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China mills eye cheaper iron ore products to cut costs

According to Mysteel's information, as of May 20 the gross profit on billet sales that integrated steel mills in Tangshan, China's top steel production city and also billet supply base, had been making formerly rolled by an additional Yuan 9...


Japan's Apr imported flat stocks unchanged, but still high

The data put together by the Japanese trading house considering that September 1991 have been a key sign of the nation's need for imported carbon steel apartments to market individuals, Mysteel International notes. The Hanwa officials that a...


JISF: High input costs a serious concern for mills

Kitano, also president of JFE Steel, the second biggest integrated mill in Japan, said greater manufacturing costs-- particularly for metallurgical coal-- are coming to be a significant concern for participants which the organization will ce...


Vietnam: Domestic mills steeply reduce HRC offers

The imported HRC market in Vietnam reduced this week after domestic steel majors Formosa Ha Tinh and Hoa Phat considerably decreased costs for warm rolled coils (HRCs) (SAE1006) for July as well as early-August sales last weekend. Formosa Ha...


Mongolian coal shipments to China via Ceke Port restart

Ceke Port, the third-largest land port in Inner Mongolia as well as a significant avenue for China's imports of Mongolian coal including thermal as well as 1/3 coking coal, was shut from mid-October 2021 under rigid safety nets applied by th...


India pig iron prices at 3-m low under export duty impact

Early morning Quick: Indian pig iron rates have actually fallen to their three-month lows, post-the federal government's slapping of the 15% export task, discloses data kept with SteelMint. The current criteria Durgapur analysis shows that s...


NSSC hikes rod price further for May-Jun over higher alloy

NSSC last included Yen 50,000/ t to its 300-series rod prices for March-April as a short-lived step to avoid possible threats with the rise in alloy costs by shortening the price term from three months to 2 months, as reported. " We'll conti...


Indian pellet market turns quiet post-export duty levy

There are currently no company uses from Indian players as they have actually adopted a 'wait & enjoy' technique. Thinking about a tentative rate suggestion of $155/t CFR China for Fe 63% pellets, the ex-plant realization will certainly stan...


Japan Apr carbon steel exports up 2nd month by 7.7% YoY

Japan's export volumes of carbon steel completed products were 13.1% reduced on month as a result of active shipping in March in the direction of the end of the fiscal year. The JISF data showed that Japan's carbon steel exports over January...


Shagang cuts steel scrap buying prices by another $15/t

With Wednesday's cut, Shagang has actually minimized its scrap purchase prices by a total of Yuan 200/t up until now this month, as well as now is paying Yuan 3,820-3,880/ t for the domestically-sourced HMS quality scrap in terms of shipment...