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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

Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi described China as Iran's important partner in digital economy, and said both states are standing in the same front to confront the US unilateralism in the field of information technology (IT).
News ID: 4951    Publish Date : 2019/06/30

Iran has delivered the first crude oil to a Chinese refinery complex since the United States removed all sanction waivers for Iranian oil customers as of May.
News ID: 4943    Publish Date : 2019/06/30

Congo’s interior minister vowed to remove all illegal miners by Sunday from a copper and cobalt mine run by Glencore following a landslide this week that killed at least 43 of them.
News ID: 4938    Publish Date : 2019/06/30

China does not support US policy on eliminating Iran's oil exports, the director-general of the Department of Arms Control at the Chinese Foreign Ministry stated on Friday.
News ID: 4937    Publish Date : 2019/06/29

High-ranking diplomats from Iran, Russia, and China held trilateral talks on ways to save the 2015 nuclear deal known as the Joint Comprehensive Plan of Action ahead of the JCPOA Joint Commission meeting in Austria.
News ID: 4935    Publish Date : 2019/06/29

Vietnam Ministry of Industry and Trade is planning to impose temporary anti dumping duty on some color coated steel products arriving from China and South Korea, it said earlier this week.
News ID: 4894    Publish Date : 2019/06/24

Central India based pellet maker - Godawari Power & Ispat has recently concluded pellet export deal to China , SteelMint learned. Deal for 50,000 MT iron ore pellets (Fe 64%, less than 2% Al) has been concluded at around USD 133-134/MT, CFR China (equivalent to USD 123-124/MT, FoB India). The cargo is likely to be shipped in Jul'19.
News ID: 4890    Publish Date : 2019/06/24

SteelMint in conversation with its market sources learned that Vietnam based steel mill booked HRC from China for July end or early August shipments.
News ID: 4887    Publish Date : 2019/06/24

Iran traded 903,607 tons of non-oil commodities worth $568.38 million with the UAE during the first Iranian month (March 21-April 20), registering a 32.7% and 34.15% decline in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.
News ID: 4884    Publish Date : 2019/06/23

Indian pellet export prices have moved up by USD 3-4/MT this week. According to market sources report to SteelMint, east India based pellet maker Brahmani River Pellets Ltd (BRPL) has recently concluded export deal to China for 50,000 MT pellet.
News ID: 4866    Publish Date : 2019/06/23

Since the second quarter, the domestic prices of chrome ore and Ferro Chrome have been in a free-fall, reflected by the downward price adjustment and tepid transactions. The insiders from the whole chain of chrome industry incline to be conservative towards the short-term market of chrome, and their market participation is passive.
News ID: 4865    Publish Date : 2019/06/23

According to National Bureau of Statistics, China - world's largest consumer and importer of iron ore has witnessed rise in crude iron ore production for May'19. The production in May'19 recorded at 70.8 MnT, up 3% against 68.5 MnT in Apr'19.
News ID: 4860    Publish Date : 2019/06/20

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 50/MT (USD 7) effective from tomorrow (18th June’19).
News ID: 4850    Publish Date : 2019/06/20

This was the consecutive week, in which Turkey's scrap import prices fell down by USD 8-10/MT and global billet market witnessed yet another dull week. Although it was not surprising for the marketers, the market acted exactly in line with the expected resonance
News ID: 4838    Publish Date : 2019/06/18

The Chinese graphite electrodes prices especially that of UHP grade continues to remain stable this week. The current prices in China of UHP grade GE of size 450mm are heard to be in the range of RMB 24,000 – 26,000/MT (USD 3,470 – 3,760/MT) whereas that of size 600mm are in the range of RMB 48,000 – 60,000/MT (USD 6,940 – 8,675/MT).
News ID: 4831    Publish Date : 2019/06/16

In the latest conversation with market sources based in Bangladesh, SteelMint analyzed that imported HRC offers to Bangladesh from China witnessed significant decline by USD 20-25/MT in last couple of weeks. Bangladesh market has opened this week after Eid holidays.
News ID: 4826    Publish Date : 2019/06/15

According to latest data released by Chinese customs, nation’s finished steel exports in May’19 stood at 5.74 MnT, declined by 9% over 6.33 MnT in Apr’19.
News ID: 4810    Publish Date : 2019/06/11

According to General Administration of Customs, China - the world's largest iron ore consumer and importer, recorded 4% rise in iron ore imports to 83.75 MnT in May'19 against hitting 18 months low in Apr'19 at 80.77 MnT.
News ID: 4809    Publish Date : 2019/06/11

This week imported HRC offers to Vietnam inched down further in line with continual decline in HRC export offers from China . Chinese HRC exports offers have reached to rock bottom due to significant fall in domestic prices.
News ID: 4808    Publish Date : 2019/06/11

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