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Steel prices expected to marginally move up from current levels
Fri, 09 Apr 2021 00:00:00 GMT
The steel stocks have been rallying for the past few months. Many thought that the rally was done and the steel prices would not rise as they had risen over the past few months, but prices have moved up even more. Vikash Singh, VP-Metals and Mining at Philip Capital said, If we look at the Indian steel prices, they are still at a fair discount to the imported prices. So, the prices should either stay consistent at this level or there is a slight possibility of prices going up marginally

Liberty ore/nickel sales raise conduct questions
Thu, 08 Apr 2021 00:00:00 GMT
London-headquartered metals trader Liberty Commodities, part of the vast Gupta Family Group Alliance of companies owned by UK businessman Sanjeev Gupta, made multiple sales of nickel and iron ore pellet to Indian cold-rolled and hot-dip galvanised coil steel producer Uttam Galva between July 2014 and October 2015, according to documents obtained by Argus

HYBRIT: SSAB, LKAB and Vattenfall building unique pilot project ...
Wed, 07 Apr 2021 00:00:00 GMT
SSAB, LKAB and Vattenfall have commenced building a rock cavern storage facility for fossil-free hydrogen gas on a pilot scale next to HYBRITs pilot facility for direct reduction in Lule, North of Sweden. This is an important step in the development of a fossil-free value chain for fossil-free steel. The investment cost of just over SEK 250 million is divided equally across the holding companies and the Swedish Energy Agency, which provides support via

Ukraine: Interpipe accused of dumping
Thu, 01 Apr 2021 09:56:29 GMT
The US International Trade Commission will impose duties on the import of pipes from Interpipe. The commission explains its decision by the damage to the American manufacturers from the Interpipe dumping while supplying pipes to the country. Interpipe sold pipes at the price 42.2% below the economically justified level. The company supplied around 40

French longs exports plummet in 2020
Thu, 01 Apr 2021 00:00:00 GMT
French steel exports to non-EU countries increased on-year in December 2020 after declining in the previous months,Kallanishlearns from new data released by national steel association Fdration Franaise de lAcier (FFA). Steel shipments however decreased significantly in 2020 compared to 2019. French exports of flat and long steel to countries outside the EU28 went up

UK government awaits GFG refinancing, prepared for collapse
Wed, 31 Mar 2021 00:00:00 GMT
The UK government wants to see what new financing GFG Alliance can arrange before taking any action to support its UK plants. But officials are prepared to let Liberty Steel collapse into administration before stepping in, says UK business secretary Kwasi Kwarteng. Its an important national asset and what we have to do is

Kyrgyzstan: export of ferrous metal scrap prohibited
Tue, 30 Mar 2021 09:53:26 GMT
A government decree has been signed on imposing a temporary ban on export of scrap and waste of ferrous metals from Kyrgyzstan outside the customs territory of the Eurasian Economic Union, the press service of the Cabinet of Ministers reports. The export ban is imposed for a period of six months. It applies to scrap… The post Kyrgyzstan: export of ferrous metal scrap prohibited first appeared on The Ukrainian

Australias economy is more reliant on iron ore than ever
Fri, 26 Mar 2021 00:00:00 GMT
In February, for the first time ever, Australia had exported $8bn more goods than we had imported for the third consecutive month. This seemingly good news however hides the current lack of strength in our exports sector and that we are reliant on iron ore now more than ever. It almost goes without saying that our economy very much needs exports to keep growing. Essentially in the private sector there are three things that make up and drive our economy household spending, private

Suez Canal blockage spares Mid-East importers for now
Fri, 26 Mar 2021 00:00:00 GMT
The blockage of the Suez Canal by a large container ship earlier this week has so far had minimal impact on steel and raw materials trade. But there could be disruption if the vessel takes longer to re-float, Middle Eastern sources tellKallanish. Various Gulf Cooperation Council billet buyers say they have so far felt

Steel stocks in focus; JSW Steel hits record high, SAIL nears ...
Fri, 26 Mar 2021 00:00:00 GMT
Margins of steel companies are expected to show further expansion in Q4FY21 driven by healthy export order and higher realizations, CARE Ratings

SMA Touts EPI Report on Continuation of 232 Steel Tariffs
Thu, 25 Mar 2021 00:00:00 GMT
WASHINGTON, DC- A newly released report by the Economic Policy Institute (EPI) (Why Global Steel Surpluses Warrant U.S. Section 232 Import Measures) clearly communicates the effectiveness of Section 232 steel

China iron ore, coke futures tumble on Tangshan pollution clampdown
Tue, 23 Mar 2021 00:00:00 GMT
Chinese iron ore and coke futures tumbled on Monday, dragged down by concerns over weak demand for the steelmaking ingredients, as markets eyed the possibility of further production cuts in the top steel-producing city of Tangshan. China, which accounts for more than half of the worlds steel output, has vowed to go after violators of air quality rules in its steel industry, with Tangshan issuing a notice threatening to extend production curbs to combat pollution. most-traded May iron ore on

Number of steel trade news reports: 12
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