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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

India has recorded sharp growth in billet/bloom export shipments against last month. Based on data of ports maintained with SteelMint, India has exported approximately 181,310 MT of billets and blooms in Sep’19 against around 64,000 MT in Aug’19.
News ID: 6793    Publish Date : 2019/10/05

Pollution cuts slowed China 's September crude steel output but were not enough to erase gains from a year ago.
News ID: 6736    Publish Date : 2019/10/18

Steel market participants are far from optimistic that China will significantly boost its economic stimulus after the country's GDP growth rate fell to 6pc during July-September, still within Beijing's target of 6-6.5pc growth for this year.
News ID: 6729    Publish Date : 2019/10/18

Indian iron ore export shipments in Sep’19 was recorded at 1.14 MnT, down 48% as against 2.20 MnT in Aug’19. On yearly basis, exports increased significantly compared to 0.12 MnT in Sep’18.
News ID: 6694    Publish Date : 2019/10/03

A Hebei steel mill in north China has signed an initial agreement to buy Indian pellet indexed to Argus assessments.
News ID: 6687    Publish Date : 2019/10/17

The IMF yet again has marked down its projections for global economic growth this year and next because of the US- China trade war.
News ID: 6662    Publish Date : 2019/10/15

China ’s production and sales of new energy vehicles (NEVs) continued to decline in September, the China Association of Automobile Manufacturers (CAAM) said on Monday. The country produced 89,000 units of NEVs last month, down 29.9% year-on-year.
News ID: 6658    Publish Date : 2019/10/14

China 's new-vehicle market has contracted for the 15th straight month, with sales declining 5.2 percent from a year earlier to 2.27 million in September, as the nation’s weakening economy continues to weigh on light vehicle demand.
News ID: 6657    Publish Date : 2019/10/15

Oil prices fell Monday as scant details about the first phase of a trade deal between the United States and China undercut optimism over a US-Sino thaw that had helped lift crude markets by 2% at the end of last week.
News ID: 6648    Publish Date : 2019/10/14

An Iranian delegation is planning to visit China ’s Hi-Tech Fair, also known as CHTF 2019, from Nov. 10-14 in Shenzhen to expand bilateral ties and collaborations with innovative and knowledge-based companies and startups in the host country.
News ID: 6637    Publish Date : 2019/10/11

Chinese steel producer Jiangsu Shagang has raised its rebar ex-works prices by 30 yuan/t ($4.20/t) for mid-October deliveries in response to solid rebar demand during the high season.
News ID: 6628    Publish Date : 2019/10/11

The Yunnan government in China will auction stocks of gallium, germanium, selenium and tellurium held by the bankrupt Fanya metal exchange (FME) on 27 October.
News ID: 6624    Publish Date : 2019/10/11

The Chinese government plans to overhaul the categorisation of high-purity scrap metal as raw material as part of its strategy to accelerate the development of its domestic recycling industry.
News ID: 6621    Publish Date : 2019/10/11

Chinese oil imports from ship-to-ship transfers surged last month as flows from some traditional suppliers were crimped by the White House’s aggressive trade and foreign policies.
News ID: 6601    Publish Date : 2019/10/09

This week, global billet market reported trade active as China resumed billet imports due to on production cuts in the country. However, Turkey's imported scrap remained heftier market sentiments. Turkish imported scrap prices have fallen again after a couple of fresh deep-sea cargo bookings were signed at prices lower by a further USD 5-6/MT, SteelMint learned from market participants. After remaining firm for over a week, the recent decline has ensured that prices have now plunged by over USD 70/MT in the last 2 months.
News ID: 6600    Publish Date : 2019/09/28

Global ferrous scrap market witnessed a downward trend for yet another weeks in most major markets. Turkey witnessed further prices drop on a few deep-sea cargo bookings at lower prices. All South Asian markets witnessed fall in offers, with India seeing improvement in Buying activity. Hyundai Steel again cut its bids for procurement of Japanese imported scrap, while Japan's Tokyo Steel and China 's Shagang Steel kept their Scrap purchase price unchanged this week.
News ID: 6596    Publish Date : 2019/09/28

Numerous entrepreneurs and experts exchanged views in Nuremberg last week at the 2nd Silk Road Congress and discussed new opportunities.
News ID: 6578    Publish Date : 2019/10/08

Oil prices were up on Monday, buoyed by hopes of progress in US- China trade talks and supported by challenges to supply facing major exporters.
News ID: 6565    Publish Date : 2019/10/07

Nio Inc. announced last week, it would open smaller showrooms for better sales network, cut jobs and spin off some business units after reporting a second-quarter loss of US$478.6 million, 25 per cent more than its first-quarter loss. The move was decided to control massive cash crunch amid slowing electric vehicle sales in China after the subsidy cut.
News ID: 6545    Publish Date : 2019/09/28

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