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India: OMC Chrome Ore July Auction Receives Weak Response

19 July 2019 Time: 01:19
State Owned, Odisha Mining Corporation (OMC) conducted the e-auction on 15 Jul’19. Amid low demand in the market, and falling Ferro Chrome prices, OMC received a meagre response, as the entire quantity was not booked.

India: Domestic HRC Prices Drop by INR 500-1000 (USD 7-14.5)

19 July 2019 Time: 01:16
SteelMint in conversation with trade participants learned that domestic HRC prices continued to slump further over gloomy demand and limited trades happening in domestic market. Domestic HRC prices are hovering at around 1.5 years low.

India: Ferro Chrome Industry under Constant Stress; Production Levels Reduced

19 July 2019 Time: 01:13
Ferro Chrome producers remain pessimistic as the prices fall to a new low each week. Demand for Ferro Chrome is dull in the domestic as well as global market due to bearish Stainless Steel demand.

Australia: Iron Ore Exports Surge 18% in Q2 CY19

18 July 2019 Time: 21:02
Australia - world's largest iron ore exporter has recorded rise in iron ore shipment for second quarter CY19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 222.49 MnT in Q2 CY'19, up 18% as compared to 187.91 MnT in Q1 CY'19.

India: SAIL Pig Iron Auction Receives Limited Participation

18 July 2019 Time: 20:59
SAIL (Steel Authority of India Limited) conducted auction for around 6,550 MT steel grade pig iron today from its Rourkela Steel plant (eastern India). The auction received weak response as only 17% material have been sold out amid unchanged base price.

Vietnam's Formosa Hikes HRC Price by USD 25 for September

18 July 2019 Time: 20:54
Vietnam’s domestic steel producer - Formosa Ha Tinh has today announced its monthly revision in its steel prices. The company has raised its HRC offers sharply by USD 25/MT for Sept shipments.

Equate lifts force majeure, restarts Kuwait SM unit

18 July 2019 Time: 14:43
Kuwait-based Equate Petrochemical, which operates Kuwaiti styrene producer TKSC, has restarted its 450,000 t/yr styrene monomer (SM) unit a week earlier than expected.

India to impose ADDs on coated steel imports

18 July 2019 Time: 14:35
India's directorate-general of trade remedies (DGTR) has recommended anti-dumping duties (ADDs) of varying rates for imports of aluminium and zinc-coated steel products from China, South Korea and Vietnam.

Iron ore price spike widens concentrate discounts

18 July 2019 Time: 14:31
Floating discounts for iron ore concentrates have widened into China this month, including for higher-quality brands like 67-68pc Fe Minas Rio, as big moves in the underlying indexes and competition from domestic ores pressure discounts downward.

NMDC seeks to restart iron ore mine in Karnataka

18 July 2019 Time: 14:26
India's state-controlled NMDC has secured a favourable court order to restart operations at its 6mn t/yr Donimalai iron ore mine in the southern state of Karnataka, which has been shut down because of a royalty dispute with the state government.
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