material

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Canadian mining firm Teck Resources produced 6.5mn t of coking coal in the third quarter, up by 2pc on the year, despite logistical constraints and material handling issues.
News ID: 6943    Publish Date : 2019/10/25

Seaborne pellet prices rose this week, as steel mills stepped up use of direct-charge material on the back of sintering restrictions in Hebei and Shandong provinces.
News ID: 6826    Publish Date : 2019/10/22

Afire in a canal carrying waste from the Abadan Oil Refinery was doused without fatalities on Sunday.
News ID: 6806    Publish Date : 2019/10/20

Indian Ferro Chrome Prices have been under pressure for a long duration, however, despite low demand and thin trading activity, the prices skyrocketed in the domestic market in line with increased Chrome Ore Prices in the recent auctions. Meanwhile, most of the producers are out of material to supply and thus, the supply situation for both the raw material and Ferro Chrome are tight.
News ID: 6695    Publish Date : 2019/10/03

Northwest European hot-rolled coil (HRC) prices lurched lower today as domestic mills chased tonnes and tried to prevent a repeat of the import penetration seen over the fourth quarter of last year.
News ID: 6587    Publish Date : 2019/10/09

Mid sized mills have raised export offers to Nepal following hike in Indian domestic prices. However demand remained subdued on account of weak steel demand in local market of Nepal as well and equivalent landed cost of mid size & large scale mills steel.
News ID: 6457    Publish Date : 2019/09/12

Karnataka has registered fall marginally in monthly e-auction sales volume in Aug’19. Total iron ore allotted quantity was recorded at 2.40 MnT in Aug’19 compared to 2.41 MnT in Jul’19. However, on yearly basis, Karnataka e-auction sales moved up by 8% in Aug’19 as compared to 2.21 MnT in Aug’18.
News ID: 6440    Publish Date : 2019/09/09

Bharat Heavy Electricals Limited - a govt owned unit yesterday in a BSE filing informed that - "a contract to construct a Raw Material Handling System at NMDC's under construction Integrated Steel Plant, Nagarnar, Bastar district — Chhattisgarh, is being executed by BHEL-ISG Bengaluru division."
News ID: 6361    Publish Date : 2019/09/03

As per the recent updates received, the 22nd Goan iron ore e-auction held on 22nd and 23rd Aug’19, received bids for only 39% (i.e 2.06 MnT) out of total offered quantity of 5.34 MnT. Rest 3.28 MnT iron ore remained unsold.
News ID: 6284    Publish Date : 2019/09/03

Producers in India and Bhutan have maintained the prices of Ferro Silicon despite low demand and thin trading activities. India is experiencing such sluggish demand for Ferro Silicon owing to the bearish Stainless and Steel market and characterized by the oversupply of material . Although, the demand remains scattered, as a few producers were also heard to be booked for the month, while the others are undercutting the prices to attract buyers.
News ID: 6208    Publish Date : 2019/08/28

This was the consecutive week of the month in which the country witnessed no trades. The billet export offers from the country also got soften to USD 380-385/MT, FoB, down USD 5/MT against last week. The prime reason for the trade silence in the country is dipping raw material prices.
News ID: 6199    Publish Date : 2019/08/27

As per the latest market sources, the Commerce Ministry’s trade investigation arm, DGTR (Directorate General of Trade Remedies) has rejected Indian Steel Association’s (ISA) plea to impose restrictions on steel imports in the form of 25% Safeguard duty on the grounds that the criterion for applying safeguard duty have not been met.
News ID: 6180    Publish Date : 2019/08/26

Two Marmara-based mills were confirmed to have sold cargoes into the US in the past 24 hours, providing a potential outlet for other mills looking to move material in the short term.
News ID: 6116    Publish Date : 2019/08/22

74-years old pensioner Alan Smith, along with his team has reportedly built an environmentally friendly hydrogen reactor, a mini plant that can circumvent conventional shortcomings in hydrogen production while producing aluminium oxide and heat as valuable by-products.
News ID: 6085    Publish Date : 2019/08/22

State-Owned, Odisha Mining Corporation (OMC) conducted the e-auction on 13 Aug’19. Despite low demand in the market, and falling Ferro Chrome prices, OMC received a good response, as the entire quantity was booked at prices approximately 6% higher than the base price. Lower graded material viz., 46-48% and 44-46% received a much higher response as the booking price was 14% higher than the base price.
News ID: 6033    Publish Date : 2019/08/18

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

In 2019, although the global needle coke prices maintained an uptrend, the Chinese prices moved in the opposite direction. The country’s needle coke market was affected by the decline in graphite electrode prices, and the domestic prices dropped 30-40% compared to 2018. Whereas over the same period, the companies ex-China continued to raise the needle coke prices, resulting in a price surge of 20% Y-O-Y basis.
News ID: 5924    Publish Date : 2019/08/15

Despite great expectations for demand from electric vehicles where lithium-ion batteries dominate, prices for the raw material have been in relentless decline for the better part of two years.
News ID: 5833    Publish Date : 2019/08/07

Seaborne metallurgical coal prices continue plunging due to persistent weakness in the FOB market, as producers keep reducing offers in a desperate attempt to attract buying interest.
News ID: 5728    Publish Date : 2019/08/05

Odisha - India's largest iron ore producing state recorded production at 11.73 MnT stable on monthly basis, according to the provisional data of Odisha Govt. maintained by SteelMint. The figures include the type of material - fines, lump, and concentrate.
News ID: 5652    Publish Date : 2019/08/01

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