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SteelMint in conversation with its market sources learned that Vietnam based steel mill booked HRC from China for July end or early August shipments.
News ID: 4887    Publish Date : 2019/06/24

Iran traded 903,607 tons of non-oil commodities worth $568.38 million with the UAE during the first Iranian month (March 21-April 20), registering a 32.7% and 34.15% decline in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.
News ID: 4884    Publish Date : 2019/06/23

Indian pellet export prices have moved up by USD 3-4/MT this week. According to market sources report to SteelMint, east India based pellet maker Brahmani River Pellets Ltd (BRPL) has recently concluded export deal to China for 50,000 MT pellet.
News ID: 4866    Publish Date : 2019/06/23

Since the second quarter, the domestic prices of chrome ore and Ferro Chrome have been in a free-fall, reflected by the downward price adjustment and tepid transactions. The insiders from the whole chain of chrome industry incline to be conservative towards the short-term market of chrome, and their market participation is passive.
News ID: 4865    Publish Date : 2019/06/23

According to National Bureau of Statistics, China - world's largest consumer and importer of iron ore has witnessed rise in crude iron ore production for May'19. The production in May'19 recorded at 70.8 MnT, up 3% against 68.5 MnT in Apr'19.
News ID: 4860    Publish Date : 2019/06/20

Eastern China ’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group likely to announce the price hike for all grades of domestic steel scrap purchase by RMB 50/MT (USD 7) effective from tomorrow (18th June’19).
News ID: 4850    Publish Date : 2019/06/20

This was the consecutive week, in which Turkey's scrap import prices fell down by USD 8-10/MT and global billet market witnessed yet another dull week. Although it was not surprising for the marketers, the market acted exactly in line with the expected resonance
News ID: 4838    Publish Date : 2019/06/18

The Chinese graphite electrodes prices especially that of UHP grade continues to remain stable this week. The current prices in China of UHP grade GE of size 450mm are heard to be in the range of RMB 24,000 – 26,000/MT (USD 3,470 – 3,760/MT) whereas that of size 600mm are in the range of RMB 48,000 – 60,000/MT (USD 6,940 – 8,675/MT).
News ID: 4831    Publish Date : 2019/06/16

In the latest conversation with market sources based in Bangladesh, SteelMint analyzed that imported HRC offers to Bangladesh from China witnessed significant decline by USD 20-25/MT in last couple of weeks. Bangladesh market has opened this week after Eid holidays.
News ID: 4826    Publish Date : 2019/06/15

According to latest data released by Chinese customs, nation’s finished steel exports in May’19 stood at 5.74 MnT, declined by 9% over 6.33 MnT in Apr’19.
News ID: 4810    Publish Date : 2019/06/11

According to General Administration of Customs, China - the world's largest iron ore consumer and importer, recorded 4% rise in iron ore imports to 83.75 MnT in May'19 against hitting 18 months low in Apr'19 at 80.77 MnT.
News ID: 4809    Publish Date : 2019/06/11

This week imported HRC offers to Vietnam inched down further in line with continual decline in HRC export offers from China . Chinese HRC exports offers have reached to rock bottom due to significant fall in domestic prices.
News ID: 4808    Publish Date : 2019/06/11

China ’s Heilongjiang Changsheng Carbon Co. Ltd., located in Sahngzi city of Heilongjiang province has once again started the production of graphite electrodes after the closure for almost seven years. The factory formerly known as Luohe Carbon Plant was closed down in the year 2012 amid poor market demand.
News ID: 4805    Publish Date : 2019/06/11

This week Chinese steel prices reported continual decline and witnessed significant fall amid pessimistic market sentiments and dull outlook prevailing in domestic market. Also volatile futures lead to further fall in steel prices in China .
News ID: 4801    Publish Date : 2019/06/11

Preliminary data released by Japan’s Ministry of Finance show that the country’s crude oil imports from Iran dropped 42% month-on-month to 169,100 barrels per day in April.
News ID: 4783    Publish Date : 2019/06/09

Eastern India based pellet maker has concluded an export deal for around 50,000 MT for regular grade pellets (Fe 64%, containing 3% alumina) for June loading. According to the sources, the deal has been concluded at around USD 123-124/MT, CFR China .
News ID: 4772    Publish Date : 2019/06/07

The new steel minister Dharmendra Pradhan has his task cut out. Right from reining in the rising trend of imports to ensuring uninterrupted supply of iron ore and bank credit to the industry for capacity addition, the new minister will have a tough time in office, at least in the short to medium term.
News ID: 4769    Publish Date : 2019/06/07

The upheaval in graphite electrodes demand in the past two years and a steady surge in the requirements for graphite anodes for lithium-ion batteries in China has boosted the needle-coke demand in the country.
News ID: 4766    Publish Date : 2019/06/07

Indian iron ore export volumes increased by 45% to 2.05 MnT in May'19 as against 1.42 MnT in Apr'19. On yearly basis, iron ore export increased significantly as against 0.79 MnT in the month of May'18. Iron ore exports from India have climbed to 13-months high as similar level of exports was last seen in Mar'18 at 2.63 MnT.
News ID: 4765    Publish Date : 2019/06/07

According to market sources report to SteelMint, west India based pellet maker – Jindal SAW has concluded pellet export deal to China for 50,000 MT pellet consisting of Fe 63% (around 1.5% Al). The deal is heard to have concluded at USD 116/MT, FoB India for June shipment.
News ID: 4754    Publish Date : 2019/06/04

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