Indian steel mills cheer on active demand from global market, SteelMint learned from market participants. Most of the large mills making billets from BF route are booked for Jan/Feb shipments.
News ID: 8031 Publish Date : 2019/12/14
SteelMint learnt in recent conversations with market participants that Pakistan based steel mills have raised rebar offers this week by around PKR 1000/MT (USD 6) following hike in imported scrap prices. The imported scrap offers to Pakistan has continued to inch up over the last week following the rising global trend in recent bookings to Turkey. However, buying activities have been quite slow at high offers with few low quantity bookings getting concluded to maintain inventories. The domestic market is still facing slow demand on issues like cash flow and delayed projects.
News ID: 7048 Publish Date : 2019/10/22
Mounting inventories and falling domestic demand are forcing Indian mills to remain active in exports market.In recent trade activities, Indian steel mills heard to have concluded around 100,000 MT HRC export deals for Oct shipments to Vietnam, SteelMint learnt from market participants.
News ID: 6467 Publish Date : 2019/09/13
Indian major steel manufacturers have kept HRC, CRC prices unchanged for the month of Sep’19, SteelMint learned in conversation with industry participants. Owing to prolonged weakness prevailing in domestic demand & increasing inventories, Indian steel mill have also announced rebates over tepid demand and increased inventories in domestic market.
News ID: 6384 Publish Date : 2019/09/05
This week domestic HRC prices remained stable over slow growth in demand and mute buying prevailing in domestic market.However in the beginning of the week major steel mills announced roll over in flat steel prices for August deliveries. Prices were observed stable in majority of markets except few markets like Faridabad and Bangalore were a price reduction of INR 500/MT was seen.
News ID: 5929 Publish Date : 2019/08/15
SteelMint learned from industry participants that Turkish imported scrap market has resumed scrap booking at corrected prices after almost a week's pause. Weak finish steel sales continue to put pressure on sentiments despite rise in domestic scrap prices in the central and Midwest region in US.
News ID: 5927 Publish Date : 2019/08/15
SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan have softened on account of slow buying activity in the country, as well as silence being observed in the global scrap market. Slow domestic demand due to upcoming Eid holidays and recent FBR enforcements have kept the trades limited. Participants eye further marginal correction in prices as traders have come under pressure.
News ID: 5858 Publish Date : 2019/08/08
In conversation with trade sources based in Nepal, SteelMint learned that major Indian steel mills are actively offering HRC exports to Nepal for Aug- Sep shipments. However Indian HRC export offers to Nepal reported marginal fall by USD 5/MT in recent deals concluded.
News ID: 5828 Publish Date : 2019/08/07
Indian Silico Manganese prices were marginally down on W-o-W basis. Demand in the domestic market remained sluggish. Meanwhile, the demand in the global market is also towards a downtrend. With the reduced prices of Manganese Ore globally, buyers are putting the sellers under pressure to reduce prices.
News ID: 4853 Publish Date : 2019/06/20
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
In conversation with industry participants, SteelMint learned that major Indian steel manufacturers have rolled over HRC & CRC prices for May deliveries.
News ID: 4470 Publish Date : 2019/05/09
According to vessel line up data maintained with SteelMint, vessel named “Magnum Force” carrying 53,860 MT pellets from Iran is expected to arrive at Kandla port shortly. Since the data maintained with SteelMint, it’s for the first time that India is importing pellets from Iran.
News ID: 4410 Publish Date : 2019/05/04
Ferro Chrome prices fell again this week due to thin buying interest from Stainless Steel mills. Producers are reluctant to buy Ferro Chrome at higher prices and are asking for much lower prices.
News ID: 4384 Publish Date : 2019/04/29
India's major mills that are producing steel through the blast furnace route have raised their finished long steel prices by around INR 500-1,000/MT (USD 7-14) across regions.
News ID: 4248 Publish Date : 2019/04/08
SteelMint learned from industry participants that imported scrap market in Bangladesh has observed two bulk scrap vessels booked last week.
News ID: 4159 Publish Date : 2019/03/29
As per the recent update received, Indian HRC importers booked around 35,000 MT of HRC from Japan for April shipments via two deals concluded almost 10-days back.
News ID: 4116 Publish Date : 2019/03/22
Indian (low Alumina) pellet export tender heard to have received highest bid at USD 115-117/MT FOB India, which is equivalent to USD 127/MT CFR China
News ID: 3889 Publish Date : 2019/03/08
In line with SteelMint previous report on Indian steel mills planning to raise HRC export offers by USD 10-20/MT. A major private steelmaker based in eastern India has concluded HRC export deal of around 1 rake for Feb end or early march shipment. In another deal concluded recently by a mill, the deal price for 2 rakes of HRC export to Nepal was assessed around similar levels.
News ID: 3858 Publish Date : 2019/03/06
SteelMint learned from industry participants that Turkey based steel mills have continued scrap purchases amid positive trend.
News ID: 3828 Publish Date : 2019/03/04
According to latest reports, today China’s industry ministry said that it would remove 11 steel firms from a list of qualified enterprises, effectively banning them from operating, and ordered another 17 to rectify environmental, safety and other breaches or face the same fate.
News ID: 3023 Publish Date : 2018/12/21