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South Korea: Iron Ore Imports Down 18% in Feb’19

20 March 2019 Time: 22:51
World's 3rd largest iron ore importer - South Korea has witnessed fall in iron ore and pellet import volumes in Feb’19. The imports witnessed at 5.06 MnT, down 18% as against 6.19 MnT in Jan’19. However, the imports on yearly basis dropped 4% as against 5.26 MnT in Feb’18.

Bangladesh: Ship Breaking Imports Fall Sharply in Feb 2019

20 March 2019 Time: 22:43
Bangladesh- one of the world's largest ship re-cycler and has remained still in the top buyers list of ship breaking scrap in Feb’19. Scrapped ship imports fell to 21 in Feb'19, as per the SteelMint’s assessment.

India: Vizag Steel Floats Billet Export Tender to Nepal

20 March 2019 Time: 22:21
Rashtriya Ispat Nigam Limited (RINL)- the state-owned steel maker under the Ministry of Steel, has invited tender for export of 8,127 MT Billets (3 rakes) to Nepal. The minimum offered quantity for each product is 2,709 MT (1 rake).

JSW Steel: Iron Ore Sourcing Up 53% in Feb'19

20 March 2019 Time: 21:53
JSW Steel - India's largest steel maker total iron ore sourcing at 2.85 MnT in Feb’19. The sourcing witnessed 53% rise M-o-M as against 1.87 MnT in Jan'19. On yearly basis, sourcing increased 19% as against 2.40 MnT in Feb’18.

India Coking Coal Imports Rise by 5.35% in Feb’19; Imports from USA Fall By 19%

20 March 2019 Time: 21:30
Indian metallurgical coal imports have increased by 5.35% to 4.5 million tonnes (MnT) in Feb’19, as compared to 4.27 MnT in Jan’19, as per the latest vessel lineup data compiled by CoalMint Research.

Pellet Inquiries from China Remain Dull as Mills Prefer Low Grade Ore

20 March 2019 Time: 21:17
According to the market participants report to SteelMint, Chinese mills continue to prefer low-grade iron ore which in turn kept inquiries for Indian pellets on the lower side. Even pellet port stocks in China have registered an increase in the last couple of weeks.

Iran to Ship First HRC Consignment of 32,000 MT to India - Sources

20 March 2019 Time: 20:57
As per recent update received to SteelMint, Iran is all set to ship its first consignment of HRC to India. As per the bulk vessel data maintained with SteelMint an Iranian steel mill has shipped 32,000 MT HRC.

Iran: Steel Export by Major Steel Mills Decrease by 22%

19 March 2019 Time: 21:54
As per the data released by IMIDRO, Major Iranian steelmakers exported around 5,089,055 MT of Steel during eleven months of current Persian year (21 Mar 18-20 Feb’19).

India: Silico Manganese Prices Under Pressure Amid Low Demand

19 March 2019 Time: 21:44
Indian Silico Manganese prices remained unchanged for Durgapur. However prices fell by INR500/MT in Raipur amid persistent low demand.

Russia: Raw Material Imports Hindered Amidst Rail Congestion

19 March 2019 Time: 21:36
Russian imports of iron ore, ferro alloys and coal dropped in Jan'19 amidst falling temperature and congestion at rail and port terminals.
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