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China 's gross domestic product (GDP) growth slid to a 27-year low of 6.2pc in the April-June quarter, compared with 6.4pc in the preceding three months. This has raised expectations of further stimulus measures to shore up the economy, which may boost steel demand in the infrastructure and housing sectors.
News ID: 5196    Publish Date : 2019/07/15

A total of 30,000t of third-quarter 2019 ICI 4 derivatives contracts traded today but trading activity was scarce in the physical market, with bids and offers softening.
News ID: 5194    Publish Date : 2019/07/15

As China ’s import restrictions have changed the market dynamics of the U.S. metal and paper scrap market and the scrap businesses across the U.S. are looking for new markets for recyclable, food and beverage cartons can still have a market in the U.S.
News ID: 5172    Publish Date : 2019/07/14

Hebei Sitong New Metal Material Co., Ltd. has joined Aluminium Stewardship Initiative as a Production & Transformation member, ASI announced on Thursday, 11 July 2019. The company, founded in 1998, focuses on R&D, production and sales of functional intermediate alloy, new materials and aluminium alloy wheel lightweight in China .
News ID: 5171    Publish Date : 2019/07/14

China ’s efforts to reduce some of the world’s worst air pollution are having a bonus positive effect, as they are improving the country’s potential to generate solar power by allowing more sunlight to reach the surface of the planet in that part of the world.
News ID: 5166    Publish Date : 2019/07/14

Raipur based pellet makers book over 50,000 MT for exports for August delivery, SteelMint learned from market participants. Although prices were not discovered at the time of publishing but SteelMint's price assessment for standard grade pellets stands at around USD 120-122/MT FOB India east coast. This is equivalent to INR 8,200-8,300/MT FoB basis.
News ID: 5145    Publish Date : 2019/07/13

World's second largest exporter of iron ore - Brazil has recorded iron ore export volumes at 150.02 MnT in H1 CY19, down 9% as compared to H1 CY18 exports at 164.51 MnT, according to trade statistics released by Brazil customs. Total volume of iron ore & pellet exports from Brazil stood at 161.84 MnT in H1 CY19 against 184.3 MnT in H1 CY18.
News ID: 5125    Publish Date : 2019/07/11

This week Chinese steel prices exhibited bearish market sentiments as the news of easing production cuts in Tangshan region will remain till end Jul’19. This resulted to slight fall in steel prices in China .
News ID: 5085    Publish Date : 2019/07/09

Global gold production hit another record just shy of 109m troy ounces in 2018, up more than 23m ounces since the start of the decade.
News ID: 5043    Publish Date : 2019/07/07

World's second largest exporter of iron ore - Brazil has recorded iron ore export volumes at 29.40 MnT in June'19 (data complied is for 19 working days), down slightly as compared to May'19 exports at 29.83 MnT, according to trade statistics released by Brazil customs. On yearly basis, exports dropped 17% as against 35.31 MnT in June'19.
News ID: 5040    Publish Date : 2019/07/06

Indian iron ore export volumes for Q1 FY20 (Apr-June'19) stood at 5.21 MnT, up significantly as against 2.15 MnT in previous quarter.
News ID: 5035    Publish Date : 2019/07/06

The US State Department is seriously considering using an Obama-era loophole to allow China to import oil from Iran, violating the Trump administration’s earlier pledge to bring Iranian oil exports down to zero, according to a report.
News ID: 5022    Publish Date : 2019/07/04

China is allowing additional crude oil import quotas to predominantly private oil refiners in the world’s top oil importer, Reuters reported on Tuesday, citing a document it has seen.
News ID: 5017    Publish Date : 2019/07/04

Chinese steel giant, Baowu Steel is expected to see its annual steel capacity to reach 100 MnT by the end of next year, Chen Derong, chairman of the steel giant said at the second round of equity financing conference of Baowu’s steel trading e-commerce platform held on 28 Jun’19.
News ID: 5016    Publish Date : 2019/07/04

Chinese HRC export offers strengthen further- Chinese HRC export offers increased further by USD 10/MT amid announced production cuts in Tangshan region. Also resumption in trade talks between USA and China has lead to positivity in market sentiments in China .
News ID: 5013    Publish Date : 2019/07/04

Gold tumbled back below $1,400 an ounce after the U.S. and China reached a truce in their trade war, dealing a blow to havens.
News ID: 5000    Publish Date : 2019/07/02

While China remains the world's largest producer of carbon emissions—where air pollution is still responsible for more than 1 million premature deaths a year—the Asian power is also the biggest investor in renewable energy.
News ID: 4986    Publish Date : 2019/07/02

As per updates received from sources, eastern China ’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group likely to announce the price hike for all grades of domestic steel scrap purchase by RMB 70-100/MT (USD 10-15) effective from today (29th June’19). The specific prices shall be based on the price of 2019-F10.
News ID: 4981    Publish Date : 2019/07/02

In recent conversation with market sources based in Bangladesh, SteelMint analyzed that imported HRC offers to Bangladesh from China registered increase by USD 20-25/MT in line with hike in export offers from China this week.
News ID: 4970    Publish Date : 2019/07/01

According to market sources reported to SteelMint, an east India based pellet maker-JSPL has concluded pellet export deal to China for 50,000 MT pellet (Fe 64%, and 3% Al). As per sources, the deal has been concluded at around USD 134-135/MT, CFR China for July shipment. As per sources, the deal was concluded towards end of last week.
News ID: 4967    Publish Date : 2019/07/01

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