This week nation's domestic steel prices reported a surge on a weekly basis over restricted supply amid recently announced production curbs. Along with this, RMB strengthening over USD, and strong domestic demand resulted in an upside in steel prices.
News ID: 7748 Publish Date : 2019/11/23
This week billet export offers from all the regions rose sharply.
News ID: 7745 Publish Date : 2019/11/23
BRPL, one of India's largest iron ore pellet exporters, achieved its highest monthly sales of 357,562t in November.
News ID: 7728 Publish Date : 2019/12/03
A senior industrial official said that Iran is planning to produce 28 million tons of steel in the coming months despite the unilateral sanctions re-imposed by the US on the country.
News ID: 7652 Publish Date : 2019/12/01
Iran’s Southeastern province of Kerman has exported non-oil commodities worth $458 million in the past 8 months (March 21- November 22), which indicates a 48% jump in comparison with figures from the corresponding period in the last year.
News ID: 7651 Publish Date : 2019/12/01
The Navratna CPSE under the Ministry of Mines, National Aluminium Company, is aiming to extend the longevity of its alumina refining and aluminium smelting operations, and therefore, trying to bank on long-term raw material security.
News ID: 7619 Publish Date : 2019/11/30
Japan's ferrous scrap exports fell marginally in January-September, as increased shipments to south and southeast Asia were unable to offset declines in exports to China and South Korea.
News ID: 7616 Publish Date : 2019/11/29
Indian pig iron export market has regained momentum on active buying from China. Two deals (55,000 MT combined) being concluded recently, SteelMint learnt from market participants.
News ID: 7609 Publish Date : 2019/11/16
This week Billet export offers from all the regions rose marginally. The prime reason of this increased offer is active demand and supported scrap prices in Turkey.
News ID: 7607 Publish Date : 2019/11/16
Rashtriya Ispat Nigam Limited (RINL), a state owned steel maker under the Ministry of Steel, has invited two bloom export tenders of size; 200*200 and 150mm and quantity 20,000 MT and 30,000 MT respectively.
News ID: 7605 Publish Date : 2019/11/16
China is expected to maintain its 20pc duty on ferro-silicon exports next year to reduce energy consumption and protect the environment.
News ID: 7569 Publish Date : 2019/11/27
Iranian Vice-President and Head of the Management and Planning Organization (MPO) Mohammad Baqer Nobakht said that his country is after accomplishing an objective of increasing non-oil exports to 15 neighboring countries by two-fold to counter the US bans on its oil sale.
News ID: 7566 Publish Date : 2019/11/26
The semi-autonomous Iraqi region of Kurdistan may begin deliveries by early next year of around 250,000 barrels per day of crude oil to the federal government in Baghdad for exports, Iraqi Oil Minister Thamer Ghadhban said.
News ID: 7528 Publish Date : 2019/11/23
Spot charter day rates for tri-fuel diesel-electric (TFDE) LNG carriers held unchanged on Friday and expanded their premium to corresponding rates in the east of Suez region, which fell on Friday amid higher vessel availability in the Pacific basin.
News ID: 7500 Publish Date : 2019/11/22
Chinese finished steel exports fell by 10% to 4.782 MnT in Oct'19 as compared with 5.33 MnT in Sep' 19, recent custom data shows. Price competitiveness from Indian & Russian mills kept interest for Chinese steel products low.
News ID: 7414 Publish Date : 2019/11/08
Russian steel making company EVRAZ has recently announced its trading update for the Q3 of 2019. In the third quarter, EVRAZ’ consolidated crude steel output fell by 3.4% Q-o-Q, mainly due to the lower production volumes at EVRAZ ZMSK amid scheduled capital repairs.
News ID: 7407 Publish Date : 2019/11/07
Indian HRC export offers to Vietnam have moved up by USD 10/MT for positioned cargoes for Dec shipments, owing to higher bids from Vietnam buyers. Thus currently Indian HRC offers are at USD 440/MT CFR Vietnam.
News ID: 7404 Publish Date : 2019/11/07
Tata Steel, India reported two fold increase in export volumes to 0.64 MnT in Q2 FY20 against 0.31 MnT in previous quarter. The guidance for exports for this fiscal will be around 2.4 MnT. Although export realization was lower than domestic realization this quarter, but helped to clear inventories shared officials during conference call. Lower volumes to Automotive segment were compensated by higher exports. Other key highlights of concall were:
News ID: 7402 Publish Date : 2019/11/07
World's second-largest exporter of iron ore - Brazil has recorded an increase in iron ore export volumes to 31.2 MnT in Oct'19, as compared to Sept'19 which was at 27.14 MnT, according to trade statistics released by Brazil customs. On yearly basis, exports dropped 16% as against 37.2 MnT in Oct'18.
News ID: 7375 Publish Date : 2019/11/02
Billet export offers from all the major markets remained largely stable with slight uptick in CIS & Iran. However, Turkish imported scrap prices have inched up marginally.
News ID: 7374 Publish Date : 2019/11/02
