Vietnam imported scrap offers up USD 5-10/MT W-o-W: Offers for imported scrap to Vietnam have observed a slight increase this week on account of ongoing strengthening in the Japanese scrap market as well as the recent surge witnessed in fresh trades to Turkey.
News ID: 8024 Publish Date : 2019/12/16
Towards the end of this week imported HRC offers to Vietnam inched up further on the back of hike in offers. However deals at increased offers were not yet reported.
News ID: 5037 Publish Date : 2019/07/06
Amid increase in spot iron ore fines index and good demand, Indian pellet export prices have moved up against last week.
News ID: 5011 Publish Date : 2019/07/04
In the beginning of this week imported HRC offers to Vietnam remain stable since buyers have booked few quantities last week in order replenish the stocks in anticipation of further surge in steel prices from major exporting nations.
News ID: 5008 Publish Date : 2019/07/03
As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has further lowered its domestic H2 scrap purchase price by JPY 500/MT (USD 5) today. Amid extremely weakened sentiments in the domestic market, Japanese scrap prices have been in free-fall mode since last few weeks, with this being the 2nd price cut by the company in 3 days
News ID: 4973 Publish Date : 2019/07/01
Major Indian steel manufacturers have booked around 50,000 MT HRC for exports to Vietnam over rising export prices and sluggish sales prevailing in domestic market.
News ID: 4969 Publish Date : 2019/07/01
In conversation with market participants, SteelMint learned that Bangladesh has continued to observe downslide in imported scrap prices since past few weeks. Prices inched down further on weekly basis while decent trades were reported this week.
News ID: 4966 Publish Date : 2019/07/01
Chinese HRC export offers lift over gains in domestic market- This week Chinese HRC export offers moved up by USD 10-15/MT after witnessing continual decline since last few weeks owing to pessimistic sentiments prevailing in domestic market.
News ID: 4958 Publish Date : 2019/07/01
SteelMint learned from market sources that major Indian steel mills have raised HRC export offers for Vietnam by USD 5-10/MT looking at rebounding in demand in overseas market.
News ID: 4957 Publish Date : 2019/07/01
The global billet market is struggling to recover from the aura of sluggish sentiments. This week CIS billet assessment weakened by USD 10-15/MT amid fall Turkey's scrap import prices which lowered by USD 15/MT W-o-W. SteelMint’s assessment for US origin HMS (80:20) scrap to Turkey is USD 279/MT, CFR against USD 293/MT, CFR a week back.
News ID: 4895 Publish Date : 2019/06/24
Global ferrous scrap markets continued to witness downtrend in almost all the major markets with most of the buyers following a cautious approach. Sharp drop in Turkey scrap import prices kept offers in South Asian and South East Asian markets under pressure.
News ID: 4892 Publish Date : 2019/06/24
Central India based pellet maker - Godawari Power & Ispat has recently concluded pellet export deal to China, SteelMint learned. Deal for 50,000 MT iron ore pellets (Fe 64%, less than 2% Al) has been concluded at around USD 133-134/MT, CFR China (equivalent to USD 123-124/MT, FoB India). The cargo is likely to be shipped in Jul'19.
News ID: 4890 Publish Date : 2019/06/24
Domestic HRC prices in traders market have come down by INR 500-1000/MT (USD 7-14) against last week and are hovering at almost 4-months low.
News ID: 4870 Publish Date : 2019/06/23
According to National Bureau of Statistics, China - world's largest consumer and importer of iron ore has witnessed rise in crude iron ore production for May'19. The production in May'19 recorded at 70.8 MnT, up 3% against 68.5 MnT in Apr'19.
News ID: 4860 Publish Date : 2019/06/20
Indian HRC import prices from Japan decline in recent bookings concluded- SteelMint recently learned from market sources that Indian based stockist have booked 20,000 MT of HRC with major steel company based in Japan at around USD 525/MT CFR basis for July shipments.
News ID: 4858 Publish Date : 2019/06/20
Indian HRC import prices from Japan decline in recent bookings concluded- SteelMint recently learned from market sources that Indian based stockist have booked 20,000 MT of HRC with major steel company based in Japan at around USD 525/MT CFR basis for July shipments.
News ID: 4857 Publish Date : 2019/06/20
Sharp currency depreciation has resulted in a sharp hike in domestic steel prices. However, following the global downturn, imported scrap prices in Pakistan are hovering at around 5-6 months low.
News ID: 4856 Publish Date : 2019/06/20
Global ferrous scrap markets witnessed downtrend in all the major markets amid limited demand this week. Further price correction in Turkey pulled down global ferrous scrap offers also for South Asian and East Asian markets.
News ID: 4834 Publish Date : 2019/06/18
This was another dull week for global billet market. This week, market was observed exactly in the similar tone with the expectations. The dullness intensity of the global billet market escalated this week, even the Eid festivity did not brought any boon to the market.
News ID: 4832 Publish Date : 2019/06/16
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