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Tenaris grows US pipe presence with Ipsco buy

24 March 2019 - 17:48
Luxembourg-based steel pipe producer Tenaris has agreed to buy US-based Ipsco Tubulars from from Russian steelmaker TMK for $1.2bn.

Delrey to acquire vanadium property in Newfoundland

23 March 2019 - 16:17
Delrey Metals (CSE: DLRY) signed a non-binding term sheet this week with respect to the right and option to acquire an 80% interest to certain mineral licences that comprise the Four Corners project in western Newfoundland, Canada.

Slow Buying Weakens Imported HRC Offers to Vietnam

22 March 2019 - 16:13
Market sources shared with SteelMint that imported HRC offers to Vietnam have inched down this week by USD 5/MT. Disparity between HRC export offers from mills in China, India and lower bids resulted to slowdown in buying activities from Vietnam.

India: Domestic Pellet Trades Weaken Ahead Festive Holidays

22 March 2019 - 16:05
Indian pellet offers have decreased further this week amid decline in sponge prices, lowered pellet buying interest at current offers.

Global HRC Market Overview - Week 12, 2019

22 March 2019 - 15:55
Chinese HRC export offers inch up following strengthening domestic market - Nation’s HRC export offers continue to move in upward direction following increase in domestic prices.

Pakistan: Imported Scrap Prices Stable in Recent Deals

22 March 2019 - 15:47
SteelMint learned in recent conversation with participants that imported scrap market in Pakistan has observed improved buying interest amid improving local market sentiments this week.

Indian Steel Mills Book 35,000 MT HRC from Japan

22 March 2019 - 14:49
As per the recent update received, Indian HRC importers booked around 35,000 MT of HRC from Japan for April shipments via two deals concluded almost 10-days back.

Essar Steel: Iron ore and Pellet Sourcing Up 34% in Feb’19

22 March 2019 - 14:39
Essar Steel - an integrated steelmaker with steel making capacity of 10 MnT p.a. recorded sharp increase in total iron ore & pellet sourcing for the month of Feb’19.

Tug-of-war: China's steel sector grapples short-term bulls, longer-term bears

21 March 2019 - 21:36
China's steel sector, and the imported iron ore upon which it relies, are currently locked in a struggle between largely bearish longer-term structural factors and short-term cyclical influences, some of which are bullish.

Bangladesh: Imported Scrap Market Silent amid Subdued Demand

21 March 2019 - 15:55
SteelMint learned from industry participants that imported scrap market in Bangladesh has observed very limited trades for imported scrap amid subdued demand this week.
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