Iran to Ship 10,000 MT of HRC to India.
As per vessel line up data maintained with SteelMint, another vessel of HRC import from Iran is to arrive at Indian port.
As per the bulk vessel data maintained with SteelMint, the vessel “Kengtung” carrying 10,000 MT HRC is seen at anchorage at Mumbai port. As per reports, the shipper is Mobarakeh Steel Company.
SteelMint in its earlier report mentioned that Indian steel mills imported 32,000 MT of HRC from Iran via vessel named “Platamon” and second shipment of 31,850 MT on vessel “Sea Sapphire”.
Towards end of Jan'19, SteelMint reported that Indian mills had booked the HRC from Iran at around USD 450/MT CFR basis for March shipments from Iran.
Domestic HRC, CRC prices stable; trades weaken amid holidays- Current trade reference prices in traders market for HRC (IS2062) 2.5 mm-8 mm is around INR 42,500/MT (ex-Mumbai) and INR 42,500/MT (ex-Delhi) and INR 44,500/MT (ex-Chennai). The prices mentioned above are basic prices excluding GST @ 18% on cash payment basis.
Currently trade reference prices for CRC (IS513) 0.9mm is hovering in the range of INR 46,500-47,000/MT (ex-Mumbai), INR 47,000-48,000/MT (ex-Delhi) and INR 51,000/MT (ex-Chennai). The prices mentioned above are basic prices excluding GST@18% on cash payment basis.
This week Indian HRC trade prices have remained range-bound amid sluggish trades in domestic market. Market participants are in a festive mood amid Holi holidays which has led to dull sentiments in domestic market.
source: SteelMint
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
India’s record gold import said to be due to calculation error
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Skeena advances Eskay Creek permitting, unlocks Orion funding
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
