In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have significantly dropped this week following the continued downtrend at the global level.
News ID: 4876 Publish Date : 2019/06/23
SteelMint learned from industry participants that Turkish steel mills have taken a pause from buying activities after observing successive falling in scrap prices since the past couple of weeks.
News ID: 4872 Publish Date : 2019/06/23
Domestic HRC prices in traders market have come down by INR 500-1000/MT (USD 7-14) against last week and are hovering at almost 4-months low.
News ID: 4870 Publish Date : 2019/06/23
Indian HRC import prices from Japan decline in recent bookings concluded- SteelMint recently learned from market sources that Indian based stockist have booked 20,000 MT of HRC with major steel company based in Japan at around USD 525/MT CFR basis for July shipments.
News ID: 4858 Publish Date : 2019/06/20
Indian HRC import prices from Japan decline in recent bookings concluded- SteelMint recently learned from market sources that Indian based stockist have booked 20,000 MT of HRC with major steel company based in Japan at around USD 525/MT CFR basis for July shipments.
News ID: 4857 Publish Date : 2019/06/20
Sharp currency depreciation has resulted in a sharp hike in domestic steel prices. However, following the global downturn, imported scrap prices in Pakistan are hovering at around 5-6 months low.
News ID: 4856 Publish Date : 2019/06/20
SteelMint in conversation with trade sources that prices for low-grade iron ore fines export from India has increased by around USD 5/MT against last assessment
News ID: 4855 Publish Date : 2019/06/20
Amid falling Indian domestic sponge prices & decline in Bangladesh imported scrap prices, Indian sponge iron export offers have come down by USD 10-15/MT in recent deals reported, as per assessment made by SteelMint .
News ID: 4830 Publish Date : 2019/06/16
SteelMint learned from industry participants that Indian imported scrap prices inch down on a weekly basis in limited deals reported. Following continued global price fall, Indian scrap importers remain majorly cautious before buying actively amid weakening local semi-finish prices and still subdued finish steel demand.
News ID: 4829 Publish Date : 2019/06/16
In the latest conversation with market sources based in Bangladesh, SteelMint analyzed that imported HRC offers to Bangladesh from China witnessed significant decline by USD 20-25/MT in last couple of weeks. Bangladesh market has opened this week after Eid holidays.
News ID: 4826 Publish Date : 2019/06/15
SteelMint in conversation Indian pellet makers and other market participants analyzed that bids for Indian pellets have witnessed increment this week. Following surge in global iron ore fines price, pellet export prices has also strengthened this week.
News ID: 4816 Publish Date : 2019/06/14
In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have weakened on account of further softening of prices at the global level.
News ID: 4812 Publish Date : 2019/06/14
This week global billet market remained silent amid Eid holidays. Even the post festivity is not expected to defeat the weak billet export market sentiments, amid weakening global scrap prices. Imported scrap prices in Turkey have inched down in absence of trades. SteelMint ’s assessment for US origin HMS (80:20) is at USD 300/MT, CFR towards weekend.
News ID: 4800 Publish Date : 2019/06/11
As per vessel line up data maintained with SteelMint , a bulk scrap import vessel named 'MV Sagar Kanya' is expected to arrive at Kandla port on 09th Jun'19.
News ID: 4777 Publish Date : 2019/06/09
According to market sources report to SteelMint , west India based pellet maker – Jindal SAW has concluded pellet export deal to China for 50,000 MT pellet consisting of Fe 63% (around 1.5% Al). The deal is heard to have concluded at USD 116/MT, FoB India for June shipment.
News ID: 4754 Publish Date : 2019/06/04
Billet export offers from CIS nations weakened following drop in scrap prices. Turkey’s scrap import prices witnessed a decline this week; a drop of USD 8-10 is reported against last week. SteelMint ’s assessment for US origin HMS (80:20) stands at USD 304/MT, CFR Turkey, lower by around USD 8- 10 against last week. This drop is weakening the billet trade sentiments across the globe.
News ID: 4751 Publish Date : 2019/06/04
Steel Authority of India - a government of India Company has invited an ocean export tender for billets from its Durgapur Steel plant. The tender quantity is reported to be 18,900 MT billets (Prime Mild steel and non alloy concast) with size 125*125 mm having specifications; C-0.27-0.32%, Mn-0.70-0.90%, S-0.05% max, P-0.05% max and Si - 0.15-0.35% .
News ID: 4712 Publish Date : 2019/06/01
In the recent conversation with industry participants, SteelMint got indications that major Indian steel mills may hike flat steel prices in June owing to increased production cost. Although the quantum of hike has not been finalized yet but the anticipation is around INR 500-750/MT.
News ID: 4705 Publish Date : 2019/06/01
Indian HRC export offers To Nepal for June shipments- Market sources shared with SteelMint that Indian major steel mill concluded a deal of HRC of re-rolling grade with Nepal for June shipments.
News ID: 4704 Publish Date : 2019/06/01
Iranian billet export offers reported majorly stable this week. According to SteelMint ’s assessment, due to increase in Turkey’s scrap import prices last week, the Iran billet offers increased to USD 400/MT, FoB mark. Also, the boosted trade sentiments in CIS nations had set up the high price trade expectations for billet producers in Iran but no deal was reported at this price.
News ID: 4701 Publish Date : 2019/05/31