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Times of India reported that Maruti Suzuki has decided to set up a old vehicles dismantling plant along with a subsidiary of Toyota. The venture between Maruti and Toyota Tsusho India will supply, dismantle and process end-of-life vehicles, and market and sell scrap and other products generated from such activities In doing so, the Maruti-Toyota…
DetailsEastern China’s Shagang has raised the list prices for its rebar and wire rod booked in mid-September. The mill is selling its HRB400 16-25mm rebar at 3,820 yuan ($537) per tonne over the September 11-20 period, up 100 yuan per tonne from its… Source of information
DetailsThe European Commission implemented amendments to the EU’s safeguard measures starting from 1 October. The effects of these changes are expected to be relatively limited, however, Indonesia is losing its developing country exemption that is likely to restrict their export volumes of stainless into the EU significantly. The European Commission implemented adjustments to the safeguard…
DetailsChinese cold-rolled coil export prices remained unchanged over the past week despite an anti-dumping investigation being instigated in Vietnam. Vietnam’s Ministry of Industry & Trade launched the probe after requests from several Vietnamese producers. The investigation encompasses non-alloy cold-rolled steel sheet and coil in widths of less than 1,600mm and in thicknesses of 0.108-2.550mm. “Although Vietnam has excess capacity in CRC, Chinese imports remain…
DetailsVietnam’s Ministry of Industry and Trade will investigate alleged dumping of cold rolled carbon steel with a width of less than 1600 mm and a thickness of 0.108 mm, 2.55 mm imported from China. The investigation was initiated after requests by domestic producers including Phu Mu Flat Steel Company Limited VNSTEEL, POSCO Vietnam Co., Ltd.…
DetailsA summary of base metals premiums from across the globe for the week to Tuesday September 10. Please click… Source of information
DetailsUNI reported that in a letter to the Commerce Minister, EEPC India chairman Mr Ravi Sehgal said that in the name of monitoring, the latest restrictions on import of steel products, critical raw material for the engineering industry’, would further add to the input cost of exporters battling deceleration in shipments. DGFT notification of September…
DetailsGrowth in steel demand slumped to 1.7% in August, the slowest expansion in at least a year, shows provisional data from the Joint Plant Committee, compiled by SBICAP Securities Ltd. In the 12 months, demand rose in the range of 4-13%. The deceleration reflects the dual impact of the seasonal slowdown in construction due to…
DetailsThe three-month aluminium and copper prices on the London Metals Exchange defied a stronger dollar index to trade significant volumes by the end of the day’s trading on Tuesday September 10. “Flow [of trading] this past week has been systematic short-covering and trading volumes are coming back under pressure suggesting prices will struggle to move…
DetailsEmbittered by the court’s decision, employees of the failing Huta Czestochowa do not give up. On Monday from the morning they gathered under the building of the Czestochowa court, where they are asking for help for the employer “We want to work – stop debating.” They are embittered by the decision the court made last…
Detailsenchmark iron ore prices erased early losses on Monday, tracking a rally in steel futures, driven by China’s move to boost liquidity to shore up its slowing economy and hopes for more stimulus. The most-traded iron ore on the Dalian Commodity Exchange , for delivery in January 2020, ended up 1.8% at 655.50 yuan ($91.90)…
DetailsSteel hot-rolled sheet prices in Russia’s Central Federal District around Moscow have softened first time since mid-April on the seasonal slowdown, sources told Fastmarkets on Monday September 9. Fastmarkets’ weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia, was 43,000-44,900 roubles ($655-684) per tonne on September 9, including 20% VAT. This was down…
DetailsET reported that Secondary steel producers are cutting back on output to cope with a demand slump. In the iron ore rich district of Ballari in Karnataka, at least eight plants that include secondary steel makers like BMM Ispat, Rayen Steel, PGM Ferro Steel and companies such as Mukand and Kalyani Steel primary suppliers to…
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