According to Iranian Steel Producers Association, the country has exported around 2.2 MnT of finished and semi-finished steel products in the first three months of Iranian year (March 21-June 20) to register a Y-o-Y decline of 12%.
News ID: 5932 Publish Date : 2019/08/15
Falling ingot/billet production of standalone mills has lowered supply in merchant market, however weak demand of finished steel products remained a concern. Therefore prices remained volatile since more than a week's time amid subdued trade activities.
News ID: 5770 Publish Date : 2019/08/06
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
During the week-31 (27 Jul-3 Aug’19), Indian steel prices in secondary market remained on a free fall owing to weak demand from the domestic & global buyers.
News ID: 5768 Publish Date : 2019/08/06
Indian induction grade billet export offers to Nepal declined following drop in Indian domestic prices, however as per suppliers buyers are in wait & watch mode with assumption of further drop in offers due to onset of monsoon which turned demand weak.
News ID: 5740 Publish Date : 2019/08/05
This week global billet market witnessed some trades from Iranian mills to China. The prime reason for China importing billets is imposition of environmental restrictions production. The other prime markets remained silent amid disparity between bids & offers.
News ID: 5736 Publish Date : 2019/08/05
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
According to market sources report to SteelMint, China has booked around 44,000 MT billet from Iran this week. The deal value was reported to be USD 390/MT FoB Iran for which landed price would come around USD 440-445/MT, CFR levels
News ID: 5722 Publish Date : 2019/08/05
Steel Authority of India - a government of India company has floated export tender for prime mild steel non-alloy concast billets. The tender quantity is reported to be 18,900 MT. The cargo will be shipped from Haldia port. The tender was put up for Prime Mild Steel Non-Alloy Concast billet, size 125*125 mm offered from Durgapur Steel plant.
News ID: 5687 Publish Date : 2019/08/02
Billet : Yesterday, the ex-factory price of general carbon square billet in Tangshan, Changli and Qian‘an was settled at RMB 3,650/MT, up RMB 10. Today, the steel market is weak, and the prices of finished products trend lower. Mill direct sales are insufficient. The ex-warehouse spot is around RMB 3,700/MT tax-included with a few transactions.
News ID: 5654 Publish Date : 2019/08/01
Steel Authority of India Limited (SAIL), conducted auction from its central India based Bhilai Steel Plant (BSP) for defective steel products on 24th Jul'19.
News ID: 5642 Publish Date : 2019/08/01
Steel Authority of India Limited (SAIL), conducted auction from its central India based Bhilai Steel Plant (BSP) for defective steel products on 24th Jul'19.
News ID: 5554 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
Iranian billet export market sentiments remained supported this week on the back of supply tightness.
News ID: 5516 Publish Date : 2019/07/28
South Korea billet exports in Q2CY’19- South Korea’s billet exports remained stable on quarterly basis at 0.1 MnT since last two quarters in CY19.
News ID: 5351 Publish Date : 2019/07/20
NLMK, one of the leading steel producers of Russia has released 2019 Q2 operational performance results on 15 Jul’19. The highlights are as follows
News ID: 5253 Publish Date : 2019/07/17
A court in Egypt has overruled objections by the government to the overturning of steel billet import sanctions, meaning the 15pc duty cannot be charged.
News ID: 5230 Publish Date : 2019/07/16
This week Chinese steel prices exhibited bearish market sentiments as the news of easing production cuts in Tangshan region will remain till end Jul’19. This resulted to slight fall in steel prices in China.
News ID: 5085 Publish Date : 2019/07/09
Steel Authority of India (SAIL) recently conducted auction from its Bhilai Steel plant for defective steel products on 1st Jul'19. Out of 44,685 MT steel put up for auction, only 10,480 MT (23.45%) was sold. Bids for billets lowered by INR 100-200/MT against last auction. Bids for billets were reported at INR 27,300-27,650/MT (ex-Bhilai).
News ID: 5084 Publish Date : 2019/07/09