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
According to the data maintained by SteelMint, Iran has exported 1.87 MnT iron ore via bulk shipments in the Feb'19 (during 22nd Jan- 21st Feb'19) and exports have hit eleven month high.
News ID: 3991 Publish Date : 2019/03/13
China's "zombie" enterprises are impeding the country's economic transformation, said the country's biggest state aluminium producer, even though thousands of such unprofitable and indebted state-owned firms have been eliminated.
News ID: 3989 Publish Date : 2019/03/12
China’s state-owned State Grid Corp promised further power price reductions for industrial and business users to support the economy, the company said on Sunday.
News ID: 3979 Publish Date : 2019/03/12
China’s Tianqi Lithium, the world’s No.3 producer of the metal used in electric vehicle batteries, will appoint three members to the board of Chile’s Chemical and Mining Society (SQM), as it recently acquired almost a quarter of the company.
News ID: 3928 Publish Date : 2019/03/09
According to the reports, Taishan Steel Group Co, the only sizeable stainless producer in East China’s Shandong province has just started constructing an 800,000 tonnes per year stainless cold rolling mill adjacent to its existing stainless hot-rolling mill in Laiwu district, Jinan city of Shandong.
News ID: 3891 Publish Date : 2019/03/08
China’s largest Graphite electrodes (GE) producer, Fangda Carbon has recently announced its performance forecast for the year 2018.
News ID: 3887 Publish Date : 2019/03/08
The European hot-rolled coil market appears to be in holiday mood despite approaching the seasonally strongest second quarter of the year.
News ID: 3884 Publish Date : 2019/03/07
China said it will form a national oil and pipeline company, the first public acknowledgment of the massive energy industry overhaul planned since at least 2014.
News ID: 3879 Publish Date : 2019/03/07
