This week Chinese steel market exhibited mixed sentiments in domestic market since steel prices reported decline in the beginning of the week and witness rebound towards the end of this week amid gains in futures market.
News ID: 4891 Publish Date : 2019/06/24
Adani Group has kicked off construction at its controversial Carmichael coal and rail project in Australia’s Galilee Basin after receiving last week approval from the Queensland government to break ground.
News ID: 4879 Publish Date : 2019/06/23
Indian steel prices moved down-trend during the Week-24 (8-15th Jun'19) on demand concern amid healthier supply. The producers seems received limited response as offers continued on negative direction.
News ID: 4835 Publish Date : 2019/06/18
Iran’s domestic coal consumption revolves around 2 million tons per year, 1.5 million tons of which are supplied by domestic production while the remaining 500,000 tons are imported.
News ID: 4785 Publish Date : 2019/06/09
The world’s appetite for natural gas grew at the fastest pace since 2010 last year, but that blockbuster growth is shifting into lower gear, according to the International Energy Agency.
News ID: 4779 Publish Date : 2019/06/09
The upheaval in graphite electrodes demand in the past two years and a steady surge in the requirements for graphite anodes for lithium-ion batteries in China has boosted the needle-coke demand in the country.
News ID: 4766 Publish Date : 2019/06/07
Gas and coal prices are plunging in Europe, hurt by the relentless threat of ever-cheaper clean energy that’s gaining market share and pushing out the fossil fuels in the process.
News ID: 4737 Publish Date : 2019/06/03
South Korea's crude steel production increased and recorded a rise of 1.4% to 6.0 MnT in Apr'19 as against Apr'18. In line with it, in first 4 months of CY19, production also grew by 2.8% to 24.38 MnT in Jan-Apr'19 in comparison with 23.71 MnT during Jan-Apr'18.
News ID: 4711 Publish Date : 2019/06/01
German Chancellor Angela Merkel’s cabinet approved an aid package worth as much as 40 billion euros ($44.7 billion) by 2038 for the nation’s coal regions, launching a drive to transform chimney-stack economies into high-tech centers.
News ID: 4632 Publish Date : 2019/05/23
Indian steel market remained quite subdued for the week 20 (11-18th May'19) as the prices of raw materials like Iron ore, pellet and coal have inched up a little. However, the prices of Semis & Finished long steel products slump by INR 200-900/MT (USD 3-13), as per SteelMint assessment.
News ID: 4592 Publish Date : 2019/05/20
Indian spot steel trades were limited during the week-19 (6th to 11th May) this in turn resulted fall in prices of mid sized mills.
News ID: 4537 Publish Date : 2019/05/16
Indian domestic steel trade activities were subdued during the week-18 (27th Apr to 04th May) as prices remained volatile amid average supply-movement.
News ID: 4493 Publish Date : 2019/05/10
Indian spot steel trade activities remains low as finished steel inventories observed more than the average basis with the mid sized mills. Participants being reported, limited inquiries from the local re-rollers for Billet & Sponge iron.
News ID: 4452 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
United States, world's largest ferrous scrap exporter and one of the leading steel exporters observed rebound in ferrous scrap exports in Feb'19 however, exports of Coal, Iron Ore and finish steel products dropped on monthly premises against volume registered in Jan'19, the data provided by US customs showed.
News ID: 4437 Publish Date : 2019/05/07
South Korea’s steel major - POSCO announced its quarterly result for Q1 CY’19 yesterday on 24 Apr’19. The major findings from the quarterly report are are as follows:
News ID: 4435 Publish Date : 2019/05/06
This week Chinese steel prices witnessed significant increase in domestic market following hike in iron ore prices fueled by limited supply in global market.Also strong futures, improved domestic demand along with higher profit margins lead to uptrend in Chinese steel prices.
News ID: 4368 Publish Date : 2019/04/20
South Africa iron ore exports down 21% in Feb'19: South African iron ore exports in Feb'19 recorded at 5.53 MnT, down 21% as against 7.05 MnT in Jan'19. As per sources, the exports dropped amidst Saldanha port maintenance in Feb'19.On yearly basis, the exports increased marginally as compared to 5.25 MnT in Feb'18.
News ID: 4367 Publish Date : 2019/04/20
Indian Steel industry observed average inquiries during the Week-15 (9th to 13th Apr) owing to election mood in the country. In context to supply scenario, the production of Semis & Finished steel products more or less on same proportion, this led to volatility in prices.
News ID: 4365 Publish Date : 2019/04/20
Trade statistics released by Canada custom shows that the iron ore exports by the country recorded at 3.19 MnT in Jan'19. The exports dropped 7 month low in Jan'19, as it was last seen in Jun'18 at 2 MnT. The exports depicted fall of 35% as compared to Dec'18 exports at 4.9 MnT.
News ID: 4345 Publish Date : 2019/04/12