Chile’s Codelco, the world’s largest copper producer, has signed a 10-year loan agreement with Export Development Canada, the country’s export credit agency, which will allow the state-owned miner to access $300 million to finance an ambitious overhaul of its aging mines.
News ID: 5868 Publish Date : 2019/08/12
Chinese HRC export offers continue to remain downside - Chinese HRC export s offers witnessed slight correction by USD 5/MT on weekly basis due to slow demand from overseas buyers.
News ID: 5857 Publish Date : 2019/08/08
Rashtriya Ispat Nigam Limited (RINL)- state owned steel maker under the Ministry of Steel, has invited a tender for export of 10,000 MT Wire Rod 20,000 MT Bloom, 10,000 MT Cast Round and 20,000 MT Billets.
News ID: 5856 Publish Date : 2019/08/08
SteelMint pellet Index (PELLEX) moved down by INR 200/MT to 6,450/ MT (DAP Raipur) against the last index published on 02nd Aug’19 amid falling indications in the export market and reduction in offers by pellet makers this week.
News ID: 5855 Publish Date : 2019/08/08
SteelMint in conversation with market sources learned that major Indian steelmakers have rolled over HRC, CRC prices in Aug’19. However market sources are eyeing for announcement of rebates and discounts owing to thin trades and sluggish demand experienced in domestic market.
News ID: 5829 Publish Date : 2019/08/07
In conversation with trade sources based in Nepal, SteelMint learned that major Indian steel mills are actively offering HRC export s to Nepal for Aug- Sep shipments. However Indian HRC export offers to Nepal reported marginal fall by USD 5/MT in recent deals concluded.
News ID: 5828 Publish Date : 2019/08/07
Indian Silico Manganese Prices drifted towards the lower side in the market. Producers are reducing their prices continuously to attract buyers. An Indian Producer said, “The market continues to operate in a downtrend and the demand is low as the Steel market is down’.
News ID: 5826 Publish Date : 2019/08/07
Iran's aerospace firms can become suppliers of spare parts for planes in the near future, an official said, adding that the country could even export spare parts to other world states at a later stage.
News ID: 5786 Publish Date : 2019/08/06
Latest official reports from Iranian authorities show that the country’s export has preponderated over its imports in the second quarter of 2019, indicating that Tehran’s economic policies to cushion Washington’s unilateral pressures are bearing fruit.
News ID: 5784 Publish Date : 2019/08/06
Indian induction grade billet export offers to Nepal declined following drop in Indian domestic prices, however as per suppliers buyers are in wait & watch mode with assumption of further drop in offers due to onset of monsoon which turned demand weak.
News ID: 5740 Publish Date : 2019/08/05
As per bulk vessel line up data maintained with SteelMint, South Africa iron ore export shipments to India dropped to nil in July’19 as compared to 53,000 MT in June’19. The drop is attributed to availability of comparatively less expensive domestic pellets. Major buyers from west India and south India have shifted to pellets. Jindal SAW pellet prices are assessed at INR 8,300/MT, delivered Kandla.
News ID: 5738 Publish Date : 2019/08/05
Producers in India and Bhutan have maintained the prices of Ferro Silicon despite low demand and thin trading activities. India is experiencing such a tough demand scenario for Ferro Silicon owing to the bearish Stainless and Steel market amid an oversupply of material. An Indian producer reported that they are willing to reduce the prices further for bulk quantities to generate sales.
News ID: 5737 Publish Date : 2019/08/05
Domestic plate prices have remained stable this week after witnessing continuous correction over seasonal slowdown with onset of monsoon season and thin trades happening in domestic market.
News ID: 5730 Publish Date : 2019/08/05
Steel Authority of India - a government of India company has floated export tender for prime mild steel non-alloy concast billets. The tender quantity is reported to be 18,900 MT. The cargo will be shipped from Haldia port. The tender was put up for Prime Mild Steel Non-Alloy Concast billet, size 125*125 mm offered from Durgapur Steel plant.
News ID: 5687 Publish Date : 2019/08/02
China - world’s largest consumer of ferrous scrap, has witnessed its scrap imports in H1 2019 reaching the record low levels since the data maintained by SteelMint, with the imports in this period recorded at just 155,685 MT, dropping by 82% Y-o-Y, in comparison to 856,413 MT in H1 2018.
News ID: 5649 Publish Date : 2019/08/01
This week Chinese steel prices remained volatile over fluctuating futures and softening demand. However nation’s HRC export offers remained stable and rebar export offers witnessed marginal decline. Meanwhile iron ore prices gained momentum towards the weekend.
News ID: 5648 Publish Date : 2019/08/01
The National Iranian Gas Company (NIGC) said that the gas case between NIGC and Türkmengaz Company was still being considered in the International Court of Arbitration.
News ID: 5603 Publish Date : 2019/07/30
Some $12.2 million worth of commodities have been export ed from Iran's Northwestern border crossing of Sarakhs in the first quarter of the current local calendar year (March 21-June 21), which indicates a 280% growth in comparison with the corresponding period in the last year.
News ID: 5585 Publish Date : 2019/07/29
This week Chinese steel prices remained volatile over fluctuating futures and softening demand. However nation’s HRC export offers remained stable and rebar export offers witnessed marginal decline. Meanwhile iron ore prices gained momentum towards the weekend.
News ID: 5561 Publish Date : 2019/07/29
Iranian thermal power plants have a 65-gigawatt production capacity which makes the country the 9th in the world in terms of electricity generation.
News ID: 5538 Publish Date : 2019/07/28