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 exported 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
Iranian billet export market sentiments remained supported this week on the back of supply tightness.
News ID: 5516 Publish Date : 2019/07/28
Iran exported 86,163 tons of non-oil goods worth $29.58 million to Ghana during the first Iranian month (March 21-April 20), registering an 85.34% and 7,801% growth in tonnage and value respectively compared with last year’s corresponding period, latest data released by the Islamic Republic of Iran Customs Administration show.
News ID: 5484 Publish Date : 2019/07/25
Global billet market witnessed some trades in SE Asia from Iranian mills; however disparity between bids & offers kept trades low in other markets. CIS nations: This week CIS billet export market remained slow witnessing less deals amid disparity between bids & offers.
News ID: 5474 Publish Date : 2019/07/25
Iran traded 103,023 tons of non-oil goods worth $22.27 million with Uzbekistan in the first Iranian month (March 21-April 20) to register a 755.04% and 194.94% growth in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.
News ID: 5442 Publish Date : 2019/07/24
Iranian Minister of Petroleum Bijan Zangeneh said the recent incidents concerning oil vessels had not impacted Iran’s oil exports yet.
News ID: 5364 Publish Date : 2019/07/21
This week CIS billet export market remained slow witnessing less deals amid disparity between bids & offers. According to market sources report to SteelMint, current offers to SE Asia are at USD 455-460/MT CFR however buying interest is seen at USD 445-450/MT, CFR SE Asia levels. Prices have softened by USD 5-10/MT against last week.
News ID: 5352 Publish Date : 2019/07/20
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
Chilean lawmakers have unanimously approved changes to a law that forces state-own Codelco, the world’s largest copper producer, to transfer 10% of its annual export sales to the country’s armed forces.
News ID: 5309 Publish Date : 2019/07/19
