Trade

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Crude oil futures edged higher during mid-morning trade in Asia Friday amid bargain hunting after prices sank to near two-month low the day before, and were currently moving in a tight range awaiting fresh cues to provide direction, analysts said.
News ID: 6548    Publish Date : 2019/10/04

Nio Inc. announced last week, it would open smaller showrooms for better sales network, cut jobs and spin off some business units after reporting a second-quarter loss of US$478.6 million, 25 per cent more than its first-quarter loss. The move was decided to control massive cash crunch amid slowing electric vehicle sales in China after the subsidy cut.
News ID: 6545    Publish Date : 2019/09/28

This week, global billet market remained silent after a trade operative last week. Falling Turkey’s imported scrap prices were seen heftier over global billet market which has supported the price war in SE Asia. Turkish imported scrap prices have moved down sharply again this week after yesterday’s deep-sea cargo bookings were confirmed at prices USD 6-7/MT lower than the previous bookings, SteelMint learned from market participants.
News ID: 6480    Publish Date : 2019/09/21

In conversation with industry participants, SteelMint learned that imported scrap offers to India have dropped again, on account of global softening earlier this week following the Turkish bookings at sharply lowered prices. Trade s remained slow again this week as most buyers stood cautious of the downward trend.
News ID: 6472    Publish Date : 2019/09/20

In conversation with industry participants, SteelMint learned that imported scrap market trades to India witnessed a slight rise, while offers fell amid declining global prices. Some improvement was witnessed in finished steel sales, keeping the market hopeful for the coming weeks.
News ID: 6466    Publish Date : 2019/10/03

PELLEX increased to INR 6,150/WMT (DAP Raipur) amid active trade volumes. Two deals were reported in Raipur market in this publication window (with total traded quantity of 35,000 MT).
News ID: 6465    Publish Date : 2019/09/13

This week SteelMint learned from market sources that Indian HR-Plate prices have witnessed further correction by INR 750-1000/MT in the domestic market.
News ID: 6461    Publish Date : 2019/09/12

Finished long steel demand with medium scale mills in India has slightly improved resulting in recent spike in price range, as per weekly comparison.
News ID: 6459    Publish Date : 2019/09/12

Sponge iron export demand strengthened with fresh deals concluded to Nepal as well as during last week for Bangladesh. The both neighbours are the key buyers of steel made by mid sized mills in eastern India.
News ID: 6456    Publish Date : 2019/09/12

Western India (Rajasthan) based pellet maker -Jindal SAW increased pellet (Fe 63%) offers by INR 200/MT for the week. Current offers are at INR 8,000/MT (delivered Kandla) as against INR 7,800/MT towards the beginning of last week. The pellet maker is learned to have concluded deals at last offers of INR 7,800/MT following which it raised its offers. Jindal SAW runs a 1.5 MnT pellet plant in Bhilwara (Rajasthan).
News ID: 6442    Publish Date : 2019/09/10

As per the latest data released by Chinese customs, the nation’s finished steel exports stood at 5.006 MnT in Aug’19, lower by 10% in comparison to 5.57 MnT in Jul’19.
News ID: 6438    Publish Date : 2019/09/09

Weakening trades, higher inventories and falling steel prices compelled Indian steel mills to actively export HRC to global market
News ID: 6437    Publish Date : 2019/09/09

During the week 36, India's spot steel trades of mid sized mills improved in major locations followed by increase in offers by INR 100-500/MT. Also trade volumes reported increase this week.
News ID: 6416    Publish Date : 2019/09/07

PELLEX remains stable at INR 6,050/WMT (DAP Raipur) amid few trades reported for small quantity. Four deals were reported in Raipur market in this publication window (with total traded quantity of 10,000 MT). A major Raipur based pellet maker concluded two deals of 3,000 MT each at INR 5,900/MT (Ex-plant); normalizing for freight to Raipur at INR 6,050 (DAP Raipur).
News ID: 6409    Publish Date : 2019/09/06

Indian large mills have rolled over rebar prices despite the weak buying interest, which is being observed through the trade associates along with sufficient stock with mills.
News ID: 6408    Publish Date : 2019/09/06

Medium sized re-rollers in Bangladesh have reduced their rebar offers against last week assessment due to inadequate demand of finished steel which has narrowed down post Eid festivals.
News ID: 6382    Publish Date : 2019/09/05

Indian HRC bulk export shipments observed a sharp hike in Aug'19 according to port data maintained with SteelMint. Indian bulk HRC export shipments were recorded at 433,161 MT in Aug'19 against 148,600 MT in Jul'19.
News ID: 6379    Publish Date : 2019/09/04

Chinese HRC export offers slide further over thin trades- This week Chinese HRC exports offers move down slightly over subdued trades. Meanwhile overseas buyers continue to bid on lower side in order to procure material at cheaper prices.
News ID: 6359    Publish Date : 2019/09/03

Domestic pellet offers in Indian market continued to remain stable at the beginning of week 36, 2019.
News ID: 6358    Publish Date : 2019/09/03

This week imported HRC offers to Vietnam inched down further as major exporting nations have lowered their export offers with the motive to increase sales in overseas over weakening sentiments in local market. However today being national holiday in Vietnam market has remained silent in absence of trades.
News ID: 6352    Publish Date : 2019/09/02

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