Regulatory setbacks continue to plague European Metal Recycling's (EMR) newly opened deep-sea ferrous scrap export dock in Somerset, Massachusetts, with the company still unable to receive scrap shipments.
News ID: 7504 Publish Date : 2019/11/22
Indian HRC export offers to Vietnam have moved up by USD 10/MT for positioned cargoes for Dec shipments, owing to higher bids from Vietnam buyers. Thus currently Indian HRC offers are at USD 440/MT CFR Vietnam.
News ID: 7404 Publish Date : 2019/11/07
Brazilian iron ore producer Vale has revised lower its shipment forecasts for this year, indicating tighter supplies for the rest of 2019 that may support seaborne prices.
News ID: 7383 Publish Date : 2019/11/12
SteelMint, in conversation with Vietnam based market participants, learned that HRC offers from major exporting nations witnessed an uptick by USD 10-15/MT for Nov-Dec shipments.
News ID: 7343 Publish Date : 2019/11/04
Indian iron ore exports have recorded sharp increase in Oct’19. The exports were witnessed at 1.74 MnT, up 53% M-o-M as against Sep’19 exports at 1.14 MnT. On yearly basis, the exports have depicted a significant rise as compared to Oct’18 at 0.42 MnT.
News ID: 7342 Publish Date : 2019/11/04
In conversation with market sources SteelMint heard that a major Indian steel manufacture has booked HRC for export to Vietnam for Nov-end Dec shipments. The deal concluded is for 50,000 MT of HRC (SAE 1006) at USD 422-425/MT CFR Vietnam.
News ID: 7337 Publish Date : 2019/11/01
US steel service center Olympic Steel expects its fourth quarter shipments will fall lower than the prior year.
News ID: 7313 Publish Date : 2019/11/08
US rolled aluminum producer Arconic will idle its San Antonio, Texas, micromill by the end of 2019, the latest in a series of budget cutting measures by the global aluminum industry.
News ID: 7291 Publish Date : 2019/11/05
South African Carbonate Ore prices dipped by 65 cents/dmtu to USD 3.65/dmtu CIF India, December shipments. Prices have been falling down since the start of this month, but the fall is lower than expected as the prices are now two years low and further fall is still expected.
News ID: 7114 Publish Date : 2019/10/29
West India (Rajasthan) based pellet maker - Jindal SAW decreased pellet (Fe 63%) offers by INR 150/MT for the week. Current offers are at INR 7,900/MT (delivered Kandla) as against 8,050/MT (delivered Kandla) assessed last week. The pellet maker has booked an export shipment for Nov shipment and thereafter is also likely to take maintenance shutdown for a month's time. Jindal SAW runs a 1.5 MnT pellet plant in Bhilwara (Rajasthan).
News ID: 7113 Publish Date : 2019/10/29
This week global billet market witnessed limited trades. Billet export offers from all the major markets witness a rise amid increase in Turkey’s imported scrap prices.
News ID: 7110 Publish Date : 2019/10/26
Fortescue Metals Group - world's 4th largest iron ore producer, depicted fall in shipments in Q3 CY19 to 42.2 MnT. The shipments recorded a drop of 9% Q-o-Q as against 46.6 MnT in previous quarter. On yearly basis, shipment was marginally up compared to 40.2 MnT in same time frame last year.
News ID: 7090 Publish Date : 2019/10/24
Pittsburgh-based Allegheny Technologies (ATI) expects its volumes to increase in the first half of 2020, after customers delay shipments of jet engine materials and components in the fourth quarter.
News ID: 7061 Publish Date : 2019/11/01
This week Iranian billet export market reported trade active. A deal of quantity 40,000 MT billet was reported to conclude to SE Asia from the country. The deal was reported to have concluded at USD 347/MT, FoB Iran and the shipment is schedule for mid December.
News ID: 7052 Publish Date : 2019/10/23
Oversupply and low demand are pulling down the seaborne Manganese ore market. Major importers like China and India are postponing their shipments from South Africa as the alloy manufacturers hope the prices to fall further. With the dipping Manganese alloy prices, the producers are approaching to the cost line and the buying interest of steel manufacturers are tepid. In addition to this, the present inventory levels with the producers are restraining them from booking any more consignments.
News ID: 7049 Publish Date : 2019/10/22
Turkish imported scrap prices have continued to surge for another week with a couple of deep-sea bookings from Baltic origins being concluded at higher prices in the last few days, SteelMint learned from market participants. The Turkish market has been very active for scrap bookings since the last week even amid continuously rising offers from global suppliers over tight supply during winters.
News ID: 7047 Publish Date : 2019/10/22
US stainless steel producers' monthly alloy surcharges for austenitic grades of stainless steel flat-rolled products dropped narrowly for November shipments.
News ID: 6995 Publish Date : 2019/10/25
World's second largest iron ore miner- Rio Tinto's Pilbara iron ore production witnessed at 87.3 MnT for Q3 CY19, up 10% as against 79.7 MnT in Q2 CY19. On yearly premises miner depicted 6% increase in production when compared to Q3 CY18 output at 82.5 MnT.
News ID: 6990 Publish Date : 2019/10/16
Manganese Ore imports increased by more than double in Sep'19 M-o-M in line with the delayed shipments. Normally, it takes about two months to receive a shipment post confirmation of the orders.
News ID: 6985 Publish Date : 2019/10/16
Sweden-based steelmaker SSAB plans to idle one of the blast furnaces at its Raahe steelworks in Finland for 4-6 weeks from the end of November.
News ID: 6892 Publish Date : 2019/10/23
