This was the consecutive week, when billet import offers in the region remained stable. However, amid supply tightness, Turkish imported scrap prices are keeping the billet export market sentiments supported in the region.
News ID: 7411 Publish Date : 2019/11/08
Indian HRC export offers to Vietnam have moved up by USD 10/MT for positioned cargoes for Dec shipments, owing to higher bids from Vietnam buyers. Thus currently Indian HRC offers are at USD 440/MT CFR Vietnam .
News ID: 7404 Publish Date : 2019/11/07
SteelMint in conversation with market participants learned that Vietnam based end users have raised their bids for imported HRC following hike in offers. Current offers for positioned cargo of Indian HRC is assessed around USD 425-430/MT, CFR Vietnam .
News ID: 7349 Publish Date : 2019/11/05
SteelMint, in conversation with Vietnam based market participants, learned that HRC offers from major exporting nations witnessed an uptick by USD 10-15/MT for Nov-Dec shipments.
News ID: 7343 Publish Date : 2019/11/04
SteelMint learnt from market participants that imported scrap offers to Vietnam have seen a sharp rise in the last couple of weeks, in line with the uptrend at global levels. As offers of Japanese origin bulk cargoes have also gone up by upto USD 15/MT in the last 2 weeks amid recent rebound, trades have remained rather slow.
News ID: 7340 Publish Date : 2019/11/04
In conversation with market sources SteelMint heard that a major Indian steel manufacture has booked HRC for export to Vietnam for Nov-end Dec shipments. The deal concluded is for 50,000 MT of HRC (SAE 1006) at USD 422-425/MT CFR Vietnam .
News ID: 7337 Publish Date : 2019/11/01
In conversation with trade participants, SteelMint learned that Indian mills have increased HRC export offers to Vietnam by around USD 5-10/MT against last week.
News ID: 7304 Publish Date : 2019/10/31
This week, imported HRC offers to Vietnam from China inch down further amid lower HRC offers from other exporting nations.Indian steel mills have put their offers on hold. Last offers from mills were reported at USD 430/MT, CFR Vietnam . However offers for positioned cargoes from India is heard around USD 420/MT CFR basis.
News ID: 6937 Publish Date : 2019/10/14
With the beginning of this week imported HRC offers to Vietnam reported a further decline from major exporting nations. Market sources based in Vietnam shared that buyers continue to eye for cheaper HRC offers. Although, Chinese steel mills are celebrating Golden Week holidays from 1st Oct to 7 Oct’19.
News ID: 6820 Publish Date : 2019/10/08
Indian steel makers offering competitive HRC export offers to Vietnam - Amid flat buying and poor demand hovering in domestic market, Indian steel makers have resorted to ease off inventories to global market. Also low priced imports from Russian steel-makers to Vietnam pushed Indian HRC export offers on lower side.
News ID: 6699 Publish Date : 2019/10/03
According to a recent report, the Ministry of Industry and Trade (MoIT) has decided to officially impose the highest rate of anti-dumping duties on aluminium products from 16 Chinese producers. While six Chinese exporters will face the duty of 35.58 per cent, eight between 18.16 per cent and 35.39 per cent, the final two will face a rate of less than 10 per cent.
News ID: 6538 Publish Date : 2019/10/03
As per the recent conversation of industry participants with SteelMint, major steel manufacturer based in western India booked around 50,000 MT of HRC for export to Vietnam .
News ID: 6485 Publish Date : 2019/09/23
End users based in Vietnam continue eyeing for lower HRC import offers from Russia and India compared to China over competitive pricing, shared by market participants based in Vietnam .
News ID: 6473 Publish Date : 2019/09/20
Vietnam ’s domestic steel producer - Formosa Ha Tinh has announced a steep cut of around USD 51/MT in its offers for Nov shipments.
News ID: 6469 Publish Date : 2019/09/13
Formosa Ha Tinh Corporation (FHS), Vietnam ’s largest steel manufacturer of the country has slashed its billet offers for shipments scheduled by Oct’19. The price offered for billet by the company is reported to be USD 420/MT, CIF North, down USD 35/MT against last month and that to for South is reported to be USD 425/MT, CIF, down from USD 460, CIF against last month.
News ID: 6468 Publish Date : 2019/09/13
Mounting inventories and falling domestic demand are forcing Indian mills to remain active in exports market.In recent trade activities, Indian steel mills heard to have concluded around 100,000 MT HRC export deals for Oct shipments to Vietnam , SteelMint learnt from market participants.
News ID: 6467 Publish Date : 2019/09/13
As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has again lowered its scrap purchase price by JPY 500/MT (USD 5) at 4 out of its 5 plants today, except for Kyushu works. This comes as the 3rd price lowering by the company this month, while the new prices for all grades shall be effective from tomorrow (11th Sep’19)
News ID: 6446 Publish Date : 2019/09/10
Indian steel mills export aggressively as domestic sales remain slow- Market sources shared with SteelMint that Indian steelmakers booked around 50,000 MT of HRC with Vietnam at around USD 455-460/MT CFR Vietnam for Oct deliveries. Last week the offers was assessed around USD 460-465/MT CFR basis. Thus decline of USD 5-10/MT could be seen in recent deals concluded.
News ID: 6443 Publish Date : 2019/09/10
Weakening trades, higher inventories and falling steel prices compelled Indian steel mills to actively export HRC to global market
News ID: 6437 Publish Date : 2019/09/09
After witnessing some deals towards end of the last week, the SE Asia’s billet import market reported dull this week. Sharp plunge in global scrap prices turned market sentiments gloomy in global billet market. After India upturned its interest towards the region, the SE Asia buyers are now trying to further pull down the billet prices. As a result of which further drop in the offers from CIS nations was seen this week.
News ID: 6414 Publish Date : 2019/09/06
Condolence message of the Minister of Industry, Mining and Trade following the martyrdom of the President of Iran and his delegation
Condolence message from the CEO of Sangan Steel following the martyrdom of Ayatollah Raisi, the President and his companions
Leader declares five days of national mourning over loss of Raisi, FM
Iran president, FM killed in tragic helicopter crash