Iron and Steel

Mining News Pro - The Indian government will not reduce steel production, even if the surplus of steel production in the world becomes problematic.

Mining News Pro - The celebration of the International Standard Day and the commemoration of the production and service units of this area in two parts of the country and the provinces with the presence of Hamid Reza Foldagher, the representative of the people of Isfahan in the Islamic Consultative Assembly and the member of the Committee on Industry and Mines of the Islamic Consultative Assembly, Vahid Marandi Moghaddam, National Iranian Standards Organization of Iran, Mohammad Ali Shojaee, Deputy Director of Economic Coordination and Development Resources of Isfahan Governorate, Gholamhossein Shafiei, Director General of Isfahan Province, one of the managers of manufacturing companies, services and quality control authorities of these units on Thursday 26th of October in Negin Rally Hall The world was held In this conference, the Esfahan Iron and Steel Company was celebrated as a provincial sample unit.

Mining News Pro - For the first time in the country, after the evaluation of the EFQM evaluators, the Mobarakeh Steel Company of Isfahan won the award with a score of over 600 gold medals (GOLD).

Mining News Pro -Managing director of Mobarakeh Steel Company at the meeting of the company`s management committee, after hearing the report of the managers of the areas and various parts of the company, stated: "Visiting production lines and meeting with colleagues in the regions, the commitment of the organization to each one was well known. That the company`s employees are interested in their work and solving the issues of the company are highly valued

Mining News Pro - Rashtriya Ispat Nigam Limited (RINL) - a state owned steel maker under the Ministry of Steel, has invited a tender for export of 10,000 MT Billets and 20,000 MT Blooms.

Mining News Pro - Iran, one of the largest billet exporter in MENA region has exported 1,790,224 MT billet and bloom during the first five months of current Persian year (21-Mar till 22-Aug’18). As per the data released by Iranian Customs, export of billet during the period was reportedly up by 42% Y-o-Y against 1,258,094 MT during the same period of last Persian year. GCC and Far East Asia was the major destination for Iranian billet.

Mining News Pro - This week imported HRC offers to Bangladesh witnessed drop of USD 5-10/MT following lower HRC export offers from China.Bearish market sentiments results to weaker HRC export offers from China. Currently Chinese HRC export offers is assessed around USD 555-565/MT FoB basis.

Mining News Pro - According to the latest reports, amid growing protectionism of U.S against steel imports, one of the key countries that is facing the real brunt is South Korea.

Mining News Pro - At present, Mobarakeh Steel has reduced the use of water in production by using waste water, which consumes 4.4 tenth of a meter cubic meters of steel for each steel plant, which consumes 6 tbs. Cubic meters of water in other Iranian steel structures.

Mining News Pro - This week imported HRC offers from Chinese mills to Vietnam inched up by USD 5-10/MT.End users have concluded few deals with China amid limited offers from Russian and Indian mills for imported HRC to Vietnam.

Mining News Pro - Vale- world`s largest iron ore producer witnessed sharp increase in Q3 CY`18 iron ore production. The production recorded at 104.95 MnT, up 8% Q-o-Q as against Q2 CY`18 at 96.8 MnT. On yearly basis, the production recorded 10% increase as compared to 95.1 MnT in Q3 Y17.

Mining News Pro - Indian pellet export prices have softened this week further amid uncertainty of Chinese steel mills regarding winter production cuts. Few trade participants shared increased preference of Chinese mills towards iron ore fines than pellets.

Mining News Pro - Jindal Stainless Steel Ltd (JSL), the country’s largest stainless steel maker seems to leave behind its debt woes and plans to expand its production capacity by half over the next two years.

Mining News Pro - On uncertainties about hike in electricity power tariffs market turns stagnant.

Mining News Pro - In its short-range outlook for steel demand, WSA (World Steel Association) has projected that the steel demand in case of developed economies is expected to increase by 1% in 2018 and by 1.2% in 2019.

Mining News Pro - WSA (World Steel Association) has released its short range outlook for the global steel demand and as per its projections the global steel demand for the year 2018 is anticipated to reach 1,657.9 MnT, an increase of 3.9% y-o-y basis whereas for 2019, the same is expected to grow by 1.4% to reach 1,681.2 MnT.

Mining News Pro - Chinese HRC export offers decline further over thin trades -This week Chinese HRC export offers move down further over thin trades in domestic and export market.

Mining News Pro - Billet exports from India considerably rose during Aug`18 and stood at all time high, as per data maintained by SteelMint, since Jan 2013.

Mining News Pro - Indian Iron & Steel prices remain on down trend during the week-41 (8th-13th Oct`18) on slack demand. As per participants, the buyers have lower their purchases due to constant fall in prices amid festive mood.

Mining News Pro - This week Chinese steel prices witness gains in domestic market post golden week holidays.However export offers continued to remain on lower side.Flat steel and rebar export offers remain steady over dull trades.Coking coal offers inch up on weekly basis.

In Picture