In recent conversation with industry participants SteelMint learned that steel mills in Bangladesh have turned active for bulk bookings. It is learnt that 2 bulk cargos for ferrous scrap were booked recently from USA and Japan, to Bangladesh
News ID: 5240 Publish Date : 2019/07/17
Iranian mills have kept billet export offers unchanged this week, however like last week, this week also left the market with no deals. According to SteelMint , this week Iranian billet export assessment stands at USD 380-385/MT FoB, for Aug- Sep’19 shipment, down by USD 5 against last week over softening market sentiments.
News ID: 5146 Publish Date : 2019/07/13
Raipur based pellet makers book over 50,000 MT for exports for August delivery, SteelMint learned from market participants. Although prices were not discovered at the time of publishing but SteelMint 's price assessment for standard grade pellets stands at around USD 120-122/MT FOB India east coast. This is equivalent to INR 8,200-8,300/MT FoB basis.
News ID: 5145 Publish Date : 2019/07/13
NMDC iron ore production for the quarter witnessed at 8.46 MnT, up by 23% Y-o-Y, SteelMint learned from sources. However production is down by 20% as against 10.6 MnT in Q4 FY19.
News ID: 5124 Publish Date : 2019/07/11
JSW Steel, India's largest private steel producer has released its quarterly crude steel output results today.As per results company’s long steel output witness growth and flat steel output registered decline in first quarter of FY20 against previous quarter.
News ID: 5119 Publish Date : 2019/07/11
SteelMint in conversation with market participants learned that central India based pellet makers have lowered offers by INR 200/MT. Current offers for Fe 63% is at INR 6,800/MT (ex-Raipur, GST extra). Not significant deals were reported at last offers of INR 7,000/MT. P-DRI prices declined to INR 15,900/MT today as compared to INR 16,500-16,700/MT (basic) a week ago.
News ID: 5118 Publish Date : 2019/07/11
Towards the end of this week imported HRC offers to Vietnam inched up further on the back of hike in offers. However deals at increased offers were not yet reported.
News ID: 5037 Publish Date : 2019/07/06
SteelMint recently learned from industry participants that major Indian steel mills have increased HRC export offers for Vietnam in recent deals concluded by USD 7-10/MT for July-Aug shipments.
News ID: 5015 Publish Date : 2019/07/04
Bellary (southern India) based pellet makers have lowered pellet offers by INR 100-200/MT this week. SteelMint ’s assessment for pellets stands at INR 6,300-6,500/MT against last week assessment at INR 6,700-6,900/MT.
News ID: 5012 Publish Date : 2019/07/04
This was another dull week for Iranian billet export market. In fact, the country’s billet export market went through resilient phase throughout the month.
News ID: 4974 Publish Date : 2019/07/01
In recent conversation with market sources based in Bangladesh, SteelMint analyzed that imported HRC offers to Bangladesh from China registered increase by USD 20-25/MT in line with hike in export offers from China this week.
News ID: 4970 Publish Date : 2019/07/01
This week, Durgapur (eastern India) based pellet makers have raised offers following hike in export offers. SteelMint ’s reference pellet price assessment stands at INR 6,500/MT (delivered) up by INR 200-300/MT against INR 6,200-6,300/MT in last week.
News ID: 4961 Publish Date : 2019/07/01
SteelMint learned in recent conversations with industry participants that imported scrap prices have slightly turned up following rebound in Turkey imported scrap assessment. Trades remain limited as suppliers majorly stand-in ‘wait and watch’ mode and non-desperate to offer in the large quantity in the market.
News ID: 4959 Publish Date : 2019/07/01
According to market sources report to SteelMint , inquiries for imported South African lumps to India has dropped amid soaring prices caused due to global price hike. Although no firm offers/bids were heard but assessment for South African lump to India is learned to be around USD 134-135/MT, CNF Kandla, up as against USD 125/MT, CFR Kandla in last month.
News ID: 4955 Publish Date : 2019/07/01
According to the recent data released by World Steel Association (WSA) total crude steel production of 66 steel manufacturing countries increased by 4% to 162.74 MnT in May’19 as compared to 156.82 MnT in Apr’19.
News ID: 4952 Publish Date : 2019/07/01
The global billet market is struggling to recover from the aura of sluggish sentiments. This week CIS billet assessment weakened by USD 10-15/MT amid fall Turkey's scrap import prices which lowered by USD 15/MT W-o-W. SteelMint ’s assessment for US origin HMS (80:20) scrap to Turkey is USD 279/MT, CFR against USD 293/MT, CFR a week back.
News ID: 4895 Publish Date : 2019/06/24
As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has again lowered the domestic H2 scrap purchase price by JPY 1000/MT (USD 9) at Kyushu works in western region, and by JPY 500/MT for its other 4 works, amid very weak sentiments in the domestic market. The new prices for all grades shall be effective from tomorrow (21st Jun'19).
News ID: 4888 Publish Date : 2019/06/24
SteelMint in conversation with its market sources learned that Vietnam based steel mill booked HRC from China for July end or early August shipments.
News ID: 4887 Publish Date : 2019/06/24
Indian Finish long steel imports increased by around 36.5% M-o-M in May’19, as per recent released custom data maintained by SteelMint .
News ID: 4885 Publish Date : 2019/06/24
NMDC- India's largest iron ore producer registered 25% increase in sales for the month of May'19 at 3.37 MnT as against 2.7 MnT a month ago. The miner had rolled over prices for May'19 deliveries.
News ID: 4877 Publish Date : 2019/06/23