This week SteelMint heard from its trade sources that domestic HRC prices slumped further by INR 500-1000/MT in traders market post announcement of roll over in flat steel prices by major steelmakers in month of Sep’19.
News ID: 6448 Publish Date : 2019/09/11
As per the latest data released by Chinese customs, the nation’s finished steel exports stood at 5.006 MnT in Aug’19, lower by 10% in comparison to 5.57 MnT in Jul’19.
News ID: 6438 Publish Date : 2019/09/09
As per the market sources, Chinese steel makers have scaled back their operations for the ongoing month of September due to scrap shortage, high costs and lower steel prices that have kept the manufacturers on the verge of losses.Chinese steel producers have increased scrap input in the BOF to meet stringent pollutant emissions standards.
News ID: 6436 Publish Date : 2019/09/09
This week Chinese steel market exhibited mixed sentiments as domestic prices gained momentum and on the other hand, export offers slide down further over slowdown in global prices. Despite upside in domestic prices buying activities continue to remain thin both in domestic and overseas market.
News ID: 6417 Publish Date : 2019/09/07
Imported HRC offers to Bangladesh have come down further this week by USD 10-20/MT.
News ID: 6410 Publish Date : 2019/09/06
Indian major steel manufacturers have kept HRC , CRC prices unchanged for the month of Sep’19, SteelMint learned in conversation with industry participants. Owing to prolonged weakness prevailing in domestic demand & increasing inventories, Indian steel mill have also announced rebates over tepid demand and increased inventories in domestic market.
News ID: 6384 Publish Date : 2019/09/05
Chinese HRC export offers slide further over thin trades- This week Chinese HRC exports offers move down slightly over subdued trades. Meanwhile overseas buyers continue to bid on lower side in order to procure material at cheaper prices.
News ID: 6359 Publish Date : 2019/09/03
Towards the end of this week imported HRC offers to Vietnam witness further slump on the back of continual drop in HRC export offers from China. Thus buyers based in Vietnam are eyeing for lower HRC offers from China and thus continue to keep bidding on lower side.
News ID: 6206 Publish Date : 2019/08/28
Indian HRC prices continue to remain on lower side over monotonous demand and mute buying prevailing in domestic market. This week domestic HRC prices registered decline in few markets like Ahmedabad and Bangalore by around INR 750-1000/MT. As per market reports, few major Indian steel mills are taking up production cuts owing to slowdown in domestic sales & inventory pile up.
News ID: 6178 Publish Date : 2019/08/26
Chinese HRC export offers in free fall- Chinese HRC exports offers continue to show downtrend both in domestic and overseas market over volatile futures and weak demand from overseas buyers.
News ID: 6155 Publish Date : 2019/08/25
The northwest European hot-rolled coil ( HRC ) market came under more pressure today, despite ArcelorMittal's announced price increase, as a German seller offered at aggressive levels to move tonnes ahead of the end of its financial year.
News ID: 6117 Publish Date : 2019/08/22
Luxembourg-based steelmaker ArcelorMittal is implementing a price increase of €30/t across Europe, pinning its hot-rolled coils ( HRC s) offer at €510/t ex-works in Germany and €490/t ex-works in Italy, effective for October deliveries.
News ID: 6083 Publish Date : 2019/08/22
Market participants' expectations that European mills would attempt yet another price increase for the fourth quarter were finally met today with an announcement by ArcelorMittal of a €30/t hike.
News ID: 6079 Publish Date : 2019/08/21
In the beginning of this week Chinese steel prices slump further amid bearish market sentiments both in domestic and overseas markets. However towards the end of this week steel prices in domestic market moved up marginally over volatile futures.
News ID: 6048 Publish Date : 2019/08/19
As per data released by National Bureau of Statistics (NBS) China’s crude steel output reduces by 3% on monthly basis to 85.22 MnT in Jul’19 in comparison with 87.53 MnT in Jun’19.
News ID: 6035 Publish Date : 2019/08/18
Higher inventory levels along with tepid demand over inactive trades lead to continual decline in HRC prices in domestic market.
News ID: 6032 Publish Date : 2019/08/18
In the beginning of this week imported HRC offers to Vietnam reported decline as buyers are expecting further downside in prices over volatility in Chinese prices and lower export offers from India amid weakening domestic prices.
News ID: 6006 Publish Date : 2019/08/17
China’s major steelmaker - Baosteel has announced increase in its steel prices for September deliveries. The company has increased its steel prices by RMB 50-150/MT (USD 7-12/MT) in its Baoshan, Meishan and Dongshan base for Sep deliveries.
News ID: 6002 Publish Date : 2019/08/17
JSW Steel, India's largest private steel producer has released its monthly crude steel output results today for Jul'19. The company reported decline in its production numbers over dull demand and low buying prevailing in domestic market.
News ID: 5978 Publish Date : 2019/08/16
Trade sources based in Vietnam shared that few deals of positioned cargoes of major Indian steel mills were reported for Vietnam for Aug -Sep shipments.
News ID: 5968 Publish Date : 2019/08/16