25 September 2018 Time: 23:17
US hot-rolled coil prices stabilised somewhat this week as lead times at one recently-aggressive seller nudged up a touch to four-five weeks.
25 September 2018 Time: 21:36
Steelmaker ArcelorMittal expects high met coke production in North America to support coking coal markets through 2019, and has questioned the potential for a longer-term material shift in consumption on sustained peak steel prices.
25 September 2018 Time: 19:44
Kansai Tetsugen is an association of scrap dealers around Osaka region in Japan. It conducts monthly scrap export tender through which usually around 5,000-10,000 MT of H2 scrap get auctioned in Japan. As per updates received on this, Kansai scrap tender has conducted yesterday (21st Sept) for this month.
25 September 2018 Time: 19:27
According to the SteelMint sources, the gains in the domestic graphite electrode (GE) prices in China have been extended this week also. The GE prices in the country have moved up by RMB 4,000 -10,000 per tonnes (USD 584 – 1,460/MT) w-o-w basis.
25 September 2018 Time: 19:23
This week observed further increase in prices in deals concluded by Turkish scrap importers amid tight supply. Following this, offers from major scrap suppliers remained strong in global markets to Asian markets like Taiwan, India, Vietnam, Pakistan, Indonesia and Bangladesh.
25 September 2018 Time: 19:20
Esfahan Steel, one of the largest producer of finished long steel of Iran has successfully produced the first 1,000 MT of UIC60 rails which is used in high speed rails. It is to be noted that in the month of Jul’18 ESCO has already produced U33 rails as part of ESCO's commitment to produce 40,000 tons of tracks.