Turkish imported scrap prices have continued to surge for another week with a couple of deep-sea bookings from Baltic origins being concluded at higher prices in the last few days, SteelMint learned from market participants. The Turkish market has been very active for scrap bookings since the last week even amid continuously rising offers from global suppliers over tight supply during winters.
News ID: 7047 Publish Date : 2019/10/22
Durgapur pellet assessment inch up: In Durgapur SteelMint ’s reference, pellet price has picked marginally to INR 5,400-5,500/MT (ex-Durgapur, GST extra), against INR 5,300-5,400/MT a week ago.
News ID: 7045 Publish Date : 2019/10/22
TATA Steel's pig iron auction of 3,000 MT from its Bhushan Steel Plant fetched bids higher by INR 350/MT, SteelMint learned from market sources.
News ID: 7007 Publish Date : 2019/10/18
OP Jindal Industrial Park located at Punjipathra, Raigarh, Central India, is likely to cut power supply to the Raigarh based industries from 19th Oct’19 to 31st Oct’19, as reported by steel manufacturers to SteelMint .
News ID: 6988 Publish Date : 2019/10/16
According to market sources report to SteelMint , Indian pellet export market turn active amid decent deals concluded by pellet makers recently.
News ID: 6938 Publish Date : 2019/10/14
According to customs data maintained with SteelMint , South Korean mills have registered a sharp increase in bulk scrap bookings from US. South Korea scrap import bookings from US have increased over four-fold to 66,753 MT in Sept'19 against 15,923 MT in Aug'19.
News ID: 6860 Publish Date : 2019/10/12
Indian iron ore imports were reported nil in Sept'19, according to the data maintained by SteelMint . The imports have recorded nil for second consecutive month. Indian iron ore imports in July’19 stood at 51,470 MT.
News ID: 6821 Publish Date : 2019/10/08
According to market sources report to SteelMint , an Iranian mill has booked 5,000 MT billet for export to Gulf in recent, sources reported to SteelMint . The deal concluded is for 150*150mm billet and the deal value was reported to be USD 350-355/MT and the delivery is scheduled for Nov'19.
News ID: 6815 Publish Date : 2019/10/08
SteelMint in conversation with industry participants learned that major Indian steel manufacturers have kept HRC, CRC prices unchanged for the month of Oct’19 amid slow off take in domestic steel market. Also with the upcoming festive holidays this month domestic HRC prices will continue to remain under pressure in Oct’19.
News ID: 6794 Publish Date : 2019/10/05
India has recorded sharp growth in billet/bloom export shipments against last month. Based on data of ports maintained with SteelMint , India has exported approximately 181,310 MT of billets and blooms in Sep’19 against around 64,000 MT in Aug’19.
News ID: 6793 Publish Date : 2019/10/05
According to data maintained with SteelMint , Indian pellet export volumes in Sep'19 were recorded at 1.11 MnT, down 22% on monthly basis as against 1.42 MnT a month ago.
News ID: 6792 Publish Date : 2019/10/05
Indian HRC bulk export shipments in September are estimated at around 616,000 MT, up from August export levels of 510,000 MT, a rise of over 20% m/m, based on data of 20 ports maintained by SteelMint .
News ID: 6709 Publish Date : 2019/10/04
According to bulk vessel line up data compiled with SteelMint , Bangladesh has observed an increase in bulk imports of ferrous scrap, HRC & coal. While pig iron & billet reported nil volume imported during the month.
News ID: 6708 Publish Date : 2019/10/04
Imported scrap offers to Bangladesh continued to move down for another week, as persistent lower buying bids from most major steel-mills over the week helped in pulling down the prices further, SteelMint learnt from industry participants. Trades have remained slow in comparison to last week, with many buyers waiting for further stability in the market, however, buying is likely to pick up in the next few days at favourable prices.
News ID: 6697 Publish Date : 2019/10/03
This week, global billet market reported trade active as China resumed billet imports due to on production cuts in the country. However, Turkey's imported scrap remained heftier market sentiments. Turkish imported scrap prices have fallen again after a couple of fresh deep-sea cargo bookings were signed at prices lower by a further USD 5-6/MT, SteelMint learned from market participants. After remaining firm for over a week, the recent decline has ensured that prices have now plunged by over USD 70/MT in the last 2 months.
News ID: 6600 Publish Date : 2019/09/28
In recent conversations with industry participants, SteelMint learned that imported scrap prices to South East Asia have followed the global downturn over the last couple of weeks and moved down further by USD 10-15/MT in last 2-weeks, however, the prices have shown some stability in the last few days.
News ID: 6484 Publish Date : 2019/09/23
SteelMint learned from market participants that Turkish imported scrap prices remain firm after the recent deep-sea cargoes bookings confirmed today. Amid the consistent drop in prices in the last several week, few industry sources consider it a stabilizing sign for the coming weeks.
News ID: 6482 Publish Date : 2019/09/23
This week, global billet market remained silent after a trade operative last week. Falling Turkey’s imported scrap prices were seen heftier over global billet market which has supported the price war in SE Asia. Turkish imported scrap prices have moved down sharply again this week after yesterday’s deep-sea cargo bookings were confirmed at prices USD 6-7/MT lower than the previous bookings, SteelMint learned from market participants.
News ID: 6480 Publish Date : 2019/09/21
According to the market sources report SteelMint that fallen in global iron ore fines price Indian low-grade iron ore fines (Fe 57%) export prices have also decreased.
News ID: 6479 Publish Date : 2019/09/21
In conversation with industry participants, SteelMint learned that imported scrap offers to India have dropped again, on account of global softening earlier this week following the Turkish bookings at sharply lowered prices. Trades remained slow again this week as most buyers stood cautious of the downward trend.
News ID: 6472 Publish Date : 2019/09/20