Trade

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This week Chinese plate export offers witnessed decline over thin trading along with bearish sentiments hovering in domestic market.
News ID: 4699    Publish Date : 2019/05/31

Iranian Deputy Minister of Industry, Mine and Trade Mohsen Salehinia said that the president of Italian Parts Manufacturers’ Association and chairman of Autopromatec Exhibition have voiced readiness to enhance cooperation with Iranian automobile parts manufacturers.
News ID: 4666    Publish Date : 2019/05/28

Ukrainian Ambassador to Tehran Sergei Burdyliak said that his country is after expanding commercial relations with Iran, tabling Kiev’s proposal for establishment of a joint trading house.
News ID: 4665    Publish Date : 2019/05/28

Iran has boosted exports of goods from its Persian Gulf Economic Zone, a senior official said.
News ID: 4652    Publish Date : 2019/05/27

SAIL's pig iron auction conducted today for 6,500 MT steel grade pig iron from its Rourkela Steel plant (eastern India) has received quite better response in line with last auction which was held on 15th May'19.
News ID: 4638    Publish Date : 2019/05/25

This week Indian HRC trade prices continue to fall in few markets like Chennai, Ahmedabad and Hyderabad as demand failed to improve in domestic market. However in other regions like Mumbai , HRC prices have remained unchanged this week.
News ID: 4636    Publish Date : 2019/05/25

US tariff cuts on steel imports from Turkey has started strengthening the trade sentiment in CIS nations, effects can be witnessed with recent billet export indications from CIS nations, which was reported to be USD 420-423/MT, FoB Black Sea. This is higher against last week offers of USD 410-415/MT, FoB Black Sea.
News ID: 4625    Publish Date : 2019/05/22

A meeting between Syrian economic officials and an Iranian delegation was held in Damascus on Wednesday to discuss economic cooperation between the two countries.
News ID: 4569    Publish Date : 2019/05/18

Iran traded 44,668 tons of non-oil commodities worth $79 million with Lebanon during the last fiscal year (ended March 20, 2019) to register a 122.44% growth in tonnage and 38.23% decline in value compared with the year before, data released by the Islamic Republic of Iran Customs Administration show.
News ID: 4567    Publish Date : 2019/05/18

In conversation with industry participants, SteelMint learned that imported scrap offers to Bangladesh have further fallen this week on the account major correction in global levels along with slow sales of domestic finished steel.
News ID: 4551    Publish Date : 2019/05/16

Ongoing elections, rising inventory among traders, poor sales volumes, low liquidity along with dull demand continued to keep domestic HRC market under pressure.
News ID: 4547    Publish Date : 2019/05/16

West India (Rajasthan) based pellet maker - Jindal SAW has increased pellet prices by INR 150/MT. Current offers for Fe 63% grade pellets have moved up to INR 8,450/MT (delivered Kandla) against the previous offer of INR 8,300/MT at last week. Jindal SAW runs a 1.5 MnT pellet plant in Bhilwara (Rajasthan).
News ID: 4546    Publish Date : 2019/05/16

Indian Billet prices slightly fluctuated by INR 100-300/MT on average trade inquiries amid less clarity in market directions whether the prevailing price range will sustain or may report sharp change in coming days.
News ID: 4530    Publish Date : 2019/05/15

Sluggish buying and dull trades have kept domestic HRC market sentiments subdued in domestic market. Ongoing elections, rising inventory among traders due to poor sales volumes along with lull demand resulted in bearish sentiments in India’s domestic flat steel market.
News ID: 4514    Publish Date : 2019/05/14

SteelMint learned in recent conversations with industry participants that imported scrap offers in containers to Pakistan have shown stability after observing softening towards the closing of the last week
News ID: 4511    Publish Date : 2019/05/14

Indian Manganese Alloys producers may experience hike in domestic Manganese Ore prices amid shortage in supply from the sea-borne trade. Indian buyers have witnessed a hindrance in imports of manganese Ore from South Africa in the previous month.
News ID: 4510    Publish Date : 2019/05/14

Prevailing holidays in key countries like China, Japan and Vietnam, kept trades on lower side last week.
News ID: 4503    Publish Date : 2019/05/14

World's second largest exporter of iron ore - Brazil has recorded iron ore export volumes at 18.34 MnT in Apr'19, down 17% as compared to Mar'19 exports at 22.18 MnT, according to trade statistics released by Brazil customs.
News ID: 4490    Publish Date : 2019/05/10

In conversation with Bangladesh's scrap importers & traders, SteelMint learned that steel mills observed limited trades for imported scrap on low demand in the finished steel market
News ID: 4473    Publish Date : 2019/05/09

SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan have shown slight correction following softening global scrap offers.
News ID: 4465    Publish Date : 2019/05/09

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