Fortescue Metals Group - world's 4th largest iron ore producer has kept the sub-grade iron ore discount for SSF (super special fines) unchanged. SteelMint has learned from the market participants that FMG has kept the discount stable for SSF low-grade fines for the month of June’19 to 11% in line with May’19.
News ID: 4646 Publish Date : 2019/05/27
Iranian billet market has started recovering from dull sentiments and has picked up pace this week. According to SteelMint ’s assessment, this is primarily due to the recent increase in Turkey’s scrap import prices, which witnessed a hike of USD 10/MT, yesterday against last week.
News ID: 4643 Publish Date : 2019/05/26
This week Indian HRC trade prices continue to fall in few markets like Chennai, Ahmedabad and Hyderabad as demand failed to improve in domestic market. However in other regions like Mumbai , HRC prices have remained unchanged this week.
News ID: 4636 Publish Date : 2019/05/25
In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have shown a marginal upward movement this week following the recovery in global levels.
News ID: 4635 Publish Date : 2019/05/25
According to the market participants reported to SteelMint , Durgapur pellet prices have increased further in recent trades concluded today. In Durgapur (Eastern India) prices hike by around INR 500-600/MT D-o-D. SteelMint ’s reference pellet price assessment stands at INR 6,900/MT against INR 6,300-6,600/MT /MT yesterday.
News ID: 4634 Publish Date : 2019/05/25
Pellet offers for this week increased sharply in the recently concluded deals. SteelMint ’s assessment stands at INR 6,900-7,000/MT (ex-Raipur, GST extra) against last week’s assessment of INR 6,600/MT. Current prices are hovering at 3-month high.
News ID: 4627 Publish Date : 2019/05/22
Sponge iron market seems to remain strong, as per manufacturers in central & eastern India. Rising raw material prices & active demand are likely to keep Indian sponge iron prices supported, they added.
News ID: 4626 Publish Date : 2019/05/22
Indian steel market remained quite subdued for the week 20 (11-18th May'19) as the prices of raw materials like Iron ore, pellet and coal have inched up a little. However, the prices of Semis & Finished long steel products slump by INR 200-900/MT (USD 3-13), as per SteelMint assessment.
News ID: 4592 Publish Date : 2019/05/20
SteelMint learned from industry participants that containerized scrap trades to South Asia remained limited on account of low demand and to have more clarity after the recent price hike in the global market.
News ID: 4576 Publish Date : 2019/05/19
SteelMint in conversation with trade sources learned that assessment for low-grade iron ore fines export from India has remained stable. SteelMint ’s assessment for low grade (Fe 57/58%) iron ore fines prices have remained mostly stable at USD 57-58/MT, FoB India equivalent to USD 67-68/MT, CFR China.
News ID: 4557 Publish Date : 2019/05/17
In conversation with industry participants, SteelMint learned that imported scrap offers to Bangladesh have further fallen this week on the account major correction in global levels along with slow sales of domestic finished steel.
News ID: 4551 Publish Date : 2019/05/16
SteelMint learned in recent conversations with industry participants that imported scrap offers in containers to Pakistan have dropped to 4-month low amid global price correction observed during the closing of last week.
News ID: 4545 Publish Date : 2019/05/16
SteelMint learned from industry participants that Turkish steel mills have recently concluded more deals at further corrected prices. Steel mills seem to have actively booked deep sea cargoes comprising around 150,000 MT scrap as they achieved desired offer levels from suppliers.
News ID: 4540 Publish Date : 2019/05/16
SteelMint learned from industry participants that import trades for containerized scrap to South Asia have remained very limited on negative sentiments this week.
News ID: 4528 Publish Date : 2019/05/15
India pellet export market seems to be strengthening this week. SteelMint has learned from trade sources that Chinese mills have marginally raised its bids for Indian pellets to USD 121-122/MT CFR, China against last assessment at USD 117-119/MT, CFR China for Fe 63% grade pellet (0.5+/-) with 3% Al content.
News ID: 4517 Publish Date : 2019/05/14
In conversation with market participants, SteelMint learned that bulk scrap import prices to Bangladesh have come down considerably in recent bookings made.
News ID: 4513 Publish Date : 2019/05/14
According to vessel line up data maintained with SteelMint , India imported 53,860 MT pellets from Iran in the month of April'19 compared to nil imports in last month. Since the data maintained with SteelMint , it’s for the first time that India has imported pellets from Iran.
News ID: 4502 Publish Date : 2019/05/14
SteelMint learned from recycling industry sources that non-compliance of Hazardous Waste Management Rules 2016 is crafting problems for Indian scrap industry participants while getting their scrap materials cleared from Nhava Sheva customs in Mumbai.
News ID: 4500 Publish Date : 2019/05/14
India, one of the world's largest ship recycler has imported about 1,740,000 LDT of ship breaking scrap in FY19, which is lowest since the year of 2014, as per data maintained by SteelMint .
News ID: 4489 Publish Date : 2019/05/10
In conversation with Bangladesh's scrap importers & traders, SteelMint learned that steel mills observed limited trades for imported scrap on low demand in the finished steel market
News ID: 4473 Publish Date : 2019/05/09