Trends - steelmaking - Business Recorder

steelmaking

China to complete transition of 80% of steel output capacity to ultra-low carbon by 2025

SHANGHAI: China plans to complete the transition of 80% of current steel production capacity to ultra-low carbon...

Published 15 Oct, 2023 10:34am

Markets

Iron ore futures drift lower

MANILA: Iron ore futures in Singapore fell on Friday, pressured by worries about near-term demand in China where ...

Published 15 Oct, 2023 03:19am

Markets

SGX iron ore set for best week in 3 months

MANILA: Iron ore futures rose on Friday, with the Singapore benchmark on track for its biggest weekly gain since...

Published 17 Sep, 2023 06:05am

Markets

Shanghai steel futures range-bound as Covid lockdowns offset stimulus measures

BEIJING: Chinese steel futures flitted in a tight range on Wednesday, as Covid-19 lockdowns continue to dampen ...

Published 26 May, 2022 05:26am

Markets

China metallurgical coal surges on supply concerns

BEIJING: Chinese ferrous futures advanced on Tuesday, with coking coal surging more than 7% on tight supply, while...

Published 09 Feb, 2022 05:46am

Markets

Iron ore falls as high China inventory dampens 2022 price outlook

SHANGHAI: Iron ore futures slipped on Friday, as rising portside inventory of the steelmaking ingredient in top ...

Published 11 Dec, 2021 04:12am

Markets

Iron ore tumbles as China steel curbs are back in focus

Iron ore futures were under pressure on Tuesday, with the Singapore benchmark retreating nearly 7% after a four-day...

Published 12 Oct, 2021 11:37am

Markets

Dalian coke hits 11-week high on China regulatory curbs

MANILA: Dalian coke futures rose for a third straight session on Tuesday to hit an 11-week peak, while coking coal...

Published 28 Jul, 2021 04:45am

Markets

Shanghai stainless steel hits record high

BEIJING: Chinese stainless steel futures surged more than 6% to an all-time high on Friday propped up by strong...

Published 17 Jul, 2021 04:21am

Markets

Shanghai steel futures jumps, set for weekly gains on raw material strength

Shanghai stainless steel futures, for July delivery, fell 2.6% to 15,705 yuan a tonne.

Published 04 Jun, 2021 10:50am

Markets

China's Shandong aims to cut 21mn T steel capacity by 2022

Shandong is the third biggest steel producer in China.

Published 19 Apr, 2021 12:08pm

Markets

Strong global steel demand lifts Asia's iron ore benchmarks

Construction steel rebar on the Shanghai Futures Exchange fell 1%, while hot-rolled coil slipped 0.3%. Still, Shanghai's most-traded steel contracts are among this year's top gainers in China's ferrous metals complex.

Published 19 Apr, 2021 11:53am

Markets

Asia's iron ore futures rise for third day on demand pickup, supply worries

However, Lee said any price upside for iron ore appears limited for now.

Published 25 Mar, 2021 01:07pm

Markets

Dalian coke extends losses; iron ore rebounds

SINGAPORE: Dalian coke futures slumped for a third straight session on Tuesday, weighed down by weak demand for the...

Published 24 Mar, 2021 05:10am

Markets

China iron ore, coke futures tumble on Tangshan pollution clampdown

"The spectre of further restrictions on the real estate market (is) also weighing on sentiment," ANZ commodity strategists said in a note.

Published 22 Mar, 2021 11:28am

Markets

China Jan-Feb iron ore imports up on healthy demand

BEIJING: China’s iron ore imports rose 2.8% for the first two months of 2021 from a year earlier, customs data...

Published 09 Mar, 2021 05:45am

Markets

China steel, iron ore futures fall sharply as demand optimism wanes

"On top of that, the seasonal restocking cycle of national steel inventories is drawing to a close, with the growth in stocks slowing this week, meaning that some mills will soon start to moderate capacity utilization rates," he said.

Published 05 Mar, 2021 10:39am

Markets

Dalian coking coal hits 3-month low as supply, imports stabilise

Coke futures on the Dalian bourse slumped 3.3% to 2,475 yuan a tonne.

Published 01 Mar, 2021 09:56am

Markets

Dalian iron ore hits 3-week high on China demand hopes

SHANGHAI: Dalian iron ore jumped to its highest in three weeks on Wednesday and was set for a weekly gain of more...

Published 11 Feb, 2021 04:34am

Markets

Iron ore rallies for fifth day, set for 6% weekly gain on demand hopes

"Australian miners' output is expected to lift only marginally, leaving the Brazilian giant, Vale, crucial to the overall recovery in supply," he said in a monthly outlook.

Published 10 Feb, 2021 11:36am

Markets

China’s iron ore futures rise on pre-holiday trade

BEIJING: Iron ore futures rose on Monday, with China’s benchmark contract extending a run of strong gains for a...

Published 10 Feb, 2021 04:12am

Markets

Iron ore rises on easing China liquidity concerns, upbeat demand outlook

However, trading in spot and futures markets for iron ore and steel has thinned ahead of China's week-long Spring Festival holiday beginning on Thursday.

Published 09 Feb, 2021 11:52am

Markets

Iron ore jumps as Brazil’s output subdued

BEIJING: Iron ore futures leapt on Thursday, after Vale SA released lacklustre annual production figures, as the...

Published 07 Feb, 2021 04:07am

Markets

Iron ore futures rise on post-Lunar New Year demand optimism

After the holiday, Widnell said "leading indicators will be the pace at which warehouses restock steel, rebounding blast furnace capacity utilization rates, and slower arrivals of Australian and Brazilian iron ore - all of which should be price supportive".

Published 05 Feb, 2021 11:38am

Markets

Iron ore hits near 2-month low on weak China pre-holiday demand

As iron ore demand dips, portside inventory in China rose for a third straight week to 126.20 million tonnes as of Jan. 29, SteelHome data showed.

Published 02 Feb, 2021 01:05pm

Markets

China steel rebar set for third straight weekly loss as inventories jump

Prices for steelmaking ingredients all fell.

Published 29 Jan, 2021 10:32am

Markets

China iron ore futures decline on sluggish pre-holiday downstream consumption

Spot 62% iron ore for delivery to China was unchanged at $167.5 per tonne on Wednesday from the previous session, according to SteelHome consultancy.

Published 28 Jan, 2021 12:13pm

Business & Finance

Rio Tinto Q4 iron ore output rises on China demand recovery

"In China, the industrial sector has recovered and is now at pre-COVID levels due to the rapid deployment of stimulus," Rio said in a statement.

Published 19 Jan, 2021 12:21pm

Markets

Iron ore futures retreat as China steel margins weaken

Rebar on the Shanghai Futures Exchange fell 1.2% by 0307 GMT, while hot-rolled coil slumped 1.6%. Stainless steel outperformed with a gain of 0.9%.

Published 19 Jan, 2021 10:38am

Markets

Shanghai base metals fall as virus cases rise in China

The total number of new COVID-19 cases stood at 103, the highest since 127 cases were reported on July 30.

Published 11 Jan, 2021 11:44am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Dec 11 Chakwal Spinning Mills Limited(CWSM)	3.35 ▲ 1.00 (42.55%)
Pak Agro Pack. (GEM) / Dec 11 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.67 ▲ 1.00 (14.99%)
Dar-es-Salaam / Dec 11 Dar-es-Salaam Textile Mills Limited(DSML)	8.49 ▲ 1.00 (13.35%)
First Elite Cap.Mod / Dec 11 First Elite Capital Modaraba(FECM)	5.51 ▲ 0.51 (10.20%)
Aisha Steel(ConPS) / Dec 11 Aisha Steel(ConPS)(ASLPS)	8.99 ▲ 0.79 (9.63%)
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	4.58 ▲ 0.39 (9.31%)
AEL Textile / Dec 11 AEL Textile Limited(AEL)	26.50 ▲ 1.85 (7.51%)
Burshane LPG / Dec 11 Burshane LPG (Pakistan) Limited(BPL)	22.47 ▲ 1.57 (7.51%)
Shahtaj Textile / Dec 11 Shahtaj Textile Limited(STJT)	92.10 ▲ 6.43 (7.51%)
Khyber Tobacco / Dec 11 Khyber Tobacco Company Limited(KHTC)	389.19 ▲ 27.15 (7.50%)

Stock	Price
Redco Textile / Dec 11 Redco Textiles Limited(REDCO)	6.16 ▼ -0.64 (-9.41%)
Next Capital / Dec 11 Next Capital Limited(NEXT)	6 ▼ -0.60 (-9.09%)
Sec. Inv. Bank / Dec 11 Security Investment Bank Limited(SIBL)	5.25 ▼ -0.49 (-8.54%)
Unicap Modaraba / Dec 11 Unicap Modaraba(UCAPM)	1.71 ▼ -0.15 (-8.06%)
Masood Textile / Dec 11 Masood Textile Mills Limited(MSOT)	53.20 ▼ -4.30 (-7.48%)
Habib Ins. / Dec 11 Habib Insurance Company Limited(HICL)	6 ▼ -0.43 (-6.69%)
Rafhan Maize / Dec 11 Rafhan Maize Products Company Limited(RMPL)	10555 ▼ -735.00 (-6.51%)
Pak Refinery / Dec 11 Pakistan Refinery Limited(PRL)	29.76 ▼ -2.04 (-6.42%)
HBL Invest Fund / Dec 11 HBL Investment Fund(HIFA)	3.81 ▼ -0.25 (-6.16%)
P.S.O. / Dec 11 Pakistan State Oil Company Limited(PSO)	204.26 ▼ -12.96 (-5.97%)

Stock	Volume
K-Electric Ltd. / Dec 11 K-Electric Limited(KEL)	342,535,258 ▲ 0.10
WorldCall Telecom / Dec 11 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.03
P.T.C.L. / Dec 11 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▼ -0.09
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.39
Fauji Foods Ltd / Dec 11 Fauji Foods Limited(FFL)	47,998,197 ▼ -0.18
Cnergyico PK / Dec 11 Cnergyico PK Limited(CNERGY)	46,684,647 ▼ -0.21
B.O.Punjab / Dec 11 The Bank of Punjab(BOP)	32,876,325 ▼ -0.02
Pak Elektron / Dec 11 Pak Elektron Limited(PAEL)	29,819,540 ▲ 0.37
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	27,935,500 ▼ -0.04
Pak Int.Bulk / Dec 11 Pakistan International Bulk Terminal(PIBTL)	25,443,500 ▲ 0.08

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 11	284.32
USD PKR Interbank Buying / Dec 11	283.77
USD to Japanese Yen / Dec 11	145.58
USD to Swiss Franc / Dec 11	0.88
Pound Sterling to USD / Dec 11	1.25
Euro to USD / Dec 11	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
Nasdaq / Dec 8	14403.97
FTSE 100 / Dec 8	7554.47
Dow Jones / Dec 8	36247.87
Germany DAX 30 / Dec 8	16759.22
France CAC40 / Dec 8	7526.55
India Sensex / Dec 11	69967.53
Tokyo Nikkei / Dec 11	32769.15
Hang Seng / Dec 11	16020.71

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Crude Oil USD/Barrel / Dec 11	71.63
Gold Spot USD/Ounce / Dec 11	1996.45
Cotton US¢/pound / Dec 11	82.25

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