Morning Brief: India's iron ore and pellet exports in January-August, 2022 dove 62% to 13.25 million tonnes (mnt) against 35.09 mnt seen in the same eight months in 2021, exposes data maintained with SteelMint. The share of iron ore over Jan...
Earlier, the favorable trend seen in noticeable steel consumption throughout 2021 proceeded over the first quarter of 2022. Nonetheless, it slowed down owing to the ongoing, extreme global supply chain disturbances, climbing energy costs and...
With the most up to date policy, Shagang's HRB400 16-25mm rebar is still valued at Yuan 4,800/ t, and also HPB300 6-10mm high-speed cord rod as well as HRB400 8-10mm bar-in-coil still stay at Yuan 4,810/ t and also Yuan 4,900/ t respectively...
The global scrap import market saw minimal professions throughout the week. Towards completion of the week deals to Turkiye were wrapped up at a quickly lower price even as a couple of more deals were listened to ended to Vietnam at reduced...
On September 2, Japanese mini-mills in the Kanto area around Tokyo paid Yen 48,000-48,500/ t to gather H2 grade scrap, up Yen 2,500-5,000/ t on week. And also the overall increase since mid-August has actually reached Yen 8,000-9,500/ t, sou...
Nonetheless, the supplies consisting of hot-rolled (HR), cold-rolled (CR) and also covered coils as well as sheets were still 12.6% greater on year, or having actually been over 4 million tonnes for a year, the information showed. A sales au...
Steel rates in India appear to have bottomed out and also additional decrease is not likely, while emerging green shoots of need are expected to maintain costs sustained in the 2nd fifty percent of the year (H2CY' 22), according to signs sup...
The Tavan Tolgoi-Gashuun Sukhait railway is operated by Tavan Tolgoi Train Business and owned by the Mongolian government. The railway building started in 2013, however was stopped in 2015 as a result of moneying concerns as well as it ultim...
As of Tuesday early morning, offers for SS400 grade 200x100mm H-beams were being negotiated in Tokyo at Yen 125,000-126,000/ t, up Yen 2,000/ t on month, as well as the prices were up by Yen 15,000/ t from January, resources verified. A Toky...
The rate increment is believed to be chosen based on the cost negotiation in between Japan's incorporated titan Nippon Steel and also Toyota, which is typically seen as the standard amongst other integrated mills and their lasting agreement...
