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China’s Tangshan City Orders New Production Cuts from 8 January 2018

15 January 2019 - 20:37
SteelMint has heard from its sources that, North China's Tangshan, the country's largest steel-producing city has launched ‘Level II Emergency Response to Heavy Pollution Weather’.

India: Rungta Mines to Set Up Two Steel Plants

15 January 2019 - 20:34
In a step towards forward integration, leading merchant miner Rungta Mines Ltd (RML) has firmed up plans to install two integrated steel plants in iron ore-laden Keonjhar district with a combined investment of Rs 3500 crore.

Nepal Based Importers Exploring Options from China and Middle East

15 January 2019 - 20:22
Indian mills to suffer as Nepal based importers are exploring options from China and Middle East amid price competitiveness.

Imported Scrap Prices Fall in Recent US Deal Reported

15 January 2019 - 20:12
SteelMint learned in recent conversation with market participants that Turkey-based steel mills have resumed scrap booking from the US after almost a six weeks' of silence. US origin HMS 1&2 prices moved down sharply by around USD 49-50/MT as against last the US deal reported on 23rd Nov'18.

China’s Graphite Electrode Prices remain Stable W-o-W

15 January 2019 - 20:10
China’s graphite electrode (GE) prices that have been continuously falling since mid-Nov’18 have turned stable this week amid the positive sentiments in country’s steel market due to the liquidity boost announced by the Chinese government.

Imported Scrap Prices Edge Down; Local Steel Market Stable

15 January 2019 - 20:05
SteelMint learned in recent conversation with market participants that local steel prices in Pakistan have stabilized now. Imported scrap prices have edged down in minor trades reported. Buyers seem interested however stand in 'wait and watch' mode in order to have more clarity on global scrap prices with anticipation of further correction in the near term.

What is Driving Indian Billet Prices to Fall?

15 January 2019 - 19:55
Indian domestic billet prices drop by INR 400-1,000/MT(USD 6-14) in last one month. Current prices for induction grade billet (which is more popular in merchant market) hovers at INR 32,600/MT (USD 466) ex-Mumbai.

Silico Manganese Prices Fall in Domestic Market

15 January 2019 - 19:52
Steel manufacturers are going through tough times as the margins which effects the demands of Silico Manganese. Moreover, global demand also suffers because of Christmas holidays in December. Although, lower prices of Manganese Ore have brought the producers some relief, during the sluggish market conditions.

Fortescue narrows February iron ore discounts

15 January 2019 - 14:20
Australian iron ore producer Fortescue Metals has further narrowed discounts on its major products for February delivery, as demand for low-grade ores continues to be strong in the Chinese market.

Fives & Steel Dynamics ignite a preferred partnership

15 January 2019 - 14:07
Fives, a global industrial engineering group, was awarded a contract by Steel Dynamics, Inc (SDI), one of the largest steel producers in the United States. This is the second SDI contract awarded to Fives in 2018.
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