Seaborne premium hard coking coal price s have increasingly fallen into a pattern of moving with domestic price s in China, as the country solidifies its position as the expected destination for available spot cargoes through to the end of the year.
News ID: 6944 Publish Date : 2019/10/25
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
US oil production is likely to peak in the next few years as current petroleum price s are capping the pace of expansion, Russian Energy Minister Alexander Novak said on Tuesday.
News ID: 6902 Publish Date : 2019/10/22
India's domestic rebar price s have continued to fall, despite receding monsoon rains in October, as construction activity remained constrained because of a lack of funds.
News ID: 6895 Publish Date : 2019/10/23
Sweden-based steelmaker SSAB plans to idle one of the blast furnaces at its Raahe steelworks in Finland for 4-6 weeks from the end of November.
News ID: 6892 Publish Date : 2019/10/23
Russian producers increased their output of coking coal in January-September, encouraged by the stronger price s of coking coal compared with thermal grades.
News ID: 6797 Publish Date : 2019/10/21
Global ferrous scrap market again witnessed a downward trend in most major markets. Turkey witnessed a marginal drop in price s in recent deep-sea cargo bookings at lower price s. South Asian markets witnessed healthy trade activities even as offers fell further. Japan's Tokyo Steel observed further cut in scrap purchase price s, while Kansai monthly Tender witnessed slight decline in winning bids. China's Shagang Steel kept their Scrap purchase price unchanged this week.
News ID: 6791 Publish Date : 2019/10/05
Indian Silico Manganese price s fell in both the domestic and export market for the eighth straight week. In the domestic market, buyers are negotiating for lower price s but producers are trying to hold on after having had to continuously lower their price s to significantly low levels.
News ID: 6481 Publish Date : 2019/09/23
This week Chinese steel price s tumbled in the domestic market in line with lenient winter production cuts and anticipation of increased production by year end. Thus increased inventories and slowdown in buying activities resulted to decline in domestic steel price s.
News ID: 6478 Publish Date : 2019/09/21
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has slashed its price for procurement all grades of domestic steel scrap by RMB 40/MT (USD 6) effective from today 20th September’19.
News ID: 6474 Publish Date : 2019/09/20
In conversation with industry participants, SteelMint learned that imported scrap offers to India have dropped again, on account of global softening earlier this week following the Turkish bookings at sharply lowered price s. Trades remained slow again this week as most buyers stood cautious of the downward trend.
News ID: 6472 Publish Date : 2019/09/20
Vale- World largest iron ore mine in a press release informs that it suspended works in one mining front of Brucutu mine, of São Gonçalo, State of Minas Gerais. Action taken against the company will not impact Brucutu mine's production.
News ID: 6464 Publish Date : 2019/09/13
As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has lowered its scrap purchase price by JPY 500/MT (USD 5) at its Utsunomiya plant in Kanto region, while the price s at its other 4 plants remain unchanged. This being the 2nd price cut by the company in Sep’19, the domestic scrap market in Japan continues its sharp downtrend, while the new price s for all grades shall be effective from today (13th Sept'19).
News ID: 6460 Publish Date : 2019/09/12
Indian Silico Manganese Prices went further down in line with low demand and bearish Steel Market sentiment. Demand is weak in both domestic as well as global markets. Producers are selling at much lower levels to clear their inventories. It is mostly a buyer’s market now, as buyers are negotiating aggressively and the producers are under severe selling pressure.
News ID: 6452 Publish Date : 2019/09/11
Indian Ferro Chrome Producers have limited stock with them due to temporary discontinuation of Chrome ore dispatches in the Jajpur area. Producers are struggling to fulfill their pre-booked orders. Prices are increasing in line with the confluence of factors such as:
News ID: 6449 Publish Date : 2019/09/11
This week SteelMint heard from its trade sources that domestic HRC price s slumped further by INR 500-1000/MT in traders market post announcement of roll over in flat steel price s by major steelmakers in month of Sep’19.
News ID: 6448 Publish Date : 2019/09/11
In recent conversations with industry participants, SteelMint learned that imported scrap price s to South East Asia have moved down significantly over the last 2 weeks, amid recent global downturn and slow demand domestically.
News ID: 6444 Publish Date : 2019/09/10
Western India (Rajasthan) based pellet maker -Jindal SAW increased pellet (Fe 63%) offers by INR 200/MT for the week. Current offers are at INR 8,000/MT (delivered Kandla) as against INR 7,800/MT towards the beginning of last week. The pellet maker is learned to have concluded deals at last offers of INR 7,800/MT following which it raised its offers. Jindal SAW runs a 1.5 MnT pellet plant in Bhilwara (Rajasthan).
News ID: 6442 Publish Date : 2019/09/10
Chinese spot iron ore price s (Fe 62% fines) increased today (i.e 10th Aug’19) to USD 93.2/MT, CFR China. The price s up as against USD 89/MT, CFR China a week ago. Spot Index increased by USD 1.25/MT on daily basis as against yesterday price s at USD 91.95/MT.
News ID: 6441 Publish Date : 2019/09/10
This week Chinese steel market exhibited mixed sentiments as domestic price s gained momentum and on the other hand, export offers slide down further over slowdown in global price s. Despite upside in domestic price s buying activities continue to remain thin both in domestic and overseas market.
News ID: 6417 Publish Date : 2019/09/07