With China becoming a key hub of Graphite electrodes over past two years, the demand for its key raw material – needle coke also increased. Few years back, before the hype around GE industry happened, needle coke was not of major interest to the steel industry participants. However, tables turned and in time span of two years, China added to its needle coke capacity, 550,000 tonnes in 2018 and 510,000 tonnes in 2019 (making its total capacity 1.06 MnT), thus leading to its increased supplies in the domestic market.
News ID: 7053 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
Oil slipped toward $61 a barrel on Monday, falling for a second day, pressured by expectations for a rise in US crude inventories and fading optimism over a US- China trade deal.
News ID: 7038 Publish Date : 2019/10/29
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
China is increasing thermal power output in its inland northwestern region while cutting back in some coastal provinces, in a trend that could raise domestic coal consumption relative to imports in the future.
News ID: 6958 Publish Date : 2019/10/24
Seaborne premium hard coking coal prices have increasingly fallen into a pattern of moving with domestic prices 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
Canadian mining firm Teck Resources produced 6.5mn t of coking coal in the third quarter, up by 2pc on the year, despite logistical constraints and material handling issues.
News ID: 6943 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
According to General Administration of Customs, China - the world's largest iron ore consumer and importer, recorded 19% increase in imports to 285.23 MnT in Q3 CY19 as against 239.7 MnT in Q2 CY19. The imports for the quarter picked up amid easing supplies from largest iron ore miners. Vale- announced resumption at its Brucutu mines and also resumed partial operation at its Vargem Grande Complex in Q3 CY19.
News ID: 6940 Publish Date : 2019/10/14
As per the data recently released by Chinese Customs, the nation's finished steel exports witnessed a decline of 8% to 15.9 MnT in Q3 CY'19 which was 17.37 MnT in the previous quarter.
News ID: 6939 Publish Date : 2019/10/14
This week, imported HRC offers to Vietnam from China inch down further amid lower HRC offers from other exporting nations.Indian steel mills have put their offers on hold. Last offers from mills were reported at USD 430/MT, CFR Vietnam. However offers for positioned cargoes from India is heard around USD 420/MT CFR basis.
News ID: 6937 Publish Date : 2019/10/14
The IMF has cut its growth predictions for Asia-Pacific economies for this and next year because of headwinds from policy uncertainty, trade disputes and weakness in major trading partners.
News ID: 6896 Publish Date : 2019/10/23
The premium for domestic cold-rolled coil (CRC) prices to hot-rolled coil (HRC) in China has been expanding since July, with HRC prices falling sharply and CRC prices holding stable.
News ID: 6894 Publish Date : 2019/10/23
Global Ferrous Scrap prices witnessed mixed price trends this week. Turkey, China and South Asian markets observed a sharp rebound in prices of latest deals concluded. However on the other hand Japanese scrap prices in both domestic and export market observed a downturn.
News ID: 6859 Publish Date : 2019/10/12
This is the first of a five-part special report on China 's small independent refiners. S&P Global Platts conducted an extensive tour of the Shandong-based refining sector to gauge the direction it is headed and what it means for global oil markets. Shandong's independents have come a long way, having driven China 's and global oil demand growth, but they also face new challenges as the country's overall refining sector evolves.
News ID: 6837 Publish Date : 2019/10/21
Changan Automobile Co., Ford’s local partner in China estimates its loss to increase to RMB 550 million in Q3 2019 from RMB 160 million (US$23 million)in Q2. The loss is claimed to be driven by plunging sales in its proprietary car unit and joint ventures with Ford Motor Co. and Mazda Motor Corp.
News ID: 6835 Publish Date : 2019/10/22
Indian steel producers reduced their product inventories in August and September on the back of an acceleration in exports amid a domestic demand slump.
News ID: 6831 Publish Date : 2019/10/22
Seaborne pellet prices rose this week, as steel mills stepped up use of direct-charge material on the back of sintering restrictions in Hebei and Shandong provinces.
News ID: 6826 Publish Date : 2019/10/22
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
China 's steel sector profitability remained sluggish in the peak sales month of October as a slowing economy and high output rates pressured product prices.
News ID: 6798 Publish Date : 2019/10/21