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India: Bulk Pig Iron Export Volumes Halve in FY'19

20 April 2019 Time: 14:29
According to customs data maintained with SteelMint, bulk Indian pig iron export volumes have come down sharply by 50% in FY19. India has exported 221,260 MT pig iron in FY’19 as against 446,250 MT in FY’18. In the month of March pig iron exports from India recorded at 50,000 MT against nil from the previous month.

Chinese Steel Market Highlights - Week 15, 2019

20 April 2019 Time: 14:17
This week Chinese steel prices witnessed significant increase in domestic market following hike in iron ore prices fueled by limited supply in global market.Also strong futures, improved domestic demand along with higher profit margins lead to uptrend in Chinese steel prices.

South Africa: Iron Ore Exports Down 21% in Feb’19

20 April 2019 Time: 14:13
South Africa iron ore exports down 21% in Feb'19: South African iron ore exports in Feb'19 recorded at 5.53 MnT, down 21% as against 7.05 MnT in Jan'19. As per sources, the exports dropped amidst Saldanha port maintenance in Feb'19.On yearly basis, the exports increased marginally as compared to 5.25 MnT in Feb'18.

Russia: MMK Steel Doubled Steel Shipments to Vietnam in CY18

20 April 2019 Time: 14:09
As per sources, one of the world's largest steel producer and a leading Russian metal company Magnitogorsk Iron and Steel (MMK) has doubled its metal shipments to Vietnam in CY18 as compared to CY17.

Indian Steel Market Weekly Snapshot

20 April 2019 Time: 14:01
Indian Steel industry observed average inquiries during the Week-15 (9th to 13th Apr) owing to election mood in the country. In context to supply scenario, the production of Semis & Finished steel products more or less on same proportion, this led to volatility in prices.

Global Ferrous Scrap Market Overview - Week 15, 2019

20 April 2019 Time: 13:45
Major global scrap markets observed price correction on weak demand globally. Turkish steel mills booked cargoes at lowered prices amid subdued steel demand. Japan's monthly Kanto tender for Apr'19 fetched bids lower by USD 15 against last month.

MSC transport fleet used to send popular aid to flood-stricken areas in Lorestan Province

17 April 2019 Time: 15:53
After heavy floods hit Golestan and Lorestan provinces, managers and staff members of Mobarakeh Steel Company (MSC) joined people from across the country and dispatched aid, cash and in kind, to the stricken areas in the northeast and west of the country.
Technical Manager:

MSC’s energy consumption is lower than global average

17 April 2019 Time: 13:21
Implementation of projects on energy consumption optimization has helped Mobarakeh Steel Company (MSC) bring down its water consumption to levels lower than the global average, said the senior manager of the MSC’s Department of Technical Services and Logistics.
Managing director:

MSC performed very well last year on production, profitability fronts

17 April 2019 Time: 12:46
The managing director of Mobarakeh Steel Company (MSC) said that his company performed successfully in the year to March 20, 2019 as far as production and profitability were concerned.

MSC managing director praises annual performance of Hormozgan Steel Co.

17 April 2019 Time: 11:26
Managing Director of Mobarakeh Steel Company (MSC) has said he hopes that Hormozgan Steel Company continues to have a stellar performance in line with the objectives of Mobarakeh Steel Group and the overall improvement of the national economy.
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