CFR

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SteelMint learned from industry participants that import trades for containerized scrap to South Asia have remained very limited on negative sentiments this week.
News ID: 4528    Publish Date : 2019/05/15

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

India pellet export market seems to be strengthening this week. SteelMint has learned from trade sources that Chinese mills have marginally raised its bids for Indian pellets to USD 121-122/MT CFR , China against last assessment at USD 117-119/MT, CFR China for Fe 63% grade pellet (0.5+/-) with 3% Al content.
News ID: 4517    Publish Date : 2019/05/14

In conversation with market participants, SteelMint learned that bulk scrap import prices to Bangladesh have come down considerably in recent bookings made.
News ID: 4513    Publish Date : 2019/05/14

China iron ore future edged up 4% today due to supply crisis from Vale over delay in resumption at Brucutu mines. Vale on Monday (6th May) was ordered by the Minas Gerais Court of Justice (Tribunal de Justiça do Estado de Minas Gerais - "TJMG") to hold production at its Brucutu mines.
News ID: 4512    Publish Date : 2019/05/14

Chinese HRC export offers inch up amid increase in domestic prices- Chinese HRC export offers moved up on weekly basis following uptrend in domestic prices.
News ID: 4505    Publish Date : 2019/05/14

Prevailing holidays in key countries like China, Japan and Vietnam, kept trades on lower side last week.
News ID: 4503    Publish Date : 2019/05/14

Global scrap prices exhibited downward movement on low demand this week. Turkey-based importers witnessed limited deals amid expectation of a further correction and subdued finish steel demand.
News ID: 4492    Publish Date : 2019/05/10

Global scrap prices showed mixed trends this week. Japanese scrap prices continued downtrend on weak demand with ongoing Golden week holidays. Indian market observed slow demand amid ongoing elections and competetive domestic price.
News ID: 4444    Publish Date : 2019/05/07

India pellet export market remains quiet this week. Indian pellet makers were heard offering Fe 64/63% pellets with 3% Alumina at USD 119-120/MT CFR China but no deals were reported.
News ID: 4436    Publish Date : 2019/05/06

In conversation with Bangladesh scrap importers & traders, SteelMint learned that mills are expected to turn active for scrap bookings ahead Ramadan holidays (which starts on 4th May). Mills are expected to begin with scrap restocking activities shortly.
News ID: 4424    Publish Date : 2019/05/06

As per vessel line up data maintained with SteelMint, a bulk scrap import vessel named 'Bao Resource' is expected to arrive at Kandla port on 27th Apr'19.
News ID: 4413    Publish Date : 2019/05/04

Global scrap prices showed mixed trends this week. Turkey scrap prices improved on increased demand for restocking ahead Ramadan. It is likely to keep prices supported but upside seems limited.
News ID: 4405    Publish Date : 2019/05/04

Vietnam’s domestic steel producer - Formosa Ha Tinh have recently announced revision in its steel prices today. The company have inched up its HRC offers by USD 5/MT for May end June shipments.
News ID: 4400    Publish Date : 2019/05/02

SteelMint in conversation with trade sources learned that Chinese mills have raised bids for low grade iron ore fines. Bids for low grade (Fe 57%) iron ore fines prices have picked up by around 12% W-o-W. The prices have dropped to around USD 56/MT, FoB India or equivalent to USD 66-67/MT, CFR China as against being USD 50/MT, FoB India last week.
News ID: 4379    Publish Date : 2019/04/29

Imported HRC offers to Vietnam remain stable in the beginning of this week amid ongoing public holidays in Vietnam. Vietnamese buyers are on holiday mood on the occasion of Hung Kings Commemoration.
News ID: 4378    Publish Date : 2019/04/29

Major global scrap markets observed price correction on weak demand globally. Turkish steel mills booked cargoes at lowered prices amid subdued steel demand. Japan's monthly Kanto tender for Apr'19 fetched bids lower by USD 15 against last month.
News ID: 4364    Publish Date : 2019/04/20

Imported HRC offers to Vietnam inched up this week following uptrend in export offers from China. On weekly basis imported HRC offer to Vietnam inch up by USD 5/MT from China.
News ID: 4347    Publish Date : 2019/04/12

Tata Steel Ltd has issued another RFQ (Request for Quotation) for procurement of 15,000 MT imported steel melting scrap for its newly acquired plant Bhushan Steel Limited recently, SteelMint learned from industry sources.
News ID: 4346    Publish Date : 2019/04/12

Demand for Indian pellets has witnessed improvement this week. Southern India based pellet maker - KIOCL has concluded pellet export deal recently.
News ID: 4329    Publish Date : 2019/04/11

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