Pakistan's local currency - PKR remained volatile against USD over the last one week, keeping domestic steel sentiments uncertain but local steel prices shot up on increased input cost and inclusion of 17% FED with the beginning of the new financial year from July 1st.
News ID: 5010 Publish Date : 2019/07/04
Japan, the worlds third largest crude steel producer observed fall in exports of ferrous scrap and finish long steel while exports of semi-finished products and finish flat steel witnessed an increase on the monthly basis in May'19, the customs data maintained with SteelMint showed.
News ID: 5005 Publish Date : 2019/07/03
As per trade sources report, limited inquiries from domestic buyers has resulted most of manufacturers in Durgapur (eastern India) to explore export opportunities. Mills are giving priority to export deals to clear inventories.
News ID: 4979 Publish Date : 2019/07/02
Rashtriya Ispat Nigam Limited (RINL)- the state owned steel maker under the Ministry of Steel, has invited a tender for export of 30,000 MT Billet s and 20,000 MT Bloom.
News ID: 4972 Publish Date : 2019/07/01
Towards end of last week, Tangshan announced steel & sintering production cuts of 20-50% until 1st Aug to curb air pollution. Against Friday's Chinese domestic billet prices went up by RMB 100 (USD 14-15/MT, yesterday)
News ID: 4964 Publish Date : 2019/07/01
The global billet market is struggling to recover from the aura of sluggish sentiments. This week CIS billet assessment weakened by USD 10-15/MT amid fall Turkey's scrap import prices which lowered by USD 15/MT W-o-W. SteelMint’s assessment for US origin HMS (80:20) scrap to Turkey is USD 279/MT, CFR against USD 293/MT, CFR a week back.
News ID: 4895 Publish Date : 2019/06/24
This week Chinese steel market exhibited mixed sentiments in domestic market since steel prices reported decline in the beginning of the week and witness rebound towards the end of this week amid gains in futures market.
News ID: 4891 Publish Date : 2019/06/24
Today, the ex-factory price of general carbon billet in Tangshan, Changli and Qian’an was settled at RMB 3,410/MT, down RMB 20 since morning. However on weekly basis it dropped RMB 80-100 compared with last Friday.
News ID: 4851 Publish Date : 2019/06/20
This was the consecutive week, in which Turkey's scrap import prices fell down by USD 8-10/MT and global billet market witnessed yet another dull week. Although it was not surprising for the marketers, the market acted exactly in line with the expected resonance
News ID: 4838 Publish Date : 2019/06/18
This was another dull week for global billet market. This week, market was observed exactly in the similar tone with the expectations. The dullness intensity of the global billet market escalated this week, even the Eid festivity did not brought any boon to the market.
News ID: 4832 Publish Date : 2019/06/16
Iranian billet export market sentiments softened this week after the market resumed from Eid holidays. As expected, this week market sentiments were reported barely weak, the recent billet export offers says all
News ID: 4819 Publish Date : 2019/06/15
This week global billet market remained silent amid Eid holidays. Even the post festivity is not expected to defeat the weak billet export market sentiments, amid weakening global scrap prices. Imported scrap prices in Turkey have inched down in absence of trades. SteelMint’s assessment for US origin HMS (80:20) is at USD 300/MT, CFR towards weekend.
News ID: 4800 Publish Date : 2019/06/11
Due to festivity of Eid across the globe, the Iranian billet export market was reported dull sentiments this week. However, in recent, one of the leading billet producer of the country offered 30,000 MT billets at USD 390/MT FoB. The shipment is scheduled for end Jun’19.
News ID: 4778 Publish Date : 2019/06/09
Rashtriya Ispat Nigam Limited (RINL)- state-owned steel maker under the Ministry of Steel, has invited a tender for export of 30,000 MT Billet s and 20,000 MT Bloom.
News ID: 4764 Publish Date : 2019/06/07
Billet export offers from CIS nations weakened following drop in scrap prices. Turkey’s scrap import prices witnessed a decline this week; a drop of USD 8-10 is reported against last week. SteelMint’s assessment for US origin HMS (80:20) stands at USD 304/MT, CFR Turkey, lower by around USD 8- 10 against last week. This drop is weakening the billet trade sentiments across the globe.
News ID: 4751 Publish Date : 2019/06/04
Steel Authority of India - a government of India Company has invited an ocean export tender for billets from its Durgapur Steel plant. The tender quantity is reported to be 18,900 MT billets (Prime Mild steel and non alloy concast) with size 125*125 mm having specifications; C-0.27-0.32%, Mn-0.70-0.90%, S-0.05% max, P-0.05% max and Si - 0.15-0.35% .
News ID: 4712 Publish Date : 2019/06/01
Iranian billet export offers reported majorly stable this week. According to SteelMint’s assessment, due to increase in Turkey’s scrap import prices last week, the Iran billet offers increased to USD 400/MT, FoB mark. Also, the boosted trade sentiments in CIS nations had set up the high price trade expectations for billet producers in Iran but no deal was reported at this price.
News ID: 4701 Publish Date : 2019/05/31
Two giant Iranian aluminum companies have produced more than 20,000 tons of ingots in the first month of the current Iranian calendar year (March 21 – April 21).
News ID: 4664 Publish Date : 2019/05/28
Iranian billet market has started recovering from dull sentiments and has picked up pace this week. According to SteelMint’s assessment, this is primarily due to the recent increase in Turkey’s scrap import prices, which witnessed a hike of USD 10/MT, yesterday against last week.
News ID: 4643 Publish Date : 2019/05/26
US tariff cuts on steel imports from Turkey has started strengthening the trade sentiment in CIS nations, effects can be witnessed with recent billet export indications from CIS nations, which was reported to be USD 420-423/MT, FoB Black Sea. This is higher against last week offers of USD 410-415/MT, FoB Black Sea.
News ID: 4625 Publish Date : 2019/05/22