According to latest data released by Chinese customs, nation’s finished steel exports in May’19 stood at 5.74 MnT, declined by 9% over 6.33 MnT in Apr’19.
News ID: 4810 Publish Date : 2019/06/11
This week imported HRC offers to Vietnam inched down further in line with continual decline in HRC export offers from China. Chinese HRC exports offers have reached to rock bottom due to significant fall in domestic prices.
News ID: 4808 Publish Date : 2019/06/11
According to provisional data released by Joint Plant Committee (JPC) Indian crude steel output stood at 9.24 MnT in May’19 inched up by 5% as compared to 8.78 MnT in previous month.
News ID: 4807 Publish Date : 2019/06/11
Indian Steel market remained on down trend during the Week-23 (1st to 8th Jun’19) as the prices dipped owing to lack of domestic & export inquiries. Meanwhile supply of across all products was healthier, while demand lessened in across region.
News ID: 4803 Publish Date : 2019/06/11
This week Chinese steel prices reported continual decline and witnessed significant fall amid pessimistic market sentiments and dull outlook prevailing in domestic market. Also volatile futures lead to further fall in steel prices in China.
News ID: 4801 Publish Date : 2019/06/11
This week domestic HRC prices remained steady on the backdrop of limited trade activities and lackluster demand prevailing in domestic market.
News ID: 4774 Publish Date : 2019/06/09
Chinese HRC export offers weigh down further over falling domestic prices- Chinese HRC export offers decline further this week owing to falling steel prices in domestic market.
News ID: 4761 Publish Date : 2019/06/07
This week imported HRC offers to Vietnam slumped further amid weakening HRC export offers from China. Chinese HRC export offers continued to remain on downside and hovering at USD 500/MT FoB China.
News ID: 4753 Publish Date : 2019/06/04
During the week-22 (25th May to 1st Jun'19), Indian domestic trade activities were subdued. The mid size mills reported mix response from the domestic buyers over uncertainty in the market. Meanwhile strong supply has push prices on downtrend.
News ID: 4747 Publish Date : 2019/06/04
Imported HRC offers to Vietnam reported further decline as end users in Vietnam are bidding on lower side. Thus disparity between bids and offers resulted to softening imported HRC offers to Vietnam for June -July shipments.
News ID: 4644 Publish Date : 2019/05/26
SteelMint in conversation with industry participants reported that Indian HRC export offers to Nepal reduced by USD 15/MT in recent deal concluded for June- July shipments.
News ID: 4642 Publish Date : 2019/05/26
This week Indian HRC trade prices continue to fall in few markets like Chennai, Ahmedabad and Hyderabad as demand failed to improve in domestic market. However in other regions like Mumbai , HRC prices have remained unchanged this week.
News ID: 4636 Publish Date : 2019/05/25
This week imported HRC offers to Vietnam inch down by USD 5/MT on weekly basis after lowering of offers from Chinese mills amid weakening of Yuan against USD
News ID: 4628 Publish Date : 2019/05/22
SteelMint in conversation with market participants learned that Indian HRC import prices from Japan reported decline by USD 15-20/MT in recent booking for July shipments.
News ID: 4622 Publish Date : 2019/05/22
Ongoing elections, rising inventory among traders, poor sales volumes, low liquidity along with dull demand continued to keep domestic HRC market under pressure.
News ID: 4547 Publish Date : 2019/05/16
South Korea’s HRC offers to Vietnam plunge in recent deal concluded- As per market sources based in Vietnam, South Korean based Hyundai steel has concluded HRC deal with Vietnam for June end shipments. As per an update, company booked around 20,000 MT of HRC with Vietnam based Hoasen for June end July shipments.
News ID: 4543 Publish Date : 2019/05/16
China’s major steelmaker Baosteel recently announced flat steel prices for June deliveries. The company has rolled over its flat steel prices for second consecutive month.
News ID: 4541 Publish Date : 2019/05/16
JSW Steel, India's largest private steel producer has released its monthly crude steel output results today for Apr’19. Company’s long steel, flat steel and crude steel output witnessed decline on monthly basis in Apr’19.
News ID: 4524 Publish Date : 2019/05/14
As per latest data released by Chinese customs, nation’s finished steel exports in Apr’19 stood at 6.33 MnT, unchanged as compared to previous month.
News ID: 4519 Publish Date : 2019/05/14
SteelMint in conversation with trade sources learned that, steel mills in Vietnam have recently booked imported HRC with China for June shipments.
News ID: 4518 Publish Date : 2019/05/14