Trade

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Indian steel market remained bearish in the week-30 (20-27th Jul'19) owing to lessened trade activities in domestic market.
News ID: 5646    Publish Date : 2019/08/01

Iranian ships export petrochemical products to Brazil and return with the South American country’s agricultural products onboard, an Iranian official said, adding that the commercial ties between the two sides are immune to the US unilateral sanctions against Tehran.
News ID: 5587    Publish Date : 2019/07/29

Global ferrous scrap prices showed mixed trends in major markets this week. Japanese scrap prices begin rising with Tokyo Steel raised its scrap purchase bid, however, South Korea's Hyundai Steel remained silent. Turkey observed stability in prices against last week, while South Asian markets witnessed slowing down in trades thus keeping prices almost flat.
News ID: 5557    Publish Date : 2019/07/29

Mid sized mills in central & western India have cut rebar production on the back of dull domestic demand. Mills have lowered production by 30-40% which lead to fall in inventories. Inventories have comparatively lowered than previous week.
News ID: 5556    Publish Date : 2019/07/29

The European steelmakers association – EUROFER has recently lowered their outlook for real and apparent steel consumption for rest of the year.
News ID: 5550    Publish Date : 2019/07/29

The SE Asian billet market witnessed gloomy sentiments this week amid limited trades. South East Asia billet import offers are assessed around at USD 450-455/MT, CFR levels, this week, the trade sentiments are reported marginally weak in the region. Prices have softened by USD 5/MT against last week.
News ID: 5549    Publish Date : 2019/07/29

Imported HRC offers to Vietnam have reported fall of USD 5/MT against the offers assessed in beginning of this week.
News ID: 5547    Publish Date : 2019/07/29

Iran traded 200,905 tons of non-oil goods worth $46.34 million with Brazil during the first Iranian month (March 21-April 20) to register a 127% growth in tonnage and a 29.14% decrease in value compared with last year’s corresponding month, latest data released by the Islamic Republic of Iran Customs Administration show.
News ID: 5527    Publish Date : 2019/07/28

In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have softened on an overall lowered buying interest from South Asian markets in addition to low domestic demand. Following the decent restocking and bulk bookings in the last couple of weeks, the trade activities remained sluggish this week with few deals for maintaining inventories being observed.
News ID: 5514    Publish Date : 2019/07/28

Iran and Belarus have reviewed efforts and agreed on steps to gradually increase bilateral trade volume to $1bn, as US reimposed sanctions took a toll on bilateral commercial ties between the two countries.
News ID: 5506    Publish Date : 2019/07/27

Iran and Iraq signed an agreement on July 22 to facilitate trade between the two sides and remove barriers in the way of developing economic ties, IRNA reported.
News ID: 5503    Publish Date : 2019/07/27

Oil prices nudged higher on Wednesday on rising tensions in the Persian Gulf, a sharp fall in US crude stocks and positive signs on Sino-US talks, although worries about weak demand kept a cap on gains.
News ID: 5483    Publish Date : 2019/07/25

In recent conversations with industry participants, SteelMint learned that imported scrap offers to Pakistan have recovered moderately after touching record low levels last week, as strengthening in the global market is making suppliers less inclined to sell at low prices.
News ID: 5478    Publish Date : 2019/07/25

West India (Rajasthan) based pellet maker - Jindal SAW lowered pellet (Fe 63%) offers for the week. Following decline in imported iron ore prices amid global iron ore prices, pellet maker has lowered offers. Current offers are at INR 8,300/MT (delivered Kandla) as against INR 8,500/MT towards closing of last week.
News ID: 5476    Publish Date : 2019/07/25

Global billet market witnessed some trades in SE Asia from Iranian mills; however disparity between bids & offers kept trades low in other markets. CIS nations: This week CIS billet export market remained slow witnessing less deals amid disparity between bids & offers.
News ID: 5474    Publish Date : 2019/07/25

During the week-29 (13-20th Jul'19), Indian domestic trade activities were subdued. The mid sized steel mills reported mix response from the domestic buyers over uncertainty in the market.
News ID: 5471    Publish Date : 2019/07/25

Iran traded 103,023 tons of non-oil goods worth $22.27 million with Uzbekistan in the first Iranian month (March 21-April 20) to register a 755.04% and 194.94% growth in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.
News ID: 5442    Publish Date : 2019/07/24

Japan will continue importing crude oil from the Middle East despite escalating tensions in the Strait of Hormuz, but will also make efforts to diversify supply sources, Minister of Economy, Trade and Industry Hiroshige Seko said Tuesday.
News ID: 5440    Publish Date : 2019/07/24

Jingtang and Caofeidian ports in north China's Tangshan steel production hub have prevented trucks not meeting stricter fuel emissions standards from transporting goods over 22-29 July, adding to supply disruptions.
News ID: 5438    Publish Date : 2019/07/23

Foreign entities have shown interest in investing in Chabahar port in Southeastern Iran, and 11 investment agreements have been signed to be implemented by the end of this Persian year, Director General of Ports and Maritime office of Sistan and Baluchestan Behrouz Aqaei said.
News ID: 5423    Publish Date : 2019/07/23

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