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No Plan to Remove Zanganeh

18 June 2019 - 22:43
The government has no plans to remove Oil Minister Bijan Namdar Zanganeh from his post, the government spokesman said on Monday.

Brent, WTI Prices Slip

18 June 2019 - 22:38
Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears that were stoked by attacks on oil tankers in the Gulf of Oman last week and sent prices higher.

Global Billet Market Overview: Week 24, 2019

18 June 2019 - 19:11
This was the consecutive week, in which Turkey's scrap import prices fell down by USD 8-10/MT and global billet market witnessed yet another dull week. Although it was not surprising for the marketers, the market acted exactly in line with the expected resonance

India: NINL Pig Iron Output Falls 16% in May'19

18 June 2019 - 19:03
Public sector steel maker & India's largest pig iron manufacturer & exporter - NINL has reported fall in Pig iron output in May'19.

Chinese Steel Market Highlights- Week 24, 2019

18 June 2019 - 18:54
This week Chinese steel market witnessed decline in domestic steel prices over volatile futures. However nation’s export offers continued to remain subdued owing to softening demand in global market.

Indian Steel Market Weekly Snapshot

18 June 2019 - 18:46
Indian steel prices moved down-trend during the Week-24 (8-15th Jun'19) on demand concern amid healthier supply. The producers seems received limited response as offers continued on negative direction.

Global Ferrous Scrap Market Overview - Week 24, 2019

18 June 2019 - 18:40
Global ferrous scrap markets witnessed downtrend in all the major markets amid limited demand this week. Further price correction in Turkey pulled down global ferrous scrap offers also for South Asian and East Asian markets.

Japan: Tokyo Steel Cuts Scrap Purchase Price Further by USD 5

16 June 2019 - 00:30
As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has lowered the domestic H2 scrap purchase price by JPY 500/MT (USD 5) at all five works in Japan. New prices for all grades shall be effective from tomorrow (15th June'19)

SE Asia: Billet Market Remains Silent Amid Less Trades

16 June 2019 - 00:27
This was another dull week for global billet market. This week, market was observed exactly in the similar tone with the expectations. The dullness intensity of the global billet market escalated this week, even the Eid festivity did not brought any boon to the market.

What Happened in China’s Graphite Electrodes Market this Week?

16 June 2019 - 00:23
The Chinese graphite electrodes prices especially that of UHP grade continues to remain stable this week. The current prices in China of UHP grade GE of size 450mm are heard to be in the range of RMB 24,000 – 26,000/MT (USD 3,470 – 3,760/MT) whereas that of size 600mm are in the range of RMB 48,000 – 60,000/MT (USD 6,940 – 8,675/MT).
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