Tata Steel UK will supply high frequency induction line pipe for a gas condensate field in the UK central North Sea. The company will manufacture more than 55 km (34 mi) of 18-in. carrier pipe for a pipe-in-pipe system on the field at its 20-in. mill in Hartlepool, northeast England. Barry Rust, Marketing Manager, Energy…
Singapore — The steel purchasing managers' index published by northern China's Hebei province fell 0.4 basis points from the previous month to 47 points, out of 100, in August, indicating the underlying softness of China's steel market. It was the fourth consecutive monthly drop, according to the latest data released by the Hebei Metallurgical Industry…
Seaborne iron ore prices pushed up on Wednesday September 4 after looser production restrictions were confirmed for steelmakers in Tangshan. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $91.32 per tonne, up $2.18 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $91.71 per tonne, up $2.18 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $89.10 per…
Yonhap reported that a South Korean delegation will head to India this week for talks with counterparts over India’s trade restrictions on South Korean steel and chemicals. South Korea’s foreign ministry said “A group of government officials from the South Korean foreign affairs and trade ministries will meet Sunil Kumar, an official at India’s Ministry…
China's property sector will continue to generate healthy steel demand through 2019 Manufacturing shows signs of bottoming but unlikely to walk out of depression in the short-term Long steel will outperform flat steel in the remainder of 2019; flats margins may improve from H1 Singapore — China's property construction sector will be the major driver…
The London Metal Exchange three-month copper price increased during morning trading on Wednesday September 4, paring back the bulk of Tuesday’s losses, while high turnover also drove tin’s outright price higher. Copper futures improved by some 1.6%, trading at an intra-morning high of $5,700 per tonne, while around 5,500 lots had been exchanged by 9am…
Ratings agency ICRA has revised its outlook on the long term rating for JSW Steel from Stable to Negative based on the fall in profits on the back of low steel prices as well as weakness in domestic demand, JSW Steel said in a stock exchange filing ” ICRA has reaffirmed long-term rating to [ICRA]AA…
China's iron ore futures jumped 6% on Monday to a two-week high, logging a third straight session of gain, fuelled by robust short-term demand after Beijing vowed to provide more support for the country's economy. China's cabinet, the State Council, on Saturday pledged to beef up investment in infrastructure projects and regional development to support…