China- world’s largest consumer of ferrous scrap has witnessed a significant fall in its export s of ferrous scrap in Q1'2019 on yearly premises.
News ID: 4441 Publish Date : 2019/05/07
India’s steel giant - Tata Steel announced FY19 results yesterday. SteelMint attended the analyst/investor conference call and the highlights are mentioned below.
News ID: 4440 Publish Date : 2019/05/07
India pellet export market remains quiet this week. Indian pellet makers were heard offering Fe 64/63% pellets with 3% Alumina at USD 119-120/MT CFR China but no deals were reported.
News ID: 4436 Publish Date : 2019/05/06
Demand for medium grade iron ore fines continues to remain robust from Chinese steel mills. SteelMint in conversation with market participants learned that one of the merchant miners in Odisha has recently concluded low-grade iron ore fines (Fe 58/57%) to China at around USD 56-58/MT FoB India for May’19 loading.
News ID: 4427 Publish Date : 2019/05/06
MMTC- India’s largest and state-owned trading house, had floated export tender of 30,000 MT non-alloy Pig Iron on behalf of Neelachal Ispat Nigam Limited (NINL). The due date for submission of bids was on 15 Apr’19 and material shipment was scheduled between 10-20 May'19 from Paradip port.
News ID: 4422 Publish Date : 2019/05/05
Sponge iron export offers from Jharkhand & Odisha (eastern India) have moved down slightly by USD 5/MT due to declining offers for domestic buyers & falling exchange rate of Indian Rupee against dollar.
News ID: 4418 Publish Date : 2019/05/05
SteelMint in conversation with market sources heard that a last week a major Indian steel mill concluded a deal to Vietnam for May shipments.
News ID: 4417 Publish Date : 2019/05/05
Taiwan, one of the leading scrap importers has observed a significant fall in scrap imports in Feb'19. The country imported 142,778 MT ferrous scrap in Feb'19, down 44% M-o-M as against 258,324 MT ferrous scrap in Jan'19, the recent customs data showed.
News ID: 4416 Publish Date : 2019/05/05
Indian Silico Manganese prices remained unchanged amid moderate demand in the domestic market. The prices of Silico Manganese were mostly affected due to the bearish steel market.
News ID: 4408 Publish Date : 2019/05/04
According to trade sources report to the SteelMint, few Odisha based major merchant iron ore miners are heard to increased iron ore offers by INR 200/MT today. SteelMint learned that miners namely Serajuddin Mines, KJS Ahluwalia, Kaypee Enterprises and RP Sao have raised fines prices by INR 200/MT.
News ID: 4407 Publish Date : 2019/05/04
Spot iron ore prices in China have observed downtrend this week. Fe 62% fines index which closed at USD 95.8/MT, CFR China on 12th Apr'19 fell and stood at USD 92.5/MT, CFR China yesterday.
News ID: 4393 Publish Date : 2019/05/02
According to customs data maintained with SteelMint, bulk Indian pig iron export volumes have come down sharply by 50% in FY19. India has export ed 221,260 MT pig iron in FY’19 as against 446,250 MT in FY’18. In the month of March pig iron export s from India recorded at 50,000 MT against nil from the previous month.
News ID: 4369 Publish Date : 2019/04/20
Imported HRC offers to Vietnam inched up this week following uptrend in export offers from China. On weekly basis imported HRC offer to Vietnam inch up by USD 5/MT from China.
News ID: 4347 Publish Date : 2019/04/12
Amid recently concluded pellet export deals along with decent bookings made in the domestic market, Raipur based pellet makers have raised offers today.
News ID: 4344 Publish Date : 2019/04/12
Following fall in average bids fetched in Kanto monthly scrap export tender, the steelmaker has lowered scrap prices by JPY 500/MT today.
News ID: 4330 Publish Date : 2019/04/11
Chinese HRC export offers move up amid gains in domestic market- Chinese HRC export offers moved up this week following surge in domestic HRC prices.
News ID: 4303 Publish Date : 2019/04/11
Australia - world's largest iron ore export er has recorded drop in iron ore shipment for Q1 CY19, according to the vessel line up data maintained with SteelMint.
News ID: 4283 Publish Date : 2019/04/09
Rashtriya Ispat Nigam Limited (RINL)- the state-owned steel maker under the Ministry of Steel, had invited a tender for export of 30,000 MT billets of sizes 90*90, 77*77 & 65*65mm. Each billet lot offered was of 10,000 MT each. The material delivery is scheduled by 30 Apr'19.
News ID: 4268 Publish Date : 2019/04/09
Indian iron ore export volumes dropped significantly by 57% to 6.81 MnT as against 15.65 MnT in FY’18. Iron ore export s in the financial year FY’19 have hit three year low as this level was last seen in FY’16 at 6.04 MnT.
News ID: 4266 Publish Date : 2019/04/09
World's second largest export er of iron ore - Brazil has recorded iron ore export volumes at 22.18 MnT in Mar'19, down 23% as compared to Feb'19 export s at 28.93 MnT, according to trade statistics released by Brazil customs.
News ID: 4240 Publish Date : 2019/04/08