German steel producer Salzgitter is shutting its 600,000 t/yr blast furnace C until steel demand recovers, the company told Argus today.
News ID: 6942 Publish Date : 2019/10/25
This week global billet market was reported trade operative as major markets like CIS and Iran witnessed some trades and market sentiments were seen getting improved.
News ID: 6869 Publish Date : 2019/10/12
Several marine fuel suppliers have started selling 0.5pc sulphur fuel oil in Hamburg, just over two months before the International Maritime Organisation's (IMO) regulations will cap allowed sulphur content at 0.5pc.
News ID: 6828 Publish Date : 2019/10/22
China's steel sector profitability remained sluggish in the peak sales month of October as a slowing economy and high output rates pressured product prices.
News ID: 6798 Publish Date : 2019/10/21
The Paris-based Financial Action Task Force (FATF) gave Iran a final deadline of February 2020 to tighten its rules against money laundering in compliance with the global watchdog’s financial standards.
News ID: 6748 Publish Date : 2019/10/18
Northwest European hot-rolled coil (HRC) prices slumped today as buyers continued to withhold purchases given huge uncertainty over future price direction and demand levels.
News ID: 6722 Publish Date : 2019/10/18
This was the consecutive week when SE Asia billet import market was reported sluggish with offers dropping sharply. The billet import offers in the region were assessed at USD 385-390/MT, CFR down, USD 15-20/MT against last week. The falling Turkey's import scrap prices have managed to keep the market sentiments weak in the region.
News ID: 6696 Publish Date : 2019/10/03
Iranian Foreign Minister Mohammad Javad Zarif said Tehran has run out of strategic patience after the European parties to the 2015 nuclear deal failed to honor their commitments in the wake of US withdrawal from the 2015 nuclear deal.
News ID: 6677 Publish Date : 2019/10/16
South Korea's Samsung SDI plans to invest 390bn forint ($1.29bn) in an expansion of its electric vehicle (EV) battery plant in Hungary, but a European Commission investigation of government incentives pledged to the company could complicate the project.
News ID: 6670 Publish Date : 2019/10/16
There is talk in the European hot-dip galvanised (HDG) market about a potential loophole created by the European Commission's latest review of its definitive steel safeguard.
News ID: 6625 Publish Date : 2019/10/11
Excessive destocking continues to weigh on apparent demand in the European coil markets, with buyers nursing their inventories and postponing procurement for as long as possible.
News ID: 6622 Publish Date : 2019/10/11
Aforum entitled "Iran-Germany Commercial Relations: Situation and Prospects" was held at Tehran’s Parsian Azadi Hotel on Tuesday.
News ID: 6590 Publish Date : 2019/10/08
A senior Iranian lawmaker underlined the country’s determination to scale back commitments to the 2015 nuclear deal, saying such a phased reduction will go on as long as the European signatories to the JCPOA refuse to carry out their part of the deal.
News ID: 6571 Publish Date : 2019/10/08
Headquartered in Stockdorf, Germany, the automotive supplier Webasto has reportedly begun the production of battery packs at its Schierling site, Regensburg district, for electric vehicles of a European bus manufacturer.
News ID: 6539 Publish Date : 2019/10/01
After witnessing some deals towards end of the last week, the SE Asia’s billet import market reported dull this week. Sharp plunge in global scrap prices turned market sentiments gloomy in global billet market. After India upturned its interest towards the region, the SE Asia buyers are now trying to further pull down the billet prices. As a result of which further drop in the offers from CIS nations was seen this week.
News ID: 6414 Publish Date : 2019/09/06
Prices have come down by around USD 15-20/MT in a week's time with couple of deals being reported to Turkey yesterday.
News ID: 6377 Publish Date : 2019/09/04
In conversation with the market participants, SteelMint learned that after returning post Eid holidays, the imported scrap offers to Bangladesh have continued to slide down this week, with decent trades being reported even as few of the participants have not fully returned back. Domestic market observed downtrend in prices on overproduction of finished steel exceeding the current demand.
News ID: 6179 Publish Date : 2019/08/26
Iran's Ambassador to Austria and Slovakia Ebadollah Mowlayee met with top bankers of the two countries to discuss banking relations between Tehran, Vienna and Bratislava.
News ID: 6147 Publish Date : 2019/08/24
The northwest European hot-rolled coil (HRC) market came under more pressure today, despite ArcelorMittal's announced price increase, as a German seller offered at aggressive levels to move tonnes ahead of the end of its financial year.
News ID: 6117 Publish Date : 2019/08/22
The Atlantic coking coal market remains under considerable pressure, with demand still sluggish and several sources expecting seaborne prices to drop further.
News ID: 6115 Publish Date : 2019/08/22