Indian spot steel trade activities remains low as finished steel inventories observed more than the average basis with the mid sized mills. Participants being reported, limited inquiries from the local re-rollers for Billet & Sponge iron.
News ID: 4452 Publish Date : 2019/05/07
This week Chinese steel prices exhibited mixed sentiments as they started the week with positive note amid higher steel prices. However later prices declined gradually on weekly basis owing to dull trading activities and weak demand in domestic market.
News ID: 4445 Publish Date : 2019/05/07
Indian secondary rebar demand remains weak amid low buying interest through the traders end and increase in stock levels urged re-rollers to lower the price range.
News ID: 4433 Publish Date : 2019/05/06
This week Chinese steel prices surge in the beginning of the week and witness decline towards the weekend over fluctuating futures. Meanwhile export offers inched up on weekly basis .
News ID: 4404 Publish Date : 2019/05/04
Indian Steel prices marginally fluctuated by INR 100-200/MT today on average demand in major markets. The trade volumes remains less today over festive mood, as reported by participants.
News ID: 4398 Publish Date : 2019/05/02
This week Chinese steel prices witnessed significant increase in domestic market following hike in iron ore prices fueled by limited supply in global market.Also strong futures, improved domestic demand along with higher profit margins lead to uptrend in Chinese steel prices.
News ID: 4368 Publish Date : 2019/04/20
SteelMint learned in conversation with industry participants that there is a shortage of domestic scrap in the market added to which Pakistan’s ship-breaking industry has been in the hibernation state witnessing very less of ships being beached for cutting operation since last two quarters in Gadani’s market.
News ID: 4307 Publish Date : 2019/04/11
During the week-14 (1st-6th April), Indian spot trades were subdued and due to disruption in power supply in Central region, the prices of Billet & Rebar s found support, meanwhile sponge iron prices remained slightly fluctuates on improved availability.
News ID: 4280 Publish Date : 2019/04/09
Steel export offers from eastern India increased by USD 5-10/MT (W-o-W). The prices moved up on account of surge in domestic prices by INR 700-1,000/MT (USD 10-15), W-o-W. It is to be noted that eastern India based mills have occupied largest share in Nepal's steel import.
News ID: 4263 Publish Date : 2019/04/09
As per trade sources report to the SteelMint, state owned & large mills in India who are making steel through blast furnace route are planning to raise their prices for April deliveries by approximately INR 500-1,000/MT (USD 7-14) across major markets
News ID: 4201 Publish Date : 2019/04/06
Indian steel prices fell further today against yesterday. However SteelMint learned that the mills are not looking for more drop in prices considering prices to have bottomed out (further drop may reduce prices below production cost of standalone mills) and are holding positive outlook.
News ID: 4177 Publish Date : 2019/03/30
Bangladesh based medium mills have kept their Rebar offers unchanged this week following stability in raw material prices and average trade volumes.
News ID: 4161 Publish Date : 2019/03/29
Major ferrous scrap markets exhibited firm sentiments in terms of offers this week. Turkish steel mills resumed US scrap bookings after a short break at stable prices amid stabilized sentiments in rebar markets. Suppliers in US, UK and Europe remain optimistic about prices on tight supply situation.
News ID: 4156 Publish Date : 2019/03/26
India's rebar demand in secondary market has remained dull amid slow material movement at current price range, reported by market participants.
News ID: 4058 Publish Date : 2019/03/17
This week, rebar demand in domestic market is on recovery mode, after a constant fall during last week. As per assessment, in last 2 days the prices increase was near about INR 500/MT (upto USD 7) across major markets.
News ID: 4033 Publish Date : 2019/03/15
Iranian billet export offers witnessed a downfall in current week. Offers decreased almost by around USD 10/MT W-o-W to around USD 390-400/MT FoB. Last week, billet export offers of Iran were noted to be around USD 400-410/MT FoB.
News ID: 3977 Publish Date : 2019/03/12
This week Chinese steel market witnessed increase in prices from the beginning of the week,however fall towards the weekend amid fluctuating futures.Menawhile export offers continued to remain on higher side.
News ID: 3976 Publish Date : 2019/03/12
Rebar offers of mid sized mills in Bangladesh have remained unchanged this week amid average deals, trade participants reported.
News ID: 3933 Publish Date : 2019/03/10
Indian Semis prices further drop owing to lack of demand and strengthening supply, as per participants. The prices fall by INR 100-500/MT (upto USD 7), day on day.
News ID: 3931 Publish Date : 2019/03/10
SteelMint learned from industry participants that Turkey based steel mills have continued scrap purchases amid positive trend.
News ID: 3828 Publish Date : 2019/03/04