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Steel Scrap & Metallics News Today
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Ferrous Scrap Prices Stable in Alang, Gujarat
JSW Steel Q4 Profit Plunges 65% Amid Cost Challenges
Stable TMT and Structure Prices in Raipur Market
Ferrous Scrap Prices Rebound in Alang, Gujarat
RINL's Blast Furnaces on Idle Mode: Massive Revenue Loss
India's Steel Exports Hit Five-Month Low
EU Scrap Market Struggles with Shortage Reports
Turkish HRC Sector Grapples with Weak Demand
South Korea Initiates Anti-Dumping Review on Stainless Steel Imports
Raipur's Secondary TMT Market Sees Slight Price Uptick
Chinese Steel Traders' Stocks Decline for Second Consecutive Week
April Sees Robust Growth in Shipbuilders' Orders
Shagang Slashes Scrap Purchase Prices by US$ 4/ton
Latest Market News Of Steel Scrap & Metallics
Daily Report
Insights
News
Weekly Update: Secondary Steel Market Rebounds, Primary Continues to Remain Stable (May Week 3)
1 day ago
Steel Scrap & Metallics
Insights
OfBusiness
During May's third week, India's secondary steel market initially struggled but later saw price surges due to improved demand. Primary steel market remained stable with ongoing firm prices. Raw material prices held strong, while ferroalloy prices dipped before stabilizing.
8
225
MS Scrap
Daily Market Report
18 May
OfBusiness MS Scrap Daily Market Report | 18th May 2024
1 day ago
Steel Scrap & Metallics
Daily Report
OfBusiness
Price stability in South India's ferrous scrap market post yesterday's dip. Demand steadied with no visible supply constraints, albeit with suboptimal cash flow. Mixed trends in South Asia's imported scrap market: Indian buyers are active with declining prices. Anticipates stable domestic prices today.
9
38
Secondary Structure Prices Turn Volatile, While Primary Stay Strong
2 days ago
Steel Scrap & Metallics
Insights
OfBusiness
In India, secondary structural steel prices fluctuate amid volatile market conditions influenced by sponge iron and billet movements. Meanwhile, primary segment prices stabilize. Challenges persist in supply due to seasonal factors and maintenance works, maintaining a supportive market outlook.
18
111
MS Scrap
Daily Market Report
17 May
OfBusiness MS Scrap Daily Market Report | 17th May 2024
2 days ago
Steel Scrap & Metallics
Daily Report
OfBusiness
Price in South India's Chennai market dropped by Rs. 500/ton across all categories. Current prices: Godown Grade Rs. 34,800/ton and Commercial Grade Rs. 32,800/ton. Sluggish demand for finished goods persists, affecting MS scrap prices. Turkey and South Korea's scrap imports affected.
6
41
Indian Stainless Steel Prices Record High: Will Renewing BIS License Impact the Industry?
3 days ago
Steel Scrap & Metallics
Insights
OfBusiness
Indian stainless steel prices soar to 6-month highs, with the 300 series at November 2023 levels. Global nickel prices drive the surge, hitting 8-month highs. Rising input costs prompt major producers to hike prices. Renewal of BIS license sparks concerns for imports.
11
100
MS Scrap
Daily Market Report
16 May
OfBusiness MS Scrap Daily Market Report | 16th May 2024
3 days ago
Steel Scrap & Metallics
Daily Report
OfBusiness
Today's ferrous scrap market in South India opens with stability, presenting consistent prices across various grades in Chennai. While demand for long steel products decreases slightly, prices remain steady. However, future demand fluctuations may influence pricing.
9
166
Are Rising Global Flat Steel Prices a Sign of Improvement for the Indian Industry?
4 days ago
Steel Scrap & Metallics
Insights
OfBusiness
Indian flat steel, notably HRC, faced stagnant demand and prices, but global prices are gradually improving, prompting speculation about its impact. While initial price hikes occurred in May, uncertainty persists regarding buyers' response to evolving global dynamics, with optimism post-elections for industry performance.
21
203
MS Scrap
Daily Market Report
15 May
OfBusiness MS Scrap Daily Market Report | 15th May 2024
4 days ago
Steel Scrap & Metallics
Daily Report
OfBusiness
Today's south Indian ferrous scrap market opened with stability. Demand and supply remained stable, with slight cash flow impact. Global scrap metal industry expects 7.1% CAGR growth till 2032, driven by rising iron and steel production and increased consumption across various sectors.
2
15
MS Scrap
Daily Market Report
14 May
OfBusiness MS Scrap Daily Market Report | 14th May 2024
5 days ago
Steel Scrap & Metallics
Daily Report
OfBusiness
Price stability in South India's ferrous scrap market with categories like Godown Grade at Rs 35,300/ton. Demand remains active but finished goods sentiment dips. Cash flow shows instability. Imported scrap trade subdued in South Asia. MS scrap market stabilizing post-hikes, with cautious buyer sentiment.
15
160
Primary Vs Secondary TMT Price Movements During the Third Week of May 2024
5 days ago
Steel Scrap & Metallics
Insights
OfBusiness
This week, primary TMT prices surged while the secondary market declined. RINL's closure and SAIL's maintenance shutdown contribute to supply shortages. Despite short-term pressure in the secondary market, hope for market rebound exists.
8
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