Formosa Ha Tinh Corporation (FHS)- Vietnam’s largest steel manufacturer of the country has announced its billet offers for Jan’20 shipments. The price offered for billet by the company is reported to be USD 420/MT, CIF North and that to for South is reported to be USD 425/MT, CIF, surged by USD 20/MT, against last month.
News ID: 8036 Publish Date : 2019/12/13
Indian steel mills cheer on active demand from global market, SteelMint learned from market participants. Most of the large mills making billets from BF route are booked for Jan/Feb shipments.
News ID: 8031 Publish Date : 2019/12/14
Following surge in Indian domestic prices, billet export offers to Nepal increased by USD 5-10/MT W-o-W. Deals for induction grade billet have been reported this week from eastern India, however primary mills are less interested to sell in Nepal owing to high offers in ocean market.
News ID: 8023 Publish Date : 2019/12/18
In Oct’19, Philippines billet imports were recorded at 224,452 MT to register a growth of 42.1 % against Sep’19. Meanwhile, country’s imports have registered a Y-o-Y growth of 8.9% during the same period under consideration. During Oct’18 the country’s imports were at 206,148 MT
News ID: 8020 Publish Date : 2019/12/18
Indian medium and small scale mills have raised rebar offers amid strengthening raw material (billet) prices along with improved trade volume. Rebar prices increased by INR 400-1,300/MT (USD 5-19) across markets on weekly basis.
News ID: 8019 Publish Date : 2019/12/18
This week billet export offers from all the regions rose sharply.
News ID: 7745 Publish Date : 2019/11/23
This week Billet export offers from all the regions rose marginally. The prime reason of this increased offer is active demand and supported scrap prices in Turkey.
News ID: 7607 Publish Date : 2019/11/16
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
Khouzestan Steel Company (KSC) - one of the leading exporters of Iran, has invited export tender for billets (150*150 & 130*130mm) and slabs of quantity 30,000 MT each. The tender is due tomorrow. The company is eyeing to conclude the deal at USD 360/MT, FoB for billet and USD 350/MT, FoB for slab.
News ID: 7405 Publish Date : 2019/11/07
SteelMint learned in recent conversations with market participants that the imported scrap offers to Pakistan have continued to move up this week with recent upsurge the global market. After remaining slow earlier in the previous week, trade activities have picked up . Local scrap and Billet prices moved up on increasing global scrap offers, while domestic steel demand remains low.
News ID: 7350 Publish Date : 2019/11/05
This week Iranian billet export market remained slow amid semi holiday week, on account of Martyrdom of Imam Reza. However, billet export offers from the country increased marginally towards end of the last week. SteelMint assessment for Iranian billet are standing at USD 350-355/MT, FoB Iran, up USD 5/MT against last week.
News ID: 7308 Publish Date : 2019/10/31
Billet : Yesterday, the ex-factory price of general carbon square billet in Tangshan, Changli and Qian’an was settled at RMB 3,350/MT, down RMB 10; in today’s morning session, the price of billet tends to go weak and transactions on billet are moderate while price of finished steel slips slightly.
News ID: 7115 Publish Date : 2019/10/29
This week, SE Asia billet market was reported with positive trade sentiments and boosted import offers. Billet import offers in the region have also moved up marginally and are assessed at USD 400-405/MT, CFR SE Asia, up USD 5-10/MT, against last week.
News ID: 7095 Publish Date : 2019/10/25
China’s semi-finished steel surged in Sep’19 amid scrap ban. On 1st Jul'19, China's Ministry restricted imports of scrap with importers requiring proper permits.
News ID: 7088 Publish Date : 2019/10/24
This week Iranian billet export market reported trade active. A deal of quantity 40,000 MT billet was reported to conclude to SE Asia from the country. The deal was reported to have concluded at USD 347/MT, FoB Iran and the shipment is schedule for mid December.
News ID: 7052 Publish Date : 2019/10/23
SteelMint learnt in recent conversations with market participants that Pakistan based steel mills have raised rebar offers this week by around PKR 1000/MT (USD 6) following hike in imported scrap prices. The imported scrap offers to Pakistan has continued to inch up over the last week following the rising global trend in recent bookings to Turkey. However, buying activities have been quite slow at high offers with few low quantity bookings getting concluded to maintain inventories. The domestic market is still facing slow demand on issues like cash flow and delayed projects.
News ID: 7048 Publish Date : 2019/10/22
Indian Billet & Sponge iron prices slightly fluctuated by INR 100-300/MT today amid average spot trades.
News ID: 7046 Publish Date : 2019/10/22
Indian billet and pig iron exports turn active on renewed buying interest from Chinese traders.
News ID: 6991 Publish Date : 2019/10/16
Bangladesh - which is the largest buyer of Indian sponge iron recent has resumed purchase which was slowed down since couple of weeks.
News ID: 6987 Publish Date : 2019/10/16
India has recorded sharp growth in billet/bloom export shipments against last month. Based on data of ports maintained with SteelMint, India has exported approximately 181,310 MT of billets and blooms in Sep’19 against around 64,000 MT in Aug’19.
News ID: 6793 Publish Date : 2019/10/05