Eastern India (Durgapur) based couple of mills have concluded small lots of billet & wire rod export deals to Nepal yesterday, SteelMint learned from the exporters.
News ID: 4434 Publish Date : 2019/05/06
This week (13-20 Apr'19), Indian domestic steel prices remained volatile, however trades remained on lower side amid ongoing elections & holidays mood.
News ID: 4403 Publish Date : 2019/05/04
South Korea Billet export down 33% Q-o-Q in Q1 CY’19- The nation’s billet exports fell significantly by 33% in Q1 CY’19 to 0.10 MnT which was 0.15 MnT in Q4 CY’18.
News ID: 4396 Publish Date : 2019/05/02
The private pig iron producers in eastern India - Durgapur, Odisha & Jharkhand have raised prices by around INR 500/MT (USD 7). As per officials, prices have moved up on account of supply crunch and significant rise in domestic billet prices.
News ID: 4286 Publish Date : 2019/04/09
During the week-14 (1st-6th April), Indian spot trades were subdued and due to disruption in power supply in Central region, the prices of Billet & Rebars found support, meanwhile sponge iron prices remained slightly fluctuates on improved availability.
News ID: 4280 Publish Date : 2019/04/09
Rashtriya Ispat Nigam Limited (RINL)- the state-owned steel maker under the Ministry of Steel, had invited a tender for export of 30,000 MT billets of sizes 90*90, 77*77 & 65*65mm. Each billet lot offered was of 10,000 MT each. The material delivery is scheduled by 30 Apr'19.
News ID: 4268 Publish Date : 2019/04/09
Steel export offers from eastern India increased by USD 5-10/MT (W-o-W). The prices moved up on account of surge in domestic prices by INR 700-1,000/MT (USD 10-15), W-o-W. It is to be noted that eastern India based mills have occupied largest share in Nepal's steel import.
News ID: 4263 Publish Date : 2019/04/09
Induction furnaces based in Jindal's industrial park in Punjipatra, Raigarh (Central India) has reported fall in production since 1st April due to power cuts by Jindal power ltd (JPL) for 5-6 hrs/day.
News ID: 4217 Publish Date : 2019/04/07
Spot steel trades improved gradually today and the prices recovered in major markets. Towards the beginning of day, the prices fell by INR 200-300/MT, although by the end of day it moved up by INR 300-500/MT in major markets.
News ID: 4184 Publish Date : 2019/04/04
Indian steel prices fell further today against yesterday. However SteelMint learned that the mills are not looking for more drop in prices considering prices to have bottomed out (further drop may reduce prices below production cost of standalone mills) and are holding positive outlook.
News ID: 4177 Publish Date : 2019/03/30
Rashtriya Ispat Nigam Limited (RINL)- the state-owned steel maker under the Ministry of Steel, has invited a tender for export of 10,000 MT wire rod and 30,000 MT billets.
News ID: 4163 Publish Date : 2019/03/29
Indian spot steel trade activities was uncertain during the week-12 (16-23 Mar'19) due to festive holidays mood & falling raw materials.
News ID: 4153 Publish Date : 2019/03/26
SteelMint learned in recent conversation with participants that imported scrap market in Pakistan has observed improved buying interest amid improving local market sentiments this week.
News ID: 4117 Publish Date : 2019/03/22
Company reduced base price by INR 300/MT in today's auction and nearly 42% material got booked.
News ID: 4099 Publish Date : 2019/03/21
Nepal - which is the largest buyer of commercial grade Billet & Wire rod has continued to show limited buying interest. As per exporters demand is weak due to sharp surge in prices and healthy stock with local mills in Nepal.
News ID: 3896 Publish Date : 2019/03/08
This week Chinese steel market started on a positive note as nation’s currency Yuan appreciated against USD.This led to price gains in domestic market following increase in export offers from China.
News ID: 3475 Publish Date : 2019/01/29
Rashtriya Ispat Nigam Limited (RINL)- the state-owned steel maker under the Ministry of Steel, had invited tender for export of 10,000 MT Billet s and 40,000 MT Blooms. Bid due date was till 04 Jan’19 and bid validity was till 11 Jan’19.
News ID: 3422 Publish Date : 2019/01/26
Indian domestic billet prices drop by INR 400-1,000/MT(USD 6-14) in last one month. Current prices for induction grade billet (which is more popular in merchant market) hovers at INR 32,600/MT (USD 466) ex-Mumbai.
News ID: 3276 Publish Date : 2019/01/15
Iran, one of the major billet exporter in MENA region is currently facing economic sanctions from US, owing to which export of steel has been adversely affected. Recently, on 04 Nov’18, US imposed 2nd phase of sanctions targeting the banking, insurance and shipping industry, which has made the exports more difficult.
News ID: 2999 Publish Date : 2018/12/20
Rashtriya Ispat Nigam Limited (RINL)- state-owned steel maker under the Ministry of Steel, had invited tender for export of 10,000 MT Billet s and 40,000 MT Blooms for mid Jan'19 shipments. The bid due date was till 06 Dec’18 however offer validity was till 13 Dec’18.
News ID: 2992 Publish Date : 2018/12/19