This week Chinese steel market exhibited mixed sentiments as the steel export offers softened despite hike in domestic prices. Chinese HRC and rebar export offers inched down this week amid public holidays and subdued trades
News ID: 4279 Publish Date : 2019/04/09
China’s natural gas demand is set to grow by 14% in 2019 amid a huge government push to spur consumption of the fuel, a senior industry executive said, requiring the nation to import huge amounts of liquefied natural gas.
News ID: 4272 Publish Date : 2019/04/09
China’s on a bullion-buying spree. The world’s second-largest economy expanded its gold reserves for the fourth straight month, adding to optimism that central banks globally will continue to build holdings.
News ID: 4261 Publish Date : 2019/04/08
Following a mediation session led by representatives of Peru’s national government, Indigenous leaders and executives from Minera Las Bambas, a subsidiary of China’s MMG, reached an agreement that puts an end to a 2-month long conflict at Las Bambas copper mine.
News ID: 4258 Publish Date : 2019/04/08
According to data maintained with SteelMint, Indian pellet export volumes have remained majorly stable on yearly basis. Pellet export volumes were registered at 9.22 MnT in FY'19 against 8.96 MnT in FY'18.
News ID: 4245 Publish Date : 2019/04/08
The oil market has all but forgotten last year’s price crash.Money managers have not been this optimistic about US oil prices since early October, just before the crude market began a steep decline on fears of a global oversupply, Bloomberg reported.
News ID: 4221 Publish Date : 2019/04/07
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
Danieli’s scrap-recycling technology is reaffirmed by Novelis as a trusted solution
Henan Jiyuan Iron & Steel awards Danieli for new Jumbo Rounds caster in China
