Indian Silico Manganese producers have been under continuous selling pressure for quite some time now, and the sinking Manganese Ore prices are now an added pressure on the Silico Manganese prices. The falling ore prices are having a cascading effect on the market as the imported material will not arrive before December, yet the pressure is building up on Silico Manganese Prices
News ID: 7301 Publish Date : 2019/10/31
The global billet market sentiments are getting weaken with every passing day. Sharp drop in the offers of two billet export majors’; CIS nation and Iran, was witnessed this week. The current billet export offers from the two are USD 355-360/MT, FoB. Although, no deals were reported at this offer. However, last deal was reported to MENA region from CIS nations at around USD 365/MT, FoB, Black Sea.
News ID: 6451 Publish Date : 2019/09/11
Ferro Silicon prices moved down in Bhutan despite improving demand. Producers are cutting down prices to entice buyers. However, the demand remains scattered, a few producers are enjoying good demand whereas others are reducing prices and hence, the overall prices are getting affected. Producers in Bhutan were undercutting prices since last week and now the producers have reduced their offer prices as they are facing a cash crunch in the month-end. Many producers are low in inventory.
News ID: 6285 Publish Date : 2019/09/03
This week global billet market remained sluggish. The market is under pressure from trade war between China and the US.
News ID: 5996 Publish Date : 2019/08/17
After observing deals in past few weeks, this week left the Iranian billet market sentiments softened. SteelMint’s current Iran’s billet export assessment stands at USD 385-390/MT, FoB, down by USD 5/MT against last week’s assessment of USD 390-395/MT, FoB.
News ID: 5976 Publish Date : 2019/08/16
Seaborne metallurgical coal prices continue plunging due to persistent weakness in the FOB market, as producers keep reducing offers in a desperate attempt to attract buying interest.
News ID: 5728 Publish Date : 2019/08/05
Iranian billet export market sentiments remained supported this week on the back of supply tightness.
News ID: 5516 Publish Date : 2019/07/28
SteelMint in conversation with market participants learned that Raipur (central India) based pellet manufacturers have increased their offers today by INR 200/MT. Current offers for Fe 63% grade to INR 7,000/MT (ex-Raipur, GST extra) as against last assessment at INR 6,800/MT.
News ID: 5242 Publish Date : 2019/07/17
Chinese HRC export offers soften - Chinese HRC export offers edged down this week by USD 5-10/MT owing to thin trades happening in export market. Overseas buyers are bidding on lower side and are reluctant to book material at higher prices with the anticipation of further decline in prices.
News ID: 5121 Publish Date : 2019/07/11
Rashtriya Ispat Nigam Limited (RINL)- the state-owned steel maker under the Ministry of Steel, had floated an ocean billet export tender on 27 Jun’19 of quantity 50,000 MT. for sizes; 65*65, 77*77, 90*90 and 150*150 mm.
News ID: 5082 Publish Date : 2019/07/09
SteelMint recently learned from industry participants that major Indian steel mills have increased HRC export offers for Vietnam in recent deals concluded by USD 7-10/MT for July-Aug shipments.
News ID: 5015 Publish Date : 2019/07/04
Rashtriya Ispat Nigam Limited (RINL)- the state owned steel maker under the Ministry of Steel, has invited a tender for export of 30,000 MT Billets and 20,000 MT Bloom.
News ID: 4972 Publish Date : 2019/07/01
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
This week Chinese steel market witnessed decline in domestic steel prices over volatile futures. However nation’s export offers continued to remain subdued owing to softening demand in global market.
News ID: 4836 Publish Date : 2019/06/18
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 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
Iranian billet export offers reported majorly stable this week. According to SteelMint’s assessment, due to increase in Turkey’s scrap import prices last week, the Iran billet offers increased to USD 400/MT, FoB mark. Also, the boosted trade sentiments in CIS nations had set up the high price trade expectations for billet producers in Iran but no deal was reported at this price.
News ID: 4701 Publish Date : 2019/05/31
Southern India based pellet maker - KIOCL has concluded pellet export deal today via tender floated yesterday on 30th May’19. The company had floated export tender offering 50,000 MT pellet consisting of Fe 64% content with less than 2% Al. As per the sources, the deal was concluded at around USD 119/MT, FoB India.
News ID: 4697 Publish Date : 2019/05/31
Billet export offers from CIS nations gain softness: Ramadan holidays have increased the dullness intensity of trades from CIS nations.
News ID: 4597 Publish Date : 2019/05/20
Indian Ferro Manganese prices remained unchanged from the previous week in both domestic as well as export market. Domestic market is still highly affected by the Malaysian imports
News ID: 4578 Publish Date : 2019/05/19