domestic

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The Indian automotive industry has urged the government for permission to restart manufacturing operations, as it has recorded zero sales in the domestic market in the first month of FY2021.
News ID: 9309    Publish Date : 2020/05/04

Containment measures to halt the spread of Covid-19 in many countries are expected to result in even more surplus LNG supply in the spot market, as weakened domestic gas demand drives importers to seek cargo deferrals.
News ID: 9097    Publish Date : 2020/04/09

Japanese ferrous scrap imports have surged this year in response to weaker domestic steel demand, and exporters are actively looking for more overseas markets to take a surplus of domestic scrap supply.
News ID: 9087    Publish Date : 2020/04/09

Australian airline Virgin Australia today suspended all its international flights from 30 March to 14 June in response to the coronavirus pandemic that has affected global air travel. It will also make deeper cuts to domestic capacity of 50pc to all services until 14 June.
News ID: 8764    Publish Date : 2020/03/18

Eastern China’s largest private ferrous scrap consumer and EAF steelmaker- Shagang Jiangsu Steel group has announced its first price cut in its scrap purchase price, after a gap of over 2 months since the last price revision on 9th Dec’19. For all major grades of domestic scrap, the company has lowered its purchase price by RMB 30/MT (USD 4) effective from today, 27th Feb’20
News ID: 8566    Publish Date : 2020/02/27

This week domestic HRC prices witnessed increase by around INR 500-1000/MT in traders market. SteelMint reported last week that major Indian steel mills are likely to announce hike of INR 1000-1500/MT (USD 14-21) in Jan '20.
News ID: 8106    Publish Date : 2019/12/24

Domestic pellet offers in India moved up in all major markets. In Durgapur SteelMint’s reference, pellet price assessment stands at INR 6,500/MT ex-plant as against last week's pellet assessment of INR 6,300-6,400/MT (ex-Durgapur, GST extra). However, participants reported limited trades.
News ID: 8104    Publish Date : 2019/12/24

Southeast Asian first-generation biodiesel will become increasingly insular in 2020, in the wake of the two biggest palm oil producers Indonesia and Malaysia hiking domestic production mandates in response to anti-palm oil sentiment from their previous largest export market Europe.
News ID: 8092    Publish Date : 2019/12/24

Vietnam's domestic integrated steel maker Formosa Ha Tinh has today announced a hike in its hot-rolled product prices by USD 15/MT for Feb'20 deliveries.
News ID: 8042    Publish Date : 2019/12/13

In conversation with Vietnam based market participants, SteelMint learned that prominent HRC exporting nations keep their offers consistent against the previous week.
News ID: 8026    Publish Date : 2019/12/16

Development of three oilfields in Iran has been assigned to a domestic company, CEO of the firm, which is a subsidiary of the National Iranian Oil Company announced.
News ID: 7971    Publish Date : 2019/12/16

Indian hot-rolled coil (HRC) prices increased by 1,500 rupees/t ($21/t) from a week earlier, as steel mills experienced higher prices in export markets.
News ID: 7950    Publish Date : 2019/12/13

The Italian hot-rolled coil (HRC) market is slowly becoming a sellers' market after multiple months of declines.
News ID: 7929    Publish Date : 2019/12/12

Lackadaisical European hot-rolled coil (HRC) demand is resulting in a very slow drawdown of the duty-free quota from the top six importing countries to the EU 28.
News ID: 7904    Publish Date : 2019/12/11

Japan, a key producer of aluminium semi-finished products, which procures its aluminium through import and secondary recovery produced 67,000 tonnes of secondary aluminium in the month of September, Japan Aluminium Association data shows.
News ID: 7896    Publish Date : 2019/12/10

A senior energy official announced that Iran can now export some 25 million to 30 million liters of gasoline per day as a result of the implementation of the gasoline rationing scheme that recently came back into force.
News ID: 7809    Publish Date : 2019/12/08

The northwest European hot-rolled coil (HRC) market is slowly starting to follow the lead set by Italian prices, while the latter have paused given constant increases in import offers.
News ID: 7551    Publish Date : 2019/11/25

Floating discounts for iron ore concentrates have widened into China this month, including for higher-quality brands like 67-68pc Fe Minas Rio, as big moves in the underlying indexes and competition from domestic ores pressure discounts downward.
News ID: 5295    Publish Date : 2019/07/18

Durgapur (eastern India) based pellet makers have raised offers following hike in sponge prices. 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: 5250    Publish Date : 2019/07/17

An official with the National Iranian Oil Company (NIOC) said the company was planning to sign ten production maintenance and enhancement contracts with domestic firms within the next two months.
News ID: 5158    Publish Date : 2019/07/14

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