Steel Authority of India Ltd (SAIL) - a govt. owned steel producer conducted auction for around 4,100 MT steel grade pig iron today from its Rourkela Steel plant (eastern India). The auction received good response with around 80% of the material offered got booked at base price.
News ID: 7420 Publish Date : 2019/11/11
SteelMint learned from market participants that imported scrap prices to Turkey have slightly inched up in several deep-sea cargo bookings completed in the last few days. Amid tight material availability, the market expects the uptrend to continue for the medium term.
News ID: 7412 Publish Date : 2019/11/08
The sharp decline in graphite electrodes prices in past one year has dragged down the performance of Chinese graphite electrodes manufacturer, Fangda Carbon, as its net profits have registered a fall of more than 50% in the first three quarters of 2019.
News ID: 7297 Publish Date : 2019/10/31
Australian graphite developer Kibaran Resources has confirmed the effectiveness and environmental friendliness of its EcoGraf proprietary purification process through testwork results for the development of a battery anode material manufacturing facility at Kwinana, south of Perth.
News ID: 7227 Publish Date : 2019/11/05
With China becoming a key hub of Graphite electrodes over past two years, the demand for its key raw material – needle coke also increased. Few years back, before the hype around GE industry happened, needle coke was not of major interest to the steel industry participants. However, tables turned and in time span of two years, China added to its needle coke capacity, 550,000 tonnes in 2018 and 510,000 tonnes in 2019 (making its total capacity 1.06 MnT), thus leading to its increased supplies in the domestic market.
News ID: 7053 Publish Date : 2019/10/23
Venezuelan state-owned Bauxilum has suspended bauxite and alumina production, the latest casualty of unstable power supply, mismanagement and a lack of imported materials.
News ID: 7032 Publish Date : 2019/10/29
Up to 90pc of the global marine fleet will be using compliant fuel in December, Phillips 66 said today.
News ID: 6993 Publish Date : 2019/10/25
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
The recession in global as well domestic steel demand seems to have taken a toll on Indian graphite electrodes prices also. The domestic GE prices have seen a further sharp correction of 20% M-o-M basis this month.
News ID: 6934 Publish Date : 2019/10/14
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
SteelMint has heard from its market sources that after falling continuously over past few months, the electrodes prices in China have stabilized this week. However, the market continues to remain weak with tepid downstream demand and high inventories with the producers.
News ID: 6471 Publish Date : 2019/09/20
With no major change in China’s downstream steel demand, the overall situation in country’s GE market continues to remain sluggish and the prices prevails to be weak.
News ID: 6385 Publish Date : 2019/09/05
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
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
Bearish sentiments in China’s graphite electrodes market continued this week amid drop in the country’s domestic steel prices. The tepid downstream demand is taking toll upon China’s GE market and few of the EAF manufacturers have stalled their production resulting in plunge in GE demand and its prices (especially that of non-UHP grade electrodes and small sized electrodes).
News ID: 6201 Publish Date : 2019/08/28
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
Australian mining firm Northern Minerals (NM) has concluded a long-term offtake agreement for heavy rare earth carbonate from its Browns Range pilot plant with the trading arm of German steelmaker Thyssenkrupp.
News ID: 5872 Publish Date : 2019/08/12
Even though at the beginning of the month iron ore was trading above $120 a tonne, the highest in more than five years, prices are starting to come down, closing at about $100 a tonne in the last market session.
News ID: 5776 Publish Date : 2019/08/06
Representatives from Tibet Summit Resources announced that they want to invest $180 million in a lithium carbonate plant to be located in Argentina’s Salta province.
News ID: 5743 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
