HRC import prices to India have come down sharply in a recent deal concluded, SteelMint learned from its close sources. A major South Korean steelmaker has concluded a deal for 10,000 MT HRC (SAE 1006 re rolling grade) with an Indian importer (steel manufacturer) at USD 500-503/MT CFR India for April shipments. The import booking is likely to arrive at Kandla port. The import price is lower by USD 20-22/MT against the last booking reported by SteelMint at USD 525/MT, CFR India in Jan'20.
News ID: 8609 Publish Date : 2020/02/25
A central European steelmaker is planning to increase its offers by €5-10/t for April production, up from current sales into Germany of around €485/t on a delivered basis, citing tight supply and a lack of imports.
News ID: 8554 Publish Date : 2020/03/03
Chinese steel producers' profit margins fell sharply last month as the coronavirus outbreak stalled demand and disrupted feedstock supplies to lift costs.
News ID: 8533 Publish Date : 2020/03/02
China's steel inventory build slowed this week as mills and traders ran out of storage space, forcing output cuts and an increase in deliveries to customers.
News ID: 8515 Publish Date : 2020/02/27
It is common practice in the European hot-rolled coil market for mills and buyers to settle contracts against indices that publish once a month.
News ID: 8500 Publish Date : 2020/02/26
Italian hot-rolled coil ( HRC ) buyers exposed to Ilva are paying higher prices than some others, given uncertainty about the future of the plant.
News ID: 8330 Publish Date : 2020/01/24
The London Metal Exchange's (LME) Steel hot-rolled coil ( HRC ) fob China (Argus) futures has traded more than all of its other ferrous contracts combined this month.
News ID: 8315 Publish Date : 2020/01/23
India's domestic hot-rolled coil ( HRC ) prices increased this week as traders restocked.
News ID: 8288 Publish Date : 2020/01/10
Liberty Steel is cutting 355 jobs across its speciality division in South Yorkshire and hot-rolling mill in Newport, Wales.
News ID: 8260 Publish Date : 2020/01/09
There is a a growing expectation that northwest European coil mills will announce increases this month if import offers remain at their current high levels.
News ID: 8245 Publish Date : 2020/01/08
Indian steel mills have raised HRC export offers to Vietnam by USD 10-15/MT this week, SteelMint learned from market participants. After the hike, current HRC export offers from India is hovering around USD 510-515/MT CFR Vietnam for Feb'20 shipments.
News ID: 8217 Publish Date : 2019/12/30
Global HRC , CRC market continues to observe hike in export offers from countries like China, India. Following this import prices to Vietnam also witnessed increase.
News ID: 8187 Publish Date : 2019/12/31
Vietnam's imported HRC market has observed some trades towards end of this week. Chinese mill have heard to booked 30,000 MT HRC to Vietnam at USD 510/MT CFR Ho Chi Minh for Feb deliveries. China's Bengang Steel Plates Co. Ltd.(a subsidiary of Benxi Steel Group Corporation, incorporated as a joint-stock limited company engaged in the smelting of steel and the rolling and processing of steel plates).
News ID: 8140 Publish Date : 2019/12/27
Indian hot-rolled coil ( HRC ) prices rose this week on increased buying activity amid market talk about large mills planning a sharp price hike in the near term.
News ID: 8120 Publish Date : 2019/12/27
This week domestic HRC prices witnessed increase by around INR 500-1000/MT in traders market. SteelMint reported last week that major Indian steel mills are likely to announce hike of INR 1000-1500/MT (USD 14-21) in Jan '20.
News ID: 8106 Publish Date : 2019/12/24
India's exports of hot-rolled coil ( HRC ) rose by 231pc on the year to 533,000t in November.
News ID: 8090 Publish Date : 2019/12/24
China is likely to inject more money into its economy in the coming weeks, adding to other policies announced this week to shore up growth in 2020.
News ID: 8087 Publish Date : 2019/12/24
Plunging apparent demand, driven by slight slippage in real appetite from the automotive supply chain, and a sharp increase in imports over the first quarter provided a bleak backdrop for European producers this year.
News ID: 8085 Publish Date : 2019/12/24
Vietnam's domestic integrated steel maker Formosa Ha Tinh has today announced a hike in its hot-rolled product prices by USD 15/MT for Feb'20 deliveries.
News ID: 8042 Publish Date : 2019/12/13
In conversation with Vietnam based market participants, SteelMint learned that prominent HRC exporting nations keep their offers consistent against the previous week.
News ID: 8026 Publish Date : 2019/12/16