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OPEC’s crude production surged by the most in almost 30 years last month as its biggest members fought to dominate a global market devastated by the coronavirus crisis.
News ID: 9311    Publish Date : 2020/05/03

Hydro has received contracts from Tersan Ship yard for the supply of aluminium solutions. The company will deliver its products for the upper sections of ships under construction for Norwegian shipowner Havila Kystruten AS.
News ID: 8497    Publish Date : 2020/02/26

TEHRAN (FNA)- Iran's exports of steel will reach 10mln tons by the end of the current Iranian year (to end on March 19), an official said.
News ID: 8324    Publish Date : 2020/01/23

Iran’s exports of various steel products increased by nearly a quarter in the eight-month period ending in late November 2019, according to a report.
News ID: 8277    Publish Date : 2020/01/09

Managing Director of Iran’s Ports and Maritime Organization Mohammad Rastad announced on Wednesday that the commercial ships carrying cargo to the Iranian ports enjoy full safety in light of security provided by the country for its territorial waters.
News ID: 8257    Publish Date : 2020/01/08

Local scrap market in Bangladesh witnessed an uptick in sales, with most ship recyclers in Chittagong collectively hiking offers today. Ship yard’s melting scrap was sold at BDT 31,500/MT (USD 371) ex Chittagong and Ship plates (re-rollable) of 12-16 mm were sold at BDT 38,000-40,000/MT (USD 445-471) ex Chittagong. Prices have moved up by USD 15-20/MT W-o-W. New vessels being procured at higher prices as well as high imported scrap prices are likely to keep local scrap prices supported in the near future.
News ID: 8209    Publish Date : 2020/01/02

Imported scrap trades to Bangladesh remained very slow this week as most suppliers didn’t have sufficient material to offer, with many yards being closed for winter vacations. Inquiries from buyers also remained limited on account of low slow steel market and sufficient inventories. Some industry participants expect the demand to improve by Jan next year with many mills requiring restocking.
News ID: 8144    Publish Date : 2019/12/26

Australia has passed legislation to ensure the country will comply with tighter global marine fuel specifications that take effect from next year.
News ID: 7807    Publish Date : 2019/12/06

An Iranian knowledge-based company has used nanotechnology to develop a special coating that prevents the growth of marine organisms, such as moss, on the outer layer of the hull of ships.
News ID: 7537    Publish Date : 2019/11/23

Australian lithium producer Altura Mining this week shipped its largest ever cargo of lithium concentrate to China.
News ID: 7512    Publish Date : 2019/11/22

ExxonMobil is banning the use of any ship that has visited Venezuela in the last year to fulfill future crude shipments, a move that could effectively sideline hundreds of tankers from working for the company.
News ID: 6713    Publish Date : 2019/10/18

Alang - Gujarat, has registered sharp growth in imports of scrapped ships in Jul'19 and the volume reached 7 months high since Dec'18, as per custom data maintained by SteelMint.
News ID: 5979    Publish Date : 2019/08/16

Commodity trading firm Trafigura has started shipping crude on the 670,000 b/d Cactus 2 pipeline, moving Permian crude to the Gulf coast.
News ID: 5947    Publish Date : 2019/08/15

Iranian ships export petrochemical products to Brazil and return with the South American country’s agricultural products onboard, an Iranian official said, adding that the commercial ties between the two sides are immune to the US unilateral sanctions against Tehran.
News ID: 5587    Publish Date : 2019/07/29

Global ferrous scrap prices observed upward trend this week in all major markets, except Japan and SE Asia. Turkey observed further strengthening in prices amid strong buying activity, consequently raising offers for South Asian buyers too, where Pakistan and Bangladesh observed decent trades, however India remained mostly out of buying activity, on non-viability of imported scrap.
News ID: 5087    Publish Date : 2019/07/09

In conversation with market participants, SteelMint learned that Bangladesh has continued to observe downslide in imported scrap prices since past few weeks. Prices inched down further on weekly basis while decent trades were reported this week.
News ID: 4966    Publish Date : 2019/07/01

In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have significantly dropped this week following the continued downtrend at the global level.
News ID: 4876    Publish Date : 2019/06/23

An Iranian deputy economy minister highlighted the country’s numerous capacities to attract foreign investments and said more than 1200 foreign firms have invested in the Islamic Republic.
News ID: 4717    Publish Date : 2019/06/01

The new International Maritime Organization (IMO) 2020 regulations are expected to have some tangible effect on the steel industry. Primarily, increasing freight rates for raw materials such as iron ore and coal as ship owners and operators pass on higher bunker costs.
News ID: 4688    Publish Date : 2019/05/31

In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have shown a marginal upward movement this week following the recovery in global levels.
News ID: 4635    Publish Date : 2019/05/25

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