Stocks of the five major finished steel items at Chinese traders and steel mills declined during the week of August 29-September 4, as steel demand from downstream users recovered gradually amid the traditional peak season for steel consumption over September-October, Mysteel Global has learned. Total inventories of the five major steel items comprising rebar, wire…
DetailsManganese ore prices continued to soften over the past week, after a reduction in the September prices for silico-manganese further damped sentiment in the market. Manganese ore prices drop in China after alloy tender is cut Spot domestic silico-manganese prices slide in China Indian silico-manganese prices weaken further European alloy price holds steady in thin…
DetailsMalaysia has imposed temporary anti-dumping duties of 3.70 to 20.13% on cold rolled and non-alloy steel imported from Vietnam. They will apply for 120 days, starting retrospectively from August 26, according to the Department of Trade Remedies under the Ministry of Industry and Trade. The decision follows a recent investigation by Malaysia’s Ministry of International…
DetailsMANILA, Sept 9 (Reuters) – Iron ore futures in Dalian and Singapore fell in early trade on Monday after data showed China’s imports of the steelmaking raw material rose in August to a 19-month high, the latest evidence of a continued rebound from recent supply-side issues. China’s iron ore purchases last month totalled 94.85 million…
DetailsThe three-month aluminium price on the London Metal Exchange had risen at the close of trading on Monday September 9, reaching its highest level since July 31, while a steady uptick in nickel futures over the afternoon saw the metal regain support above the $18,000 per tonne threshold. Aluminium futures closed at $1,799 per tonne,…
DetailsCanada’s steel and aluminum sectors are key contributors to the Canadian economy, creating well-paying jobs and providing key inputs for major industries. Mr Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada, announced over USD 4.9 million in funding for 10 companies across British Columbia. The funding is being…
DetailsIn a meeting with top state government officials, JSPL Chairman Naveen Jindal emphasised the need to give preference in iron ore auction to companies which have already invested in Odisha Jindal Steel and Power Ltd (JSPL) Chairman Naveen Jindal on Saturday sought steps to provide raw material security and to reserve iron ore mines for…
DetailsSeaborne iron ore prices rose strongly above $90 per tonne cfr China on Monday September 9, reflecting gains in the futures and steel markets after the Chinese government boosted liquidity in the commercial banking sector. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $92.97 per tonne, up $3.92 per tonne. 62% Fe Pilbara Blend fines,…
DetailsBased on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, the American Iron and Steel Institute reported that steel import permit applications for the month of August totaled 2,134,000 net tons. This was a 40.8% decrease from the 3,606,000 permit tons recorded in July and a 29.6% decrease from the July final…
DetailsSingapore — India's crude steel production fell in August to 8.99 million mt, down 2.3% from 9.20 million mt a year ago, provisional data released late Friday by the Joint Plant Committee showed. Apparent steel consumption in August was 8.61 million mt, up 1.7% from 8.47 million mt the year before.Hot metal production in August…
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