Iron and Steel

Mining News Pro - Indian Iron & Steel prices remain on down trend during the week-41 (8th-13th Oct`18) on slack demand. As per participants, the buyers have lower their purchases due to constant fall in prices amid festive mood.

Mining News Pro - This week Chinese steel prices witness gains in domestic market post golden week holidays.However export offers continued to remain on lower side.Flat steel and rebar export offers remain steady over dull trades.Coking coal offers inch up on weekly basis.

Mining News Pro - The head of the Ministry of Transportation and Road Administration of the city of Mobarakeh announced the return of the process of loading of steel products and products of the city`s cement industry.

Mining News Pro - Managing Director of Khuzestan Steel said three strategies of Khuzestan steel company that was drawn to the company last year: The three strategies include the completion of the value chain in upstream, downstream and development projects.

Mining News Pro - Hormozgan Steel has announced a massive change in the forecast of earnings per share this year, with the release of information on the Kodal system.

Mining News Pro - On Thursday, Canada unveiled new quotas and tariffs on imports of seven categories of steel from majority countries, exempting few in the light of the potential rise in steel imports post U.S. steel tariffs announcement in Mar’18.

Mining News Pro - Finished steel exports witnessed decline by 3% in Q3 CY18 amid upcoming production cuts and high domestic prices.

Mining News Pro - Iran, one of the largest producer of DRI in world has witnessed an increase in DRI production. Major steel manufacturers of Iran has produced 11,276,598 MT DRI during first six months of current Persian year (21 Mar- 22 Sep’18). Production was up by around 19% Y-o-Y.

Mining News Pro - Vietnam has become ASEAN (Association of South East Asian Nations) region’s top steel exporting country with its steel exports recording a rise of 41% at 4.5 MnT in first eight months (Jan-Aug) of 2018 against the corresponding period of previous year.

Mining News Pro - Monnet Ispat ramps up production post acquisition by JSW steel. Company plans to sell 100,000 MT Pellets and 40,000-50,000 MT DRI per month in merchant market from November onwards.

Mining News Pro - According to the customs data maintained with SteelMint, Indian pellet exports have registered rise of 7% to 1.96 MnT in Q2 FY`19 against 1.83 MnT in Q1 FY`19.

Mining News Pro - Iran, one of the largest billet exporter in MENA region has exported 1,790,224 MT billet and bloom during the first five months of current Persian year (21-Mar till 22-Aug’18). As per the data released by Iranian Customs, export of billet during the period was reportedly up by 42% Y-o-Y against 1,258,094 MT during the same period of last Persian year.

Mining News Pro - 9 national projects and projects include Shahid Beheshti, Chabahar-Sarakhs railway, Petrochemical, Steel, water supply to 400 villages and health, construction and sports projects for the development and development of the most important and strategic city of Chabahar.

Mining News Pro - Tata Steel- one of India’s major steel maker has registered growth of 3% Q-o-Q basis in its its standalone crude steel output to 3.27 MnT in Q2 FY19 as compared to 3.18 MnT in Q1 FY19.

Mining News Pro - Indian steel major, Tata Steel has released its provisional crude steel and sales numbers and while the company`s India performance has improved, its Europe and South East Asia operations have recorded a drop y-o-y basis in their crude steel and sales output in Q2 FY19.

Mining News Pro - Today Pakistani Rupee (PKR) depreciated again by almost 7-8%, hitting record low of 137-138 levels against USD which was at around 124-125 a day earlier as per forex.

Mining News Pro - Iran, one of the largest billet exporter in MENA region has exported 1,790,224 MT billet and bloom during the first five months of current Persian year (21-Mar till 22-Aug’18). As per the data released by Iranian Customs, export of billet during the period was reportedly up by 42% Y-o-Y against 1,258,094 MT during the same period of last Persian year. GCC and Far East Asia was the major destination for Iranian billet.

Mining News Pro - Indian Steel prices were down trend during the Week -40 (1st-6th Oct`18) over limited spot trades amid robust supply. However by the end of week, the prices have started to gain momentum with better demand from the domestic mills.

Mining News Pro - Following hike in HRC,CRC prices in beginning of this week,major Indian steelmakers have increased PPGI prices by around INR 1,250-2,000/MT in domestic market.

Mining News Pro - Abbas Khatibi Soltari Deputy Minister of Construction and Development of Railways, Ports and Airports of the Ministry of Roads and Urban Development, along with representatives of Khatam-ol-Anbia`s construction site and a group of managers and experts of the Ministry of Roads and Urban Development while visiting the production line of molten rail Esfahan steel company met with the managing director and other officials of the company, Mansur Yazdizadeh.

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