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 export er, 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 export s.
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 export ed 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
Atotal of 177,150 tons of commodities worth 3 trillion rials ($25.86 million) were export ed from Iran's western Hamedan Province during the first three months of the current Iranian year (March 21-June 21).
News ID: 6163 Publish Date : 2019/08/25
SteelMint in conversation with traders based in Vietnam shared that a major Indian steel mill recently booked HRC cargoes for export to Vietnam for Sep or early Oct shipments.
News ID: 6157 Publish Date : 2019/08/25
PELLEX down by INR 150 to INR 6,100/wmt (DAP Raipur) against the last index at INR 6,250/wmt published on 16th Aug due to recent transactions. Deal for around 25,000 MT pellets was reported at INR 6,000-6,100/MT (DAP Raipur).
News ID: 6153 Publish Date : 2019/08/25
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 Silico Manganese Prices have been falling gradually every week for some time now. Amid low demand and sluggish market sentiments for finished steel, producers are reducing the prices to entice buyers. Demand is weak in both domestic as weak as the global market.
News ID: 6068 Publish Date : 2019/08/20
This week, Iranian billet export market was reported hushed. No deals were witnessed and mills are in no rush to conclude October deals. Also, country’s billet export offers are standing still at USD 385-390/MT, FoB identical as last week. The prime reason for the market reticence is Eid Festivity.
News ID: 6037 Publish Date : 2019/08/18
Vizag Steel also known as RINL, the state-owned steel maker under the Ministry of Steel, had invited tender for export of 10,836 MT billets, 5,418 MT blooms and 8,127 MT wire rod to Nepal on 30th Jul'19.
News ID: 6036 Publish Date : 2019/08/18
In the beginning of this week imported HRC offers to Vietnam reported decline as buyers are expecting further downside in prices over volatility in Chinese prices and lower export offers from India amid weakening domestic prices.
News ID: 6006 Publish Date : 2019/08/17
Australia - world's largest iron ore export er has recorded fall in iron ore shipment in July’19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 71.03 MnT in July'19, down 7% as compared to 76.31 MnT in June’19.
News ID: 5995 Publish Date : 2019/08/17
Indian iron ore export volumes for July’19 stood at 2.13 MnT, up 19% as against 1.79 MnT in June’19. On yearly basis, export s increased significantly compared to July’18 at 0.17 MnT.
News ID: 5980 Publish Date : 2019/08/16
The European Commission's proposed revisions to the hot-rolled coil (HRC) import safeguard quota could see Indian steelmakers and Russia's Severstal ramp up export s to the bloc.
News ID: 5939 Publish Date : 2019/08/15
Chinese HRC export offers fall; domestic prices rise today- Chinese HRC export s offers witness further slump over fragile sales and tepid demand hovering in nation’s domestic and overseas market.
News ID: 5923 Publish Date : 2019/08/15