Steel Authority of India Limited (SAIL), recently conducted auction from its Central India based Bhilai Steel Plant (BSP) for defective steel products on 13th Jul'19. Out of 42,602.48 MT steel put up for auction, only 10,093 MT (24%) material was sold out despite reduce base price by INR 700-1,000/MT (USD 10-15) as against last auction.
News ID: 5468 Publish Date : 2019/07/25
Australian cobalt developer Jervois Mining will take over eCobalt Solutions after shareholders of the Canadian company voted in favour of the deal, Jervois said on Monday.
News ID: 5431 Publish Date : 2019/07/23
SAIL (Steel Authority of India Limited) conducted auction for around 6,550 MT steel grade pig iron today from its Rourkela Steel plant (eastern India). The auction received weak response as only 17% material have been sold out amid unchanged base price.
News ID: 5299 Publish Date : 2019/07/18
Seaborne Manganese Ore prices raised amid shortage of material at Chinese Ports. South African Carbonate Ores price was raised last week and this week Australian and Gabonese Ores followed the suit. However, the sudden increase in the global freight rates have decreased margins on Manganese Ore Shipments.
News ID: 5251 Publish Date : 2019/07/17
UK-based steelmaker Liberty Steel has boosted offers by €20/t ($22.46/t) at its recently acquired Ostrava steelworks in the Czech Republic to offset raw material and energy cost increases, as it implements a 20pc production cut.
News ID: 5229 Publish Date : 2019/07/16
According to a recent report, Ghana Bauxite Company Limited workers at Awaso are set to resume work following a successful renegotiation with the nine-member committee. The committee was set up to ensure the re-engagement of the workers.
News ID: 5220 Publish Date : 2019/07/16
Global manganese ore prices are likely to rise amid shortage of material at Chinese Ports. South African Carbonate Ore prices have raised due to unavailability of abundant material in the ports.
News ID: 5123 Publish Date : 2019/07/11
It seems that the tables have turned for global Graphite Electrode (GE) manufacturers, including Indian producers, as after enjoying price buoyancy for almost two years, prices have started falling at an unrestrained pace.
News ID: 4953 Publish Date : 2019/07/01
Prakash Industries Ltd (PIL) - one of the major steel producers in Central region of India has yesterday declared its financial results for the fiscal year 2019, in which the company's net sales & profit after tax (PAT) increased significantly.
News ID: 4640 Publish Date : 2019/05/26
SAIL's pig iron auction conducted today for 12,000 MT steel grade pig iron from its Rourkela Steel plant (Eastern India) has received weak response with around 70% material remaining unsold.
News ID: 4549 Publish Date : 2019/05/16
China iron ore future edged up 4% today due to supply crisis from Vale over delay in resumption at Brucutu mines. Vale on Monday (6th May) was ordered by the Minas Gerais Court of Justice (Tribunal de Justiça do Estado de Minas Gerais - "TJMG") to hold production at its Brucutu mines.
News ID: 4512 Publish Date : 2019/05/14
Central India based pellet maker - Shri Bajrang Power and Ispat Ltd has concluded two pellet export deals recently. SteelMint has learned from company officials that the deal has been concluded at around USD 117/MT, CFR China. Material shipment is scheduled for June.
News ID: 4450 Publish Date : 2019/05/07
SAIL conducted auction for 10,000 MT steel grade pig iron today in which it raised price by INR 800-850/MT against last auction. 35% of the material offered was booked.
News ID: 4411 Publish Date : 2019/05/04
Growing demand for smart thermostats, wind turbines and other high-tech devices is expected to keep copper the dominant material used in electrical components, industry players said, offsetting rising use of aluminum, a cheaper alternative to conduct electricity.
News ID: 4324 Publish Date : 2019/04/11
The company kept base prices unchanged for today's auction and nearly 10-11% material was booked.
News ID: 4237 Publish Date : 2019/04/08
Ferro Silicon prices fall down as few producers are cutting down prices to clear the piled up inventories.
News ID: 4186 Publish Date : 2019/04/04
India's rebar demand in secondary market has remained dull amid slow material movement at current price range, reported by market participants.
News ID: 4058 Publish Date : 2019/03/17
World's largest iron ore miner Vale has temporarily suspended operation at its Malaysian Distribution Centre for about 10 to 15 days owing to fire broke out.
News ID: 3888 Publish Date : 2019/03/08