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Indian steel industry to break free of perpetual cyclicality

However the inquiry remains whether the steel sector in India will ever before appear of the cyclicality that characterises it by becoming a continuously growing industry, as imagined in the National Steel Policy 2017? Acid examination for i...


CISA: Members' early July daily steel output at 3.5-mth low

The everyday result in early July was likewise 2.9% less than the exact same duration in 2014, according to the launch. Market resources attributed this outcome to the fact that more residential mills began maintenance job or checked their m...


NBS: China's June CPI goes up 2.5%, PPI rises 6.1%

Last month, the pandemic circumstance in China had alleviated gradually with the country's effective COVID control procedures, and the national supply of need items was adequate, both of which added to the moderate development of CPI, noted...


Vietnam: Ferrous scrap imports drop nearly 30% in H1

The imported market softened amid low purchasing rate of interest from downstream users and also bearish steel market beliefs, while enough scrap supply resulted in a decrease in imports. On an annualised basis, too, the nation's imports dro...


Vietnam: Formosa Ha Tin lowers HRC prices for Sep sales

SteelMint analyses complying with variables behind the cost decrease- 1. Decrease in imported HRC rates: China's HRC export provides for Vietnam dropped by $75/t m-o-m to $670/t CNF in early-July from $755/t CNF Vietnam during early-June. 2....


Nippon Steel starts trials on new EAF at Hirohata

The brand-new EAF, the very first the incorporated mill has mounted, has actually a ranked capability 60,000 tonnes/month and also is readied to produce top quality steel items such as electrical sheets. It is replacing the existing Scrap Th...


UPDATE: Shagang cuts scrap prices by another $15/t

With today's cut, Shagang has actually reduced its scrap procurement rates by an overall of Yuan 400/t up until now this month or Yuan 820/t in total since June 14, and now is paying Yuan 3,000-3,060/ t for domestically-sourced HMS quality s...


India Jun HRC-CRC spread down 50%, automotive may support

Early morning Short: The spread in between the benchmarked warm rolled coils (HRCs) and also chilly rolled coils (CRCs) has dropped almost 50% in the last one year, exposes data preserved with SteelMint. From a record high of over INR 16,000...


Japanese rebar prices flat, risk of decline looms

As of Monday early morning, bargains for S295A 16-25mm rebars in Tokyo were transacted at Yen 121,000-123,000/ tonne ($ 883-898/ t), unmodified considering that late April after they would certainly leapt by regarding Yen 25,000/ t from Janu...


Japan's new ship orders down 24% in Jun, but steel demand stable

Japan's brand-new ship orders in June were 35.9% greater on month, and also those for January-June were down 19.2% on year to regarding 7.46 million GT, the JSEA data showed. The JSEA official connected the on-year decline in June to the hig...