As per the data recently released by Chinese Customs, the nation's finished steel exports witnessed a decline of 8% to 15.9 MnT in Q3 CY'19 which was 17.37 MnT in the previous quarter.
News ID: 6939 Publish Date : 2019/10/14
This week, imported HRC offers to Vietnam from China inch down further amid lower HRC offers from other exporting nations.Indian steel mills have put their offers on hold. Last offers from mills were reported at USD 430/MT, CFR Vietnam. However offers for positioned cargoes from India is heard around USD 420/MT CFR basis.
News ID: 6937 Publish Date : 2019/10/14
The premium for domestic cold-rolled coil (CRC) prices to hot-rolled coil ( HRC ) in China has been expanding since July, with HRC prices falling sharply and CRC prices holding stable.
News ID: 6894 Publish Date : 2019/10/23
South Korean hot rolled coil ( HRC ) exports to India dropped by over 41% in September 2019 to 85,084 tonnes (MT) from 144,273 MT in August.
News ID: 6858 Publish Date : 2019/10/12
Indian steel producers reduced their product inventories in August and September on the back of an acceleration in exports amid a domestic demand slump.
News ID: 6831 Publish Date : 2019/10/22
With the beginning of this week imported HRC offers to Vietnam reported a further decline from major exporting nations. Market sources based in Vietnam shared that buyers continue to eye for cheaper HRC offers. Although, Chinese steel mills are celebrating Golden Week holidays from 1st Oct to 7 Oct’19.
News ID: 6820 Publish Date : 2019/10/08
China's steel sector profitability remained sluggish in the peak sales month of October as a slowing economy and high output rates pressured product prices.
News ID: 6798 Publish Date : 2019/10/21
SteelMint in conversation with industry participants learned that major Indian steel manufacturers have kept HRC , CRC prices unchanged for the month of Oct’19 amid slow off take in domestic steel market. Also with the upcoming festive holidays this month domestic HRC prices will continue to remain under pressure in Oct’19.
News ID: 6794 Publish Date : 2019/10/05
According to bulk vessel line up data compiled with SteelMint, Bangladesh has observed an increase in bulk imports of ferrous scrap, HRC & coal. While pig iron & billet reported nil volume imported during the month.
News ID: 6708 Publish Date : 2019/10/04
Indian steel makers offering competitive HRC export offers to Vietnam- Amid flat buying and poor demand hovering in domestic market, Indian steel makers have resorted to ease off inventories to global market. Also low priced imports from Russian steel-makers to Vietnam pushed Indian HRC export offers on lower side.
News ID: 6699 Publish Date : 2019/10/03
US President Donald Trump raised tariffs on imported steel products from Turkey back to 50pc in a sudden move this afternoon in response to Turkey's military incursion into northern Syria.
News ID: 6666 Publish Date : 2019/10/14
Steelmaker NLMK USA's sales volumes fell in the third quarter on lower pipe and galvanized shipments.
News ID: 6659 Publish Date : 2019/10/15
Northwest European hot-rolled coil ( HRC ) prices lurched lower today as domestic mills chased tonnes and tried to prevent a repeat of the import penetration seen over the fourth quarter of last year.
News ID: 6587 Publish Date : 2019/10/09
Chinese export coil prices have held at a premium to delivered Asean prices since mid-August. China in the past has pulled Asean prices higher to flip back to a discount, but this time the market expects China will be pulled lower.
News ID: 6581 Publish Date : 2019/10/09
Chinese export coil prices have held at a premium to delivered export s since mid-August. China in the past has pulled Asean prices higher to flip back to a discount, but this time the market expects China will be pulled lower.
News ID: 6580 Publish Date : 2019/10/09
As per the recent conversation of industry participants with SteelMint, major steel manufacturer based in western India booked around 50,000 MT of HRC for export to Vietnam.
News ID: 6485 Publish Date : 2019/09/23
End users based in Vietnam continue eyeing for lower HRC import offers from Russia and India compared to China over competitive pricing, shared by market participants based in Vietnam.
News ID: 6473 Publish Date : 2019/09/20
Vietnam’s domestic steel producer - Formosa Ha Tinh has announced a steep cut of around USD 51/MT in its offers for Nov shipments.
News ID: 6469 Publish Date : 2019/09/13
Mounting inventories and falling domestic demand are forcing Indian mills to remain active in exports market.In recent trade activities, Indian steel mills heard to have concluded around 100,000 MT HRC export deals for Oct shipments to Vietnam, SteelMint learnt from market participants.
News ID: 6467 Publish Date : 2019/09/13
JSW Steel, India's largest private steel producer has released its monthly crude steel output results today for Aug'19. The company witnessed a slump in overall steel production in Aug’19.
News ID: 6454 Publish Date : 2019/09/11