According to the latest data from the National Bureau of Statistics, China's daily average crude steel output in April 2019 was 2,834,300 tonnes, breaking the record high average of 2,694,800 tonnes per day of crude steel output in September 2018.
News ID: 4619 Publish Date : 2019/05/22
Indian Silico Manganese Prices are under pressure due to various factors as it is highly dependent on the inventory level possessed by the producer and the region they are offering from and also the grade quality.
News ID: 4618 Publish Date : 2019/05/22
Formosa Ha Tinh Corporation (FHS), Vietnam’s largest steel manufacturer of the country has revealed the billet export offers today for shipments scheduled by July. The price offered by the company is reported to be USD 465/MT, FoB, up marginally by USD 4/MT against last month.
News ID: 4579 Publish Date : 2019/05/19
The dullness in the Iranian market continued for this week as well, market sentiments have remained marginally down with limited trades being witnessed this week. Imposition of sanctions from US on Iran is dampening the market sentiments.
News ID: 4556 Publish Date : 2019/05/17
Indian Billet & Wire rod export offers to Nepal fell by USD 5-10/MT W-o-W, following declining offers in domestic market. However with falling export prices, purchases have improved by Nepal based mills.
News ID: 4552 Publish Date : 2019/05/16
Indian Billet prices slightly fluctuated by INR 100-300/MT on average trade inquiries amid less clarity in market directions whether the prevailing price range will sustain or may report sharp change in coming days.
News ID: 4530 Publish Date : 2019/05/15
Weakening demand of finished products has lowered furnaces margins (conversion spread) which in turn has weakened buying interest of pig iron in Indian domestic market.
News ID: 4521 Publish Date : 2019/05/14
SteelMint learned in recent conversations with industry participants that imported scrap offers in containers to Pakistan have shown stability after observing softening towards the closing of the last week
News ID: 4511 Publish Date : 2019/05/14
Indian Steel prices further drop owing to limited trade activities, as reported by participants. The prices on daily assessment fell by INR 100-600/MT through the mid sized mills.
News ID: 4507 Publish Date : 2019/05/14
Rashtriya Ispat Nigam Limited (RINL)- a state-owned steel maker under the Ministry of Steel, has invited a tender for export of 30,000 MT Billet s and 30,000 MT Bloom.
News ID: 4504 Publish Date : 2019/05/14
Participants reported less inquiries from the re-rollers end resulted gradual decline in Billet & Sponge iron prices by INR 100-300/MT day on day in major markets.
News ID: 4499 Publish Date : 2019/05/14
This week global billet market observed limited trades amid ongoing holidays in major countries. The market remained abuzz with news of US sanctions announcement on oil purchasing from Iran.
News ID: 4494 Publish Date : 2019/05/10
This week Chinese steel market reported rebound in its steel prices as buyers in China were restocking the material amid May Day holiday. However nation’s export offers witnessed decline over subdued trades.
News ID: 4491 Publish Date : 2019/05/10
Indian spot steel trade activities was remain on average basis as prices volatile by INR 100-200/MT on day trade activities.
News ID: 4487 Publish Date : 2019/05/10
Rashtriya Ispat Nigam Limited (RINL) - state-owned steel maker under the Ministry of Steel, has invited a tender for export of 10,836 MT Billet s and 2,709 MT Bloom.
News ID: 4486 Publish Date : 2019/05/10
Indian steel prices slightly fluctuated amid subdued trade activities as prices in across major markets increased by INR 100-200/MT except in Western India where same proportion fall observed.
News ID: 4472 Publish Date : 2019/05/09
Hot-rolled coil prices rose by RMB 20,and 1500mm wide flat sheet by first-tier mill offered at RMB 3,910/MT, second-tier at RMB 3,900/MT while Q345 flat sheet at RMB 4,070/MT. Transaction is good.
News ID: 4468 Publish Date : 2019/05/09
Godawari Power and Ispat Limited (GPIL) - one of the largest steel producers based in central India has released its operational results for fourth quarter of FY’19 ending Mar'19.
News ID: 4456 Publish Date : 2019/05/09
Billet export offers from CIS nations and Iran have softened this week. Offers from CIS have come down by USD 5-10/MT and domestic Chinese prices exhibited volatility this week.
News ID: 4447 Publish Date : 2019/05/07
Indian domestic steel trade activities was not up to the mark during the week-17 (20-27th Apr'19). Meanwhile supply remains on average basis of Semis products, this in turn volatility in Sponge iron & Billet prices by INR 200-700/MT in major markets.
News ID: 4446 Publish Date : 2019/05/07