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Southern India based pellet maker - KIOCL has concluded pellet export deal yesterday (i.e 03rd Sept’19) to China . The company concluded 50,000 MT pellet consisting of Fe 64% content with less than 2% alumina. As per the sources, the deal was concluded at around USD 98/MT, FoB India, which will be equivalent to USD 112-113/MT, CFR China .
News ID: 6380    Publish Date : 2019/09/04

Following decline in global iron ore fines price, Indian low grade iron ore fines export prices have also witnessed downturn. Odisha based manufacturer is heard to have concluded low grade iron ore (Fe 57%) fines deal for 50,000 MT. The material booked is for Sep loading and the deal is concluded at around USD 55/MT, CFR China . The freight charges from east coast to China is around USD 13-15/MT. However few indications for low grade fines export price were also heard at below USD 55/MT, CFR China .
News ID: 6376    Publish Date : 2019/08/31

Eastern China ’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced another price cut for all grades of domestic steel scrap procurement by RMB 50/MT (USD 7) effective from 30 Aug'19. Notably, this is steel mills' 2nd price cut in a week's time. Prior to this, the company had cut prices by RMB 60 two days back. Falling billet & steel prices resulted in lowering of scrap purchase prices.
News ID: 6375    Publish Date : 2019/08/31

Global ferrous scrap market observed downtrend in almost all major markets this week. Turkey observed further fall in prices in this week's cargo bookings, while south Asian markets continued to follow the downtrend. Japan's Tokyo Steel, as well as China 's Shagang Steel, lowered their scrap purchase price twice this week while South Korea's Hyundai steel booked Japanese cargo last week after a gap of few weeks.
News ID: 6372    Publish Date : 2019/08/31

Billet: Yesterday, the ex-factory price of general carbon square billet in Tangshan, Changli was settled at RMB 3,330/MT, up RMB 20; while the same in Qian‘an area was settled at RMB 3,330/MT, up RMB 10. In the morning session today, Changli area saw cumulative gain of RMB 20 to RMB 3,350/MT. Transactions on billet were smooth after price uptick while price of finished steel mainly trended up.
News ID: 6362    Publish Date : 2019/09/03

Indian pellet export market has gained some movement after observing a week's silence. According to market sources reported to SteelMint, an east India based pellet maker has concluded pellet export deal to China for 50,000 MT pellet (Fe 64%, and 3% Al).
News ID: 6356    Publish Date : 2019/09/02

The price of chrome ore from both overseas and the Chinese market remained stable. Affected by the Indonesian government's ban on the export of nickel ore, the LME nickel has surged, which has pushed up the price of stainless steel.
News ID: 6354    Publish Date : 2019/09/02

China ’s largest lithium battery maker has bought an 8.5% stake in Australian miner Pilbara Minerals (ASX:PLS), both companies said on Thursday, after falling prices caused mainly by oversupply drove the lithium producer to raise equity to fund working capital.
News ID: 6296    Publish Date : 2019/09/04

Further signs began to emerge that low-calorific value (CV) Indonesian coal prices could be starting to firm, with bids emerging at slightly higher levels than yesterday.
News ID: 6293    Publish Date : 2019/09/03

Where are zinc prices headed? It’s a question that brings distinctly different opinions and forecasts from the bullish and bearish camps.
News ID: 6292    Publish Date : 2019/09/03

Investors are going for gold in a big way. Inflows into bullion-backed exchange-traded funds topped 100 tons in August to hit the highest since February 2013 as the trade war worsened, risk assets took a knock, and central banks signaled looser monetary policy.
News ID: 6291    Publish Date : 2019/09/03

Ahandful of oil tankers carrying US crude to China are racing to beat the September 1 deadline when Beijing's 5% tariff on US crude imports will kick in, but not all will cross the finishing line on time.
News ID: 6267    Publish Date : 2019/08/29

Chinese producer SP Chemical has achieved on-specification ethylene production at its Taixing 700,000 t/yr LPG-based cracker.
News ID: 6215    Publish Date : 2019/08/28

A shortage of bunker fuel and barges in Singapore has sent delivered premiums for 380cst high-sulphur fuel oil (HSFO) to record highs.
News ID: 6214    Publish Date : 2019/08/28

China 's ferrous scrap consumption totalled 101.1mn t in this year's first half, up by 15.3pc from a year earlier on the back of higher scrap feed in the basic oxygen furnaces (BoF) of blast furnace-based steel mills.
News ID: 6213    Publish Date : 2019/08/28

Towards the end of this week imported HRC offers to Vietnam witness further slump on the back of continual drop in HRC export offers from China . Thus buyers based in Vietnam are eyeing for lower HRC offers from China and thus continue to keep bidding on lower side.
News ID: 6206    Publish Date : 2019/08/28

Bearish sentiments in China ’s graphite electrodes market continued this week amid drop in the country’s domestic steel prices. The tepid downstream demand is taking toll upon China ’s GE market and few of the EAF manufacturers have stalled their production resulting in plunge in GE demand and its prices (especially that of non-UHP grade electrodes and small sized electrodes).
News ID: 6201    Publish Date : 2019/08/28

Following the constant downturn in semi-finished and finished steel prices, market expects Odisha merchant miners to revise iron ore prices in the near short term. Current SteelMint assessment of 5-18mm is at INR 3,700-3,800/MT and for fines is at INR 2,000/MT ex-mines, including Royalty, DMF & NMET, GST extra). As per the sources, market participants are expecting a price cut from the Odisha merchant miners soon. Although miners haven't announced any indications yet but trade sources are expecting a reduction of INR 150-200/MT.
News ID: 6198    Publish Date : 2019/08/27

Eastern China ’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced price hike for all grades of domestic steel scrap procurement by RMB 50/MT (USD 7) effective from yesterday 21st Aug'19. Notably, after witnessing successive 4 price cuts by a total RMB 160 in the first two weeks of Aug’19, the steelmaker has lifted scrap prices on environmental issues and tightening supply again.
News ID: 6196    Publish Date : 2019/08/27

Iron ore miner Fortescue Metals Group on Monday posted a record profit and bumper dividend, and said it was still seeing solid demand growth despite trade tensions between China and the United States.
News ID: 6190    Publish Date : 2019/08/26

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