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India's Jun pellet prices drop by up to 26% on subdued sentiment

SteelMint's pellet index, PELLEX, dropped dramatically by INR 2,090/ t m-o-m to INR 10,020/ t/ t exw-Raipur in June as against May. Costs throughout key markets- Raipur: The month-to-month average Fe 63% pellet prices dropped by INR 2,380/ t...


Nippon Steel rolls over H-beam prices for July domestic sales

Nippon Steel Structural Shapes, Nippon Steel's subsidiary in Wakayama in western Japan, has additionally kept its H-beam prices for this month the same. As well as it intends to lower about 30% of approval of orders contrasted to those in Ju...


Vale's production and sales table for Apr-Jun

Production as well as sales recap (Device: '000 tonnes) Notes:-LRB- 1) Including 3rd party purchases, run-of-mine and also feed for pelletizing plants. Excluding Midwestern System quantities.( 2 ) Consisting of third-party purchases and also...


Kyoei Steel keeps rebar base prices unchanged for Aug sales

Kyoei, a mini-mill based in Osaka in western Japan, has been declaring the increase in production expenses as well as last tabled Yen 120,000/ tonne ($ 867/t) for base rebar rates for May sales by including Yen 10,000/ t and afterwards kept...


NBS: China's ROM iron ore output drops 2.9% YoY in H1

For June alone, China produced an overall of 98.7 million tonnes of ROM iron ore, up 9.2% on year however just by a tiny 0.92% on month, according to NBS. Throughout the very first few months of this year, miners in some regions, especially...


Japan's May domestic carbon steel sales down for ninth month

The decrease might be partly due to the unpredictabilities amidst the recurring Russia-Ukraine conflict, however also due to logistics interruptions brought on by the COVID lockdown in Shanghai over April-May, which had caused the hold-up in...


NSSC cuts Jul-Aug 300-series rod prices but lifts 400-series

NSSC last added a large Yen 155,000/ t for 300-series poles and also Yen 25,000/ t for 400-series for May-June sales. As well as the overall increment for 300-series until June because September 2020 had actually gotten to Yen 360,000/ t and...


Turkiye's imported scrap offers edge down on weak buying appetite

Fresh deals from the distributors are lacking until now, considering the present market situation. SteelMint's cost evaluation for US-origin HMS 1& 2 (80:20) goes to $385-390/ t CFR, down by $10-15/ t w-o-w. Market introduction Regional scra...


Vale cuts '22 iron ore output guidance to 310-320 mln t

For the quarter of April-June, the Brazilian mining giant created around 74.1 million tonnes of iron ore fines, climbing by 17.4% on quarter however down 1.2% from the previous year, with the record citing the strong performance at its South...


Shagang cuts longs prices by $44/t for late July

With the new price cuts, Shagang is currently offering its HRB400 16-25mm dia rebar at Yuan 4,500/ t, its HPB300 6-10mm high-speed wire rod at Yuan 4,510/ t as well as HRB400 8-10mm bar-in-coil at Yuan 4,600/ t. All costs include 13% VAT as...