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India: BRPL Pellet Export Shipments Hit Record High on Improved Capacity Utilization

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.

Turkey: Imported Scrap Prices Drop in Recent Deal

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.

India: Nepal's Buying Interest Remains Bearish for Billet & Wire Rod

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.

Few South African Lump Traders Suspend Fresh Bookings On Recent Force Majeure by Transnet

16 December 2018 Time: 00:35
According to market sources report to SteelMint, recent bookings of South African lump by Indian mills are on lower side amidst lack of clarity on force majeure declared by South African miner.

Impact of US Sanctions on Iranian Steel Export

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).

Japan: Tokyo Steel Cuts Scrap Purchase Price by USD 4-9

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.

Indian Sponge Iron Export Offers Correct Marginally

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.

Iran: Mobarakeh Steel Company’s Crude Steel Production Increases by 12% Y-o-Y

16 December 2018 Time: 00:21
Mobarakeh Steel Company (MSC), Iran’s largest steel company has produced 5.28 MnT crude steel during the 8 months of current Persian year (21 Mar-21 Nov’18). Crude steel production registered a growth of 12% Y-o-Y against around 4.60 MnT produced by MSC during the same period of last Persian year.

What's the Status of Graphite Electrode Projects in China’s Inner Mongolia Province?

16 December 2018 Time: 00:19
China's Inner Mongolia province has the highest investments with regards to upcoming GE capacities

Posco settles 4Q PCI contract price at $145/t fob

15 December 2018 Time: 22:23
South Korean steel producer Posco has agreed to a contract price of $145/t fob Australia for the October-December quarter with Australian producer Realm Resources for low-volatile pulverised coal injection (PCI) brand Foxleigh.
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