India is considering easing environmental approvals for mines due for auctions by March, according to people familiar with the matter, a move that may potentially limit any disruption in iron-ore supplies.
News ID: 6499 Publish Date : 2019/10/05
Indian Silico Manganese prices fell in both the domestic and export market for the eighth straight week. In the domestic market, buyers are negotiating for lower prices but producers are trying to hold on after having had to continuously lower their prices to significantly low levels.
News ID: 6481 Publish Date : 2019/09/23
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has slashed its price for procurement all grades of domestic steel scrap by RMB 40/MT (USD 6) effective from today 20th September’19.
News ID: 6474 Publish Date : 2019/09/20
Formosa Ha Tinh Corporation (FHS), Vietnam’s largest steel manufacturer of the country has slashed its billet offers for shipments scheduled by Oct’19. The price offered for billet by the company is reported to be USD 420/MT, CIF North, down USD 35/MT against last month and that to for South is reported to be USD 425/MT, CIF, down from USD 460, CIF against last month.
News ID: 6468 Publish Date : 2019/09/13
China’s major steelmaker Baosteel is planning to invest in a new production line for the non-oriented silicon steel manufacturing base in its Baoshan province over increased demand for higher-end products used in energy vehicles.
News ID: 6463 Publish Date : 2019/09/12
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
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced a price hike for all grades of domestic steel scrap procurement by RMB 80/MT (USD 11 ) effective from today 10th September’19.
News ID: 6447 Publish Date : 2019/09/10
Indian steel mills export aggressively as domestic sales remain slow- Market sources shared with Steel Mint that Indian steelmakers booked around 50,000 MT of HRC with Vietnam at around USD 455-460/MT CFR Vietnam for Oct deliveries. Last week the offers was assessed around USD 460-465/MT CFR basis. Thus decline of USD 5-10/MT could be seen in recent deals concluded.
News ID: 6443 Publish Date : 2019/09/10
Weakening trades, higher inventories and falling steel prices compelled Indian steel mills to actively export HRC to global market
News ID: 6437 Publish Date : 2019/09/09
As per the market sources, Chinese steel makers have scaled back their operations for the ongoing month of September due to scrap shortage, high costs and lower steel prices that have kept the manufacturers on the verge of losses.Chinese steel producers have increased scrap input in the BOF to meet stringent pollutant emissions standards.
News ID: 6436 Publish Date : 2019/09/09
For the first time in over 50 years of cooperation, Primetals Technologies and Tata Steel Europe have commissioned a Level 2 system for a continuous caster completely online.
News ID: 6434 Publish Date : 2019/09/20
Třinecké Železárny ordered the Danieli Automation 3Q LPC model to estimate casting product temperatures for two continuous casting machines at its operation in the Czech Republic.
News ID: 6423 Publish Date : 2019/09/30
Steel Authority of India Ltd (SAIL) has reduced pig iron (steel grade ) offers by INR 400/MT ($ 6) from its Bhilai Steel Plant (BSP), Steel Mint learned from market sources.
News ID: 6415 Publish Date : 2019/09/07
According to Iranian Mines & Mining Industries Development & Renovation (IMIDRO), the Iranian government planned to impose a 25% tariff on iron ore exports from 1st Oct’19. The policy of tariffs is mostly to avoid exporting raw iron ore, creating more additional value, and meet the requirements from domestic steel industries.
News ID: 6411 Publish Date : 2019/09/06
The wait is finally over for JSW Steel to acquire Bhushan Power and Steel Ltd (BPSL) as NCLT (National Company Law Tribunal) has finally given a go-ahead to the former’s bid of INR 19,700 crore for BPSL.
News ID: 6387 Publish Date : 2019/09/05
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
Medium sized re-rollers in Bangladesh have reduced their rebar offers against last week assessment due to inadequate demand of finished steel which has narrowed down post Eid festivals.
News ID: 6382 Publish Date : 2019/09/05
Indian government has amended its import policy covered under foreign trade policy of 2015-2020 from 'free' to ' free subject to compulsory registration under Steel Import Monitoring System (SIMS)' for the items covered under chapter 72,73 and 86.
News ID: 6381 Publish Date : 2019/09/05
Eastern China’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced another price cut for all grades of domestic steel scrap procurement by RMB 50/MT (USD 7) effective from 30 Aug'19. Notably, this is steel mills' 2nd price cut in a week's time. Prior to this, the company had cut prices by RMB 60 two days back. Falling billet & steel prices resulted in lowering of scrap purchase prices.
News ID: 6375 Publish Date : 2019/08/31
Global ferrous scrap market observed downtrend in almost all major markets this week. Turkey observed further fall in prices in this week's cargo bookings, while south Asian markets continued to follow the downtrend. Japan's Tokyo Steel , as well as China's Shagang Steel , lowered their scrap purchase price twice this week while South Korea's Hyundai steel booked Japanese cargo last week after a gap of few weeks.
News ID: 6372 Publish Date : 2019/08/31