Scrap Export Plummets in SE Asia Market
Mining News Pro - Due to falling exchange rates against Dollar in Southeast Asia and recession of the steel markets, steelmaking companies are trying to keep scrap inventory down in order to control the cost of raw materials.
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Visit: 1416
Imported Scrap Prices in Containers Fall in Recent Trades in SE Asia
Mining News Pro - Imported Scrap offers to South Asia have been moved down considerably over the span of last one week, with the conclusion of several bulk cargoes to Bangladesh as well as Pakistan, pulling the tradable price level further low. Continuation of the severe container shortage has resulted in limited offers in containers from global suppliers, while high freight charges have made buyers cautious for fresh bookings.
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Visit: 970
Billet Import Prices Remain Stable for the Consecutive Week in SE Asia
Mining News Pro - For the consecutive week, the billet import offers in the SE Asian region remained stable.
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Visit: 943
SE Asia Billet Import Prices Stable Amid Less Trades
Mining News Pro - This week, SE Asia’s billet import market was reported trade silent for the consecutive week amid New Year Holidays with few major suppliers remaining out of market.
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Visit: 1617
SE Asia Billet Import Market Update
Mining News Pro - This week, SE Asia’s billet import prices observed increase. SteelMint didn’t witness any deal across the region. However, billet import offers in the region have marginally gone up by USD 5/MT.
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Visit: 783
SE Asia: Billet Market Update
Mining News Pro - Formosa Ha Tinh Corporation (FHS), Vietnam’s largest steel manufacturer of the country has revealed the billet export offers today for shipments scheduled by July.
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Visit: 1001
Imported Scrap Markets in SE Asia Observe Limited Deals on Slow Demand
Mining News Pro - Imported scrap offers to Vietnam inch down - SteelMint learned from market participants that imported scrap offers to Vietnam have come down slightly by USD 3-5/MT W-o-W on limited demand.
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Visit: 1091
Impact on Iranian Billet Export from US Official`s Visit to SE Asia
Mining News Pro - Iran, one of the largest exporter of billet in the world has exported around 1,266,000 MT billet in the first four months of current Persian year (21 Mar-22 Jul’18). Exports were up by 35% Y-o-Y against 939,000 MT exported in last Persian year.
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Visit: 1322
Will Chinese Mills Increase Steel Exports to SE Asian Nations ?
Mining News Pro - The global steel trade is very competitive. In May`18, China exported 6.883 MnT of steel, down 1.4% Y-o-Y. From January to May, China exported 28.493 MnT of steel, down 16.3% Y-o-Y. While the volume of China`s steel exports slip, it has continued to explore the Southeast Asian market with huge consumption potential, hoping to offset the gap brought about by the export of Western markets. Indonesia and Malaysia may account for Chinese steel exports.
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Visit: 1190