Steel Raw Materials Company

Company

Date:

Shagang further trims steel scrap buying price by $7/t Apr 03, 2020

Only two days after its previous price reduction, Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker, has trimmed another Yuan 50/tonne ($7.1/t) off its steel scrap procurement prices for deliveries starting April 3, as steel market sentiment worsened amid the growing concern on the escalation of COVID-19 spread worldwide and Chinese mills’ remaining high steel stocks and consistent scrap deliveries, market source commented Friday.
India: 2-y EC, FC for New Mine Owners, Govt Clarifies Apr 03, 2020

New Delhi -- Companies that won the bids to own mines in the Odisha government's recently concluded mining auction, will get a two-year extension of ECs and FCs as per the earlier announcement, two senior government officials said on Wednesday.
Tata Steel Cuts Operations in India, Europe on COVID19 Apr 03, 2020

In line with the increased action taken by national governments to contain the spread of COVID-19, private sector steel behemoth Tata Steel too will be reducing operations at some of its sites, as per a company press release.
Vale looks for way to lift Brucutu mine production Apr 02, 2020

Brazilian mining giant Vale is testing short-term alternatives for tailings disposal at its 30 million tonnes/year Brucutu iron ore mine, located in its Southeastern System in Minas Gerais state, Southeast Brazil, according to the latest press release posted on Vale’s website on April 1 local time. If the alternatives prove viable, Vale may increase the Brucutu plant’s processing run rate to 80% from the present 40%, it indicated.
SUMMARY: Impact of COVID-19 on metallurgical miners Apr 02, 2020

The fast spread of the COVID-19 in the past few weeks have forced some metallurgical mining companies to either slow down or to completely suspend their operations, as many countries where their mining sites are located have adopted the harsh measure of lockdowns to curtail the virus from infecting more citizens and to prevent their medical systems from collapses.
China’s MCC successfully diversifies from metallurgy Apr 02, 2020

Metallurgical Corporation of China Ltd (MCC), China’s largest construction and engineering service provider, saw its business model further diversifying from the traditional metallurgical projects in 2019, as the revenue from the sector decreased to 22.5% of the total from the 25.1% for 2018, according to the company’s latest annual report released on April 1.
India: TATA Steel BSL Halts Operation Amid COVID19 Apr 02, 2020

Tata Steel BSL Ltd has announced a suspension of activities at its downstream facilities and CRM mill in Angul due to constraints arising due to COVID-19 outbreak.
Vale: Virus to affect global iron ore market fundamentals Apr 01, 2020

Brazilian mining company Vale expects steel production cuts in Europe will impact iron ore demand, though iron ore supply cuts due to lockdowns could soften the blow, Mysteel Global learnt from a presentation Vale released on its official website on March 31 local time.
FEATURE: China Baowu to buy raw materials as a group Apr 01, 2020

China Baowu Steel Group (Baowu Group), the world’s top steelmaker in terms of 2019 output, is further progressing with its internal consolidation with the latest move being to combine its several steel subsidiaries’ raw material procurement and trading under the newly-established Baowu Raw Materials Procurement Service Co Ltd (Baowu Raw Materials), Mysteel Global noted.
Japan’s JFE Steel to shut BF over falling steel demand Apr 01, 2020

Japan’s second largest integrated mill, JFE Steel, has decided to halt a blast furnace in eastern Japan, cutting about 4 million tonnes/year of crude steel output, equivalent to about 13% of the mill’s total installed capacity, citing stagnating steel demand and poor business performance during the year just ended.
Shagang cuts its scrap buying price by $7.1/t – again Apr 01, 2020

Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker headquartered in Zhangjiagang city in East China’s Jiangsu province, has lowered its procurement price for steel scrap again, clipping another Yuan 50/tonne ($7.1/t) off buying prices for all grades effective from April 1 deliveries, the company announced on Wednesday morning.
India: TATA Metaliks Suspends Operations For Safety Mar 31, 2020

TATA Metaliks Limited (TML) one of the largest foundry grade pig iron manufacturers in eastern India, has shut down its operations w.e.f. 28th Mar'20.
Shagang cuts scrap buying prices 4th time by $4.3-7.1/t Mar 30, 2020

The latest scrap price cut of Yuan 30-50/tonne ($4.3-7.1/t) on March 29 by Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker, or the fourth time since March 22, was interpreted to reflect the recent weakening in domestic finished steel prices and higher scrap deliveries to mills, market sources told Mysteel Global Monday.
India: JSW Steel Suspends Operations due to COVID-19 Mar 30, 2020

As per recent release by BSE filings, company highlighted that the manufacturing operations in all of our locations have since been either scaled down or suspended (in certain locations).
Anglo American to operate Kumba iron ore at 50% workforce Mar 27, 2020

Diversified miner Anglo American plc has decided that its Kumba iron ore asset, the company’s subsidiary in South Africa, will reduce operations as the country goes into lockdown.
Global steelmakers shut plants under COVID-19 threat Mar 27, 2020

Several global steelmakers have recently halted or announced their intention to halt production at plants in regions that have been severely impacted by the deadly coronavirus disease COVID-19, Mysteel Global noted.
Glencore idles energy, metal operations to contain virus Mar 27, 2020

Glencore, a multinational energy and mineral producer, has been forced to join many other mining companies to idle its nonferrous and coal operations in several countries to cooperate with the respective countries’ efforts in containing the COVID-19, according to a company release on the afternoon of March 26 Central European Timezone.
Shougang Peru halts iron ore beneficiation on COVID-19 Mar 27, 2020

Shougang Hierro Peru S.A.A. (Shougang Hierro), a wholly-owned iron ore company of China’s Shougang Group, has become the latest victim of the COVID-19 among the mining companies, being forced to completely suspend its two beneficiation plants in Southern Peru until the end of March to combat the virus outbreak, a Shougang official confirmed on March 26, though the suspension took effect on March 16.
Shagang cuts steel scrap buying prices by $4.3/t Mar 26, 2020

Only two days after its previous price reduction, Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker, has lopped another Yuan 30/tonne ($4.3/t) off its steel scrap procurement prices for deliveries starting March 26, a move which a market source Thursday suggested was its response to the surge in scrap arrivals at steel plants and the recent retreat in domestic steel prices.
Iron Ore Dispatches from Odisha to Stop From 24 Mar'20 Mar 26, 2020

Following lockdown and with recent orders from collector, Odisha's iron ore dispatches are likely to be stopped starting 24 Mar'20 midnight, SteelMint learned from its sources.

Pre 1 2 3 4 5 Next

Product	Grade	Size	Price	Chg	Port
Billet	3SP/Q235	150*150	490	0	Tianjin
Rebar	HRB400	20*12	500	-10	Tianjin
HRC	Q235B	5.51500C	518	-15	Talian
Plate	Q345B	1218002000	515	-20	Tianjin
CRC	SPCC	1.0*1250	535	0	Tianjin
Galvanized	SGCC	0.31000C	665	0	Tianjin

Company

Shagang further trims steel scrap buying price by $7/t Apr 03, 2020

India: 2-y EC, FC for New Mine Owners, Govt Clarifies Apr 03, 2020

Tata Steel Cuts Operations in India, Europe on COVID19 Apr 03, 2020

Vale looks for way to lift Brucutu mine production Apr 02, 2020

SUMMARY: Impact of COVID-19 on metallurgical miners Apr 02, 2020

China’s MCC successfully diversifies from metallurgy Apr 02, 2020

India: TATA Steel BSL Halts Operation Amid COVID19 Apr 02, 2020

Vale: Virus to affect global iron ore market fundamentals Apr 01, 2020

FEATURE: China Baowu to buy raw materials as a group Apr 01, 2020

Japan’s JFE Steel to shut BF over falling steel demand Apr 01, 2020

Shagang cuts its scrap buying price by $7.1/t – again Apr 01, 2020

India: TATA Metaliks Suspends Operations For Safety Mar 31, 2020

Shagang cuts scrap buying prices 4th time by $4.3-7.1/t Mar 30, 2020

India: JSW Steel Suspends Operations due to COVID-19 Mar 30, 2020

Anglo American to operate Kumba iron ore at 50% workforce Mar 27, 2020

Global steelmakers shut plants under COVID-19 threat Mar 27, 2020

Glencore idles energy, metal operations to contain virus Mar 27, 2020

Shougang Peru halts iron ore beneficiation on COVID-19 Mar 27, 2020

Shagang cuts steel scrap buying prices by $4.3/t Mar 26, 2020

Iron Ore Dispatches from Odisha to Stop From 24 Mar'20 Mar 26, 2020

Daily Prices

Prices Summarization

FOB prices of steel products on August 6