This week Chinese steel prices exhibited optimistic market sentiments with improvement in steel prices amid measures taken by the government to push buying activities in both domestic and export markets. HRC and rebar export offers remained stable. Domestic billet prices gained momentum. Iron ore prices moved up amid measures adopted by the Chinese government. However, coking coal offers inched down on a weekly basis.
News ID: 8880 Publish Date : 2020/03/07
Market sentiments in the Chinese steel market were bolstered by the gains in futures followed by the government’s efforts to thrust the recovery of the steel demand. Meanwhile, China also announced a rate cut in its Required Reserve Ratio (RRR) further adding a push to buying sentiments in the market. Rebar and billet prices ascended this week while HRC prices depicted a slight fall.
News ID: 8823 Publish Date : 2020/03/14
Bangladesh scrap market has turned active in terms of bulk scrap bookings. The steel market has witnessed another fresh bulk cargo bookings this week.
News ID: 7964 Publish Date : 2019/11/29
It is "impossible" for ArcelorMittal to remain in Italy after the Milan Tribunal ordered the shutdown of Ilva's blast furnace 2 (BF 2) this week, market participants said.
News ID: 7921 Publish Date : 2019/12/12
This week nation's domestic steel prices reported a surge on a weekly basis over restricted supply amid recently announced production curbs. Along with this, RMB strengthening over USD, and strong domestic demand resulted in an upside in steel prices.
News ID: 7748 Publish Date : 2019/11/23
Indian spot steel trades remained limited during the week-47 (16-23rd Nov'19). Participants mentioned that, inquiries were less than the average, however due to sufficient orders in hand, the producers have slightly change their offers.
News ID: 7747 Publish Date : 2019/11/23
Indian steel prices drop further during the week-46 (9-16th Nov'19) on account of poor lifting and lessened inquiries. As per mid sized mills, this week demand was not upto the mark, hence the prices drop slightly.
News ID: 7601 Publish Date : 2019/11/16
The European steel market continues to be affected by uncertainty over the future of global steelmaker ArcelorMittal's Taranto plant in Italy, after the company denied claims that it will continue to operate the former Ilva operations until May.
News ID: 7460 Publish Date : 2019/11/14
Indian Steel prices were down trend during the Week – 43 (19-26 Oct'19) over limited trade activities. As per producers, the market observed short pause amid ‘Diwali’ festive holidays.
News ID: 7109 Publish Date : 2019/10/26
Prices of Ferro Silicon have remained stable for the past two weeks despite the weakening of the steel market. However, such stability in prices is attributed to the lower stocks with the producers. Ferro Silicon prices have been hitting low for quite some time now and are the lowest in the past three years.
News ID: 7087 Publish Date : 2019/10/24
Indian Billet & Sponge iron prices slightly fluctuated by INR 100-300/MT today amid average spot trades.
News ID: 7046 Publish Date : 2019/10/22
US export coking coal prices edged down today as negative signals from the steel market and the stalled Asia-Pacific price recovery weighed on negotiations.
News ID: 6880 Publish Date : 2019/10/23
Indian spot steel trades remained limited during the week-41 (5-12th Oct'19). As per mid sized mills in major locations, inquiries & production both less than the average, hence there was slight change in prices.
News ID: 6865 Publish Date : 2019/10/12
This week Chinese steel prices exhibited downtrend over volatile futures. However, the nation’s export offers remain largely stable post holidays.
News ID: 6862 Publish Date : 2019/10/12
In week-40 (28th Sep - 5th Oct’19) Indian steel prices in secondary market continued to fall owing to lack of domestic & export inquiries. Major mills announced roll over in finished steel prices for Oct'19.
News ID: 6790 Publish Date : 2019/10/05
EU iron ore imports fell to their lowest monthly level since mid-2009 in August as weak steel market conditions pressured operations. Some mills are considering further adjustments to the balance of their ore burdens in order to contain costs.
News ID: 6721 Publish Date : 2019/10/18
This week Chinese steel prices tumbled in the domestic market in line with lenient winter production cuts and anticipation of increased production by year end. Thus increased inventories and slowdown in buying activities resulted to decline in domestic steel prices.
News ID: 6478 Publish Date : 2019/09/21
Finished long steel demand with medium scale mills in India has slightly improved resulting in recent spike in price range, as per weekly comparison.
News ID: 6459 Publish Date : 2019/09/12
Indian Silico Manganese Prices went further down in line with low demand and bearish Steel Market sentiment. Demand is weak in both domestic as well as global markets. Producers are selling at much lower levels to clear their inventories. It is mostly a buyer’s market now, as buyers are negotiating aggressively and the producers are under severe selling pressure.
News ID: 6452 Publish Date : 2019/09/11
This week Chinese steel prices witness significant fall in the wake of volatile futures along with intensifying US-China trade war. Also in the beginning of this week Yuan depreciated against USD which lead to further fall in domestic prices.
News ID: 6373 Publish Date : 2019/08/31