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Oil giant Saudi Aramco on Sunday posted a 21% decline in 2019 net profit due to a drop in oil price s and production, and said it plans to “rationalize” capital spending in the wake of the coronavirus outbreak.
News ID: 8736    Publish Date : 2020/03/15

Canada's Methanex, the world's largest producer of methanol, has idled its 850,000 t/yr Titan plant in Trinidad effective today and will idle its 800,000 t/yr Chile IV methanol plant effective 1 April, both for an indefinite period.
News ID: 8727    Publish Date : 2020/03/16

The company has released its monthly steel output results yesterday which reported fall in crude steel and finished steel output in Feb '20 against the previous month.
News ID: 8715    Publish Date : 2020/03/12

Indian Silico Manganese price s remained unchanged owing to the dull steel market conditions. The selling pressure is quite intense in the domestic market. Meanwhile, price s in the export market also softened amidst currency fluctuations and the spread of deadly Coronavirus.
News ID: 8710    Publish Date : 2020/03/12

Gold price s are caught in a tug-of-war between acting as a safe haven and meeting liquidity needs. Still, expectations for further loosening of global monetary policy are likely to underpin the metal in the longer term, said Standard Chartered Thursday.
News ID: 8692    Publish Date : 2020/03/12

Gold price s are sharply lower and have fallen below psychological support at $1,600, falling victim to the old trading adage, “when you can’t sell what you want, you sell what you can.”
News ID: 8690    Publish Date : 2020/03/12

Asian styrene monomer (SM) price s fell today to an 11-year low after a corresponding slump in crude futures.
News ID: 8657    Publish Date : 2020/03/09

The last two years have been a roller coaster ride for the Graphite electrodes manufacturers globally. The supply-side structural changes in China that took place in the latter half of 2017 required polluting GE units to shut down and subsequently created its shortage and increased price s.
News ID: 8625    Publish Date : 2020/03/05

The medium scale steel mills in Dhaka, Bangladesh have kept their rebar price s firm over average demand prevailing in local market, SteelMint learned from its credible sources.
News ID: 8622    Publish Date : 2020/03/05

This week HR plate price s were reported largely stable on weak demand prevailing in the domestic market. Market participants in trade segment shared that recent increase in price s by steel manufacturers didn’t passed on to retail market over limited inquiries. Buyers are postponing their purchases amid higher plate price s.
News ID: 8619    Publish Date : 2020/03/05

Turkish imported scrap price s have slightly moved down, in a recent deep-sea cargo concluded yesterday. Turkish market for imported scrap had remained silent for over 10 days since the last major booking, with buyers bidding considerably low levels to pull down the price s.
News ID: 8615    Publish Date : 2020/03/03

Iranian domestic billet price s have witnessed an acute drop this week. The billet price s have fallen by IRR 8,800/kg, W-o-W. As a result of this event, the country’s finished steel price s are also witnessing the drop.
News ID: 8614    Publish Date : 2020/03/03

Imported scrap offers to Pakistan have come down in the last few days, after continuous uptrend for more than 3 weeks. Recent bookings in other markets at lowered price s, including a deep sea cargo to Turkey and 3 bulk cargoes to Bangladesh, have pulled down offers, while container shortage situation has led to a reduction in the number of offers from most suppliers.
News ID: 8612    Publish Date : 2020/03/03

Indian Silico Manganese price s 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 price s as the selling pressure intensified in the Durgapur area. This has also affected the Raipur market.
News ID: 8611    Publish Date : 2020/02/25

HRC import price s to India have come down sharply in a recent deal concluded, SteelMint learned from its close sources. A major South Korean steelmaker has concluded a deal for 10,000 MT HRC (SAE 1006 re rolling grade) with an Indian importer (steel manufacturer) at USD 500-503/MT CFR India for April shipments. The import booking is likely to arrive at Kandla port. The import price is lower by USD 20-22/MT against the last booking reported by SteelMint at USD 525/MT, CFR India in Jan'20.
News ID: 8609    Publish Date : 2020/02/25

Gold price s have quickly dropped from double-digit gains seen just a short while ago to double-digit losses in active trading late Friday morning.
News ID: 8595    Publish Date : 2020/03/06

Eastern China’s largest private ferrous scrap consumer and EAF steelmaker- Shagang Jiangsu Steel group has announced its first price cut in its scrap purchase price , after a gap of over 2 months since the last price revision on 9th Dec’19. For all major grades of domestic scrap, the company has lowered its purchase price by RMB 30/MT (USD 4) effective from today, 27th Feb’20
News ID: 8566    Publish Date : 2020/02/27

Domestic HR-Plate price s depicted mixed movements with a decline of INR 500/MT in the Mumbai market, however, exhibited stability in Delhi.
News ID: 8563    Publish Date : 2020/02/27

Japan’s leading EAF mini-mill, Tokyo Steel has lowered its scrap purchase price by JPY 500/MT (USD 5) at its Kyushu works, while keeping its bids unchanged for the other 4 plants, as per the latest price circular. The new price s for all grades shall be effective from tomorrow (28th Feb’20).
News ID: 8561    Publish Date : 2020/02/27

NMDC Donimalai pellet plant has resumed offering pellets after a gap of around five months. The company has quoted fresh offer Fe 64% pellets at INR 7,000/MT (FoT basis).
News ID: 8560    Publish Date : 2020/02/27

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