The continued rise in the Turkish ferrous scrap import price this week following the US increase of tariffs on steel imports from Turkey has highlighted the extent to which the US has become a marginal export market for Turkish rebar producers.
News ID: 6719 Publish Date : 2019/10/18
The long-awaited change to Mexican state-owned Pemex's Maya crude pricing formula finally came this week, as shifting environmental regulations and declining liquidity in select markets threatened to make the decades-old calculation obsolete.
News ID: 6715 Publish Date : 2019/10/18
One of India's largest steel producer - Vizag Steel, state owned steel maker under the Ministry of Steel, had invited a tender for export of 8,127 Billets, 8,127 MT Wire Rod and 5,418 MT Bloom to Nepal on 17th Sep'19.
News ID: 6700 Publish Date : 2019/10/03
Indian steel makers offering competitive HRC export offers to Vietnam- Amid flat buying and poor demand hovering in domestic market, Indian steel makers have resorted to ease off inventories to global market. Also low priced imports from Russian steel-makers to Vietnam pushed Indian HRC export offers on lower side.
News ID: 6699 Publish Date : 2019/10/03
Chinese export coil prices have held at a premium to delivered export s since mid-August. China in the past has pulled Asean prices higher to flip back to a discount, but this time the market expects China will be pulled lower.
News ID: 6580 Publish Date : 2019/10/09
Iran export ed more than $60 billion worth of non-oil goods during the past one and a half years, Iran's Economy Minister Farhad Dejpasand said.
News ID: 6574 Publish Date : 2019/10/08
As per the recent conversation of industry participants with SteelMint, major steel manufacturer based in western India booked around 50,000 MT of HRC for export to Vietnam.
News ID: 6485 Publish Date : 2019/09/23
Indian Silico Manganese prices fell in both the domestic and export market for the eighth straight week. In the domestic market, buyers are negotiating for lower prices but producers are trying to hold on after having had to continuously lower their prices to significantly low levels.
News ID: 6481 Publish Date : 2019/09/23
Mounting inventories and falling domestic demand are forcing Indian mills to remain active in export s market.In recent trade activities, Indian steel mills heard to have concluded around 100,000 MT HRC export deals for Oct shipments to Vietnam, SteelMint learnt from market participants.
News ID: 6467 Publish Date : 2019/09/13
This week SteelMint learned from market sources that Indian HR-Plate prices have witnessed further correction by INR 750-1000/MT in the domestic market.
News ID: 6461 Publish Date : 2019/09/12
Australia - world's largest iron ore export er has recorded rise in iron ore shipment in Aug’19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 75.51 MnT in Aug'19, up 6% as compared to 71.03 MnT in July’19. China marked the largest importer of Australian iron ore in Aug'19 at 62.21 MnT, up 8% M-o-M.
News ID: 6458 Publish Date : 2019/09/12
Sponge iron export demand strengthened with fresh deals concluded to Nepal as well as during last week for Bangladesh. The both neighbours are the key buyers of steel made by mid sized mills in eastern India.
News ID: 6456 Publish Date : 2019/09/12
As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has again lowered its scrap purchase price by JPY 500/MT (USD 5) at 4 out of its 5 plants today, except for Kyushu works. This comes as the 3rd price lowering by the company this month, while the new prices for all grades shall be effective from tomorrow (11th Sep’19)
News ID: 6446 Publish Date : 2019/09/10
This week Chinese steel market exhibited mixed sentiments as domestic prices gained momentum and on the other hand, export offers slide down further over slowdown in global prices. Despite upside in domestic prices buying activities continue to remain thin both in domestic and overseas market.
News ID: 6417 Publish Date : 2019/09/07
According to data maintained with SteelMint, Indian pellet export volumes in Aug'19 has been recorded at 1.42 MnT, up 19% on monthly basis as against 1.20 MnT a month ago. On yearly basis, export s increased sharply as compared to Aug'18 export s at 0.45 MnT.
News ID: 6412 Publish Date : 2019/09/06
Indian iron ore export volumes for Aug’19 recorded at 2.20 MnT, up 3% as against 2.13 MnT in July’19. On yearly basis, export s increased significantly compared to nil in Aug’18.
News ID: 6383 Publish Date : 2019/09/05
Southern India based pellet maker - KIOCL has concluded pellet export deal yesterday (i.e 03rd Sept’19) to China. The company concluded 50,000 MT pellet consisting of Fe 64% content with less than 2% alumina. As per the sources, the deal was concluded at around USD 98/MT, FoB India, which will be equivalent to USD 112-113/MT, CFR China.
News ID: 6380 Publish Date : 2019/09/04
Following decline in global iron ore fines price, Indian low grade iron ore fines export prices have also witnessed downturn. Odisha based manufacturer is heard to have concluded low grade iron ore (Fe 57%) fines deal for 50,000 MT. The material booked is for Sep loading and the deal is concluded at around USD 55/MT, CFR China. The freight charges from east coast to China is around USD 13-15/MT. However few indications for low grade fines export price were also heard at below USD 55/MT, CFR China.
News ID: 6376 Publish Date : 2019/08/31
World's second largest export er of iron ore - Brazil has recorded iron ore export volumes at 30.11 MnT in Aug'19, down 12% as compared to July'19 export s at 34.27 MnT, according to trade statistics released by Brazil customs. On yearly basis, export s dropped 15% as against 35.62 MnT in Aug'18. The data compiled is for 22 days.
News ID: 6360 Publish Date : 2019/09/03
Chinese HRC export offers slide further over thin trades- This week Chinese HRC export s offers move down slightly over subdued trades. Meanwhile overseas buyers continue to bid on lower side in order to procure material at cheaper prices.
News ID: 6359 Publish Date : 2019/09/03