Medium size re-rollers in Bangladesh have slightly increased their rebar offers towards the beginning of the week due to changes in tax structure.
News ID: 5141 Publish Date : 2019/07/13
This week Chinese steel prices exhibited bearish market sentiments as the news of easing production cuts in Tangshan region will remain till end Jul’19. This resulted to slight fall in steel prices in China.
News ID: 5085 Publish Date : 2019/07/09
Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Vizag Steel, is set to face a shortage in availability of rebars (TMT) for sale of around 60,000-70,000 tonnes (MT) spread over July and August, 2019, which is likely to be offset, partially, through conversion from semis, SteelMint has learnt from market sources.
News ID: 5083 Publish Date : 2019/07/09
As per recent data released by Joint Plant Committee (JPC), India's finish long steel production moved up by 7.12% in May’19.
News ID: 5039 Publish Date : 2019/07/06
Medium size re-rollers in Bangladesh have increased their rebar offers following budget announcement however trade volumes remain limited as market awaits further clarity on budget.
News ID: 5036 Publish Date : 2019/07/06
This week Chinese steel market exhibited mixed sentiments in domestic market since steel prices reported decline in the beginning of the week and witness rebound towards the end of this week amid gains in futures market.
News ID: 4891 Publish Date : 2019/06/24
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 week Chinese steel market witnessed decline in domestic steel prices over volatile futures. However nation’s export offers continued to remain subdued owing to softening demand in global market.
News ID: 4836 Publish Date : 2019/06/18
SteelMint learned from industry participants that Turkish steel mills have observed fresh deals as US suppliers returned into the market after short pause towards the closing last week. Activities remained very limited on public Eid holidays during last week while imported scrap prices moved down USD 5-6/MT on W-o-W basis as global sentiments remained dull.
News ID: 4811 Publish Date : 2019/06/11
Indian secondary rebar demand remained subdued across region with limited buying interest from traders & retailers amid higher inventory levels seen from major supplying regions as price level reduced by INR 400-800/MT across regions.
News ID: 4773 Publish Date : 2019/06/09
Indian steel prices remain slightly surge by INR 100-400/MT on improved inquiries from the domestic buyers. The mid sized mills have raised Billet prices by INR 100-400/MT, Rebar by INR 100-300/MT & Sponge iron by INR 100-200/MT day on day in major markets.
News ID: 4623 Publish Date : 2019/05/22
Indian spot steel prices sharply surge by INR 300-600/MT in a day on improved demand in finished steel products amid positive outlook. The sources have reported better response from the stockiest & end user segment.
News ID: 4617 Publish Date : 2019/05/22
This week Chinese steel prices softened amid deprecation of nation’s currency Yuan against USD. Meanwhile USA govt imposed tariffs of 25% on $200 billion worth of Chinese imports. This resulted to pessimistic market sentiments and in turn weakened export offers from China.
News ID: 4593 Publish Date : 2019/05/20
JSW Steel, India's largest private steel producer has released its monthly crude steel output results today for Apr’19. Company’s long steel, flat steel and crude steel output witnessed decline on monthly basis in Apr’19.
News ID: 4524 Publish Date : 2019/05/14
Indian spot steel prices plunge further amid sluggish demand domestically, as stated by participants. The Rebar , Billet & Sponge iron prices fell by INR 100-300/MT (day on day) through the mid sized mills.
News ID: 4523 Publish Date : 2019/05/14
Indian Steel prices further drop owing to limited trade activities, as reported by participants. The prices on daily assessment fell by INR 100-600/MT through the mid sized mills.
News ID: 4507 Publish Date : 2019/05/14
Participants reported less inquiries from the re-rollers end resulted gradual decline in Billet & Sponge iron prices by INR 100-300/MT day on day in major markets.
News ID: 4499 Publish Date : 2019/05/14
Indian steel prices slightly fluctuated amid subdued trade activities as prices in across major markets increased by INR 100-200/MT except in Western India where same proportion fall observed.
News ID: 4472 Publish Date : 2019/05/09
Indian steel prices slightly fell on limited trade inquiries with less clarity in market directions whether the current price range will sustain or see major change in coming days.
News ID: 4464 Publish Date : 2019/05/09
Bangladesh based large & medium scale mills have kept their rebar offers unchanged this week and trade activities are supported up to certain level, SteelMint learned with the re-rollers in Dhaka.
News ID: 4463 Publish Date : 2019/05/09