After observing deals in past few weeks, this week left the Iranian billet market sentiments softened. SteelMint’s current Iran’s billet export assessment stands at USD 385-390/MT, FoB, down by USD 5/MT against last week’s assessment of USD 390-395/MT, FoB.
News ID: 5976 Publish Date : 2019/08/16
Trade sources based in Vietnam shared that few deals of positioned cargoes of major Indian steel mills were reported for Vietnam for Aug -Sep shipments.
News ID: 5968 Publish Date : 2019/08/16
In a recent policy transition observed in ferrous scrap industry, the South Korean customs service department has increased their inspections on imported ferrous scrap from Japan, the largest scrap supplier to the country.
News ID: 5966 Publish Date : 2019/08/16
A total of 94,000t of mostly first-half 2020 ICI 4 coal derivatives were cleared on the CME during Asia-Pacific business hours today, while trade in the physical market remained muted amid a public holiday in India.
News ID: 5940 Publish Date : 2019/08/15
Chinese HRC export offers fall; domestic prices rise today- Chinese HRC exports offers witness further slump over fragile sales and tepid demand hovering in nation’s domestic and overseas market.
News ID: 5923 Publish Date : 2019/08/15
Market sentiments in Rapur domestic pellet market improved this week following sharp hike in pellet sponge prices yesterday. Two deals for pellets for 10,000 and 16,500 MT reported yesterday at INR 6,100-6,200 (ex- Raipur) from Raipur based pellet makers.
News ID: 5922 Publish Date : 2019/08/15
SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan have softened on account of slow buying activity in the country, as well as silence being observed in the global scrap market. Slow domestic demand due to upcoming Eid holidays and recent FBR enforcements have kept the trades limited. Participants eye further marginal correction in prices as traders have come under pressure.
News ID: 5858 Publish Date : 2019/08/08
This week imported HRC offers to Vietnam witness marginal decline by USD 5-10/MT as the gap between bids and offers continue to widen since end users in Vietnam are expecting further decline.
News ID: 5827 Publish Date : 2019/08/07
Physical prices of low-calorific value (CV) Indonesian held relatively steady today, as details of a cargo awarded in a Chinese utility tender started to filter through to the market at a lower price compared with recent comparable spot trades.
News ID: 5801 Publish Date : 2019/08/06
There has been an overwhelming sell-side consensus for the last few months that European hot-rolled coil (HRC) pricing will rise in the fourth quarter, as mills use production cuts to try and restore their ravaged margins.
News ID: 5800 Publish Date : 2019/08/06
The Iranian ministry of industry, mine and trade has not issued any permits for iron ore pellet exports since last week because of a shortage in the domestic market.
News ID: 5799 Publish Date : 2019/08/06
Atotal of 233,300 tons of paper were produced in Iran during the first quarter of the current year (March 21-June 21), registering a 1.8% decline compared with the same period of last year.
News ID: 5780 Publish Date : 2019/08/06
This week global billet market witnessed some trades from Iranian mills to China. The prime reason for China importing billets is imposition of environmental restrictions production. The other prime markets remained silent amid disparity between bids & offers.
News ID: 5736 Publish Date : 2019/08/05
Rebar demand in Indian secondary market (those of mid sized mills) remains depressed due to dull sentiments observed in domestic market as well as global market.
News ID: 5732 Publish Date : 2019/08/05
Medium sized re-rollers in Bangladesh have kept their rebar offers unchanged against last week's assessment. However limited buying inquiries amid seasonal slowdown have urged them to offer trade discounts depending upon quantity.
News ID: 5726 Publish Date : 2019/08/05
Indian HRC prices continued to remain on lower side over tedious demand and dull buying prevailing in domestic market. Trade sources shared that market sentiments continued to remain lackluster over fewer trades happening in domestic market.
News ID: 5721 Publish Date : 2019/08/05
The trade turnover between Iran and Azerbaijan has grown 2.2 times in the past six months compared to the same timespan last year, IRIB reported, quoting Iranian Minister of Finance and Economic Affairs Farhad Dejpasand as saying.
News ID: 5694 Publish Date : 2019/08/04
Limited trades in Durgapur (eastern India) have resulted in decline in pellet offers. In Durgapur SteelMint’s reference, pellet price assessment stands at INR 6,000 (delivered) down sharply by INR 300-400/MT against INR 6,300-6,400/MT end of the last week assessment.
News ID: 5688 Publish Date : 2019/08/02
In recent conversations with industry participants, SteelMint learned that imported scrap offers to Pakistan have come down marginally on slowing down of demand from buyers end. Less clarity globally and resistance from supplier yards to offer openly at lowered prices kept trade activities comparatively low.
News ID: 5686 Publish Date : 2019/08/02
Ajoint trade forum between the businesspeople of Iran and Cuba is scheduled to be held in Tehran on Aug. 10, which marks the 40th anniversary of the start of diplomatic relations between Iran and Cuba.
News ID: 5663 Publish Date : 2019/08/01