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Steeling is Basic
Steeling is Basic

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This week China’s steel market showed the upward momentum this week.Iron ore prices bounce back amid strong futures and sustained demand in domestic market.Flat steel and rebar export offers moved up on weekly basis.Coking coal price also increased…

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In a move that could drastically alter fundamentals of International steel and scrap trade, the Tariff commission of the Chinese State Council on December 15, announced a reduction of export duties on many steel products and a complete removal of such…

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This week importers in Turkey witnessed slowing down in scrap buying activities but prices remained mostly firm without major change on W-o-W basis. Likely, prices in all other major scrap markets remained strong amid unavailability and strong demand.…

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As per the Iranian Mines and Mining Industries Development and Renovation Organization’s (IMIDRO) latest report, Iran produced around 25 MnT iron ore concentrate in first 8 months of current Persian year (21 Mar-21 Nov’17). Production was up by 18% Y-o-Y…

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The Bulk Freight Rates have remained high, mainly driven by the stronger demand emanating from the shipments of Thermal Coal and Iron Ore to China. Shipments of the commodities have increased in that country as the winter season is traditionally a…

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India remains the 3rd largest flat steel importer from South Korea after China and Japan. India occupies nearly 11% share in South Korea’s flat steel exports. As per latest customs data, South Korea flat steel exports which includes 7208 (HR coils…

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Japanese rally for scrap prices continues further amid strong demand. Recently Hyundai Steel has raised its scrap purchase bid however South Korean mills have already placed scrap purchase bids higher than the bid placed by Hyundai Steel. South Korea’s…

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South Korea one of the major billet importer has imported about 120,000 MT Billet in November 2017, the trade statistics released by the South Korean custom reported. The nation’s monthly imports for Billet are almost firm in November 2017, which is being…

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The emphasis of the Indian government on usage of domestically produced Petcoke in the country is clear. The government has increased by Basic Customs Duty on imports of Petcoketo 10% with immediate effect from 2.5% earlier. The raise in the duty has…

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As no roadmap is ready to decide the fate of 16 merchant mines in Odisha due to lapse by March 31, 2020, the future of such leases with a combined iron ore production capacity of 66 million tonnes annually is at stake. According to the provisions of the…
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