Global ferrous scrap market observed downtrend in almost all major markets this week. Turkey observed further fall in prices in this week's cargo bookings, while south Asian markets continued to follow the downtrend. Japan's Tokyo Steel, as well as China's Shagang Steel, lowered their scrap purchase price twice this week while South Korea's Hyundai steel booked Japanese cargo last week after a gap of few weeks.
News ID: 6372 Publish Date : 2019/08/31
South Korea is focusing on petrochemical investments to support its export-reliant economy, which has been hit by a trade war with Japan.
News ID: 6119 Publish Date : 2019/08/22
The Japan-South Korea trade dispute has halted spot sales of Japanese ferrous scrap to South Korea over risks from new radiation checks. Japanese sellers are weighing alternate markets for around 2mn t of scrap in the second half of 2019.
News ID: 6082 Publish Date : 2019/08/22
Indian Ferro Chrome prices have gone up marginally from last week as most producers reduced their production levels in line with poor demand. Limited Quantity is available in the domestic market as producers have reduced their allocation in the domestic market to curb the free fall of prices. However, this has been countered by demand in the domestic market which has remained sluggish.
News ID: 6034 Publish Date : 2019/08/18
In a recent policy transition observed in ferrous scrap industry, the South Korean customs service department has increased their inspections on imported ferrous scrap from Japan, the largest scrap supplier to the country.
News ID: 5966 Publish Date : 2019/08/16
Discussions over imposing additional safeguard duties on steel imports are at an advanced stage at India's Directorate General of Trade Remedies (DGTR), the government body in charge of recommending safeguard duties.
News ID: 5944 Publish Date : 2019/08/15
Discussions over imposing additional safeguard duties on steel imports are at an advanced stage at India's Directorate General of Trade Remedies (DGTR), the government body in charge of recommending safeguard duties, India's steel ministry said.
News ID: 5941 Publish Date : 2019/08/15
Indian Ferro Chrome Prices have gone up in the recent past few weeks owing to better realizations in the export market along with higher Nickel prices and improvement in demand from Stainless Steel.
News ID: 5928 Publish Date : 2019/08/15
South Korean petrochemical producer YNCC has shut its 285,000 t/yr Yosu-based styrene monomer (SM) unit today after off-specification styrene was produced. The polymers content was higher than usual.
News ID: 5612 Publish Date : 2019/07/30
South Korea’s steel major - POSCO announced its Q2CY19 results today. The major findings from the quarterly report are as follows:
News ID: 5479 Publish Date : 2019/07/25
South Korea billet exports in Q2CY’19- South Korea’s billet exports remained stable on quarterly basis at 0.1 MnT since last two quarters in CY19.
News ID: 5351 Publish Date : 2019/07/20
South Korean based Hyundai Steel, in its Dangjin steel Mill can operate its blast furnace No 2 normally until the administrative authority comes out with probable alternatives to prevent fire or an explosion, as per Steel Daily.
News ID: 5241 Publish Date : 2019/07/17
Two of South Korea's biggest conglomerates are joining forces to build new C4 fractionation and bisphenol A (BPA) chain plants on the country's southern coast.
News ID: 5197 Publish Date : 2019/07/15
As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has again lowered the domestic H2 scrap purchase price by JPY 1000/MT (USD 9) at Kyushu works in western region, and by JPY 500/MT for its other 4 works, amid very weak sentiments in the domestic market. The new prices for all grades shall be effective from tomorrow (21st Jun'19).
News ID: 4888 Publish Date : 2019/06/24
Indian Finish long steel imports increased by around 36.5% M-o-M in May’19, as per recent released custom data maintained by SteelMint.
News ID: 4885 Publish Date : 2019/06/24
Ferro Chrome prices have hit the bottom amid low demand in the domestic and global market as well. Prices for Ferro Chrome are falling aggressively amid bearish market sentiments.
News ID: 4875 Publish Date : 2019/06/23
South Korean leading EAF steelmaker, Hyundai Steel has reportedly lowered the bids for Japanese scrap purchase by JPY 1,000/MT (USD 9) today.
News ID: 4818 Publish Date : 2019/06/14
South Korea's crude steel production increased and recorded a rise of 1.4% to 6.0 MnT in Apr'19 as against Apr'18. In line with it, in first 4 months of CY19, production also grew by 2.8% to 24.38 MnT in Jan-Apr'19 in comparison with 23.71 MnT during Jan-Apr'18.
News ID: 4711 Publish Date : 2019/06/01
South Korean leading EAF steelmaker, Hyundai Steel has reportedly lowered the bids for Japanese scrap purchase by another JPY 500/MT (USD 5) this week on account of availability of inventory with the steelmaker and uncertainty in the domestic Japanese scrap prices with steelmakers in 'Wait and Watch' mode.
News ID: 4645 Publish Date : 2019/05/27
Indian Ferro Chrome stoops to new low in this week. Prices have been gradually falling down since last month due to low demand. Producers reported that the market is more inclined towards the buyers side.
News ID: 4639 Publish Date : 2019/05/25
