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According to market sources report to SteelMint, China has booked around 44,000 MT billet from Iran this week. The deal value was reported to be USD 390/MT FoB Iran for which landed price would come around USD 440-445/MT, CFR levels
News ID: 5722    Publish Date : 2019/08/05

According to the latest reports, key industry officials of CISA ( China Iron and Steel Association) in its annual midyear convention has highlighted that China ’s is set to increase its efforts to keep in check the unwanted, polluting and substandard steel output in order to contain risks from excess capacity and promote high quality development in the steel industry.
News ID: 5720    Publish Date : 2019/08/05

Iranian Vice-President and Head of the Management and Planning Organization Mohammad Baqer Nobakht stressed failure of enemies in leaving a major impact on Iran's economy by imposing the toughest-ever sanctions.
News ID: 5668    Publish Date : 2019/08/01

This week, the price of RSA chrome ore has gone up by USD 5-7/MT CIF China due to supply quantity control by major suppliers. This prompted the mainstream producing countries such as Turkey and Pakistan to lift up their offers on future supply.
News ID: 5643    Publish Date : 2019/08/01

Seaborne pellet prices rose today in line with the seaborne fines market, supported by expectations of looser restrictions on blast furnace operations in Tangshan in August.
News ID: 5611    Publish Date : 2019/07/30

O.M.LER srl: GREAT SUCCESS OF THE LAST GIFA FAIR EDITION AND IMPORTANT PARTNERSHIP WITH WORLDWIDE DISTRIBUTORS
News ID: 5609    Publish Date : 2019/07/30

Nouryon acquired Zhejiang Friend Chemical Co. (Friend), the largest producer of triethyl aluminium (TEAL) in China . TEAL is a metal alkyl used in the production of polypropylene and polyethylene.
News ID: 5604    Publish Date : 2019/07/30

Beijing has largely defied Washington sanctions on Iran by continuing to import oil from the country even after the administration of President Donald Trump ended exemptions given to China for buying Iran’s crude in May, data provided by China ’s customs authorities showed.
News ID: 5592    Publish Date : 2019/07/29

This week, the price of RSA chrome ore has gone up by USD 5-7/MT CIF China due to supply quantity control by major suppliers. This prompted the mainstream producing countries such as Turkey and Pakistan to lift up their offers on future supply.
News ID: 5555    Publish Date : 2019/07/29

According to the recent data released by World Steel Association (WSA) total crude steel production of 64 steel manufacturing countries moved up by 5% to 924.99 MnT in Jan-Jun’19 as compared to 881.68 MnT in Jan-Jun’18.
News ID: 5552    Publish Date : 2019/07/29

Imported HRC offers to Vietnam have reported fall of USD 5/MT against the offers assessed in beginning of this week.
News ID: 5547    Publish Date : 2019/07/29

Renault and Toyota Motor have each signed a deal with a domestic Chinese electrified vehicle manufacturer to jointly produce EVs. China is encouraging foreign automakers to strike similar deals with domestic producers in order to expand EV output in the country.
News ID: 5542    Publish Date : 2019/07/28

China ’s central authorities have barred 11 provinces and cities from allowing foundry capacity expansion, in order to improve air quality.
News ID: 5541    Publish Date : 2019/07/28

China is still importing oil from Iran weeks after the US imposed sanctions aimed at halting sales of crude from the Persian Gulf nation, Official customs data showed.
News ID: 5529    Publish Date : 2019/07/28

China ’s still importing oil from Iran weeks after the US imposed sanctions aimed at halting sales of crude from the Persian Gulf nation.
News ID: 5524    Publish Date : 2019/07/28

Indian HRC prices witnessed further downside this week by around INR 750-1000/MT on the back of mute buying, liquidity issues and inactive demand prevailing in domestic market. Meanwhile prices in northern India like Faridabad and Delhi witnessed significant fall of around INR 800-1500/MT this week.
News ID: 5513    Publish Date : 2019/07/28

There were further signs that the low-calorific value Indonesian coal market was softening today, as details of a trade involving an August-loading GAR 4,200 kcal/kg cargo emerged at a lower price than recent comparable transactions.
News ID: 5491    Publish Date : 2019/07/25

The China Association of Automobile Manufacturers (CAAM) has forecast the automobile sales to drop in China in 2019. Weaker purchasing capacity due to slower economic growth and the new vehicle emission standards could be some of the reasons for the estimated drop in car sales, according to a report by staffs from the association.
News ID: 5488    Publish Date : 2019/07/25

The global aluminium powder market is clearly growing buoyed by the automotive paints and sealants and other industrial pigments sectors. According to a research study, the market in 2017 was valued at US$ 3 billion and is likely to reach US$ 3.92 billion by the end of 2025, growing at a CAGR of 3.4 per cent during 2017-2025. China and India are estimated to be the two primary piggybacks in the coming time to stimulate the market.
News ID: 5487    Publish Date : 2019/07/25

Oil prices nudged higher on Wednesday on rising tensions in the Persian Gulf, a sharp fall in US crude stocks and positive signs on Sino-US talks, although worries about weak demand kept a cap on gains.
News ID: 5483    Publish Date : 2019/07/25

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