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 shipment s 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 shipment s 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 shipment s 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 shipment s.
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 shipment s 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 shipment s 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 shipment s 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 shipment s, 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