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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 1	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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