The proposed changes to existing EU safeguard measures for hot-rolled coil would result in a drop in import volumes and consequently injure independent distribution in Europe, Italian steel distributors’ association Assofermet said in a letter to the European Commission (EC).
News ID: 9705 Publish Date : 2020/06/14
Vietnam’s leading steel producer Hoa Phat Group plans to produce 800,000 MT billets and 500,000 MT HRC this year and expects HRC products to be supplied to the market by Sep’20.
News ID: 9608 Publish Date : 2020/05/19
The Egyptian government is expected to approve an additional 10pc duty on steel imports, which could have ramifications for the CIS, Turkey and Europe.
News ID: 9304 Publish Date : 2020/05/04
US flat-rolled steelmakers ArcelorMittal, US Steel and Nucor have increased sheet steel prices after widespread steelmaking closures related to Covid-19.
News ID: 9284 Publish Date : 2020/05/01
Vietnam-based Formosa Ha Tinh Steel abandoned its monthly price list for June steel shipments last week after an 18pc drop in spot markets and will instead negotiate on a case by case basis. Market participants see this as a possible first step toward indexation.
News ID: 9252 Publish Date : 2020/04/28
Indian steel importers cannot use force majeure declarations stemming from the Covid-19 outbreak to block letters of credit with South Korean suppliers, the Mumbai High Court said.
News ID: 9118 Publish Date : 2020/04/13
Imported HRC prices to Vietnam fell further towards the weekend in recent deal being concluded from China. Market sources in Vietnam shared that major steelmaker in China named - Baosteel booked another cargo of 70,000 MT HRC (SAE 1006) for exports to Vietnam at USD 470/MT CFR Vietnam for March shipment.
News ID: 8998 Publish Date : 2020/02/21
According to the latest customs data released, the nation’s finished steel exports reported declined by 27% in the first two months of CY20 to 7.8 MnT as compared to 10.698 MnT in Jan- Feb’19.
News ID: 8881 Publish Date : 2020/03/07
This week Chinese steel prices exhibited optimistic market sentiments with improvement in steel prices amid measures taken by the government to push buying activities in both domestic and export markets. HRC and rebar export offers remained stable. Domestic billet prices gained momentum. Iron ore prices moved up amid measures adopted by the Chinese government. However, coking coal offers inched down on a weekly basis.
News ID: 8880 Publish Date : 2020/03/07
Indian steel mills are reducing output in response to a halt in operations at automakers and a shortage of staff as workers rush back to their hometowns in fear of the coronavirus outbreak in major cities.
News ID: 8826 Publish Date : 2020/03/23
The first trade was done on the CME Group's north European hot-rolled coil ( HRC ) contract today.
News ID: 8825 Publish Date : 2020/03/23
Market sentiments in the Chinese steel market were bolstered by the gains in futures followed by the government’s efforts to thrust the recovery of the steel demand. Meanwhile, China also announced a rate cut in its Required Reserve Ratio (RRR) further adding a push to buying sentiments in the market. Rebar and billet prices ascended this week while HRC prices depicted a slight fall.
News ID: 8823 Publish Date : 2020/03/14
Chinese HRC export offers decline as importers turn bearish
News ID: 8816 Publish Date : 2020/03/17
Iran’s steel output stood was recorded at 43.28 MnT during the first 11 months of the current Iranian year (21 Mar’19 - Feb’20) to register a Y-o-Y rise of 7.96%. The figure includes both semi-finished and finished steel output.
News ID: 8711 Publish Date : 2020/03/12
Indicative broker quotes for the CME exchange's north European hot-rolled coil ( HRC ) contract show steep backwardation to the current spot market.
News ID: 8682 Publish Date : 2020/03/11
European buyers are asking Italian hot-rolled coil ( HRC ) suppliers to ship material earlier than originally contracted, as they are concerned that production and logistics could come to a stop given the country's increasingly strict coronavirus quarantine measures.
News ID: 8679 Publish Date : 2020/03/11
Sentiment in the European hot-rolled coil ( HRC ) market is darkening somewhat, with a confluence of bearish factors strengthening the belief that price increases solely based on lower production will not be sustainable.
News ID: 8653 Publish Date : 2020/03/09
Joint Plant Committee (JPC) released its provisional data for Feb'20 today. According to the released data, India’s finished steel exports witnessed acute fall of 18% M-o-M basis to 0.570 MnT in Feb’20 as compared to 0.694 MnT in Jan' 20.
News ID: 8624 Publish Date : 2020/03/05
This week HR plate prices were reported largely stable on weak demand prevailing in the domestic market. Market participants in trade segment shared that recent increase in prices by steel manufacturers didn’t passed on to retail market over limited inquiries. Buyers are postponing their purchases amid higher plate prices.
News ID: 8619 Publish Date : 2020/03/05
Iran’s steel output was recorded at 39.46 MnT during the first 10 months of the current Iranian year (21 Mar'19 - 20 Jan'20) to register a Y-o-Y rise of 8.79%.
News ID: 8610 Publish Date : 2020/02/25