Trade

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Global ferrous scrap prices observed upward trend this week in all major markets, except Japan and SE Asia. Turkey observed further strengthening in prices amid strong buying activity, consequently raising offers for South Asian buyers too, where Pakistan and Bangladesh observed decent trades, however India remained mostly out of buying activity, on non-viability of imported scrap.
News ID: 5087    Publish Date : 2019/07/09

Iran has exported some $13 billion worth of goods and services to neighboring Iraq in the last local calendar year (March 21, 2018-March 20, 2019), which marks a 37% increase in a year-on-year comparison.
News ID: 5027    Publish Date : 2019/07/04

Chinese HRC export offers strengthen further- Chinese HRC export offers increased further by USD 10/MT amid announced production cuts in Tangshan region. Also resumption in trade talks between USA and China has lead to positivity in market sentiments in China.
News ID: 5013    Publish Date : 2019/07/04

Bellary (southern India) based pellet makers have lowered pellet offers by INR 100-200/MT this week. SteelMint’s assessment for pellets stands at INR 6,300-6,500/MT against last week assessment at INR 6,700-6,900/MT.
News ID: 5012    Publish Date : 2019/07/04

Pakistan's local currency - PKR remained volatile against USD over the last one week, keeping domestic steel sentiments uncertain but local steel prices shot up on increased input cost and inclusion of 17% FED with the beginning of the new financial year from July 1st.
News ID: 5010    Publish Date : 2019/07/04

Iranian Foreign Minister Mohammad Javad Zarif described the removal of US dollar from foreign trade transactions as an effective way to thwart the American economic plots against Iran.
News ID: 4993    Publish Date : 2019/07/02

Iran traded 421,341 tons of non-oil goods worth $140.41 million with Afghanistan during the first Iranian month (March 21-April 20), registering a 7.48% and 18.49% decline in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.
News ID: 4991    Publish Date : 2019/07/02

Iran traded 115,984 tons of non-oil goods worth $139.46 million with Germany during the first Iranian month (March 21-April 20), registering a 166.34% and 1.16% 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: 4987    Publish Date : 2019/07/02

As per trade sources report, limited inquiries from domestic buyers has resulted most of manufacturers in Durgapur (eastern India) to explore export opportunities. Mills are giving priority to export deals to clear inventories.
News ID: 4979    Publish Date : 2019/07/02

Major Indian steel manufacturers have booked around 50,000 MT HRC for exports to Vietnam over rising export prices and sluggish sales prevailing in domestic market.
News ID: 4969    Publish Date : 2019/07/01

Domestic HRC prices in traders market have come down further by INR 500-1000/MT against last week and are hovering almost 4-months low.
News ID: 4965    Publish Date : 2019/07/01

This week, Durgapur (eastern India) based pellet makers have raised offers following hike in export offers. SteelMint’s reference pellet price assessment stands at INR 6,500/MT (delivered) up by INR 200-300/MT against INR 6,200-6,300/MT in last week.
News ID: 4961    Publish Date : 2019/07/01

SteelMint learned in recent conversations with industry participants that imported scrap prices have slightly turned up following rebound in Turkey imported scrap assessment. Trade s remain limited as suppliers majorly stand-in ‘wait and watch’ mode and non-desperate to offer in the large quantity in the market.
News ID: 4959    Publish Date : 2019/07/01

Free trade zones in South and North of Iran can serve as the gates of entry and exit for transiting Indian cargoes destined for Eastern and Northern Europe with helpful economic expemtions and great capacities, a member of Iran-India Friendship Association Masih Mirhosseini said on Sunday.
News ID: 4946    Publish Date : 2019/06/30

Iran, a non-member to the World Trade Organization (WTO), will enjoy the benefits of trading on WTO terms with the member states of the Eurasian Economic Union (EAEU) in a joint free trade zone (FTZ), as Tehran is removing the legal obstacles to put its deal with EAEU into practice.
News ID: 4921    Publish Date : 2019/06/28

Iranian Deputy Foreign Minister Seyed Abbas Araqchi called on the international community to stand up to the US’ use of dollar as a weapon against independent countries, reiterating that Washington must stop its economic terrorism against Tehran.
News ID: 4920    Publish Date : 2019/06/28

More than 183,000 tons of hydrocarbon products valued at 10 trillion rials ($74.34 million) were traded in the Iran Energy Exchange spot market in the last Persian month to June 20.
News ID: 4902    Publish Date : 2019/06/25

Iran traded 903,607 tons of non-oil commodities worth $568.38 million with the UAE during the first Iranian month (March 21-April 20), registering a 32.7% and 34.15% decline in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.
News ID: 4884    Publish Date : 2019/06/23

Ferro Chrome prices have hit the bottom amid low demand in the domestic and global market as well. Prices for Ferro Chrome are falling aggressively amid bearish market sentiments.
News ID: 4875    Publish Date : 2019/06/23

Domestic HRC prices in traders market have come down by INR 500-1000/MT (USD 7-14) against last week and are hovering at almost 4-months low.
News ID: 4870    Publish Date : 2019/06/23

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