Indian Secondary Rebar Market Observes Limited Demand

Trade volumes exist lower than average volume and mounting stock urging industrialists to maintain the supply chain with considerable trade discount and further assumption by trade participants is the price range should change as per market requirement. Backlog orders are yet to be lifted by traders and associates which were booked by more than couple of weeks amid high liquidity crunch along with upcoming monsoon, drought issue in south as well as west region with prospective hampering construction activities might get place. Further, participants from few major locations assume that price range might get contracted for immediate cash inflow for due electricity bills and to prevent further burden. Trade Updates (Rebar 12mm) -- Central region, Raipur based - SPEED TMT has unchanged their offers at INR 35,000/MT. -- Real Ispat (GK TMT) is current offering at INR 37,500/MT. -- Gujarat based Shreeyam Power & Steel Industries Ltd. (National TMT) has unchanged their offers at INR 36,600/MT FoR. -- Jalna based SRJ Peety Steels Pvt Ltd (Shree Om) is offering at INR 35,900/MT. -- Jalna based Rajuri Steel Pvt Ltd (Rajuri TMT) has maintained their offers at INR 35,800/MT. -- Chennai based J.R. Metal Chennai Ltd. (JR TMT) is offering at INR 36,800/MT. Note – Prices mentioned above are ex-work, excluding GST & changes are placed on day basis & prices are subject to re-confirmation. source: SteelMint

Indian Secondary Rebar Market Observes Limited Demand

Copper slips as US data stokes worries about rate-cut policy

El Salvador sitting on $3 trillion worth of unmined gold, president says

Gold price could extend record run into 2025, Heraeus says

Trump tariff risk roils gold and silver as New York prices jump

Rio Tinto’s $2.5 billion lithium plan is a win for Milei

Copper price jumps on China policy, but we’ve been here before

Zimbabwe wants 26% free-carry stake in new mining projects

Glencore ties up with Cyclic Materials in copper recycling push

Lithium supply surplus set to stay with battery makers’ help

China tightens rules to curb methane emissions from coal mines

Rio Tinto, BHP, and BlueScope to build ‘green iron’ plant

Arcadium Lithium investors sue miner over Rio Tinto takeover

Skeena advances Eskay Creek permitting, unlocks Orion funding

US foreign investment panel split on Nippon-US Steel deal

Norge Mining acquires Europe’s largest natural graphite producer

Australia’s CEFC invests $75m in homegrown critical minerals

Forensic technology aids Brazil’s crackdown on illicit Amazon gold trade

Mobarakeh steel is producing green steel through scrap recycling

BHP seeks Brazil growth to emerge from shadow of mining disaster

Norilsk Nickel plans to sell all it produces in 2025