The European Commission's proposed revisions to the hot-rolled coil (HRC) import safeguard quota could see India n steelmakers and Russia's Severstal ramp up exports to the bloc.
News ID: 5939 Publish Date : 2019/08/15
Directorate of Mines & Geology (DMG), govt. of Goa has notified lots for upcoming e-auctions. Majority of the quantity put under auction is of low-grade with highest grade reaching Fe 60.89%. Out of the total offered quantity, 4.04 MnT is ROM ranging from Fe 27.6-60.89%, 1.013 MnT is fines having Fe content 18.6-60% and 0.279 MnT is lump ranging from Fe 38.94-58%.
News ID: 5931 Publish Date : 2019/08/15
This week domestic HRC prices remained stable over slow growth in demand and mute buying prevailing in domestic market.However in the beginning of the week major steel mills announced roll over in flat steel prices for August deliveries. Prices were observed stable in majority of markets except few markets like Faridabad and Bangalore were a price reduction of INR 500/MT was seen.
News ID: 5929 Publish Date : 2019/08/15
India n Ferro Chrome Prices have gone up in the recent past few weeks owing to better realizations in the export market along with higher Nickel prices and improvement in demand from Stainless Steel.
News ID: 5928 Publish Date : 2019/08/15
The Odisha Mining Corporation Ltd intends to sell various grades of chrome ore (friable) produced at South Kaliapani chromite mines and Sukrangi chromite mines of OMC Ltd in the Sukinda valley of JK Road Region, Jajpur Dist Odisha.
News ID: 5926 Publish Date : 2019/08/15
Market sentiments in Rapur domestic pellet market improved this week following sharp hike in pellet sponge prices yesterday. Two deals for pellets for 10,000 and 16,500 MT reported yesterday at INR 6,100-6,200 (ex- Raipur) from Raipur based pellet makers.
News ID: 5922 Publish Date : 2019/08/15
West India (Rajasthan) based pellet maker - Jindal SAW lowered pellet (Fe 63%) offers for the week. Current offers are at INR 7,800/MT (delivered Kandla) as against INR 8,300/MT towards the closing of last week. Jindal SAW runs a 1.5 MnT pellet plant in Bhilwara (Rajasthan).
News ID: 5859 Publish Date : 2019/08/08
Rashtriya Ispat Nigam Limited (RINL)- state owned steel maker under the Ministry of Steel, has invited a tender for export of 10,000 MT Wire Rod 20,000 MT Bloom, 10,000 MT Cast Round and 20,000 MT Billets.
News ID: 5856 Publish Date : 2019/08/08
India 's domestic hot-rolled coil (HRC) prices dropped further this week with weaker demand as monsoon rains and liquidity concerns prevailed.
News ID: 5851 Publish Date : 2019/08/08
India ’s ambassador to the US stated that Washington sanctions on Tehran are hurting his country which is finding it hard to replace Iranian oil imports.
News ID: 5835 Publish Date : 2019/08/07
India n Silico Manganese Prices drifted towards the lower side in the market. Producers are reducing their prices continuously to attract buyers. An India n Producer said, “The market continues to operate in a downtrend and the demand is low as the Steel market is down’.
News ID: 5826 Publish Date : 2019/08/07
Odisha’s state-owned miner- Odisha Mining Corporation (OMC) had scheduled an auction for sub-grade iron ore fines today (i.e. on 05th Aug'19). Total quantity put under the auction was 525,000 MT fines (Fe 58%) . Traders were restricted to take part in this auction.
News ID: 5825 Publish Date : 2019/08/07
India 's coated steel prices fell this week, as monsoon rains slowed construction activity.
News ID: 5821 Publish Date : 2019/08/07
Based on the recent projection that there will be more than 21 million end-of-life cars in India by 2025, the country’s environment ministry has reportedly started advocating a ‘high focus’ on recycling in the automotive sector. The ministry wants to set up a network first consisting of 20 official automotive recyclers across the country.
News ID: 5793 Publish Date : 2019/08/06
Producers in India and Bhutan have maintained the prices of Ferro Silicon despite low demand and thin trading activities. India is experiencing such a tough demand scenario for Ferro Silicon owing to the bearish Stainless and Steel market amid an oversupply of material. An India n producer reported that they are willing to reduce the prices further for bulk quantities to generate sales.
News ID: 5737 Publish Date : 2019/08/05
Odisha’s state-owned miner- Odisha Mining Corporation (OMC) had scheduled its iron ore lump e-auction today (2nd Aug’19). Total quantity put under the auction was 457,000 MT iron ore lumps. Out of the total quantity nearly 60% (275,000 MT) of material fetched bids.
News ID: 5735 Publish Date : 2019/08/05
Domestic plate prices have remained stable this week after witnessing continuous correction over seasonal slowdown with onset of monsoon season and thin trades happening in domestic market.
News ID: 5730 Publish Date : 2019/08/05
According to market sources report to SteelMint, central India based sponge makers have sourced pellets from Odisha recently.
News ID: 5727 Publish Date : 2019/08/05
NMDC (Chhattisgarh) supplied total of 222 rakes (0.85 MnT) of iron ore in the month of Jul’19, down 28% against 310 rakes (1.19 MnT) a month before in Jun’19, according to railway movement data maintained with SteelMint.
News ID: 5725 Publish Date : 2019/08/05
Chinese HRC export offers inch down over ample supply- This week Chinese HRC exports offers witnessed slight correction amid availability of increased stock levels both in domestic and overseas market. Thus overseas buyers are reluctant to purchase over expectation of further decline in prices on the back of volatile futures.
News ID: 5689 Publish Date : 2019/08/02