With the end of winter heating season in March, Steelmakers in China 's largest steel producing city Tangshan and another city Handan will be required to continue the production cuts for second quarter starting from April till June 2019 as a part of local government’s efforts to improve air quality.
News ID: 4215 Publish Date : 2019/04/07
Renewable energy demand and capacity are growing explosively. When looking at numbers for wind energy production, China stands above all other countries.
News ID: 4204 Publish Date : 2019/04/06
Spot iron ore fines Fe 62% index has today jumped by almost USD 3.2/MT against yesterday and closed today at USD 87.05/MT, CNF China .
News ID: 4183 Publish Date : 2019/04/04
Eastern China ’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has lowered steel scrap purchase prices for all grades by RMB 40/MT (USD 6) effective from today (28th Mar’19).
News ID: 4181 Publish Date : 2019/03/30
Market sources in conversation with SteelMint shared that imported HRC offers to Vietnam have inched down this week by USD 5-10/MT amid competitive offers from steel mills in China .
News ID: 4165 Publish Date : 2019/03/29
According to National Bureau of Statistics, China - world's largest consumer and importer of iron ore has witnessed fall in crude iron ore production for Jan-Feb'19.
News ID: 4152 Publish Date : 2019/03/26
Australia - world's largest iron ore exporter has recorded rise in monthly export shipments in Feb'19, according to the vessel line up data maintained with SteelMint.
News ID: 4121 Publish Date : 2019/03/22
Market sources shared with SteelMint that imported HRC offers to Vietnam have inched down this week by USD 5/MT. Disparity between HRC export offers from mills in China , India and lower bids resulted to slowdown in buying activities from Vietnam.
News ID: 4120 Publish Date : 2019/03/22
China 's steel sector, and the imported iron ore upon which it relies, are currently locked in a struggle between largely bearish longer-term structural factors and short-term cyclical influences, some of which are bullish.
News ID: 4107 Publish Date : 2019/03/21
After remaining stable over the last two weeks, China ’s higher grade Graphite Electrode prices plunged down by RMB 2,000/MT (USD 298/MT) this week.
News ID: 4100 Publish Date : 2019/03/21
Indian Ferro Chrome prices remains unchanged in the domestic market amid sluggish market conditions. However, prices in the global market have risen.
News ID: 4097 Publish Date : 2019/03/21
SteelMint in conversation with market participants learned that Imported HRC offers to Bangladesh reported surge by around USD 15-20/MT from China .
News ID: 4096 Publish Date : 2019/03/21
According to the market participants report to SteelMint, Chinese mills continue to prefer low-grade iron ore which in turn kept inquiries for Indian pellets on the lower side. Even pellet port stocks in China have registered an increase in the last couple of weeks.
News ID: 4090 Publish Date : 2019/03/20
Major ferrous scrap markets exhibited an upward trend except for China . Prices moved up slowly amid positive sentiments in suppliers’ side and anticipation of a recovery in March demand in the near terms.
News ID: 4082 Publish Date : 2019/03/19
Graphite electrode makers around the globe had a wonderful run for almost a year starting from the latter half of 2017 amid supply-side structural changes in China which led to the promotion of steel production through electric furnace (EAF) route, ultimately resulting in the significant rise in the graphite electrodes demand and prices in China .
News ID: 4054 Publish Date : 2019/03/16
This week imported HRC offers to Bangladesh remain unchanged from China . Currently imported HRC (1.6-2mm) offers from China ’s major mills are heard in range of USD 575-580/MT CFR Chittagong.
News ID: 4051 Publish Date : 2019/03/16
MMTC- India’s largest and state-owned trading house, has floated EOI for empanelment of mine owners/ suppliers/ traders for the supply of non-canalised Iron Ore Fines and CLO.
News ID: 4049 Publish Date : 2019/03/16
The latest reports suggest that China ’s largest steel producer, Baowu Steel Group is mulling to set up its own manufacturing plant outside China in order to internationalize its business and strengthen its capacity with the intention to overcome the rising trade barriers.
News ID: 4035 Publish Date : 2019/03/15
Scrap imports from China and Vietnam observed significant fall in Jan’19
News ID: 4032 Publish Date : 2019/03/15
According to the recent data released by World Steel Association (WSA) total crude steel production of 66 steel manufacturing countries inch up by 1% to 146.70 MnT in Jan’19 as compared with 146.64 MnT in Dec’18.
News ID: 4011 Publish Date : 2019/03/14