The Iranian Ministry of Industry, Mine and Trade said on Monday that the country has produced some 7.2 million tons of steel products in the first 4 months of the current local calendar year (March 21-July 21) indicating an 11.6% growth compared with the output of the same period last year.
News ID: 6173 Publish Date : 2019/08/26
Sponge iron prices in southern & eastern India dropped to 2 years low, whereas in central region it is trading near to 20 month's low, as per assessment maintained with SteelMint.
News ID: 5930 Publish Date : 2019/08/15
Falling ingot/billet production of standalone mills has lowered supply in merchant market, however weak demand of finished steel products remained a concern. Therefore prices remained volatile since more than a week's time amid subdued trade activities.
News ID: 5770 Publish Date : 2019/08/06
During the week-31 (27 Jul-3 Aug’19), Indian steel prices in secondary market remained on a free fall owing to weak demand from the domestic & global buyers.
News ID: 5768 Publish Date : 2019/08/06
Indian billet & rebar prices fell further by INR 100-500/MT due to limited demand in finished products. In line with this, sponge iron offers marginally dropped by INR 100-200/MT on less selling pressure with the mills.
News ID: 5548 Publish Date : 2019/07/29
Medium sized re-rollers in Bangladesh have reduced their rebar offers sharply owing to limited buying inquiries from the traders and associates. Also ongoing monsoons have kept rebar demand dull in the country.
News ID: 5546 Publish Date : 2019/07/29
Medium sized re-rollers in Bangladesh have reduced their rebar offers sharply owing to limited buying inquiries from the traders and associates. Also ongoing monsoons have kept rebar demand dull in the country.
News ID: 5545 Publish Date : 2019/07/29
Production of sponge iron in Iran rose 13 percent during spring, which corresponds to the first quarter of Iranian calendar year, compared to the same period of time in the past year, IRNA reported on Monday.
News ID: 5403 Publish Date : 2019/07/22
SteelMint learned from industry participants that Indian market has remained less viable for scrap imports for yet another week. Offer levels remained rangebound in very limited trades reported so far.
News ID: 5355 Publish Date : 2019/07/20
Amid falling Indian domestic sponge prices & decline in Bangladesh imported scrap prices, Indian sponge iron export offers have come down by USD 10-15/MT in recent deals reported, as per assessment made by SteelMint.
News ID: 4830 Publish Date : 2019/06/16
Following rally in Indian domestic sponge prices, the latest export offers being quoted high by USD 5/MT as against assessment made during last week.
News ID: 4641 Publish Date : 2019/05/26
In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have shown a marginal upward movement this week following the recovery in global levels.
News ID: 4635 Publish Date : 2019/05/25
Sponge iron market seems to remain strong, as per manufacturers in central & eastern India. Rising raw material prices & active demand are likely to keep Indian sponge iron prices supported, they added.
News ID: 4626 Publish Date : 2019/05/22
Downtrend in imported scrap prices to Bangladesh and decline in domestic sponge prices in India have collectively lowered sponge iron export offers from India.
News ID: 4534 Publish Date : 2019/05/15
Weakening demand of finished products has lowered furnaces margins (conversion spread) which in turn has weakened buying interest of pig iron in Indian domestic market.
News ID: 4521 Publish Date : 2019/05/14
Bangladesh based large & medium scale mills have kept their rebar offers unchanged this week and trade activities are supported up to certain level, SteelMint learned with the re-rollers in Dhaka.
News ID: 4463 Publish Date : 2019/05/09
Indian spot steel trade activities remains low as finished steel inventories observed more than the average basis with the mid sized mills. Participants being reported, limited inquiries from the local re-rollers for Billet & Sponge iron.
News ID: 4452 Publish Date : 2019/05/07
SteelMint learned from industry participants that imported scrap trades in Pakistan have improved on an account of Ramadan restocking however, Indian market has continued observing comparatively limited activities on ongoing elections while volatile but competitive domestic scrap and sponge iron prices.
News ID: 4438 Publish Date : 2019/05/07
Sponge iron export offers from Jharkhand & Odisha (eastern India) have moved down slightly by USD 5/MT due to declining offers for domestic buyers & falling exchange rate of Indian Rupee against dollar.
News ID: 4418 Publish Date : 2019/05/05
This week (13-20 Apr'19), Indian domestic steel prices remained volatile, however trades remained on lower side amid ongoing elections & holidays mood.
News ID: 4403 Publish Date : 2019/05/04