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Indian HRC export index down $23/t WoW on limited buying interest

Indian HRC export index dropped by $23/t in the abroad trade platform this week. Limited acquiring interest in Vietnam and also the UAE considered on the deals from Indian steel mills. It ought to be remembered that Indian mills are providin...


Global seaborne steel prices at 18-m low. What are the driving factors?

Early morning Quick: Global seaborne steel rates from major exporting countries like China, India, Vietnam, Russia etc have actually shown a m-o-m decline in June, 2022, exposes information kept by SteelMint. In truth, these costs go to abou...


Vietnam: Ferrous scrap imports climb over 10% m-o-m in May

Market sentiments declared as a result of boosted finished steel need in the domestic and overseas markets. Raised steel intake, combined with brand-new infrastructure tasks, including civil construction, supported scrap imports. Significant...


Indian steel exports stable in May; but June-July volumes may drop

Early morning Short: Indian steel exports stayed mainly stable m-o-m in May, 2022 at concerning 1.50 million tonnes (mnt). Finished apartments showed a negligible increase to 1.06 mnt in May against 1.04 mnt in April. Similarly, longs inched...


WEEKLY: Japan H2 scrap prices dip for 7th week on active delivery

On June 17, Japanese mini-mills in the Kanto region around Tokyo paid Yen 54,000-55,000/ t for H2 grade scrap, down Yen 500/t on week, making the complete decline over the last 7 weeks reach regarding Yen 12,500/ t, according to resources. "...


Nippon Steel keeps H-beam prices flat for June spot sales

Nippon Steel Structural Shapes, Nippon Steel's subsidiary in Wakayama in western Japan, has also surrendered its H-beam prices for this month, with reducing approval or orders by 30% contrasted to those in May due to the fact that of its sch...


Japan May crude steel output down for fifth month by 4.2%

Japan's May crude steel outcome was 7.9% greater on month, as well as the main described it was partly as a result of the truth that there were even more business days in the month and as a result of the reduced base in April. The country's...


Shagang cuts $18/t off scrap prices on bearish market

Shagang, headquartered in Zhangjiagang, East China's Jiangsu, has actually reduced its steel scrap procurement costs four times by a total of Yuan 320/t over June 14-21, Mysteel Global noted. And the current cut has decreased Shagang's buyin...


Taiwan's CSC lifts flat prices by $73-110/t to Japan for Aug-Oct

CSC's walking puts on hot-rolled coil (HRC), cold-rolled coils (CRC) galvanized sheets as well as plates. The firm last added Yen 15,000-20,000/ t for exports to Japan in the current quarter, as reported. " Our sales to Japan are Yen-based,...


ISSF: World's Q1 crude stainless output down 3.8% on year

Amongst the globe's significant generating nations and also continents, production of the united state saw the sharpest on-year decline of 8.8% to 569,000 tonnes over January-March, according to the ISSF data. As the largest stainless produc...