Supramax rates will likely come under pressure in 2020 amid expected lower Chinese demand for grain imports and high dry bulk fleet growth.
News ID: 8175 Publish Date : 2019/12/31
Spanish integrated firm Repsol further reduced its exposure to its upstream business in Venezuela in the third quarter thanks to a small provision and a rise in crude receipts from the country.
News ID: 7118 Publish Date : 2019/11/04
California-based rolling mill Kaiser Aluminum expects profit in the fourth quarter to be on par with a year earlier, as impacts from the General Motors (GM) strike, weaker industrial demand and seasonal slowdowns counter momentum from strong aerospace demand.
News ID: 6956 Publish Date : 2019/10/24
Towards the end of this week imported HRC offers to Vietnam witness further slump on the back of continual drop in HRC export offers from China. Thus buyers based in Vietnam are eyeing for lower HRC offers from China and thus continue to keep bidding on lower side.
News ID: 6206 Publish Date : 2019/08/28
SteelMint in conversation with traders based in Vietnam shared that a major Indian steel mill recently booked HRC cargoes for export to Vietnam for Sep or early Oct shipments .
News ID: 6157 Publish Date : 2019/08/25
Gibraltar authorities rejected on Sunday a renewed US request not to release the Iranian oil tanker Grace 1, just three days after the Supreme Court ruled in favour of releasing the vessel seized weeks ago.
News ID: 6043 Publish Date : 2019/08/18
The Philippines’ top exporter of high-grade nickel ore is expected to shut its mining operations soon as ore deposits at a project in the nation’s southernmost province of Tawi-Tawi are nearly depleted, a ministry official told Reuters.
News ID: 6027 Publish Date : 2019/08/18
Australia - world's largest iron ore exporter has recorded fall in iron ore shipment in July’19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 71.03 MnT in July'19, down 7% as compared to 76.31 MnT in June’19.
News ID: 5995 Publish Date : 2019/08/17
Trade sources based in Vietnam shared that few deals of positioned cargoes of major Indian steel mills were reported for Vietnam for Aug -Sep shipments .
News ID: 5968 Publish Date : 2019/08/16
A rise in shipments of iron ore from major Australian mining companies last week is likely to ease Chinese buyers' concerns about supply tightness.
News ID: 5802 Publish Date : 2019/08/06
As per bulk vessel line up data maintained with SteelMint, South Africa iron ore export shipments to India dropped to nil in July’19 as compared to 53,000 MT in June’19. The drop is attributed to availability of comparatively less expensive domestic pellets. Major buyers from west India and south India have shifted to pellets. Jindal SAW pellet prices are assessed at INR 8,300/MT, delivered Kandla.
News ID: 5738 Publish Date : 2019/08/05
Iran's Ambassador to Brasilia Seyed Ali Saqqayian warned Brazilian officials that Tehran will review its imports from the Latin American country in case of continued refusal to refuel the Iranian vessels.
News ID: 5444 Publish Date : 2019/07/24
The US subsidiary of Swedish steelmaker SSAB expects steel shipments in the third quarter to remain at similar levels as the prior three months.
News ID: 5348 Publish Date : 2019/07/20
Australia - world's largest iron ore exporter has recorded rise in iron ore shipment for second quarter CY19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 222.49 MnT in Q2 CY'19, up 18% as compared to 187.91 MnT in Q1 CY'19.
News ID: 5300 Publish Date : 2019/07/18
Vietnam’s domestic steel producer - Formosa Ha Tinh has today announced its monthly revision in its steel prices. The company has raised its HRC offers sharply by USD 25/MT for Sept shipments .
News ID: 5298 Publish Date : 2019/07/18
As per updates received from sources, 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 70-100/MT (USD 10-15) effective from today (29th June’19). The specific prices shall be based on the price of 2019-F10.
News ID: 4981 Publish Date : 2019/07/02
Chinese HRC export offers lift over gains in domestic market- This week Chinese HRC export offers moved up by USD 10-15/MT after witnessing continual decline since last few weeks owing to pessimistic sentiments prevailing in domestic market.
News ID: 4958 Publish Date : 2019/07/01
Indian HRC import prices from Japan decline in recent bookings concluded- SteelMint recently learned from market sources that Indian based stockist have booked 20,000 MT of HRC with major steel company based in Japan at around USD 525/MT CFR basis for July shipments .
News ID: 4858 Publish Date : 2019/06/20
Indian HRC import prices from Japan decline in recent bookings concluded- SteelMint recently learned from market sources that Indian based stockist have booked 20,000 MT of HRC with major steel company based in Japan at around USD 525/MT CFR basis for July shipments .
News ID: 4857 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