CFR

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SteelMint in conversation with market participants learned that Indian HRC import offers from Korea reported decline by around USD 10/MT for July- August shipments.
News ID: 4821    Publish Date : 2019/06/15

Iranian billet export market sentiments softened this week after the market resumed from Eid holidays. As expected, this week market sentiments were reported barely weak, the recent billet export offers says all
News ID: 4819    Publish Date : 2019/06/15

In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have weakened on account of further softening of prices at the global level.
News ID: 4812    Publish Date : 2019/06/14

SteelMint learned from industry participants that Turkish steel mills have observed fresh deals as US suppliers returned into the market after short pause towards the closing last week. Activities remained very limited on public Eid holidays during last week while imported scrap prices moved down USD 5-6/MT on W-o-W basis as global sentiments remained dull.
News ID: 4811    Publish Date : 2019/06/11

According to General Administration of Customs, China - the world's largest iron ore consumer and importer, recorded 4% rise in iron ore imports to 83.75 MnT in May'19 against hitting 18 months low in Apr'19 at 80.77 MnT.
News ID: 4809    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

This week global billet market remained silent amid Eid holidays. Even the post festivity is not expected to defeat the weak billet export market sentiments, amid weakening global scrap prices. Imported scrap prices in Turkey have inched down in absence of trades. SteelMint’s assessment for US origin HMS (80:20) is at USD 300/MT, CFR towards weekend.
News ID: 4800    Publish Date : 2019/06/11

Due to festivity of Eid across the globe, the Iranian billet export market was reported dull sentiments this week. However, in recent, one of the leading billet producer of the country offered 30,000 MT billets at USD 390/MT FoB. The shipment is scheduled for end Jun’19.
News ID: 4778    Publish Date : 2019/06/09

Eastern India based pellet maker has concluded an export deal for around 50,000 MT for regular grade pellets (Fe 64%, containing 3% alumina) for June loading. According to the sources, the deal has been concluded at around USD 123-124/MT, CFR China.
News ID: 4772    Publish Date : 2019/06/07

Billet export offers from CIS nations weakened following drop in scrap prices. Turkey’s scrap import prices witnessed a decline this week; a drop of USD 8-10 is reported against last week. SteelMint’s assessment for US origin HMS (80:20) stands at USD 304/MT, CFR Turkey, lower by around USD 8- 10 against last week. This drop is weakening the billet trade sentiments across the globe.
News ID: 4751    Publish Date : 2019/06/04

This week Chinese steel prices witness pessimistic market sentiments over increased supply and weakening prices in domestic market. However spot iron ore prices reported decline by the end of this week.
News ID: 4746    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

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

According to the market participants reported to SteelMint, Durgapur pellet prices have increased further in recent trades concluded today. In Durgapur (Eastern India) prices hike by around INR 500-600/MT D-o-D. SteelMint’s reference pellet price assessment stands at INR 6,900/MT against INR 6,300-6,600/MT /MT yesterday.
News ID: 4634    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

Global scrap prices witnessed mixed trends this week. Prices continued downtrend following low demand in most of the markets except, Turkey. Following lowering of tariffs from earlier 50% to 25% on Turkey steel products by the US government, recovery in global scrap prices is expected in the upcoming days.
News ID: 4591    Publish Date : 2019/05/20

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

Southern India based pellet maker - KIOCL has concluded pellet export deal recently via tender floated. The company had floated export tender offering 50,000 MT pellet consisting of Fe 64% content with less than 2% Al for which the bid due date was 14 May’19.
News ID: 4553    Publish Date : 2019/05/16

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

Global scrap prices witnessed an overall downward trend this week. Turkey-based importers turned active towards week close pulling prices down.
News ID: 4538    Publish Date : 2019/05/16

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