Indicative broker quotes for the CME exchange's north European hot-rolled coil (HRC) contract show steep backwardation to the current spot market.
News ID: 8682 Publish Date : 2020/03/11
Chinese ferrous futures fell today in response to sharply lower crude prices, but erased much of the morning falls as outlooks remain firm for steel demand.
News ID: 8659 Publish Date : 2020/03/09
The last two years have been a roller coaster ride for the Graphite electrodes manufacturers globally. The supply-side structural changes in China that took place in the latter half of 2017 required polluting GE units to shut down and subsequently created its shortage and increased prices.
News ID: 8625 Publish Date : 2020/03/05
This week HR plate prices were reported largely stable on weak demand prevailing in the domestic market. Market participants in trade segment shared that recent increase in prices by steel manufacturers didn’t passed on to retail market over limited inquiries. Buyers are postponing their purchases amid higher plate prices.
News ID: 8619 Publish Date : 2020/03/05
Billet stocks at 14 trading houses under Mysteel’s weekly survey in Tangshan, North China’s Hebei province, surged to a near two-year high of 1.08 MnT as of February 27, though the speed with which stocks are rising slowed during the survey week amid the gradual resumption of buying among re-rollers, according to Mysteel’s latest survey.
News ID: 8618 Publish Date : 2020/03/03
Indian private mills have reported poor response in floated steel grade pig iron offers and hence they are offering a discount on bulk orders. This has resulted to drop in price range by INR 100-300/MT in a week.
News ID: 8608 Publish Date : 2020/02/25
Imported scrap trades to Pakistan, which have been particularly strong since the last 10 days, received an additional boost after the confirmation of the bulk vessel booking after a gap of over 2 years. Although suppliers have successively been increasing offers on strong global market, active buying activities continued, with many mills looking to restock at feasible levels, given the uncertainty about price hike in the present market.
News ID: 8605 Publish Date : 2020/02/25
Iran and Kyrgyzstan are resolute to bolster bilateral ties in areas of agriculture, food and conversion industries, and trade, and the two sides are holding regular meetings to meet these objectives.
News ID: 8600 Publish Date : 2020/03/07
Iranian President’s Chief of Staff Mahmoud Vaezi and Deputy Prime Minister of the Republic of Azerbaijan Shahin Mustafayev discussed the challenges facing bilateral trades amid the outbreak of the coronavirus.
News ID: 8599 Publish Date : 2020/03/07
Gold prices have quickly dropped from double-digit gains seen just a short while ago to double-digit losses in active trading late Friday morning.
News ID: 8595 Publish Date : 2020/03/06
Several importers and trading firms have received approvals for tariff exemptions on US-origin linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE), about two weeks after the Chinese government announced the initiative as part of easing trade tensions with the west.
News ID: 8589 Publish Date : 2020/03/06
China's government is suspending or reducing some port fees, a move which is expected to save costs for commodity importers and encourage more international trade as the country recovers from the coronavirus outbreak.
News ID: 8577 Publish Date : 2020/03/04
OPEC could deliver a larger-than-expected production cut at its meeting later this week, according to MUFG Bank.
News ID: 8568 Publish Date : 2020/03/03
Iran’s trade with neighboring countries has been affected by the recent coronavirus outbreak.
News ID: 8548 Publish Date : 2020/03/02
A new official account shows that Iran’s Southern province of Hormuzgan has exported $20 billion worth of non-oil products in the past 11 months of the current local calendar year (March 21, 2019 - February 20, 2020), indicating a 136% jump in comparison with the corresponding period last year.
News ID: 8545 Publish Date : 2020/03/03
The Trade Promotion Organization of Iran (TPOI) has plans to undermine the adverse effects of the outbreak of a novel coronavirus, known as COVID-19, on national and international trade and business activity of the country, TPOI Head Hamid Zadboum said.
News ID: 8544 Publish Date : 2020/03/03
Iran’s central province of Isfahan has exported 6.755 million tons of commodities in the first 11 months of the current local calendar year (March 21, 2019-February 19, 2020), which shows a 47% jump in comparison to the corresponding period last year.
News ID: 8542 Publish Date : 2020/03/02
LPG shipping company BW LPG recorded its highest ever quarterly profit in the fourth quarter of 2019, which it attributed to a rise in exports from North America. But it warned that the coronavirus has increased uncertainty about LPG trade and production.
News ID: 8525 Publish Date : 2020/02/28
Crude futures fell sharply in Asian trading as the widening coronavirus outbreak threatens economic growth.
News ID: 8523 Publish Date : 2020/02/28
An EU initiative to overhaul chemical safety regulations could crush the supply chain for critical material antimony metal inside Europe, leaving consumers with few options and no spot market.
News ID: 8519 Publish Date : 2020/02/28