Imported scrap Offers to Pakistan have plummeted over the last week, following a downturn at global levels as well as low bids and general disinterest from the buyers' side. This week, the buying activates remained the slowest among the last 4-5 weeks, although few odd bookings were concluded. Sudden currency depreciation also remained a concern.
News ID: 8812 Publish Date : 2020/03/17
Iran failed to comply with international anti-terrorism funding norms following which the the country got black listed by the Financial Action Task Force (FATF) last week on 21 Feb’20.
News ID: 8607 Publish Date : 2020/02/25
Imported scrap offers to Pakistan inched up marginally this week by upto USD 5/MT W-o-W. Following global uptrend, offers to Pakistan have increased.
News ID: 8105 Publish Date : 2019/12/24
US prices for hot-rolled coil (HRC) continued to increase after the Thanksgiving holiday week as mills held prices after three rounds of price increases
News ID: 7753 Publish Date : 2019/12/03
Shanghai rebar's price premium to coil has risen to its widest level in almost a year on the back of strong construction demand and weaker auto sales.
News ID: 7424 Publish Date : 2019/11/13
SteelMint learned in recent conversations with market participants that the imported scrap offers to Pakistan have continued to move up this week with recent upsurge the global market. After remaining slow earlier in the previous week, trade activities have picked up . Local scrap and Billet prices moved up on increasing global scrap offers, while domestic steel demand remains low.
News ID: 7350 Publish Date : 2019/11/05
Indian large scale mills have announced finish long steel prices for Oct’19 deliveries maintaining the similar price range. Few participants are assuming that prices have already bottomed out.
News ID: 6822 Publish Date : 2019/10/08
Chinese private-sector producer Jiangsu Shagang cut its rebar ex-works prices by 100 yuan/t ($14/t) for late October deliveries on rising supplies and sluggish demand.
News ID: 6799 Publish Date : 2019/10/21
Chinese steel producer Jiangsu Shagang has raised its rebar ex-works prices by 30 yuan/t ($4.20/t) for mid-October deliveries in response to solid rebar demand during the high season.
News ID: 6628 Publish Date : 2019/10/11
As per the recent conversation of industry participants with SteelMint, major steel manufacturer based in western India booked around 50,000 MT of HRC for export to Vietnam.
News ID: 6485 Publish Date : 2019/09/23
Indian iron ore imports for the month of Aug’19 have been recorded nil, according to the data maintained by SteelMint. The imports have dropped to nil after 4 years as this level was last witnessed in Oct’15. Indian iron ore imports in July’19 stood at 51,470 MT.
News ID: 6378 Publish Date : 2019/09/04
India's coated steel prices dropped further this week, as consumption remained minimal with buyers delaying payments because of a lack of funds.
News ID: 6212 Publish Date : 2019/08/28
Essel Mining - a major iron ore mine in Odisha has reduced its offers for iron ore lumps by INR 200/MT (USD 3/MT). Revised prices will come into effect from 24 Aug'19. However revision in fines was heard around INR 150/MT.
News ID: 6200 Publish Date : 2019/08/28
China’s major steelmaker - Baosteel has announced increase in its steel prices for September deliveries. The company has increased its steel prices by RMB 50-150/MT (USD 7-12/MT) in its Baoshan, Meishan and Dongshan base for Sep deliveries.
News ID: 6002 Publish Date : 2019/08/17
UK-based steelmaker Liberty Steel has boosted offers by €20/t ($22.46/t) at its recently acquired Ostrava steelworks in the Czech Republic to offset raw material and energy cost increases, as it implements a 20pc production cut.
News ID: 5229 Publish Date : 2019/07/16
As per trade sources report to the SteelMint, state owned & large mills in India who are making steel through blast furnace route are planning to raise their prices for April deliveries by approximately INR 500-1,000/MT (USD 7-14) across major markets
News ID: 4201 Publish Date : 2019/04/06
Price of general carbon billet in Tangshan, Changli and Qian'an yesterday was settled at RMB 3, 470/MT ex-factory, up RMB 10/MT.
News ID: 4055 Publish Date : 2019/03/16
SteelMint learned in recent conversation with market participants that Pakistan steel market observes increasing traction finally.
News ID: 2961 Publish Date : 2018/12/18
AN “ENDLESS” PASSION FOR WORK AND INNOVATION
Gianpietro Benedetti, Chairman of Danieli Group, passes away
AN “ENDLESS” PASSION FOR WORK AND INNOVATION
Gianpietro Benedetti, Chairman of Danieli Group, passes away