Sluggish buying and dull trades have kept domestic HRC market sentiments subdued in domestic market. Ongoing elections, rising inventory among traders due to poor sales volumes along with lull demand resulted in bearish sentiments in India’s domestic flat steel market.
News ID: 4514 Publish Date : 2019/05/14
Prevailing holidays in key countries like China, Japan and Vietnam, kept trades on lower side last week.
News ID: 4503 Publish Date : 2019/05/14
SteelMint in conversation with trade sources mentioned that Indian based stockist concluded a deal of imported HRC from Korea for June shipments.
News ID: 4488 Publish Date : 2019/05/10
In conversation with industry participants, SteelMint learned that major Indian steel manufacturers have rolled over HRC & CRC prices for May deliveries.
News ID: 4470 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
Chinese HRC export offers edge down despite rebound in domestic prices- Chinese HRC export offers reported decline on weekly basis despite rebound in domestic prices. Traders in the domestic market are restocking the inventories ahead of May day holidays in China.
News ID: 4466 Publish Date : 2019/05/09
As per the vessel line up data compiled by SteelMint, Bangladesh has observed a sharp fall in bulk imports of ferrous scrap and coal on monthly premises in Apr’19.
News ID: 4459 Publish Date : 2019/05/09
This week Chinese steel prices exhibited mixed sentiments as they started the week with positive note amid higher steel prices. However later prices declined gradually on weekly basis owing to dull trading activities and weak demand in domestic market.
News ID: 4445 Publish Date : 2019/05/07
Market sources shared with SteelMint that steel importers based in Bangladesh are actively booking imported HRC from China, Japan and Korea for June shipments.
News ID: 4431 Publish Date : 2019/05/06
Indian HRC prices witnessed marginal decline this week in few markets owing to bearish market sentiments and tedious demand prevailing in domestic market.Traders reported weak buying interest due ongoing general assembly elections in India.
News ID: 4423 Publish Date : 2019/05/06
SteelMint in conversation with market sources heard that a last week a major Indian steel mill concluded a deal to Vietnam for May shipments.
News ID: 4417 Publish Date : 2019/05/05
SteelMint in conversation with market sources learned that one of the major CRC and galvanized steel producer in Bangladesh has booked HRC from Japan for May shipments.
News ID: 4412 Publish Date : 2019/05/04
According to vessel line up data maintained with SteelMint, vessel named “Magnum Force” carrying 53,860 MT pellets from Iran is expected to arrive at Kandla port shortly. Since the data maintained with SteelMint, it’s for the first time that India is importing pellets from Iran.
News ID: 4410 Publish Date : 2019/05/04
This week Chinese steel prices surge in the beginning of the week and witness decline towards the weekend over fluctuating futures. Meanwhile export offers inched up on weekly basis .
News ID: 4404 Publish Date : 2019/05/04
Vietnam’s domestic steel producer - Formosa Ha Tinh have recently announced revision in its steel prices today. The company have inched up its HRC offers by USD 5/MT for May end June shipments.
News ID: 4400 Publish Date : 2019/05/02
Indian HRC prices reported slight decline this week amid sluggish trades prevailing in domestic market amid ongoing elections.
News ID: 4394 Publish Date : 2019/05/02
Imported HRC offers to Vietnam remain stable in the beginning of this week amid ongoing public holidays in Vietnam. Vietnamese buyers are on holiday mood on the occasion of Hung Kings Commemoration.
News ID: 4378 Publish Date : 2019/04/29
SteelMint in conversation with market participants shared that a major Indian steel mill have concluded a deal with Vietnam for April end-May shipments.
News ID: 4373 Publish Date : 2019/04/29
As per the recent data released by customs, Indian flat steel imports stood at 1.56 MnT in (Jan-Mar) Q1 CY’19 recording marginal increase of 3% in comparison to 1.52 MnT in Q4 CY’18.
News ID: 4372 Publish Date : 2019/04/29
This week Chinese steel prices witnessed significant increase in domestic market following hike in iron ore prices fueled by limited supply in global market.Also strong futures, improved domestic demand along with higher profit margins lead to uptrend in Chinese steel prices.
News ID: 4368 Publish Date : 2019/04/20