16 December 2018 Time: 00:45
According to the vessel line up data maintained with SteelMint, Brahmani River Pellets Limited (BRPL) has recorded sharp increase in pellet export volumes in Nov’18. BRPL sailed out 6 vessels and stood the largest exporter for the month of Nov'18 at 0.34 MnT (up almost six-fold M-o-M), accounting 33% of total Indian pellet export share.
16 December 2018 Time: 00:42
Turkey-based steel mills observed a fresh deal for European scrap as soon as they received the lower price from a supplier. Amid dull finish steel demand steel mills in Turkey were holding their buying price at lower side witnessing no significant deal concluded for past two weeks. However, recent deal heard pulled prices down by USD 5-7/MT further.
16 December 2018 Time: 00:38
Indian exporters who largely deals with Nepal are poised over limited deals. Nepal's re-rollers have limited their purchase for Billet & Wire rod on account of sufficient stock & low demand, which raised liquidity crunch, as per participants.
16 December 2018 Time: 00:30
Iran, one of the largest billet exporter in MENA region is currently facing economic sanctions from US, owing to which the steel export has affected badly. Iran has exported 1,806,000 MT billet and bloom during the first seven months of current Persian year (21-Mar till 22-Oct’18).
16 December 2018 Time: 00:28
Steelmaker makes third scrap price cut so far in Dec’18 as market observes no sign of price bottom yet.
16 December 2018 Time: 00:25
Sponge iron export offers to Bangladesh fell slightly by USD 5/MT in recent trades on account of stronger rupee against US dollar & less trades on slump in global scrap prices.