Refused a loan by a state-run lender and desperate for funds to buy cotton seeds before the summer sowing season window closed, Indian farmer Babasaheb Mandlik ran out of choices – he pawned his wife’s gold jewellery.
News ID: 6120 Publish Date : 2019/08/22
According to a recent report, a 7 per cent growth in aluminium demand in India during April-June quarter of the financial year 2019-20 failed to boost production as consumption remained moderate in industries facing liquidity crunch. Sales of aluminium companies also fell by 10.8 per cent in that period as imports grabbed a bigger share of the consumption pie.
News ID: 6084 Publish Date : 2019/08/22
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
Indian 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
Indian 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 Indian 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
Indian 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
