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India: Godawari Power & Ispat Concludes 50,000 MT Pellet Export Deal to China

24 June 2019 - 16:24
Central India based pellet maker - Godawari Power & Ispat has recently concluded pellet export deal to China, SteelMint learned. Deal for 50,000 MT iron ore pellets (Fe 64%, less than 2% Al) has been concluded at around USD 133-134/MT, CFR China (equivalent to USD 123-124/MT, FoB India). The cargo is likely to be shipped in Jul'19.

India: VIZAG Steel Concludes Export Tender to Nepal

24 June 2019 - 16:16
State-run Vizag Steel also known as Rashtriya Ispat Nigam Ltd (RINL) has concluded its Wire Rod & Billet Export tender to Nepal.

Japan: Tokyo Steel Observes Further Price Cut for Scrap Purchase

24 June 2019 - 15:26
As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has again lowered the domestic H2 scrap purchase price by JPY 1000/MT (USD 9) at Kyushu works in western region, and by JPY 500/MT for its other 4 works, amid very weak sentiments in the domestic market. The new prices for all grades shall be effective from tomorrow (21st Jun'19).

Vietnam Steel Mill Books 10,000 MT HRC from China

24 June 2019 - 15:21
SteelMint in conversation with its market sources learned that Vietnam based steel mill booked HRC from China for July end or early August shipments.

India: Ferro Silicon Prices Unchanged amid Improving Demand

24 June 2019 - 15:06
Indian Ferro Silicon prices remained unchanged W-o-W basis in the domestic market. However, demand is picking up in the domestic market, and the producers are now slightly relieved given the market condition for the past few weeks. Although, the demand for Ferro Silicon from overseas markets is still missing.

India: Finish Long Steel Imports Climb 37% in May'19

24 June 2019 - 14:57
Indian Finish long steel imports increased by around 36.5% M-o-M in May’19, as per recent released custom data maintained by SteelMint.

34% Decline in Iran's Non-Oil Trade With UAE

23 June 2019 - 22:53
Iran traded 903,607 tons of non-oil commodities worth $568.38 million with the UAE during the first Iranian month (March 21-April 20), registering a 32.7% and 34.15% decline in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.

Russia Says Willing to Help Iran Export Oil

23 June 2019 - 22:29
Russia is willing to step in to help Iran export its oil while the country is struggling to keep the oil flowing due to the new US sanctions.

Oil in Floating Storage Hits High

23 June 2019 - 22:25
Crude and condensate in long-term floating storage hit its highest since August 2017 in May at 24 million barrels, as US sanctions against Venezuela and Iran hindered the ability of the OPEC members to export, data from analytics firm Vortexa showed.

OEMs a barrier in transition to autonomy in mining — report

23 June 2019 - 22:20
As the mining sector strives to secure safety improvements, productivity gains and other benefits offered by a fully autonomous mine, a new report, Accessing the Fast and Furious Pace of Autonomy to Transform Mining by Clareo and Twin argues the closed and proprietary systems of the major original equipment manufacturers (OEMs) are a barrier.
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