Mounting inventories and falling domestic demand are forcing Indian mills to remain active in exports 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 exporter 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, exports increased sharply as compared to Aug'18 exports 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, exports 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 exporter of iron ore - Brazil has recorded iron ore export volumes at 30.11 MnT in Aug'19, down 12% as compared to July'19 exports at 34.27 MnT, according to trade statistics released by Brazil customs. On yearly basis, exports 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 exports 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
Indian pellet export market has gained some movement after observing a week's silence. According to market sources reported to SteelMint, an east India based pellet maker has concluded pellet export deal to China for 50,000 MT pellet (Fe 64%, and 3% Al).
News ID: 6356 Publish Date : 2019/09/02
The price of chrome ore from both overseas and the Chinese market remained stable. Affected by the Indonesian government's ban on the export of nickel ore, the LME nickel has surged, which has pushed up the price of stainless steel.
News ID: 6354 Publish Date : 2019/09/02
The SE Asian billet import market reported dull this week. No deals were reported this week. The SteelMint analyzed the dim-witted situation in the region and learned; there is disparity between the offers and the buying interest, which has left the SE Asian market with no deals.
News ID: 6287 Publish Date : 2019/09/03
Vizag Steel, a leading state owned Pig iron producer and exporter, has issued an export tender of 25,000 MT basic grade steel making Pig iron for any country other than Nepal. The offered material has specifications - C: 3.5 - 4.8%; Mn: 0.50% (max); Si: 1.5% (max); P: 0.12% (max); S: 0.050% (max).
News ID: 6286 Publish Date : 2019/09/03
Iranian Oil Minister Bijan Namdar Zanganeh said that his country stands atop members of the Organization of the Petroleum Exporting Countries (OPEC) in production of gasoline, stressing plans to increase exports.
News ID: 6273 Publish Date : 2019/08/29
Indian pellet export market continues remain slow as market participants are awaiting firm bids from China. According to the market participants, no firm bids for pellets from China were heard but indications for export around USD 110-115/MT, CFR China levels (3% Al pellets).
News ID: 6182 Publish Date : 2019/08/26
Sponge iron export activities resumed for Bangladesh which remained silent last week due to Eid festive in the country.
News ID: 6177 Publish Date : 2019/08/26
Hemedan, one of the 31 provinces of Iran, has exported 177,150 tons of non-oil goods worth 3 trillion rials (about $26 million) in the first 3 months of the current local calendar year (March 21-June 21).
News ID: 6170 Publish Date : 2019/08/25
