SteelMint learned from sources that Taiwan’s domestic scrap and rebar prices have finally come down after remaining flat for 5 weeks’ period.
News ID: 6159 Publish Date : 2019/08/25
Two Marmara-based mills were confirmed to have sold cargoes into the US in the past 24 hours, providing a potential outlet for other mills looking to move material in the short term.
News ID: 6116 Publish Date : 2019/08/22
The country’s finished steel output booked a Y-o-Y growth of 9% during the first four months of the current Persian year March 21-July 22). The country produced a total of 4.12 MnT of finished steel products, including hot- and cold-rolled coils, rebar, beams, pipes, wide and galvanized sheets, Iranian Mines and Mining Industries Development and Renovation Organization’s reported.
News ID: 6070 Publish Date : 2019/08/20
Indian billet prices fell further due to weak demand in finished products and as per daily assessment the drop is about INR 100-500/MT with major correction of INR 500/MT (USD 7) in southern India, Hyderabad.
News ID: 6067 Publish Date : 2019/08/20
In the beginning of this week Chinese steel prices slump further amid bearish market sentiments both in domestic and overseas markets. However towards the end of this week steel prices in domestic market moved up marginally over volatile futures.
News ID: 6048 Publish Date : 2019/08/19
Indian steel prices rallied today following rumours in the market saying that Indian government has imposed safeguard duty on temporary basis by 20-25% on imported flat steel. However no official confirmation or official circular was received till the time of publication this report.
News ID: 5997 Publish Date : 2019/08/17
Indian rebar prices of medium and small scale mills hit nearly 2 years low amid constant downfall over dull demand amid heavy monsoon season which has put construction activities on hold. As per SteelMint's assessment the prices slumped by INR 500-1,500/MT (USD 7-21) W-o-W.
News ID: 5977 Publish Date : 2019/08/16
This week Chinese steel prices continued to remain volatile amid fluctuating futures market and weakening demand. Also news of recent US tariff on China has hurt price sentiments. Nation’s HRC export offers along with rebar witnessed minor correction. However spot iron ore fines fell sharply by USD 10-11/MT against last week.
News ID: 5769 Publish Date : 2019/08/06
Rebar demand in Indian secondary market (those of mid sized mills) remains depressed due to dull sentiments observed in domestic market as well as global market.
News ID: 5732 Publish Date : 2019/08/05
Medium sized re-rollers in Bangladesh have kept their rebar offers unchanged against last week's assessment. However limited buying inquiries amid seasonal slowdown have urged them to offer trade discounts depending upon quantity.
News ID: 5726 Publish Date : 2019/08/05
This week Chinese steel prices remained volatile over fluctuating futures and softening demand. However nation’s HRC export offers remained stable and rebar export offers witnessed marginal decline. Meanwhile iron ore prices gained momentum towards the weekend.
News ID: 5648 Publish Date : 2019/08/01
This week Chinese steel prices remained volatile over fluctuating futures and softening demand. However nation’s HRC export offers remained stable and rebar export offers witnessed marginal decline. Meanwhile iron ore prices gained momentum towards the weekend.
News ID: 5561 Publish Date : 2019/07/29
Mid sized mills in central & western India have cut rebar production on the back of dull domestic demand. Mills have lowered production by 30-40% which lead to fall in inventories. Inventories have comparatively lowered than previous week.
News ID: 5556 Publish Date : 2019/07/29
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
In recent conversations with industry participants, SteelMint learned that imported scrap offers to Pakistan have recovered moderately after touching record low levels last week, as strengthening in the global market is making suppliers less inclined to sell at low prices.
News ID: 5478 Publish Date : 2019/07/25
Rebar demand in Indian domestic market continues to slow down amid less buying inquires across major markets and poor lifting. This urged industrialists to adjust the price range as per market requirement and offers have reduced by INR 400-600/MT (USD 6-9) in a week's duration.
News ID: 5349 Publish Date : 2019/07/20
Indian steel prices fall further due to weak demand & strong supply in across markets and as per daily assessment the prices drop by INR 100-400/MT(upto USD 6).
News ID: 5247 Publish Date : 2019/07/17
This week Chinese steel prices witnessed downside over volatile futures.Meanwhile this in turn resulted to marginal decline in export offers from China.
News ID: 5238 Publish Date : 2019/07/17