Indian large scale mills have announced finish long steel prices for Oct’19 deliveries maintaining the similar price range. Few participants are assuming that prices have already bottomed out.
News ID: 6822 Publish Date : 2019/10/08
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
SteelMint in conversation with industry participants learned that major Indian steel manufacturers have kept HRC, CRC prices unchanged for the month of Oct’19 amid slow off take in domestic steel market. Also with the upcoming festive holidays this month domestic HRC prices will continue to remain under pressure in Oct’19.
News ID: 6794 Publish Date : 2019/10/05
According to data maintained with SteelMint, Indian pellet export volumes in Sep'19 were recorded at 1.11 MnT, down 22% on monthly basis as against 1.42 MnT a month ago.
News ID: 6792 Publish Date : 2019/10/05
In week-40 (28th Sep - 5th Oct’19) Indian steel prices in secondary market continued to fall owing to lack of domestic & export inquiries. Major mills announced roll over in finished steel prices for Oct'19.
News ID: 6790 Publish Date : 2019/10/05
Indian HRC bulk export shipments in September are estimated at around 616,000 MT, up from August export levels of 510,000 MT, a rise of over 20% m/m, based on data of 20 ports maintained by SteelMint.
News ID: 6709 Publish Date : 2019/10/04
This week Indian HR plate prices continued to show downtrend over pessimistic sentiments amid dwindling demand hovering in domestic market. Buyers resist their purchasing activities over continuous fall in domestic steel prices.
News ID: 6698 Publish Date : 2019/10/03
Indian iron ore export shipments in Sep’19 was recorded at 1.14 MnT, down 48% as against 2.20 MnT in Aug’19. On yearly basis, exports increased significantly compared to 0.12 MnT in Sep’18.
News ID: 6694 Publish Date : 2019/10/03
S audi Aramco’s trading arm bought 70,000 tons of naphtha from Indian Oil Corp on Friday at premiums not seen since 2013 as it seeks to plug a supply gap following Sept. 14 attacks on its facilities, trade sources said on Monday.
News ID: 6566 Publish Date : 2019/10/07
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
In conversation with industry participants, SteelMint learned that imported scrap offers to India have dropped again, on account of global softening earlier this week following the Turkish bookings at sharply lowered prices. Trades remained slow again this week as most buyers stood cautious of the downward trend.
News ID: 6472 Publish Date : 2019/09/20
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
Finished long steel demand with medium scale mills in India has slightly improved resulting in recent spike in price range, as per weekly comparison.
News ID: 6459 Publish Date : 2019/09/12
Sponge iron export demand strengthened with fresh deals concluded to Nepal as well as during last week for Bangladesh. The both neighbours are the key buyers of steel made by mid sized mills in eastern India.
News ID: 6456 Publish Date : 2019/09/12
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
According to data maintained with SteelMint, Indian pellet export volumes in Aug'19 has been recorded at 1.42 MnT, up 19% on monthly basis as against 1.20 MnT a month ago. On yearly basis, exports increased sharply as compared to Aug'18 exports at 0.45 MnT.
News ID: 6412 Publish Date : 2019/09/06
Indian large mills have rolled over rebar prices despite the weak buying interest, which is being observed through the trade associates along with sufficient stock with mills.
News ID: 6408 Publish Date : 2019/09/06
Indian major steel manufacturers have kept HRC, CRC prices unchanged for the month of Sep’19, SteelMint learned in conversation with industry participants. Owing to prolonged weakness prevailing in domestic demand & increasing inventories, Indian steel mill have also announced rebates over tepid demand and increased inventories in domestic market.
News ID: 6384 Publish Date : 2019/09/05
Indian iron ore export volumes for Aug’19 recorded at 2.20 MnT, up 3% as against 2.13 MnT in July’19. On yearly basis, exports increased significantly compared to nil in Aug’18.
News ID: 6383 Publish Date : 2019/09/05