Steel Authority of India Ltd (SAIL) has reduced basic grade (steel grade) pig iron offers by around INR 700/MT (USD 10) from its Bhilai Steel Plant (BSP) based in Central India, SteelMint learned from market sources.
News ID: 5982 Publish Date : 2019/08/16
Indian iron ore export volumes for July’19 stood at 2.13 MnT, up 19% as against 1.79 MnT in June’19. On yearly basis, exports increased significantly compared to July’18 at 0.17 MnT.
News ID: 5980 Publish Date : 2019/08/16
Indian rebar prices of medium and small scale mills hit nearly 2 years low amid constant downfall over dull demand amid heavy monsoon season which has put construction activities on hold. As per SteelMint 's assessment the prices slumped by INR 500-1,500/MT (USD 7-21) W-o-W.
News ID: 5977 Publish Date : 2019/08/16
After observing deals in past few weeks, this week left the Iranian billet market sentiments softened. SteelMint ’s current Iran’s billet export assessment stands at USD 385-390/MT, FoB, down by USD 5/MT against last week’s assessment of USD 390-395/MT, FoB.
News ID: 5976 Publish Date : 2019/08/16
India’s steel giant - Tata Steel announced Q1 FY20 results yesterday. SteelMint attended the analyst/investor conference call and the highlights are mentioned below.
News ID: 5975 Publish Date : 2019/08/16
Indian iron ore imports in July’19 have been recorded at 51,470 MT, according to the data maintained by SteelMint . Indian iron ore imports witnessed 28% decline for the month compared to 71,865 MT in June’19. The imports have dropped amid high global prices. Imports for the month recorded 5 years low as the levels were last witnessed in June’14 at 45,487 MT.
News ID: 5933 Publish Date : 2019/08/15
Sponge iron prices in southern & eastern India dropped to 2 years low, whereas in central region it is trading near to 20 month's low, as per assessment maintained with SteelMint .
News ID: 5930 Publish Date : 2019/08/15
SteelMint learned from industry participants that Turkish imported scrap market has resumed scrap booking at corrected prices after almost a week's pause. Weak finish steel sales continue to put pressure on sentiments despite rise in domestic scrap prices in the central and Midwest region in US.
News ID: 5927 Publish Date : 2019/08/15
SteelMint learned from sources that Taiwan’s domestic scrap and rebar prices have remained flat for the fifth consecutive week amid limited domestic finish steel demand. Steelmakers anticipate imported scrap prices to remain under pressure on weak sentiments globally amid ongoing Eid holidays keeping domestic scrap & rebar prices unchanged in Taiwan.
News ID: 5925 Publish Date : 2019/08/15
Close to 30,000 MT pellets were traded in Raipur market so far this week after hike in P-DRI prices, SteelMint learned from sources.
News ID: 5920 Publish Date : 2019/08/15
SteelMint pellet Index (PELLEX) moved down by INR 200/MT to 6,450/ MT (DAP Raipur) against the last index published on 02nd Aug’19 amid falling indications in the export market and reduction in offers by pellet makers this week.
News ID: 5855 Publish Date : 2019/08/08
In conversation with market sources based in Vietnam, SteelMint analyzed that imported HRC prices to Vietnam soften further by around USD 10-15/MT towards the end of this week amid lower bids from end users in Vietnam.
News ID: 5739 Publish Date : 2019/08/05
As per bulk vessel line up data maintained with SteelMint , South Africa iron ore export shipments to India dropped to nil in July’19 as compared to 53,000 MT in June’19. The drop is attributed to availability of comparatively less expensive domestic pellets. Major buyers from west India and south India have shifted to pellets. Jindal SAW pellet prices are assessed at INR 8,300/MT, delivered Kandla.
News ID: 5738 Publish Date : 2019/08/05
In conversation with industry participants, SteelMint learned that imported scrap offers to South Asia declined marginally on weak demand.
News ID: 5733 Publish Date : 2019/08/05
Indian mill heard to have concluded a bulk parcel of 50,000 MT granulated pig iron (GPI) last week to China at around USD 340-350/MT FOB India east coast, SteelMint learnt from market sources.
News ID: 5731 Publish Date : 2019/08/05
According to market sources report to SteelMint , central India based sponge makers have sourced pellets from Odisha recently.
News ID: 5727 Publish Date : 2019/08/05
NMDC (Chhattisgarh) supplied total of 222 rakes (0.85 MnT) of iron ore in the month of Jul’19, down 28% against 310 rakes (1.19 MnT) a month before in Jun’19, according to railway movement data maintained with SteelMint .
News ID: 5725 Publish Date : 2019/08/05
In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have been stabilized this week, however, the domestic market situation remained sluggish amid heavy rains and upcoming holidays for Eid in the country.
News ID: 5723 Publish Date : 2019/08/05
According to market sources report to SteelMint , China has booked around 44,000 MT billet from Iran this week. The deal value was reported to be USD 390/MT FoB Iran for which landed price would come around USD 440-445/MT, CFR levels
News ID: 5722 Publish Date : 2019/08/05
Limited trades in Durgapur (eastern India) have resulted in decline in pellet offers. In Durgapur SteelMint ’s reference, pellet price assessment stands at INR 6,000 (delivered) down sharply by INR 300-400/MT against INR 6,300-6,400/MT end of the last week assessment.
News ID: 5688 Publish Date : 2019/08/02