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voda 26 augustus 2019 16:27

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US Steel to Idle East Chicago Indiana Tin Mill

After revealing plans to let go of up to 200 workers at its Great Lakes facility in Michigan, US Steel announced on Friday that it will idle a plant in East Chicago in Indiana by mid-November as part of the consolidation of its till mill operations in the United States, a move which could result in lay offs for nearly 150 employees. The steelmaker blamed high levels of low-priced imports for its decision to consolidate work at East Chicago Tin facility into the ones at Gary Works and the Midwest Plant in Northwest Indiana. US Steel said "Following extensive market analysis of our global competitiveness in light of high levels of low-priced imported tin mill products entering the United States, we have decided to consolidate our current tin mill products production from three to two facilities, idling our East Chicago, Indiana, facility by mid-November 2019. Our goal is to place as many East Chicago Tin employees as possible at other nearby US Steel facilities."

US Steel said "We have made significant asset revitalization investments in our tin mill production capabilities at our Gary Works and Midwest Plant that have yielded notable quality and delivery improvements, increasing our first-time prime yield and capacity at these facilities. We will be working closely with our customers to ensure a smooth transition during this process. A significant contributor to the company's decision to idle the mill is low tin mill capacity utilization as a result of continued high levels of low-priced imports, which have captured roughly half of the US tin mill products market. These import levels make operating a three-facility footprint like ours unsustainable under current market conditions.”

The East Chicago facility currently employs 297 workers and the company expects to offer about half of the East Chicago tin mill's employees at the company's Gary Works and Midwest Plant in northwest Indiana. Exact numbers have not been finalized and are subject to discussions with the United Steelworkers union

Earlier last week, ArcelorMittal USA, also citing challenging conditions in the US domestic tin mill market, had said it was laying off approximately 100 employees at its tin mill in Weirton, West Virginia.

Source : Strategic Research Institute

voda 26 augustus 2019 16:28

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Visa Steel Shuts Down Remaining Ferrochrome Units in Jajpur

New Indian Express reported that Visa Steel has shut down its 1.5 million tonne integrated steel plant at Kalinga Nagar on Friday. With the retrenchment of 350 workers from its two furnaces, all units of ferrochrome plant were shut down. 3 ferrochrome units, SMS, HRM, power plan and mini blast furnaces of the firm were closed earlier and only two ferrochrome units of the plant were operational. The fate of another 2,000 workers and 930 employees, including executives and non-executives of the plant, hangs in balance. Mr Sanjeev Kumar Samal, a core member of VISA Steel Workers Union, said “Visa steel retrenched its 350 contract workers who used to work in its ferrochrome units. As a result, the remaining two ferrochrome units of the plant have been closed as the workers were engaged in both the units. Hence, the integrated steel plant is finally shut down.”

VISA Steel operated a 225,000 TPA blast furnace, 300,000 TPA sponge iron plant and 500,000 TPA steel plant through electric furnace route along with 150,000 TPA ferrochrome plant at Kalinga Nagar. It has a workforce of over 3,200 of which around 2,350 are workers, 500 non-executives and 400 executive employees. The integrated steel plant produced pig iron, sponge iron, TPA Bar, wire rod and ferrochrome. It has two DRI units, five ferrochrome units, power plant, steel melting shop and hot rolling mill.

Source : New Indian Express

voda 26 augustus 2019 16:30

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World’s Longest Zipline Built with Steel - worldsteel

A new tourist site in the UAE relies on the enduring properties of steel for the longest zipline in the world, resulting in a unique and thrilling experience. The UAE’s remote Ras Al Khaimah mountain range is perhaps the last place you would expect to find the world’s longest zipline. But by harnessing the power of steel, Toroverde Ecological Park overcame incredible logistical challenges to open the Jebel Jais Flight zipline in January 2018 and thanks to its single unbroken span of 2,831.88m was awarded with the accolade of being the longest on the planet by Guinness World Records. Jebal Jais is the UAE’s highest mountain, and the zipline begins an impressive 1,680m from the ground. Even at its lowest point visitors will find themselves 400m above sea level. The steel-built launch platform sits 1,680m above sea level and has transparent flooring

Undeterred by these difficult building conditions, the Jebel Jais team began work on the tourist attraction in August 201, taking just six months to complete the project. A combination of determination, engineering expertise and the flexible properties of steel were key in enabling Toroverde to create this stunning example of modern engineering.

Zipline users are able to reach speeds of up to 150km per hour, and a special harness allows them to be positioned like birds in flight – just two of the features that are helping to attract adrenaline junkies from across the world. The steel-built suspended platforms also feature incredible transparent flooring, ensuring breathtaking views at any point during the experience.

Ricardo Lizano, COO at Toroverde, said “Pretty much all of the construction was a challenge. We are talking about the longest zipline in the world, ending in a hanging platform 80 metres in the air, surrounded by very complicated topography in huge, rocky mountains. With steel, you can do beautiful architectural things and at the same time easily comply with demanding structural requirements. For the zipline, we used a custom-made, compacted steel cable. We then used steel to build both the launching platform and the end platform. We chose to use steel in the construction because it is a very user-friendly material that offers the best of both worlds. With steel, you can do beautiful architectural things and at the same time easily comply with demanding structural requirements.”

Lizano stresses that the most complicated challenge was fixing the cable in place from one side to another, an expanse equivalent to 28 soccer fields, and suspending the end platform. He said “It’s a nine tonne structure that hangs in the air, and there was no space for a crane, so we had to do it the old-fashioned way with working cables and pull lifts.”

Source : Strategic Research Institute

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voda 26 augustus 2019 16:44

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SAIL EBITDA to Remain at INR 5600 - Edelweiss

Edelweiss said that Steel Authority of India Limited’s relative performance is likely to remain subdued with expected EBITDA per tonne is likely to remain at INR 5,600 through to FY21. SAIL’s) Q1FY20 EBITDA of INR 16 billion surpassed consensus on lower-than-expected cost.

Key highlights
Blended realisation fell 6% YoY to INR 45,614
Sales volume was flat (down 21% QoQ) at 3.25 million tonne
Interest cost rose 4% YoY to INR 7.8 billion

Going ahead, we expect EBITDA per tonne t to be constrained at INR 5,600 on an average owing to Further weakening of realisation

Sustained high proportion of semis until SMS 3 at Durgapur plant ramps up Furthermore, we expect muted volume ramp-up and the ~16 million tonne saleable steel production in FY20 to be challenging amidst inventory build-up and curtailing production.

High cash commitments amidst operating headwinds - Despite management guiding for debt to stay below INR 440 billion, as of Q1FY20 end it stands at INR 485 billion the highest-ever level for SAIL. Besides, we are concerned on cash commitments, CAPEX of INR 40 billion in FY20e and INR 32 billion debt repayment obligation. These are expected to account for bulk of EBITDA amidst a challenging operating environment besieged by weak prices.

Source : Strategic Research Institute

voda 26 augustus 2019 16:45

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RINL Facing Severe Cash Crunch - Report

Deccan Chronicle reported that Rashtriya Ispat Nigam Limited is facing a severe financial crisis, so much so that it is finding it difficult to even pay salaries to its employees. For the first time since its inception, RINL paid July salaries to the executives on August 9. RINL deputy general manager, corporate communications, R.P. Sharma said that almost all steel units in the country were facing a similar situation. He said “Due to poor sales, there was a little delay in paying salaries.”

RINL pays about INR 200 crore for salaries each month to its employees.

The report quoted a top RINL official as saying that “It is a fact that the plant is facing very tough times. Production has reduced as the stocks in the yards have piled up. The management has no money. The stocks in the yards have reached 7.5 lakh tonnes, as of today. As there is no sale of steel, automatically currency flow has been affected. New marketing techniques should be launched and marketing department should wake up and improve the sales. Everyone is talking about the recession, but no one is trying to increase the sales.”

The unions have demanded that the RINL management strengthen the marketing department and introduce new strategies on par with the private steel companies, to boost sales.

Source : Deccan Chronicle

voda 26 augustus 2019 16:45

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Shandong Iron & Steel H1 Net Profit Dips by 66% YoY

Chinese steel producer Shandong Iron and Steel Groups Shandong Province based subsidiary Shandong Iron and Steel Co Ltd has reported net profit slump 65.58% YoY in the first half of 2019. The company's net profit attributable to shareholders reached CNY 577.5 million (USD 81.5 million) in the first six months, compared with CNY 1.68 billion in the same period last year. Over the period, the company saw its revenue reach 32.35 billion yuan, up 30.06% YoY.

It produced 5.43 million tonnes of crude iron, 6.26 million tonnes of steel and 5.72 million tonnes of steel products in the first half, up 16.03%, 24.86% and 19.53% YoY.

Source : Strategic Research Institute

voda 26 augustus 2019 16:48

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City of Portage Wants Answers from ArcelorMittal after Cyanide Spill

WNDU reported that city of Portage wants answers after an Indiana steel company failed to report a cyanide spill that shut down the Portage Lakefront and Riverwalk and killed more than 3,000 fish. Portage beaches reopened Thursday, but not before a cyanide and ammonia spill that caused America's newest national park to close down. Portage Mayor John Cannon told 16 News Now's Ibrahim Samra that "ArcelorMittal Steel dumped too much cyanide and too much ammonia into the system, into our waterway system that takes it out into Lake Michigan.”

According to Cannon, ArcelorMittal Steel reportedly dumped 188 pounds of cyanide into the Little Calumet River more than eight times the legal limit per day.

The Indiana Department of Environmental Management has also been criticized for failing to report the cyanide spill.

Source : Wndu

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voda 26 augustus 2019 16:49

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Secondary Steel & Pellet Makers Oppose Plan to Ease Mining Lease Area Cap

Business Standard reported that Indian secondary steel players and pellet have stoutly opposed a proposal by the Odisha government to the Centre for relaxing the ceiling on mining lease area. Mr Vijay Jhanwar, president, Chhattisgarh Sponge Iron Manufacturers Association said in a letter to the PMO said that “If relaxation is done under Rule 6 (1) (b) then two or three very large monopolies will be created and the small and mid-sized steel plants as well as mid-sized companies will have no fair opportunity to have a mine. Even the consortium of small steel producers will not be able to compete.”

Echoing similar views, Mr Amit Gupta, executive director Atha Group, said that “The government should not relax the mining lease area limits as this move will promote two or three big players while secondary steel makers who contribute 50 per cent to Odisha’s output will suffer.”

Under Section 6 (1) (b) of Mines and Minerals Development & Regulation Act, any leaseholder with 10 square kilometers or more area in its control is debarred from acquiring any more mining lease in a state. To overcome this restraining clause, the state government had shot off a missive to the Union mines ministry, to revise the area limit to 58 square kilometers for iron ore and associated minerals. The state government’s argument is premised on the fact that Steel Authority of India Ltd a central sector PSU, possesses approximately 55.01 square kilometers of mine lease area in Odisha. Besides, 2.77 square kilometers area has been reserved by the central government for exploration and exploitation through SAIL. It may be noted that mining lease area limits have been expanded to 75 square kilometers in Jharkhand and 50 square kilometers in Chhattisgarh.

The Union mines ministry which had previously spurned the state’s request is now vetting the proposal afresh. Also, the ministry has instructed the state government to hold on the auctions process till a decision is worked out.

The tussle between the central mines ministry and the state government has taken a toll on Odisha’s mineral block auctions. No block could be put to online auctions in FY19 as the matter relating to mine lease area cap was enmeshed in litigation. In this fiscal too, the state government despite having readied many blocks, is unable to auction them, pending a decision from the Centre.

Source : Business Standard

voda 26 augustus 2019 16:50

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Iran Steel Production in 4 Months Up by 8% to 15 million Tonne

Financial Tribune reported that Iranian steelmakers produced a total of 15.61 million tonnes of steel products during the first four months of the current Iranian year (March 21-July 22) to register an 8% YoY. Iranian Steel Producers Association's latest report showed that semi finished steel made up 8.68 million tonnes of the total output, up 5% YoY. Billet and bloom made up 5.12 million tonnes of all semi-finished production while slab output hit 3.55 million tonnes to register a 14% rise and a 6% decline respectively YOY. As for finished steel, output increased 12% YoY to reach 6.93 million tonnes.

Flat steel products had the lion's share of finished steel production with 3.58 million tonnes, up 12% YoY. HRC comprised 3.01 million tonnes of the production in this category, registering a 9% growth YoY, followed by CRC with 871,000 tonnes (up 11% YoY) and coated coil with 536,000 tonnes (up 12% YoY). This is while long steel products had a 3.34 million tonne share in the output of finished steel products during the four months, posting a 13% rise YoY.

Rebar had the largest share with 2.7 million tonnes (up 14% YoY), followed by beams with 369,000 tonnes (up 19% YoY) and L-beam, T-beam and other types with 268,000 tonnes (down 3% YoY).

Source : Financial Tribune

voda 26 augustus 2019 16:50

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Cost Cutting Crucial for Steel Units - Mr PK Nath

In the present scenario of a global downturn, it is crucial for the domestic steel units to adopt cost-cutting measures to stay afloat. Rashtriya Ispat Nigam Ltd CMD Mr PK Rath said the long-term prospects for steel market were very promising, but in the short term the vicissitudes had to be weathered, as it was a cyclical market. He said “RINL is adopting all possible cost-cutting measures and producing quality steel catering to the market needs.”

Mr Rath said “The forged wheel plant of the RINL at Raebareli in Uttar Pradesh would be ready for commissioning in September. We have all the facilities in our integrated steel plant. We are hopeful of better days soon, though the first quarter was not very encouraging.”

He said it was necessary for the steel industry to adopt eco-friendly measures and to invest in such technologies and also boost steel consumption in rural India.

Source : Business Line

voda 26 augustus 2019 16:55

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SAIL VISL Workers Protest Enters 50th Day

Hindu reported that indefinite protest being staged by the workers of Visvesvaraya Iron and Steel Plant a public sector undertaking in Bhadravati, entered the 50th day on Friday. The workers of the firm launched an indefinite protest near the main gate in Bhadravati against the move on July 5. Mr Jagadeesh J, president VISP Workers’ Union, said the move has created apprehension among workers about their future. He said that politicians, who had sought votes during the elections, promising to revive VISP, had turned blind to their plight now. He said that, during his visit to VISP in 2015, Mr Narendra Singh Tomar, Union Minister for Steel then, had assured that if the State government sanctioned captive mine for VISP, SAIL would invest INR 1,000 crore for modernisation of the firm. Referring to the decision taken by the State government to sanction 150 acre captive mine for VISP in Block number 13/1 in Ramanadurga range of Ballari district in August 2017, he said that though the State government has sanctioned captive mine, SAIL failed to fulfil its promise of investing money for modernisation.

Steel Authority of India Limited, that is managing VISP at present, had floated an expression of interest for the proposed strategic disinvestment in its three steel plants including VISP.

Source : Hindu

voda 27 augustus 2019 16:24

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Groei mondiale staalproductie vertraagt

FONDS KOERS VERSCHIL VERSCHIL % BEURS
ArcelorMittal
12,498 0,096 0,77 % Euronext Amsterdam
Bekaert
24,40 -0,22 -0,89 % Euronext Brussel

(ABM FN-Dow Jones) De wereldwijde staalproductie is in juli aanzienlijk minder hard gegroeid dan in juni. Dit bleek dinsdag uit cijfers van de brancheorganisatie World Steel Association.

In totaal maakten de 64 staalproducerende landen in de afgelopen maand 156,7 miljoen ton staal, een stijging van 1,7 procent op jaarbasis. In juni was deze groei nog 4,6 procent.

Met name de groei in China zwakte af vergeleken met de voorgaande maanden. De grootste producent ter wereld produceerde 85,2 miljoen ton staal, wat 5,0 procent meer was op jaarbasis. De voorgaande maanden was dit nog 10 procent of meer.

In de VS groeide de staalproductie met 1,8 procent. In Japan, Zuid-Korea en Oekraïne daalde de staalproductie licht, vergeleken met juli 2018. Sterke dalingen waren er in Brazilië en Turkije, met respectievelijk 21 en 11 procent.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 27 augustus 2019 16:36

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Indian Steel Consumption Set for Slowest Growth in 3 Years - ICRA

Bloomberg reported that demand for steel in India could grow at the slowest pace in three years as an economic slowdown in the global industry’s bright spot deepens. Moody’s Investors Service’ Icra Ltd said that steel consumption in India is likely to increase by less than 6% this fiscal year, slowest pace since a 3.1% increase in the year ended March 2017. Mr Jayanta Roy, senior vice president at ICRA, said in an interview “Our earlier view was that demand should grow at 6% to 7%. A growth of 7% would be out of line with the current situation now and even 6% in today’s environment would be optimistic. Fresh capital expenditure from the government is critical for demand growth as private spending on projects is low, and construction and infrastructure remain the most important drivers of India’s steel consumption. The industry is now focusing on the second half of the financial year to see whether large projects of railways, pipelines, electricity transmission, urban infrastructure or roads gain momentum or not. If they do, there could be some respite. If they don’t then the concerns would be higher.”

According to media reports, Joint Plant Committee data showed that India's steel consumption for April-July amounted to 33.706 million tonnes, about 6.6% higher than the 31.607 million tonnes recorded a year ago, up by 9.7% higher from the 28.820 million tonne seen in the corresponding months of 2017.

Source : Bloomberg

voda 27 augustus 2019 16:36

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How Steel Prices Affect Indian GDP – EPW Study

Mint reported that according to an Economic and Political Weekly study by Jayanta Kumar Mallik of the Reserve Bank of India, the current method of measuring gross capital fixed formation, which is regularly used as a proxy for investment activity, needs more scrutiny and could be biasing overall GDP growth estimates. According to Mallik, GFCF as estimated by the Ministry of Statistics and Programme Implementation is heavily swayed by a single factor: the price of steel. He argues that the estimates of pucca construction, which form the main building block of gross fixed capital formation, are prepared from limited information on basic construction material and use of improper weights. Iron and steel, with two-thirds of the weight assigned to basic construction material, occupies a key position in the estimation and because of this, the impact of the increase in steel prices is likely overplayed in the calculation of GFCF.

Mallik shows how changes in GFCF track the movement in steel prices. For instance, steel prices surged between 2003-12, a period when investment rates increased and declined during 2012-17 when investment rates correspondingly fell. He argues that the inflated growth in GFCF created an upward bias for GDP growth estimates in 2003-12 while there was a downward bias for the 2012-17 period.

According to Mallik, excluding GFCF from GDP results in a more regular pattern of GDP growth. He concludes that India needs to pursue policies that facilitate business activity and use better methods to measure this activity.

Source : Mint

voda 27 augustus 2019 16:37

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BaoSteel Net Profit in H1 of 2019 Dips by 38% YoY

The total turnover of BaoSteel in the first half of 2019 was approximately CNY 140.9 billion, decreasing by 5.16% year on year; the total net profit was around CNY 61.9 billion, dropping by 38.19% year on year.

Source : Strategic Research Institute

voda 27 augustus 2019 16:38

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RINL CMD Reviews Performance of the Plant

Mr PK Rath, CMD of RINL, while reviewing the performance of the plant and current steel market scenario with senior management, has taken stock of the situation on Company’s financial front and the initiatives to improve the cash flow. He expressed the hope that Steel Industry has a great future and will recover shortly due to the government initiatives of infusing huge spending of several lakh crores on infrastructure projects, development of smart cities, highway developments, railway projects etc. He said “The sops announced by government to stimulate the economy will further boost the steel market.”

Mr Rath observed that producing steel at lowest cost is the need of the hour and is a prime requisite for sustainable growth and RINL is moving in that direction to achieve global bench marks in improvement in techno-economic parameters such as specific energy consumption, raw material consumption, waste recycling, waste heat recovery etc.

Source : Strategic Research Institute

voda 27 augustus 2019 16:41

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China Steel Corp Hikes Electrical Steel & EG Prices

China Steel Corp announced that it would keep steel prices unchanged for most products for domestic deliveries in the fourth quarter and would increase prices moderately on two products to reflect improved market conditions. The company would increase the price of electrical sheets by NTD 255 per tonne and electro-galvanized sheets by NTD 173 per tonne. The decision reflected operating challenges faced by steel mills around the world as well as domestic downstream industries, especially continued high costs for raw materials such as iron ore.

CSC said that “Considering the market conditions and operating situations of downstream industries, CSC had been absorbing the increased costs to relieve pressure on downstream customers. However, the ability of major steel mills to maintain cost absorption has reached its limit and the fourth quarter is the traditional peak season, so major mills in the US, Japan, China and South Korea have announced price increases. It is expected that steel prices and transaction volumes in the fourth quarter should improve.”

Source : Taipei Times

voda 27 augustus 2019 16:43

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US Steel Imports in 7 Months Down by 11% YoY- AISI

Based on preliminary Census Bureau data, the American Iron and Steel Institute reported today that the US imported a total of 3,028,000 net tons of steel in July 2019, including 1,843,000 net tons of finished steel (up 48.3% and 6.6%, respectively, vs. June final data). Through the first seven months of 2019, total and finished steel imports are 18,666,000 and 13,536,000 net tons, down 10.6% and 16.4%, respectively, vs. the same period in 2018. Annualized total and finished steel imports in 2019 would be 32.0 and 23.2 million NT, down 5.1% and 9.7%, respectively, vs. 2018. Finished steel import market share was an estimated 19% in July and is estimated at 21% over the first seven months of 2019.

Key finished steel products with a significant import increase in July compared to June were cut lengths plates (up 55%), line pipe (up 29%), hot rolled bars (up 24%), plates in coils (up 23%), standard pipe (up 21%), hot rolled sheets (up 19%), sheets and strip hot dipped galvanized (18%), wire rods (up 16%), mechanical tubing (up 16%), sheets and strip all other metallic coatings (up 11%), and heavy structural shapes (up 10%).

In July the largest volumes of finished steel imports from offshore were from South Korea (180,000 NT, up 10% from June final), Japan (87,000 NT, down 23%), Taiwan (83,000 NT, down 3%), Brazil (80,000 NT, up 423%) and Germany (75,000 NT, down 24%). For the first seven months of 2019, the largest offshore suppliers were South Korea (1,629,000 NT, down 16% vs. the same period in 2018), Japan (810,000 NT, down 7%), Germany (692,000 NT, down 9%), Taiwan (606,000 NT, down 8%) and Vietnam (496,000 NT, down 21%). Below are charts on estimated steel import market share in recent months and on finished steel imports from offshore by country.

Voor cijfers, zie pdf.

Source : Strategic Research Institute

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voda 27 augustus 2019 16:44

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Vanadium Demand Rising after Prices Slump - Evraz VP

Bloomberg reported that world’s largest vanadium producer outside China Evraz Plc said steelmakers are boosting their use of vanadium again after it slumped as much as 75% this year. Alexander Erenburg, VP of Evraz, said “The current vanadium price of USD 30 to USD 40 per kilogram makes it optimal for steel alloying both in terms of costs and the technological process.”

He said that steelmakers had substituted 15% of their consumption of the metal.

Vanadium, used to strengthen steel, peaked at more than USD 120 per kilogram at the end of 2018 after China implemented new construction standards, stipulating the use of such toughened alloys in houses and infrastructure. Prices of the metal plunged this year as steelmakers partially substituted it with alternatives, such as niobium and titanium.

Source : Bloomberg

voda 27 augustus 2019 16:52

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GMS Market Commentary on Shipbreaking in Week 34 - Stifled Sentiments!

Despite the conclusion of Eid holidays and the on going shortage of tonnage in the market, subcontinent locations, especially India and Pakistan, remain stranded around the mid USD 300s/LDT mark. As the on going declines over the summer / monsoon months have been notably drastic and significant, going into the fourth quarter of the year, Cash Buyers with expensive, large LDT inventory to offload are still hoping for levels to pick up in Bangladesh, however, the timing of such a recovery remains uncertain. Concerns of a recession in the US amidst trade war jabs with China, in addition to a global fall in steel plate prices have added further negativity to sentiments this week and there remains a great degree of hesitation from end Buyers to engage in negotiations / offer firm numbers, especially until some sort of sensible stability is seen.

Levels in India have been hit the hardest by the dual dilemmas of collapsing steel plate prices and a depreciating currency. Pakistan too is not far behind, albeit, not for anything other than mirroring its nearest competitor’s pricing, as both compete for the dubious honor of being the lowest placed subcontinent market for anther week.

Bangladeshi Buyers have been off on Eid holidays over the past week and it is hoped that it should be another week or so before activity starts to pick up again. Nevertheless, many yards remain stuffed with large LDT inventory beached here during the early part of the year, most of which has struggled to shift over the recent months due to the constant rains.

Finally, Turkey’s frozen summer session continues unabated, with reportedly no change in Turkish plate prices, although the currency did weaken a shade this week, making matters unapologetically worse for Turkish Recyclers.

On the sales front, there was one interesting market fixture of a VLOC with over 1,200 Tons of bunkers remaining on board at the time of delivery, as the price touched slightly above USD 400/LT LDT, basis a likely Chattogram resale, for the first time in almost 3 months.

Source : Strategic Research Institute

Vertraagd	4 jun 2024 17:35
Koers	23,820
Verschil	-0,530 (-2,18%)
Hoog	24,380
Laag	23,810
Volume	3.024.340
Volume gemiddeld	2.645.505
Volume gisteren	3.362.128

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