SteelMint in conversation with market participants learned that bids for Indian low-grade fines from China have come down this week following the decline in global iron ore price. Low-grade fines (Fe 57/58) assessment of SteelMint moved down to around USD 53-55/MT CFR China, as against the last assessment at USD 55-57/MT, CFR China.
News ID: 7376 Publish Date : 2019/11/02
Billet export offers from all the major markets remained largely stable with slight uptick in CIS & Iran. However, Turkish imported scrap prices have inched up marginally.
News ID: 7374 Publish Date : 2019/11/02
Indian mills reported to have increased HRC offers by upto INR 750/t ($10.5) for November deliveries. Market participants feel this hike is largely supported on optimism seen in export market rather than improvement in domestic demand. SteelMint analyse why Indian HRC prices are so influenced by export market these days.
News ID: 7373 Publish Date : 2019/11/02
SteelMint learned from market participants that a flurry of new fresh deep sea cargo bookings have concluded recently at increased prices, as the tightness in supply and hike in collection prices with winters approaching, is ensuring the continued rise in global offers since last 4 weeks, with the market expecting further correction in coming weeks.
News ID: 7354 Publish Date : 2019/11/05
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
SteelMint in conversation with market participants learned that Vietnam based end users have raised their bids for imported HRC following hike in offers. Current offers for positioned cargo of Indian HRC is assessed around USD 425-430/MT, CFR Vietnam.
News ID: 7349 Publish Date : 2019/11/05
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
Inventories of construction steel re-bar with large mills in India dropped to ~650,000 MT at the end of October, according to recent survey done by SteelMint .
News ID: 7341 Publish Date : 2019/11/04
SteelMint learnt from market participants that imported scrap offers to Vietnam have seen a sharp rise in the last couple of weeks, in line with the uptrend at global levels. As offers of Japanese origin bulk cargoes have also gone up by upto USD 15/MT in the last 2 weeks amid recent rebound, trades have remained rather slow.
News ID: 7340 Publish Date : 2019/11/04
NMDC (Chhattisgarh) supplied total 303 rakes (1.16 MnT) of iron ore in the month of Oct’19, up 59% against 190 rakes (0.73 MnT) a month before in Sept’19, according to railway movement data maintained with SteelMint .
News ID: 7336 Publish Date : 2019/11/01
Imported scrap offers to India have continued to rise for another week following the global upside. SteelMint 's assessment for imported scrap to India has increased by USD 10/MT W-o-W. No major deal for containers was reported this week due to mismatch in buyers’ bids and offers from suppliers.
News ID: 7335 Publish Date : 2019/11/01
According to market sources report to SteelMint , Indian pellet export prices have moved down in recent deals concluded by Odisha based pellet maker.
News ID: 7309 Publish Date : 2019/10/31
This week Iranian billet export market remained slow amid semi holiday week, on account of Martyrdom of Imam Reza. However, billet export offers from the country increased marginally towards end of the last week. SteelMint assessment for Iranian billet are standing at USD 350-355/MT, FoB Iran, up USD 5/MT against last week.
News ID: 7308 Publish Date : 2019/10/31
SteelMint learnt from market participants that the bulk market in South East Asia turned active amid recent bookings reported. Earlier this week, a prominent steel manufacturer in Thailand has booked a bulk scrap vessel from a major Scrap Cargobased recycler.
News ID: 7306 Publish Date : 2019/10/31
In conversation with trade participants, SteelMint learned that Indian mills have increased HRC export offers to Vietnam by around USD 5-10/MT against last week.
News ID: 7304 Publish Date : 2019/10/31
Medium scale re-rollers in Bangladesh have slightly reduced their rebar offers by BDT 500/MT (USD 6) against last week. The offers have come down on account of weak trade volumes due to liquidity crunch, as stated by participants to SteelMint .
News ID: 7302 Publish Date : 2019/10/31
Imported scrap trades to Bangladesh have turned very slow this week, with no major bookings being reported in the market, SteelMint learned from market participants. Offers to Bangladesh have marginally inched up while the global market has remained stable for over a week now. Although trades have remained limited in the previous few weeks, however, the recent fall in the local finished steel market amid subsided demand has aggravated the situation further.
News ID: 7299 Publish Date : 2019/10/31
SteelMint learnt in recent conversations with market participants that the imported scrap offers to Pakistan have rallied up further this week after the global market continued to strengthen last week. Trades are yet to pick up after the recent uptrend, with buying activities remaining slow for the 3rd week in a row. Continued slow down in domestic steel market and ongoing 2-day strike has also kept most steel mills away from active procurement.
News ID: 7112 Publish Date : 2019/10/29
Imported scrap offers to Bangladesh continued to rise sharply for yet another week, with the recent rise in the global market being reflected in offers to South Asia, SteelMint learnt from market participants. Trades in containers have turned slow over the last week, with uncertainty over the global trend as well as active bookings in the previous weeks, however as the market expects the prices to rise further in the winter months, buyers would look to actively restock in the coming weeks at favorable prices.
News ID: 7059 Publish Date : 2019/10/23
JSW Steel, one of the prominent steel producer in India with an installed steel-making capacity of 18 MnT pa announced its Q2 FY20 results today.Below are the highlights of the conducted conference call-
News ID: 7055 Publish Date : 2019/10/23