Seaborne coking coal prices have recovered over the last week, wiping out some of their recent declines. Optimism over futures Indian demand is supporting prices, but weak steel markets remain a threat to the rebound. Kallanish assessed premium hard coking coal at $204.82/t fob Australia, up $13.06/t week-on-week. Four BHP cargos drove the market last…
Leading Vietnamese steel producer Hoa Phat Group’s sales remained stable year-on-year in July due to weak demand. However, a jump in construction steel demand supported higher sales in the first seven months of the year, Kallanish notes. Hoa Phat’s sales of billet, construction steel, and hot rolled coil in July reached 526,000 tonnes, level on-year.…
During the first quarter (April to June) of fiscal year 2022, the sales revenue of Nippon Steel, a Japanese steel manufacturer, was 1,919.1 billion yen, a year-on-year increase of 28%; its operating profit was 338.8 billion yen, a year-on-year increase of 56%, a record quarter A new high record; net profit was 230.9 billion yen,…
General Administration of Customs: In the first seven months, my country imported 627 million tons of iron ore, a decrease of 3.4%, imported 290 million tons of crude oil, a decrease of 4%, coal 139 million tons, a decrease of 18.2%, 62.209 million tons of natural gas, a decrease of 9.6%, 54.167 million tons of…
During the first quarter (April to June) of fiscal year 2022, the sales revenue of Nippon Steel, a Japanese steel manufacturer, was 1,919.1 billion yen, a year-on-year increase of 28%; its operating profit was 338.8 billion yen, a year-on-year increase of 56%, a record quarter A new high record; net profit was 230.9 billion yen,…
On August 3, 2022, the Canadian International Trade Tribunal (CITT) issued an announcement to issue an anti-dumping sunset review of Welded Large Diameter Carbon and Alloy Steel Line Pipe originating in or imported from China and Japan. Injury final ruling, a sunset review of anti-subsidy for China’s products involved in the case of industrial injury…
Recently, SAIL, the Steel Authority of India, has announced the tax-exclusive prices of its rebar and wire rods for August. Prices are as follows: Rebar (IS1786 12-32mm) prices at Rs 58,500-59,000/t ($739-746/t) EXY Delhi; Wire rod prices are at Rs 56,500-56,800/t ($714-718/t) EXW. More information friendship Link： LMM Totai Refractory, LMM Mill ROLLS, LMM CCM,…
Due to the poor domestic demand and the relatively low imports of hot coils from Russia and Ukraine, major Indian steel companies have recently lowered the price of domestic steel and steel for August delivery by about 1,500-2,000 rupees / ton. This week, the domestic Mumbai market spot mainstream transactions The price is around Rs…
Hoa Phat, Vietnam’s largest long steel producer, has cut domestic rebar and wire rod prices for the 12th week in a row, with a further VND200,000/t ($9/t) cut from July 27. The current ex-works real weight price of CB400-V/CB500-V 12-25mm rebar is VND 15.4 million/t (US$ 659/t) excluding VAT; the price of CB240-T wire rod…
According to data from the US Department of Commerce, the US imported about 2.55 million tons of steel in June this year, an increase of 2.2% month-on-month and a year-on-year decrease of 2.7%. In addition, US steel imports reached about 4 billion US dollars, an increase of 6% month-on-month and a year-on-year increase of 41.5%.…