Shanghai rebar's price premium to coil has risen to its widest level in almost a year on the back of strong construction demand and weaker auto sales.
News ID: 7424 Publish Date : 2019/11/13
China's major steelmaker Baosteel released its monthly steel prices today. The company has kept its HRC , plain carbon CR coil, and HDGI prices unchanged for Dec deliveries.
News ID: 7419 Publish Date : 2019/11/11
Chinese finished steel exports fell by 10% to 4.782 MnT in Oct'19 as compared with 5.33 MnT in Sep' 19, recent custom data shows. Price competitiveness from Indian & Russian mills kept interest for Chinese steel products low.
News ID: 7414 Publish Date : 2019/11/08
Steel production of PT Krakatau Steel Tbk. broke its record for the highest hot rolled coil ( HRC ) production of 203,315.5 MT in Oct'19. Its previous record was the production of 200,411 MT.
News ID: 7406 Publish Date : 2019/11/07
Indian HRC export offers to Vietnam have moved up by USD 10/MT for positioned cargoes for Dec shipments, owing to higher bids from Vietnam buyers. Thus currently Indian HRC offers are at USD 440/MT CFR Vietnam.
News ID: 7404 Publish Date : 2019/11/07
Tata Steel, India reported two fold increase in export volumes to 0.64 MnT in Q2 FY20 against 0.31 MnT in previous quarter. The guidance for exports for this fiscal will be around 2.4 MnT. Although export realization was lower than domestic realization this quarter, but helped to clear inventories shared officials during conference call. Lower volumes to Automotive segment were compensated by higher exports. Other key highlights of concall were:
News ID: 7402 Publish Date : 2019/11/07
Indian mills reported to have increased HRC offers by upto INR 750/t ($10.5) for November deliveries. Market participants feel this hike is largely supported on optimism seen in export market rather than improvement in domestic demand. SteelMint analyse why Indian HRC prices are so influenced by export market these days.
News ID: 7373 Publish Date : 2019/11/02
SteelMint in conversation with market participants learned that Vietnam based end users have raised their bids for imported HRC following hike in offers. Current offers for positioned cargo of Indian HRC is assessed around USD 425-430/MT, CFR Vietnam.
News ID: 7349 Publish Date : 2019/11/05
SteelMint, in conversation with Vietnam based market participants, learned that HRC offers from major exporting nations witnessed an uptick by USD 10-15/MT for Nov-Dec shipments.
News ID: 7343 Publish Date : 2019/11/04
In conversation with market sources SteelMint heard that a major Indian steel manufacture has booked HRC for export to Vietnam for Nov-end Dec shipments. The deal concluded is for 50,000 MT of HRC (SAE 1006) at USD 422-425/MT CFR Vietnam.
News ID: 7337 Publish Date : 2019/11/01
More US flat-rolled steel producers pushed price increases of $40/st today after electric arc furnace (EAF) steelmaker Nucor and integrated steelmaker ArcelorMittal announced price hikes yesterday.
News ID: 7314 Publish Date : 2019/11/08
US steel service center Olympic Steel expects its fourth quarter shipments will fall lower than the prior year.
News ID: 7313 Publish Date : 2019/11/08
This week Chinese steel makers kept domestic steel prices largely stable over competitive offers in the overseas market. This week iron ore prices moved up towards the weekend. Coking coal offers remained largely stable. Nation’s HRC export offers witnessed a decline despite an uptick in domestic prices. However, rebar export offers remain range-bound.
News ID: 7107 Publish Date : 2019/10/26
Three additional US steelmakers raised sheet prices by $40/st over the last day, mirroring an initial increase by ArcelorMittal yesterday.
News ID: 7000 Publish Date : 2019/10/25
Bank of China subsidiary BOCI has completed its first trade on the LME's fob China hot-rolled coil ( HRC ) contract on behalf of a client.
News ID: 6999 Publish Date : 2019/10/25
Market participants are hopeful of upcoming Diwali festive season to boost demand and less chances of further decline in prices in near term.Further festive holidays will keep domestic HRC prices largely supported.
News ID: 6986 Publish Date : 2019/10/16
A Brexit-fuelled appreciation of sterling filtered into lower UK hot-rolled coil ( HRC ) prices this week.
News ID: 6955 Publish Date : 2019/10/24
Activity remains frozen in the northwest European hot-rolled coil ( HRC ) market, as buyers anticipate further price declines and destock accordingly ahead of the year-end.
News ID: 6954 Publish Date : 2019/10/24
Integrated steelmaker ArcelorMittal announced a $40/st price increase today for US flat-rolled products, the first price increase since July.
News ID: 6950 Publish Date : 2019/10/24
The chief executive of US steelmaker Steel Dynamics (SDI) said that fears of US steel oversupply following completion of new expansion projects are overblown.
News ID: 6945 Publish Date : 2019/10/24