India

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SAIL (Steel Authority of India Limited) conducted auction for around 2,400 MT steel grade pig iron today from its Rourkela Steel plant (eastern India ). The auction received average response as close to 60% was sold out at the base price.
News ID: 6071    Publish Date : 2019/08/20

India n Silico Manganese Prices have been falling gradually every week for some time now. Amid low demand and sluggish market sentiments for finished steel, producers are reducing the prices to entice buyers. Demand is weak in both domestic as weak as the global market.
News ID: 6068    Publish Date : 2019/08/20

Vizag Steel also known as RINL, the state-owned steel maker under the Ministry of Steel, had invited tender for export of 10,836 MT billets, 5,418 MT blooms and 8,127 MT wire rod to Nepal on 30th Jul'19.
News ID: 6036    Publish Date : 2019/08/18

India n Ferro Chrome prices have gone up marginally from last week as most producers reduced their production levels in line with poor demand. Limited Quantity is available in the domestic market as producers have reduced their allocation in the domestic market to curb the free fall of prices. However, this has been countered by demand in the domestic market which has remained sluggish.
News ID: 6034    Publish Date : 2019/08/18

State-Owned, Odisha Mining Corporation (OMC) conducted the e-auction on 13 Aug’19. Despite low demand in the market, and falling Ferro Chrome prices, OMC received a good response, as the entire quantity was booked at prices approximately 6% higher than the base price. Lower graded material viz., 46-48% and 44-46% received a much higher response as the booking price was 14% higher than the base price.
News ID: 6033    Publish Date : 2019/08/18

Higher inventory levels along with tepid demand over inactive trades lead to continual decline in HRC prices in domestic market.
News ID: 6032    Publish Date : 2019/08/18

SAIL- govt owned major India n steelmaker had announced Q1FY20 and its earning conference call was organised today. The major highlights are as follows-
News ID: 6030    Publish Date : 2019/08/18

NMDC Ltd- India 's biggest iron ore producer, has today announced a roll over in its iron ore prices for August deliveries, as per market sources report to SteelMint.
News ID: 6029    Publish Date : 2019/08/18

Godawari Power and Ispat Limited (GPIL) - one of the largest steel producers based in central India has released its operational results for the first quarter of FY’20 ending Jun'19.
News ID: 6009    Publish Date : 2019/08/17

Sarda Energy and Mineral Limited - one of the integrated steel producer based in central India has released its operational results for the first quarter of FY’20 ending Jun'19.
News ID: 6004    Publish Date : 2019/08/17

Induction furnaces based in Jindal's industrial park in Punjipatra, Raigarh (Central India ) has reported 12 hrs (50%) power cut by Jindal power ltd (JPL) since yesterday.
News ID: 5999    Publish Date : 2019/08/17

Steel Authority of India Ltd (SAIL) has reduced basic grade (steel grade) pig iron offers by around INR 700/MT (USD 10) from its Bhilai Steel Plant (BSP) based in Central India , SteelMint learned from market sources.
News ID: 5982    Publish Date : 2019/08/16

Imported scrap offers to South Asia plunge below 2 years low levels on limited demand
News ID: 5981    Publish Date : 2019/08/16

Alang - Gujarat, has registered sharp growth in imports of scrapped ships in Jul'19 and the volume reached 7 months high since Dec'18, as per custom data maintained by SteelMint.
News ID: 5979    Publish Date : 2019/08/16

JSW Steel, India 's largest private steel producer has released its monthly crude steel output results today for Jul'19. The company reported decline in its production numbers over dull demand and low buying prevailing in domestic market.
News ID: 5978    Publish Date : 2019/08/16

India n rebar prices of medium and small scale mills hit nearly 2 years low amid constant downfall over dull demand amid heavy monsoon season which has put construction activities on hold. As per SteelMint's assessment the prices slumped by INR 500-1,500/MT (USD 7-21) W-o-W.
News ID: 5977    Publish Date : 2019/08/16

India ’s steel giant - Tata Steel announced Q1 FY20 results yesterday. SteelMint attended the analyst/investor conference call and the highlights are mentioned below.
News ID: 5975    Publish Date : 2019/08/16

State-owned pellet maker - KIOCL (Kudremukh Iron Ore Company Ltd) recorded enhanced pellet production for first quarter FY20. The production recorded at 0.61 MnT, above the set target of 0.49 MnT. The production marked 38% increase Y-o-Y as against Q1 FY’19 production at 0.44 MnT.
News ID: 5973    Publish Date : 2019/08/16

Ferro Silicon Prices in India fell on persistent low demand in line with a lackluster Stainless and Steel market in India . Producers in Bhutan reduced the prices to clear up the inventories and generate sales.
News ID: 5967    Publish Date : 2019/08/16

Public sector steel maker Neelachal Ispat Nigam Ltd (NINL) has been finally made to bite the bullet. The steel plant co-promoted by trading company MMTC Ltd and two Odisha government controlled undertakings- Odisha Mining Corporation (OMC) and Ipicol, has gone for a shutdown of its blast furnace at its Duburi plant in Odisha’s Kalinganagar industrial complex.
News ID: 5963    Publish Date : 2019/08/16

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