According to General Administration of Customs, China - the world's largest iron ore consumer and importer, recorded 19% increase in imports to 285.23 MnT in Q3 CY19 as against 239.7 MnT in Q2 CY19. The imports for the quarter picked up amid easing supplies from largest iron ore miners. Vale- announced resumption at its Brucutu mines and also resumed partial operation at its Vargem Grande Complex in Q3 CY19.
News ID: 6940 Publish Date : 2019/10/14
Indian iron ore imports were reported nil in Sept'19, according to the data maintained by SteelMint. The imports have recorded nil for second consecutive month. Indian iron ore imports in July’19 stood at 51,470 MT.
News ID: 6821 Publish Date : 2019/10/08
Iran became a permanent member of the Council for Rail Transport of the Commonwealth of Independent States (CIS).
News ID: 6751 Publish Date : 2019/10/20
EU iron ore imports fell to their lowest monthly level since mid-2009 in August as weak steel market conditions pressured operations. Some mills are considering further adjustments to the balance of their ore burdens in order to contain costs.
News ID: 6721 Publish Date : 2019/10/18
This was the consecutive week when SE Asia billet import market was reported sluggish with offers dropping sharply. The billet import offers in the region were assessed at USD 385-390/MT, CFR down, USD 15-20/MT against last week. The falling Turkey's import scrap prices have managed to keep the market sentiments weak in the region.
News ID: 6696 Publish Date : 2019/10/03
Imports of Turkish and Indian strip mill products are on the agenda of European steel association Eurofer, market participants told Argus on the sidelines of Eurometal's Steel Trade Day in Rotterdam today.
News ID: 6588 Publish Date : 2019/10/09
Northwest European hot-rolled coil (HRC) prices lurched lower today as domestic mills chased tonnes and tried to prevent a repeat of the import penetration seen over the fourth quarter of last year.
News ID: 6587 Publish Date : 2019/10/09
Imported HRC offers to Bangladesh have come down further this week by USD 10-20/MT.
News ID: 6410 Publish Date : 2019/09/06
Indian government has amended its import policy covered under foreign trade policy of 2015-2020 from 'free' to ' free subject to compulsory registration under Steel Import Monitoring System (SIMS)' for the items covered under chapter 72,73 and 86.
News ID: 6381 Publish Date : 2019/09/05
The SE Asian billet import market is reported to explicit some trades this week. However, no concrete indications were reported by the sources and deal status is still unconfirmed. If sources to be believed; an Indian BF grade billet of quantity 10,000 MT, size; 150*150 mm were booked to SE Asia. The deal value was reported to be USD 430-435/MT CFR.
News ID: 6207 Publish Date : 2019/08/28
In recent conversations with industry participants, SteelMint learned that imported scrap prices to South East Asia have observed correction after returning from Eid holidays amid recent softening in finished steel & billet steel futures in China.
News ID: 6194 Publish Date : 2019/08/27
China's coking coal imports rose in July as Chinese steel producers increased their restocking with import quotas at various ports fast running out.
News ID: 6186 Publish Date : 2019/08/26
US president Donald Trump ordered an increase in tariffs on imports from China after Beijing today struck back against his latest round of tariffs on imports from China by imposing a 5pc tariff on imports of US crude.
News ID: 6146 Publish Date : 2019/08/24
US steel imports edged higher in July from the same year-earlier month, with increased volumes of slabs outweighing declines in coiled imports.
News ID: 6145 Publish Date : 2019/08/24
Norway’s Equinor and Russia’s Gazprom, Europe’s largest suppliers of pipeline gas, have lost market share as a result of the LNG import surge that has occurred over the past 10 months.
News ID: 6087 Publish Date : 2019/08/22
According to a recent report, a 7 per cent growth in aluminium demand in India during April-June quarter of the financial year 2019-20 failed to boost production as consumption remained moderate in industries facing liquidity crunch. Sales of aluminium companies also fell by 10.8 per cent in that period as imports grabbed a bigger share of the consumption pie.
News ID: 6084 Publish Date : 2019/08/22
Alang - Gujarat, has registered sharp growth in imports of scrapped ships in Jul'19 and the volume reached 7 months high since Dec'18, as per custom data maintained by SteelMint.
News ID: 5979 Publish Date : 2019/08/16
China's first-half receipts of Russian thermal coal rose by 15pc from a year earlier to 9.4mn t, Chinese customs data show, with imports of bituminous coal registering the most significant growth. Russian suppliers benefited from restrictions on imports of Australian coal imposed by the Chinese government.
News ID: 5942 Publish Date : 2019/08/15
Indian iron ore imports in July’19 have been recorded at 51,470 MT, according to the data maintained by SteelMint. Indian iron ore imports witnessed 28% decline for the month compared to 71,865 MT in June’19. The imports have dropped amid high global prices. Imports for the month recorded 5 years low as the levels were last witnessed in June’14 at 45,487 MT.
News ID: 5933 Publish Date : 2019/08/15
India’s ambassador to the US stated that Washington sanctions on Tehran are hurting his country which is finding it hard to replace Iranian oil imports.
News ID: 5835 Publish Date : 2019/08/07
