SteelMint learned from industry participants that Turkish steel mills have taken a pause from buying activities after observing successive falling in scrap prices since the past couple of weeks.
News ID: 4872 Publish Date : 2019/06/23
Since the second quarter, the domestic prices of chrome ore and Ferro Chrome have been in a free-fall, reflected by the downward price adjustment and tepid transactions. The insiders from the whole chain of chrome industry incline to be conservative towards the short-term market of chrome, and their market participation is passive.
News ID: 4865 Publish Date : 2019/06/23
SteelMint learned from industry participants that Turkish steel mills have continued fresh deep sea cargo bookings to take advantage of low global offers. Prices have moved down further by USD 5-6/MT against that of reported in the beginning of this week.
News ID: 4822 Publish Date : 2019/06/15
SteelMint learned in recent conversations with industry participants that Pakistan’s government has declared its fiscal year 2020 budget yesterday.
News ID: 4813 Publish Date : 2019/06/14
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
South Africa’s struggling gold industry has suffered yet another humiliation, losing its status as continental leader to Ghana.
News ID: 4795 Publish Date : 2019/06/10
A type of fungi that looks like a thread could offer clues for finding new gold deposits.
News ID: 4736 Publish Date : 2019/06/03
Iranian Minister of Industry, Mine and Trade Reza Rahmani underlined the country's intention to increase exports to the neighboring states, specially Afghanistan.
News ID: 4731 Publish Date : 2019/06/02
Russia`s cast production ranks at about 4.25 million t p.a. (2017) ranks 6th worldwide after China, India, USA, Japan and Germany and thus accounts for about 4% of world production.
News ID: 4695 Publish Date : 2019/05/31
The new International Maritime Organization (IMO) 2020 regulations are expected to have some tangible effect on the steel industry . Primarily, increasing freight rates for raw materials such as iron ore and coal as ship owners and operators pass on higher bunker costs.
News ID: 4688 Publish Date : 2019/05/31
Iranian Deputy Minister of Industry, Mine and Trade Mohsen Salehinia said that the president of Italian Parts Manufacturers’ Association and chairman of Autopromatec Exhibition have voiced readiness to enhance cooperation with Iranian automobile parts manufacturers.
News ID: 4666 Publish Date : 2019/05/28
Ukrainian Ambassador to Tehran Sergei Burdyliak said that his country is after expanding commercial relations with Iran, tabling Kiev’s proposal for establishment of a joint trading house.
News ID: 4665 Publish Date : 2019/05/28
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
SteelMint learned in recent conversations with industry participants that Pakistan’s steel market has turned uncertain after its currency hit record low levels.
News ID: 4624 Publish Date : 2019/05/22
It seems that the Graphite electrodes shortage that has cropped up in China in the latter of 2017 amid closure of polluting GE units seems to settle out as considerable surge have been recorded in country’s electrodes production as well as exports for the first quarter of 2019.
News ID: 4621 Publish Date : 2019/05/22
SteelMint learned from industry participants that containerized scrap trades to South Asia remained limited on account of low demand and to have more clarity after the recent price hike in the global market.
News ID: 4576 Publish Date : 2019/05/19
SteelMint learned in recent conversations with industry participants that imported scrap offers in containers to Pakistan have dropped to 4-month low amid global price correction observed during the closing of last week.
News ID: 4545 Publish Date : 2019/05/16
SteelMint learned from industry participants that Turkish steel mills have recently concluded more deals at further corrected prices. Steel mills seem to have actively booked deep sea cargoes comprising around 150,000 MT scrap as they achieved desired offer levels from suppliers.
News ID: 4540 Publish Date : 2019/05/16
SteelMint learned from industry participants that steel mills in South Asia, especially in Bangladesh and India, have turned active for bulk scrap cargo bookings.
News ID: 4485 Publish Date : 2019/05/10
Thailand Finish long imports:- Thailand finish long imports registered at 0.23 MnT Q1 CY19 which is down by 8% against 0.25 MnT in Q4 CY18. Whereas on monthly & yearly proportionate it has moved up slightly by 14.28% to 0.08 MnT in Mar’19 against 0.07 MnT in Feb’19 as well as Mar’18.
News ID: 4475 Publish Date : 2019/05/09