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India: iron ore, pellet exports plunge 62% y-o-y in Jan-Aug'22

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...


EU braces for 3rd annual recession in 4 years

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...


Shagang rolls over long steel prices for mid-July sales

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...


WEEKLY: Global scrap market prices slip amid low steel demand

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...


WEEKLY: Japan's H2 scrap prices rise further by $18-36/t

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...


MONTHLY: Japan's July carbon steel flats stocks down 3%

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...


Have Indian steel prices bottomed out? What's in store for Q2?

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...


Mongolia's new railway to start coal transportation

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...


Japan's H-beam prices up $15/t on supply tightness

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...


Toyota to lift steel prices for its component makers by $285/t

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...