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
According to the latest customs data released, the nation’s finished steel exports reported declined by 27% in the first two months of CY20 to 7.8 MnT as compared to 10.698 MnT in Jan- Feb’19.
News ID: 8881 Publish Date : 2020/03/07
As per the latest data released by the customs and compiled by SteelMint , India’s finish-flat imports stood at 0.30 MnT in Feb’20 down by 17% on a monthly premise as against 0.37 MnT in Jan’20.
News ID: 8813 Publish Date : 2020/03/17
SteelMint in conversation with market participants learned that major Raipur (central India) based pellet manufacturers have decreased offers today by INR 200/MT.
News ID: 8811 Publish Date : 2020/03/17
This week, Iran billet export prices fell marginally in recent deals. SteelMint ’s assessment for billet export offers from Iran is at USD 380-385/MT, FoB Iran, down USD 5-10/MT, against last week. While domestic billet offers in the country are at IRR 52,600/kg, including 9% VAT.
News ID: 8713 Publish Date : 2020/03/12
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
The medium scale steel mills in Dhaka, Bangladesh have kept their rebar prices firm over average demand prevailing in local market, SteelMint learned from its credible sources.
News ID: 8622 Publish Date : 2020/03/05
Turkish imported scrap prices have slightly moved down, in a recent deep-sea cargo concluded yesterday. Turkish market for imported scrap had remained silent for over 10 days since the last major booking, with buyers bidding considerably low levels to pull down the prices.
News ID: 8615 Publish Date : 2020/03/03
HRC import prices to India have come down sharply in a recent deal concluded, SteelMint learned from its close sources. A major South Korean steelmaker has concluded a deal for 10,000 MT HRC (SAE 1006 re rolling grade) with an Indian importer (steel manufacturer) at USD 500-503/MT CFR India for April shipments. The import booking is likely to arrive at Kandla port. The import price is lower by USD 20-22/MT against the last booking reported by SteelMint at USD 525/MT, CFR India in Jan'20.
News ID: 8609 Publish Date : 2020/02/25
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
NMDC Donimalai pellet plant has resumed offering pellets after a gap of around five months. The company has quoted fresh offer Fe 64% pellets at INR 7,000/MT (FoT basis).
News ID: 8560 Publish Date : 2020/02/27
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
Imported scrap offers to South East Asia remained stable amid thin trades owing to holidays. SteelMint learned from industry participants that many global yards have remained closed for ongoing winter vacations, while Japanese suppliers also remain closed till the 1st week of Jan'20.
News ID: 8216 Publish Date : 2019/12/30
Southern India (Bellary) based pellet makers have increased pellet offers by INR 300-400/MT starting this week. SteelMint ’s assessment for pellets stands at INR 6,900-7,000/MT (Ex-Bellary) against last week's assessment at INR 6,600/MT. Pellet prices for Southern India have moved up by INR 700-800/MT M-o-M as against INR 6,200-6,300/MT (EXW) a month back. Bellary pellet prices are hovering at 6-months high as these levels were last seen in Jun'19.
News ID: 8215 Publish Date : 2019/12/30
Indian Ferro Chrome prices are close to the bottom levels, and Ferro Chrome producers are filled with hope, that the prices may increase by next month. Producers are positive that with global Chrome Ore prices not falling further and Stainless Steel prices rising in China Ferro Chrome prices may also increase.
News ID: 8210 Publish Date : 2020/01/02
Towards the year closing, the Indian domestic pellet market has witnessed deals getting concluded at increased offers. Southern India (Bellary) based pellet makers have increased pellet offers by INR 700-800/MT W-o-W. SteelMint ’s current assessment for pellets (Fe 63%) stand at INR 7,000-7,300/MT (Ex-Bellary) against last week's assessment at INR 6,450/MT. Bellary pellet prices are hovering at 6-months high as these levels were last seen in Jun'19.
News ID: 8185 Publish Date : 2019/12/31
Fortescue Metals Group - world's 4th largest iron ore producer has increased sub-grade iron ore discount for SSF (super special fines) for Jan’20. SteelMint has learned from the market participants that FMG discount for SSF low-grade fines for the month of Jan’20 increased to 18% from 15% in Dec’19.
News ID: 8147 Publish Date : 2019/12/26
This week domestic HRC prices witnessed increase by around INR 500-1000/MT in traders market. SteelMint reported last week that major Indian steel mills are likely to announce hike of INR 1000-1500/MT (USD 14-21) in Jan '20.
News ID: 8106 Publish Date : 2019/12/24
Domestic pellet offers in India moved up in all major markets. In Durgapur SteelMint ’s reference, pellet price assessment stands at INR 6,500/MT ex-plant as against last week's pellet assessment of INR 6,300-6,400/MT (ex-Durgapur, GST extra). However, participants reported limited trades.
News ID: 8104 Publish Date : 2019/12/24
Vietnam, one of the leading ferrous scrap importer witnessed a sharp fall in ferrous scrap imports in Nov’19, as it imported 0.32 MnT scrap in the month, down by 29 % M-o-M as compared to 0.45 MnT scrap imported in Oct’19, as per the recent data released by the country’s customs department.
News ID: 8040 Publish Date : 2019/12/13