Aluminium ingots inventories in South China’s Guangdong province stood at 243,400 tonnes, as of April 30, down 191,400 tonnes or 44 per cent from a month earlier. Record-high shipments from warehouses and strong consumption amid low arrivals of stocks were the two primary reasons behind the dip in inventories.
News ID: 9359 Publish Date : 2020/05/07
Indian coking coal imports moving through 12 key state-controlled ports rose slightly from a year earlier during April 2019 to March 2020, as restocking initially accelerated but tapered off amid port closures as the Covid-19 outbreak worsened in India and lockdowns were imposed.
News ID: 9266 Publish Date : 2020/04/29
Vietnam-based Formosa Ha Tinh Steel abandoned its monthly price list for June steel shipments last week after an 18pc drop in spot markets and will instead negotiate on a case by case basis. Market participants see this as a possible first step toward indexation.
News ID: 9252 Publish Date : 2020/04/28
Fortescue Metals Group - world's 4th largest iron ore producer has decreased discount on low-grade ore for Mar' 20. SteelMint has learned from the market participants that FMG has lowered discount of SSF low-grade fines (Fe 56.7%) from 18% in Feb’20 to 16% for Mar'20 deliveries.
News ID: 9003 Publish Date : 2020/02/21
ArcelorMittal has idled blast furnace 3 at its Bremen site, which was only restarted in January after extended repairs, the company said.
News ID: 8800 Publish Date : 2020/03/20
Indian iron ore exports in Feb'20 were recorded at 2.05 MnT in Feb'20, according to data maintained with SteelMint. The exports witnessed decrease of 28% on monthly basis as against Jan’20 exports at 2.85 MnT.
News ID: 8623 Publish Date : 2020/03/05
Iran has managed to indigenize production of a vast portion of oil and gas industry equipment which has led to saving more than $7 billion in the past 5 years when sanctions had made it difficult for the country to import needed machinery for its energy sector, Khatam-al Anbiya Construction Headquarters said.
News ID: 8601 Publish Date : 2020/03/07
India's iron ore pellet exports in 2019 increased by around 53pc on the back of robust demand from China.
News ID: 8559 Publish Date : 2020/03/03
The impact of the coronavirus outbreak has begun eating into demand for steel materials from Japanese car manufacturers, adding further pressure on Japan's falling steel output.
News ID: 8522 Publish Date : 2020/02/28
Heavy rains have delayed coking coal shipments on the Blackwater rail transport corridor in Queensland this morning, the second time this month that rains have disrupted services on the Blackwater line.
News ID: 8518 Publish Date : 2020/02/27
Australian lithium producer Galaxy Resources achieved the upper end of its output guidance for October-December and full-year 2019.
News ID: 8267 Publish Date : 2020/01/09
Indian steel mills have raised HRC export offers to Vietnam by USD 10-15/MT this week, SteelMint learned from market participants. After the hike, current HRC export offers from India is hovering around USD 510-515/MT CFR Vietnam for Feb'20 shipments.
News ID: 8217 Publish Date : 2019/12/30
Jindal Steel & Power Ltd - one of India's major steelmaker announced quarterly output results today for Q3 FY'20. Export shipments increased to more than 3 Lakh MT an increase of 213% (Y-o-Y) during Q3 FY'20.
News ID: 8212 Publish Date : 2020/01/02
Australia - world's largest iron ore exporter has recorded rise in iron ore shipment for Nov’19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 71.90 MnT in Nov'19, up 5% as compared to 68.33 MnT in Oct’19.
News ID: 8027 Publish Date : 2019/12/16
Poor spot demand in Europe, where several mills have been rolling over fourth quarter term shipments to the first quarter of next year, and high stock levels at US mines continue to put downward pressure on prices.
News ID: 8009 Publish Date : 2019/12/18
Australian iron ore mining company BHP has widened January-March discounts for some of its iron ore fines in response to a shift to higher-Fe ores at steelmakers.
News ID: 8002 Publish Date : 2019/12/18
Turkish steelmakers have maintained real term spreads between scrap purchases and rebar sales at around $170/t throughout November and December, despite the spread between current scrap and rebar prices dropping to below $150/t this week.
News ID: 7805 Publish Date : 2019/12/06
Indian pig iron export market has regained momentum on active buying from China. Two deals (55,000 MT combined) being concluded recently, SteelMint learnt from market participants.
News ID: 7609 Publish Date : 2019/11/16
China's coking coal imports fell further in October as tightened import restrictions on Australian coking coal discouraged such shipments, even as prices remained relatively lower.
News ID: 7573 Publish Date : 2019/11/27
State-owned PetroPeru will start first-ever monthly spot crude sales early next year as its main refinery closes for a long-delayed expansion project.
News ID: 7553 Publish Date : 2019/11/25
