Dalian iron ore price falls for third session as China steel prices slump

Mining News Pro - Benchmark Dalian iron ore futures fell for a third straight session on Tuesday as a slide in steel prices in China spurred by signs of slowing demand dragged down the raw material.

Rise in cement, steel price worries builders

Mining News Pro - Sharp rise in prices of cement and steel has caused concern among the real estate promoters and those constructing individual houses in the city.

Long Steel Price Gap between Primary & Secondary Mills Widen Further

Mining News Pro - Price gap in Indian long steel products of large and medium/small scale mills widened further as offers through the secondary mills dropped rigorously due to dull demand. Thus the re-rollers increased trade discounts to ease selling pressure.

How FATF Decision Will Impact Iran Steel Prices?

Mining News Pro - Iran failed to comply with international anti-terrorism funding norms following which the the country got black listed by the Financial Action Task Force (FATF) last week on 21 Feb’20.

European Steel Prices Recover as Import Threat Slows

Mining News Pro - European buyers of strip mill products slowly started to partially accept the proposed mill price hikes, in mid/late December 2019.

Pakistan: Scrap Importers Silent on Falling Domestic Steel Prices

Mining News Pro - SteelMint learned in recent conversation with market participants that imported scrap market in Pakistan has turned quiet amid softening local steel prices.

Japan: Tokyo Steel Keeps Steel Prices Unaltered for 9th Straight Month

Mining News Pro - Tokyo Steel Manufacturing Co Ltd - Japan’s top electric-arc furnace steelmaker has kept steel prices unchanged for past 9 months amid increased supply and low demand. Prior to this, company increased steel prices by Yen 2000/MT for the month of Feb deliveries.

Pakistan: Imported Scrap Market Silent on Sharp Currency Depreciation; Steel Prices to Surge

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.

India: JSW Hikes Finished Steel Price for October

Mining News Pro - The steel maker has raised HRC, CRC prices by INR 1,400-1,500 (USD 19-21) and rebar prices by INR 1500/MT (USD 21) for the month of October.

India: SAIL Increased Steel Prices for 2nd Time in September

Mining News Pro - The steel maker has raised prices in rebar along with flat steel by INR 500/MT (USD 7).

Pakistan: Domestic Steel Prices Improve; Imported Scrap Offers Range Bound

Mining News Pro - SteelMint learned in recent conversations with market participants that Pakistan`s imported scrap market hasn’t picked up buying activities in a significant manner yet.

An increase of 75% in iron and steel prices

Mining News Pro - The chairman of the union of iron and steel vendors reported an increase of 75% in iron and steel prices and an increase of more than 100% in prices for iron and steel products, saying that the market for these products is subject to global prices and, on the other hand, is influenced by foreign exchange earnings by exports. And although the surplus of domestic demand is exported, the appetite for export earnings has also affected domestic prices.

Pakistan: Scrap Importers Turn Less Active; Local Steel Prices Stable

Mining News Pro - In recent conversation with market participants, SteelMint learned that Pakistan steel market hasn’t observed active buying for imported scrap despite of stability in offer levels.

Pakistan: Scrap Importers Turn Less Active; Local Steel Prices Stable

Mining News Pro - In recent conversation with market participants, SteelMint learned that Pakistan steel market hasn’t observed active buying for imported scrap despite of stability in offer levels.

Vietnam: Formosa Revises Steel Price for November Shipments

Mining News Pro - Vietnam`s domestic steel producer - Formosa Ha Tinh Corporation has today announced fresh steel offers for Nov’18 shipments. Company revises its HRC & wire rod offers on monthly basis which is considered as the benchmark for Vietnamese buyers.

China - Baosteel Hikes Flat Steel Price for October Deliveries

Mining News Pro - China’s major steelmaker - Baosteel has recently announced flat steel prices for October deliveries. The company has raised HRC prices by RMB 100/MT in and CRC prices by RMB 100-150/MT (USD 15-22) for October deliveries.

Gunawan Dianjaya Seeks Supplies From Domestic Makers as Global Steel Prices Rise

Mining News Pro - Rising prices of global steel has prompted listed Indonesian steel maker, PT Gunawan Dianjaya Steel, to look for suppliers at home, Bisnis Indonesia reported on Thursday, Aug. 23.

Japan: Tokyo Steel Keeps Steel Price Unchanged for 7th Consecutive Month

Mining News Pro - Tokyo Steel Manufacturing Co Ltd - Japan’s top electric-arc furnace steelmaker have announced their latest steel prices today i.e on 20th Aug’18 at Takeike Sanno Tokyo office.

What are the mineral and metal days after the steel price ordering?

Mining News Pro - The tension in the steel market of Iran has intensified and there is no direct link to the boycott, but domestic production is more than demand, however, final consumers are seeing a surplus of supply and stockpiles of expanding merchants.

Pakistan: Imported Scrap Prices Decline Amid Fall in Domestic Steel Prices

Mining News Pro - Pakistan Rupee (PKR) has appreciated in last two days` period by almost 5% to 122.6 against USD today from 128.8 earlier.

Japan: Tokyo Steel Prices Remain Unchanged Over Tight Supply - Demand

Mining News Pro - Steel product prices of Tokyo Steel Manufacturing Co Ltd - Japan’s top electric-arc furnace steelmaker will remain unchanged for six straight month for August deliveries. Prior to this,the steel maker had raised prices by Yen 2000/MT for Feb deliveries.

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