The export market for Commonwealth of Independent States (CIS)-origin hot-rolled coil and cold-rolled coil weakened during the week ended Monday August 27 amid anticipated further price declines and high trader stocks. Fastmarkets’ price assessment for steel HRC, export, fob Black Sea, CIS was $450-460 per tonne on Monday, falling by $20 per tonne week-on-week. “We see that…
Mr PK Rath, CMD of RINL, while reviewing the performance of the plant and current steel market scenario with senior management, has taken stock of the situation on Company’s financial front and the initiatives to improve the cash flow. He expressed the hope that Steel Industry has a great future and will recover shortly due…
Fastmarkets MB has today discontinued 40 steel scrap, non-ferrous scrap and foundry ingot prices. After a two-month notice period, Fastmarkets MB has delisted and ceased the publication of steel scrap prices from BDSV; aluminium alloy prices from Affimet; zinc alloy prices from Brock Metals; and non-ferrous scrap and foundry alloy prices from Lettre D’Information Metaux,…
Mumbai: Aug 26 (PTI) The mayhem in equities market and falling deposit rates have retail investors lapping up corporate debt like never before, if the overwhelming response to the recent/ongoing NCD issues from NBFCs, which are facing one of the worst liquidity crisis ever, is any indication. This shows that retail investors’ confidence in NBFCs…
The total turnover of BaoSteel in the first half of 2019 was approximately CNY 140.9 billion, decreasing by 5.16% year on year; the total net profit was around CNY 61.9 billion, dropping by 38.19% year on year. Source of information
Domestic prices for auto bundle steel scrap in Turkey have increased because of the weakening value of the country’s lira, but ship scrap prices have been stable, sources said on Tuesday August 27. Fastmarkets’ weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,580-1,770 ($272-304) per tonne on August 27, narrowing…
Mint reported that according to an Economic and Political Weekly study by Jayanta Kumar Mallik of the Reserve Bank of India, the current method of measuring gross capital fixed formation, which is regularly used as a proxy for investment activity, needs more scrutiny and could be biasing overall GDP growth estimates. According to Mallik, GFCF…
China’s hot-rolled coil prices tumbled again on Tuesday August 27 in both the spot and futures markets, with the possibility of easing production cuts in the north leaving participants with a bearish outlook for prices amid trade tensions with the United States. Domestic Eastern China (Shanghai): 3,600-3,630 yuan ($504-508) per tonne, down 50-70 yuan per…
