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Global output among Japan's carmakers dips again in May

Among the total, production at assembly plants across Japan in May decreased by 15.9% on year and also by 27.7% from April, the information reveal. Some manufacturers were forced to cut their result substantially after disruptions to logisti...


Japan's imported stocks of flats up 6% on month in May

The information assembled by the Japanese trading home since September 1991 have been a vital sign of the nation's demand for imported carbon steel flats to market participants, Mysteel Global notes. A Tokyo-based flat steel trader observed...


Weak demand weighs on China's graphite electrode prices

As of Wednesday, Mysteel's benchmark price for 600mm UPH grade electrodes in East China's Jiangsu district had actually decreased by Yuan 1,000/ tonne ($ 149.3/ t) on month to Yuan 28,000/ t, while the rate of 350mm diameter electrodes, like...


India: Steel, raw material prices drop in Jun. What to expect in Jul?

Early morning Brief: Steel prices continued their sag in June after revealing a relentless northward motion before April. Iron ore and also pellets took the hardest strike from the export responsibilities. Coal damaged its resistance barrier...


Japan's prices of carbon flats rise slowly on producers' hikes

On Wednesday early morning, deals for SS400 quality 1.6 mm thick human resources reduced sheet (1,219 x2,438 mm) were transacted in Tokyo at Yen 131,000-133,000/ t, and also those for SPCC grade 1mm thick CR reduced sheet (914x1,829 mm) were...


India: Billets export market remain inactive in absence of firm bids

An Indian mill had drifted an ocean sale export tender for 18,900 t of prime mild steel non-alloy concast billets (125x125x9000/12000 mm, 4SP/5SP) with due day for the tender as 27 June 2022, and the distribution set up for 31 August. Accord...


WEEKLY: Global ferrous scrap offers rebounds this week

Turkiye prices rebound after hitting 2-years reduced: Turkiye's imported scrap rates have actually rebounded today after striking a two-year reduced after steelmakers proactively booked scrap from Europe, the US, and Baltic regions. Around t...


India: Steel ministry identifies 38 projects under PM Gati Shakti

Planned development of train lines, creation of brand-new inland waterways, roadways, ports, gas pipeline connectivity and also airports/airstrips will certainly cause creating much-needed logistics service. This, subsequently, will drive th...


What lies in store for Indian steel sector in July?

Morning Brief: The steel industry, in June, continued to reel under the after-effects of the export tasks slapped from 22 May, 2022. Prices fixed downward by around 10% as the marketplace stayed plain throughout the month with both residenti...


WEEKLY: Japan H2 scrap prices fall for 9th week by another $15/t

On July 1, Japanese mini-mills in the Kanto region around Tokyo paid Yen 49,500-51,000/ t for H2 grade products, down Yen 2,000-2,500/ t on week as well as marking the initial time to below Yen 50,000/ t because October 2021. The total decre...