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China , the top buyer of Iranian oil, dismissed Washington’s warning to Hong Kong that it could face penalties if it provides services to a vessel carrying Iranian oil headed for the autonomous territory, saying “normal energy dealings” with Tehran are in accordance with law and should be respected.
News ID: 4681    Publish Date : 2019/05/30

A recent spike in electric vehicle sales in B.C. is part of a global trend that saw 5.1 million EVs sold last year, according to the International Energy Agency (IEA).
News ID: 4667    Publish Date : 2019/05/28

India has officially ended all oil imports from Iran, India’s Ambassador to the United States Harsh Vardhan Shringla said on Wednesday, after Prime Minister Narendra Modi managed to emerge victorious from India’s elections.
News ID: 4659    Publish Date : 2019/05/28

It seems that the Graphite electrodes shortage that has cropped up in China in the latter of 2017 amid closure of polluting GE units seems to settle out as considerable surge have been recorded in country’s electrodes production as well as exports for the first quarter of 2019.
News ID: 4621    Publish Date : 2019/05/22

According to the latest data from the National Bureau of Statistics, China 's daily average crude steel output in April 2019 was 2,834,300 tonnes, breaking the record high average of 2,694,800 tonnes per day of crude steel output in September 2018.
News ID: 4619    Publish Date : 2019/05/22

Oil prices rose on Tuesday on escalating US-Iran tensions and amid expectations that producer club OPEC will continue to withhold supply this year.
News ID: 4615    Publish Date : 2019/05/22

The iron ore market is on a surge, the price last week punching up through the $100-per tonne level for the first time in five years.
News ID: 4606    Publish Date : 2019/05/21

This week Chinese steel prices softened amid deprecation of nation’s currency Yuan against USD. Meanwhile USA govt imposed tariffs of 25% on $200 billion worth of Chinese imports. This resulted to pessimistic market sentiments and in turn weakened export offers from China .
News ID: 4593    Publish Date : 2019/05/20

SteelMint has heard that the Hebei province’s Tangshan city has set higher iron and steel capacity cuts target for 2019 after the feedback received from the air pollution inspection team recently.
News ID: 4558    Publish Date : 2019/05/17

Southern India based pellet maker - KIOCL has concluded pellet export deal recently via tender floated. The company had floated export tender offering 50,000 MT pellet consisting of Fe 64% content with less than 2% Al for which the bid due date was 14 May’19.
News ID: 4553    Publish Date : 2019/05/16

Eastern China ’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has lowered steel scrap purchase price for all grades by RMB 40/MT (USD 5.8) effective from today (15th May’19).
News ID: 4548    Publish Date : 2019/05/16

China ’s major steelmaker Baosteel recently announced flat steel prices for June deliveries. The company has rolled over its flat steel prices for second consecutive month.
News ID: 4541    Publish Date : 2019/05/16

According to General Administration of Customs, China - the world's largest iron ore consumer and importer, recorded fall of 7% in iron ore imports to 80.77 MnT in Apr'19 against 86.42 MnT in Mar'19
News ID: 4520    Publish Date : 2019/05/14

SteelMint in conversation with trade sources learned that, steel mills in Vietnam have recently booked imported HRC with China for June shipments.
News ID: 4518    Publish Date : 2019/05/14

Indian Ferro Chrome prices fell again for consecutively five weeks in line with lacklustre stainless steel demand, prompting Stainless Steel producers to reduce production, and thereby adversely affecting demand for Ferro Chrome.
News ID: 4516    Publish Date : 2019/05/14

China iron ore future edged up 4% today due to supply crisis from Vale over delay in resumption at Brucutu mines. Vale on Monday (6th May) was ordered by the Minas Gerais Court of Justice (Tribunal de Justiça do Estado de Minas Gerais - "TJMG") to hold production at its Brucutu mines.
News ID: 4512    Publish Date : 2019/05/14

Prevailing holidays in key countries like China , Japan and Vietnam, kept trades on lower side last week.
News ID: 4503    Publish Date : 2019/05/14

Indian iron ore export volumes increased by 14% to 1.36 MnT as against 1.19 MnT in Mar’19. On yearly basis, iron ore export increased by 15% as against 1.18 MnT in the month of April’18 last year. Iron ore exports from India have climbed to 1-year high as similar level of exports was last seen in Mar’18 at 2.63 MnT.
News ID: 4496    Publish Date : 2019/05/10

According to data maintained with SteelMint, Indian pellet export volumes for Apr'19 have been recorded at 0.88 MnT, down 25% on monthly basis as against 1.17 MnT a month ago.
News ID: 4495    Publish Date : 2019/05/10

Hot-rolled coil prices rose by RMB 20,and 1500mm wide flat sheet by first-tier mill offered at RMB 3,910/MT, second-tier at RMB 3,900/MT while Q345 flat sheet at RMB 4,070/MT. Transaction is good.
News ID: 4468    Publish Date : 2019/05/09

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