Billet

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Iran’s steel ingot production registered a 5.2 percent rise during the first ten months of the current Iranian year (March21,2023_January20,2024).
News ID: 11277    Publish Date : 2024/02/13

The Egyptian government is expected to approve an additional 10pc duty on steel imports, which could have ramifications for the CIS, Turkey and Europe.
News ID: 9304    Publish Date : 2020/05/04

Metalex staffs are presently working overtime at its sites in Poole, Horsham, Birmingham, Chepstow and Milton Keynes to process the orders for aluminium plate and bar billets to be used in the rapid production of medical equipment.
News ID: 9099    Publish Date : 2020/04/09

Steel Authority of India Limited (SAIL) conducted an auction from its central India based Bhilai Steel Plant (BSP) for defective steel products on 20 Feb’20. The auction fetched better response in terms of allotted quantity against the last auction conducted on 12 Feb’20. Bids remained similar to previous auction.
News ID: 9001    Publish Date : 2020/02/21

This week, SE Asia billet import market was reported with mixed sentiments, as China’s billet offerings has disturbed the sentiments in the region. Amid corona virus outbreak in China, the domestic billet prices of country have dropped down by RMB 300 (~ USD 45) which is at 3-year low levels; RMB 3000/MT including VAT. The event was the result of increased finished steel inventories which have reached to the 5 years high levels due to pandemic.
News ID: 9000    Publish Date : 2020/02/21

Vietnam has extended safeguard measures on imports of steel billet, rebar and wire rod until 2023, the trade and industry ministry said.
News ID: 8846    Publish Date : 2020/03/24

Indonesia's billet imports were recorded at 376,169 MT during Jan’20 to book an M-o-M decline of approximately 20%. Also, the same witnessed a Y-o-Y decline of approximately 41% from 634,221 MT during Jan’19. India, Russia and, Pakistan were noted to be the top billet exporters to the country with 68,933 MT, 68,364 MT and 65,662 MT of billet exports respectively, during the month.
News ID: 8814    Publish Date : 2020/03/17

Imported scrap Offers to Pakistan have plummeted over the last week, following a downturn at global levels as well as low bids and general disinterest from the buyers' side. This week, the buying activates remained the slowest among the last 4-5 weeks, although few odd bookings were concluded. Sudden currency depreciation also remained a concern.
News ID: 8812    Publish Date : 2020/03/17

This week, Iran billet export prices fell marginally in recent deals. SteelMint’s assessment for billet export offers from Iran is at USD 380-385/MT, FoB Iran, down USD 5-10/MT, against last week. While domestic billet offers in the country are at IRR 52,600/kg, including 9% VAT.
News ID: 8713    Publish Date : 2020/03/12

Iran’s steel output stood was recorded at 43.28 MnT during the first 11 months of the current Iranian year (21 Mar’19 - Feb’20) to register a Y-o-Y rise of 7.96%. The figure includes both semi-finished and finished steel output.
News ID: 8711    Publish Date : 2020/03/12

Billet stocks at 14 trading houses under Mysteel’s weekly survey in Tangshan, North China’s Hebei province, surged to a near two-year high of 1.08 MnT as of February 27, though the speed with which stocks are rising slowed during the survey week amid the gradual resumption of buying among re-rollers, according to Mysteel’s latest survey.
News ID: 8618    Publish Date : 2020/03/03

Iranian domestic billet prices have witnessed an acute drop this week. The billet prices have fallen by IRR 8,800/kg, W-o-W. As a result of this event, the country’s finished steel prices are also witnessing the drop.
News ID: 8614    Publish Date : 2020/03/03

Indian Induction grade Billet export offers dropped rigorously on account of falling prices in Indian domestic market.
News ID: 8613    Publish Date : 2020/03/03

Iran failed to comply with international anti-terrorism funding norms following which the the country got black listed by the Financial Action Task Force (FATF) last week on 21 Feb’20.
News ID: 8607    Publish Date : 2020/02/25

Iranian billet export offers witnessed a marginal increase amid active domestic demand. However, no export deals were reported during the week.
News ID: 8565    Publish Date : 2020/02/27

A new international report shows that Iran’s steel output has increased by 46.7% in the past 12 months, indicating a stunning jump 20 times bigger than the world average growth of 2.1% in the same period.
News ID: 8490    Publish Date : 2020/02/26

Rashtriya Ispat Nigam Limited (RINL)- state-owned steel maker under the Ministry of Steel, has issued spot sales notice for export of 10,000 MT bloom, 10,000 MT billet & 10,000 MT wire rod coils.
News ID: 8148    Publish Date : 2019/12/26

Rashtriya Ispat Nigam Ltd (RINL), the public sector steel producer operating in Vizag, has reported subdued performance at one of its blast furnaces, thus impeding the monthly steel output noted from the company.
News ID: 8145    Publish Date : 2019/12/26

This week, SE Asia’s billet import market was reported trade silent for the consecutive week amid New Year Holidays with few major suppliers remaining out of market.
News ID: 8142    Publish Date : 2019/12/27

Imported scrap offers to Pakistan inched up marginally this week by upto USD 5/MT W-o-W. Following global uptrend, offers to Pakistan have increased.
News ID: 8105    Publish Date : 2019/12/24

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