Less than a year after the publication of Seven’s first brochure for the aluminium industry, satisfied customers in several countries have been won. Deliveries have gone to Germany, Italy, the Slovak Republic, Russia, and Taiwan.
Marco Tonidandel, Business Development Manager at Seven explains: “More customers trust our products as they were convinced by the performance of products and because they appreciate the completeness of our product range, it allows for custom solutions for each type of furnace or process.”
The choice of the optimal refractory solution for these manifold applications is crucial in order to ensure furnace performance and longevity. In recent months, Seven has signed on several customers in Southern, Central, and Eastern Europe as well as Asia.
“Over the last years we have become an important and widely known supplier for the steel and iron industry in Russia”, says Roman Cheglov, Managing Director Seven Russia. “We are therefore proud and happy to expand our activities also to aluminium production. It is typical for the speed of Seven Refractories that the first sales comes before we even had a chance to translate the aluminium brochure into Russian.”
As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has lowered the domestic H2 scrap purchase price by JPY 500/MT (USD 5) at all five works in Japan. New prices for all grades shall be effective from tomorrow (15th June'19)
Amid falling Indian domestic sponge prices & decline in Bangladesh imported scrap prices, Indian sponge iron export offers have come down by USD 10-15/MT in recent deals reported, as per assessment made by SteelMint.
SteelMint learned from industry participants that Indian imported scrap prices inch down on a weekly basis in limited deals reported. Following continued global price fall, Indian scrap importers remain majorly cautious before buying actively amid weakening local semi-finish prices and still subdued finish steel demand.
As per the recent data released by NBS (National Bureau of Statistics), Chinese crude steel output records new high in May’19 at 89.09 MnT.
The two key raw material for steel production, Iron Ore and Scrap prices are moving in opposite directions. The Vale disaster at the Brumadinho tailing dam in late January this year has led to a cut in iron ore supplies, and a spike in spot prices making them to hit five years high, leaving no margins for blast furnaces.
In the latest conversation with market sources based in Bangladesh, SteelMint analyzed that imported HRC offers to Bangladesh from China witnessed significant decline by USD 20-25/MT in last couple of weeks. Bangladesh market has opened this week after Eid holidays.