week on softening of price s globally, while trades in good volumes were concluded at favorable price s, with buyers taking advantage of India’s continued absence in the market.
News ID: 5249 Publish Date : 2019/07/17
This week Chinese steel price s witnessed downside over volatile futures.Meanwhile this in turn resulted to marginal decline in export offers from China.
News ID: 5238 Publish Date : 2019/07/17