Japan's naphtha imports for ethylene production in November fell against a year earlier for the third consecutive month, reflecting lower ethylene output and the rising use of butane as an alternative feedstock.
News ID: 7996 Publish Date : 2019/12/17
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 price s effective from today, 29th Nov’19.
News ID: 7963 Publish Date : 2019/11/29
Chevron, the largest US oil group, announced it has approved the development of a deepwater high-pressure oil project in the Anchor oil field in the US Gulf of Mexico, which will require $5.7 billion investment, in the industry’s first such deep-water high-pressure projec.
News ID: 7957 Publish Date : 2019/12/14
It is "impossible" for ArcelorMittal to remain in Italy after the Milan Tribunal ordered the shutdown of Ilva's blast furnace 2 (BF 2) this week, market participants said.
News ID: 7921 Publish Date : 2019/12/12
A senior energy official announced that Iran can now export some 25 million to 30 million liters of gasoline per day as a result of the implementation of the gasoline rationing scheme that recently came back into force.
News ID: 7809 Publish Date : 2019/12/08
Oil price s edged higher on rising expectations of deeper output cuts when OPEC and its allies meet this week, although skepticism about a deal among some analysts limited the gains.
News ID: 7759 Publish Date : 2019/12/03
Turkey: Imported scrap price s to Turkey have remained stable after inching up towards the beginning of the week, after a couple of deep-sea cargo bookings completed this week.
News ID: 7749 Publish Date : 2019/11/23
SteelMint in conversation with market participants learned low-grade fines (Fe 57/58) export price picked up to around USD 55-57/MT as against last week's assessment at around USD 54-57/MT. The market is supported amid rise in Chinese demand and falling iron ore inventory at major Chinese ports & restocking ahead winters.
News ID: 7746 Publish Date : 2019/11/23
As per the new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has hiked its scrap purchase bids by JPY 500/MT (USD 5) at all of its 5 works, coming days after the last price hike, Japanese scrap market seems to finally be in the uptrend again. The new price s for all grades shall be effective from tomorrow (19th Nov'19).
News ID: 7656 Publish Date : 2019/11/18
Major coal producers in China have pushed back against buyers' demands for price cuts next year, opting instead to keep price s unchanged in provisional 2020 contracts.
News ID: 7510 Publish Date : 2019/11/22
Northwest European steelmakers are hiking their hot-rolled coil (HRC) offers in response to strengthening Italian price s, and to use as leverage in fraught contractual negotiations.
News ID: 7489 Publish Date : 2019/11/15
US steel production has risen to fill the gap left by falling imports in the wake of imposition of Section 232 tariffs in March 2018, yet increased output and slowing global growth are weighing on price s and the US industry.
News ID: 7481 Publish Date : 2019/11/15
The National Iranian Oil Company (NIOC) plans to offer 6 million barrels of crude oil and condensates on the Iran Energy Exchange (IRENEX) on November 18.
News ID: 7446 Publish Date : 2019/11/14
Nepal based steel mills continue to actively book sponge iron from India.
News ID: 7400 Publish Date : 2019/11/07
Brazilian iron ore producer Vale has revised lower its shipment forecasts for this year, indicating tighter supplies for the rest of 2019 that may support seaborne price s.
News ID: 7383 Publish Date : 2019/11/12
Asia-Pacific styrene monomer (SM) producers are starting to reduce their operating rates after integrated producers endured a month of production losses for the first time since 2014.
News ID: 7380 Publish Date : 2019/11/12
SteelMint in conversation with market participants learned that bids for Indian low-grade fines from China have come down this week following the decline in global iron ore price . Low-grade fines (Fe 57/58) assessment of SteelMint moved down to around USD 53-55/MT CFR China, as against the last assessment at USD 55-57/MT, CFR China.
News ID: 7376 Publish Date : 2019/11/02
The average Producer Price Index for the mining sector in the four-quarter period ending Sept. 22, which marks the end of the second quarter of the current fiscal year (March 2019-20), increased by 59.2% compared with the same period of last year, according to data reported by the Statistical Center of Iran.
News ID: 7364 Publish Date : 2019/11/10
Chinese private-sector steel producer Jiangsu Shagang increased its rebar ex-works price s by 60 yuan/t ($9/t) for mid-November deliveries, as rebar inventories extended their falls into November to support spot price s.
News ID: 7356 Publish Date : 2019/11/11
Inventories of construction steel re-bar with large mills in India dropped to ~650,000 MT at the end of October, according to recent survey done by SteelMint.
News ID: 7341 Publish Date : 2019/11/04