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Japan's Apr carbon steel sales decline for eighth month

The decline may be partially due to the logistics disturbances triggered by the COVID lockdown in Shanghai over April-May, as some makers were compelled to decrease their operations with the hold-up in elements shipments. " Although the lock...


Steel mills table 1st coke price cut by Yuan 300/t

Some steel mills based in Tangshan city of North China's Hebei district proposed the coke price alteration on the night of June 19 and also even more steel mills did the same later. The action was understood as steel mill's counteraction ver...


NBS: China's May ROM iron ore output climbs 14% on month

Over January-May, China created a total amount of 423.9 million tonnes of ROM iron ore, or having pushed up by 0.2% on year after the 0.9% on-year dip for the initial 4 months, according to NBS data. Last month, the country's top four iron o...


India: Iron ore export negotiations underway on active suppliers

Price signs for Indian origin Fe 57% fines are heard at around $80-90/ t CFR China. With the reducing of price cuts for low-grade ore, costs have discovered some support. On the various other hand, SteelMint's evaluation for Fe 57% penalties...


Japanese rebar prices set to rise on higher extra charges

Since Tuesday early morning, deals for SD295A 16-25mm rebars in Tokyo were transacted at Yen 121,000-123,000/ tonne ($ 896-910/ t), unchanged considering that late April, after increasing by regarding Yen 25,000/ t considering that January,...


POSCO, Hancock Prospecting sign MoU for HBI, metals

The agreement was authorized Monday in between POSCO Team chairman, Choi Jeong-wo, as well as Gina Rinehart, executive chairwoman of Hancock Prospecting, throughout Choi's check out to western Australia. The tactical positioning as well as c...


Turkey: Lower bids weigh on imported scrap prices

SteelMint's price evaluation for USA-origin HMS 1& 2 (80:20) goes to $378/t CFR basis, down significantly by over $40/t w-o-w. In a recent deal, a cargo including 33,000 t of HMS (80:20) and 7,000 t of PNS of EU-origin was booked at an ordin...


Taiwan's Feng Hsin trims rebar, scrap prices

With the most up to date adjustments, the mini-mill is providing its 13mm dia rebar at TWD 22,600/ tonne ($ 762/t) EXW for company discussions till this Friday, down TWD 700/t from the previous week, according to the official. Its purchasing...


Taiwan CSC's steel list prices for July sales down further

The considerable fall in CSC July listing prices was generally blamed to the decrease popular from local as well as overseas buyers, motivating the steel giant to lower its market price for significant steel items again, to partially show th...


Shagang cuts steel scrap buying prices 3rd time in June

The mill, headquartered in Zhangjiagang, East China's Jiangsu district, has actually minimized its purchasing rates by a total amount of Yuan 200/t considering that June and is paying Yuan 3,670-3,680/ t for domestically-produced HMS quality...