The Indian Rupee continued to gain against the U.S. dollar with a strong rebound erasing some of the worst fall from its low record of 57.33 on June 22. Appreciating rupees against U.S. dollar Read more
Reports revealed that ferrous scrap prices to Taiwan will be soar by $2 to $5/MT from last week.. South Korean and Southeast Asian buyers increased their buying activities made US ferrous scrap Read more
It is reported that the prices of the US scraps for October shipments have dropped further by $5 CFR/MT. Only a few cargoes were being heard sold last week. According to the marker Read more
Known to be the world leader in the production of steel with major steel producing players of the Industry, the import of steel scrap has dropped by 25% in comparison to the imports Read more
Millions if not billions tons of scrap vehicles disintegrate all over the world due to legal issues. If only the law ministers can take a decision on how and when they should be Read more
For the past few days the Indian steel market is under fluctuation. Though some changes took place in the ingot prices, however there were no improvement in the Direct reduced Iron prices. Read more
U.S containers of HMS 80:20 were traded between $443 - $450 C&F in Taiwan in the recent past. Presently, the prices fell by $5 per ton and it is now traded between $438 - $443 CNF. Decreased Read more
Sources reveal that the US scrap suppliers quoted US$470/ton C&F for H1 scrap to South Korea and this shows that there is no such huge change in prices lately and the scrap import market remained Read more
Steel mills in Turkey had postponed their purchase of scrap from US for around 10days. After this break, steel mills are now setting out to purchase scrap from US.Lately, there was bulk purchase of Read more
Prices of base metals fell by Rs.5/kg in the local non-ferrous market. The root for the decline in prices is due to weakening global demands. Beginning with copper, the prices declined in global Read more
Price hike of long products has been declared by major steel manufacturers. The reasons for the hike seems to be due to - Power dearth in South IndiaInadequate scrap supplyShortage of iron ore Read more
Census bureau reports reveal clearly that the import of re-bar & wire rod by US has declined from the past 6 months. In the month of November the import figure was 42,228 tones. The import Read more
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