Australia's Arrium Mining lifts iron ore sales in Q1 Iron Ore / Australia Australia’s Arrium Mining raised supplies of 60% Fe ore by 8% in the first quarter to 1.97 mt, including 625,000 t (17% down quarter-on-quarter) of lumps and...
22.5.2013 18:04
Only exporters active in Italian longs market Long products / South Europe The Italian longs market has livened up somewhat in end-May largely due to an upturn in buying abroad. As reported earlier, Algerian customers started making large-scale purchases from...
22.5.2013 17:53
Buying minimal in Turkish scrap market Scrap / Turkey There is calmness in the Turkish scrap market this week - buying is very slow because import prices have flattened. Turkish companies insist on lower prices for they still face difficulties with billet and rebar sales. Suppliers resist drops...
Chinese wire rod keeps getting cheaper abroad Long products / China Contrary to players’ expectations, Chinese wire rod exporters have again cut offers on slow demand, cheaper finished and semi-finished steel in the home market and...
22.5.2013 17:44
Plate prices drop again in USA Flat Products / USA Positions of US plate suppliers have worsened again on the back of substantial oversupply and tight competition with foreign rivals. Steelmakers are also depressed by lower scrap prices, which have lost $22/t ($20/short ton) month-on-month in May...
22.5.2013 17:36
CIS plate exports still low Flat Products / CIS Consumer interest in the CIS plates in the main export markets will be weak; bids of overseas buyers are gradually easing against the background of the decreasing price trend globally. Ukrainian sellers are offering June-July output at the moment...
UAE longs makers cut prices for June output of rebar Long products / Middle East UAE longs makers have cut domestic rebar offers in response to the downward moves of foreign suppliers. On May 22, Emirates Steel Industries, the country's largest producer of rebar, has released prices for June output at $640/t...
22.5.2013 17:15
Demand for iron ore picks up in China Iron Ore / China Interest in iron ore has grown in China on Wednesday owing to depleted stocks. Orders have increased from both trading companies and steelmakers, market insiders note. Australian Pilbara 61.5% Fe and Newman 62.5% Fe material is presently the most popular. However, contracts are still rare...
22.5.2013 16:49
Export prices for Turkish rebar and billet ease further Long products / Turkey Export prices for Turkish rebar and semis with June shipment have eased further amid continuously falling quotations of import scrap and CIS billet...
US scrap exporters keep signing contracts with Far Eastern buyers Scrap / Far East Higher interest of Taiwanese mills in import steel scrap has resulted in several contracts with US suppliers. At the same time, South Korean companies are not eager to make bookings, so prices to that destination stay steady...
Bids still lower than offers in Australian coking coal market Coal / Australia In the middle of the week, nominal prices for premium-quality coal have stayed at $150-155/t FOB in Australia. Quotations have almost hit the bottom, so further decline is doubtful, market operators believe...
22.5.2013 14:52
Chinese seamless pipe export prices keep easing off Tubes & Pipes / China The conditions in the Chinese market for seamless pipes are still unfavourable because overseas demand is staying dull. The situation is aggravated by the approach of the rainy season and the fact that iron ore prices keep softening...
22.5.2013 14:41
Demand for beam stays poor in UAE Long products / Middle East UAE market for sections is still weighed by falling prices in the segment and consequently sluggish demand from consuming industries and stockists which have rather high inventories...
Prices for South Korean HDG depressed by stiff competition Flat Products / South East Asia The situation in South Korea's market for galvanized products remains unfavourable on stiff competition with suppliers from China and India...
22.5.2013 11:57
Zaporizhstal (Ukraine) cuts merchant HR flats shipments Flat Products / CIS Ukraine's Zaporizhstal is planning to reduce merchant HR flats shipments by 11% month-on-month in May to 165,000 t, as it will have to conduct one-week repairs...
22.5.2013 11:25
Export prices for Egypt wire rod slide again Long products / North Africa According to available information, Egypt’s Ezz Steel has announced export prices for June wire rod. The producer has again cut offers on tepid demand and...
Scrap prices stay unmoved in Turkey Scrap / Turkey No import deals have been recorded in the Turkish scrap market, while prices have remained unchanged. At the beginning of the week, most suppliers find further reductions unreasonable as quotations have been on the downward track since March...
21.5.2013 17:37
China's HDG exporters cut prices further Flat Products / China Despite the gradual improvement in buying activity, China’s HDG suppliers keep following the downward price trend in view of excessive supply and falling quotations of HR and CR feedstock. The situation is also aggravated by the drop in prices for import ore...
21.5.2013 17:35
Expansion projects in progress at SteelAsia Manufacturing (Philippines) Long products / South East Asia SteelAsia Manufacturing (Philippines) goes on with its expansion projects. The company will in a few months start construction of a steelmaking complex and a rebar mill in Bulacan, where there is a 0.5 mtpy rebar mill currently operating...
21.5.2013 16:56
Far Eastern pig iron market silent Pig Iron / South East Asia There is barely any interest in pig iron in the Far Eastern region. The majority of steelmakers have enough material for at least another month. Some Taiwanese steel plants say they will not require new lots until the end of August...
21.5.2013 16:55
FY 2012 iron ore production and sales dip significantly at Sesa Goa (India) Iron Ore / India In the 2012 fiscal year (April 1 2012 - March 31 2013), India’s Sesa Goa reduced iron ore production to 3.7 mt (73% down year-on-year) and sales to 3.1 mt (80.3% down) due to the governmental mining ban in Goa state (14.5 mtpy capacity in total)...
21.5.2013 16:51
Contract signed at higher price in Chinese iron ore market Iron Ore / China Demand in the Chinese market for iron ore has not revived on Tuesday. Most steelmakers continue to insist on lower raw material prices, pointing to low expectations as to the finished product sector...
