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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

Limited trades in Durgapur (eastern India ) have resulted in decline in pellet offers. In Durgapur SteelMint’s reference, pellet price assessment stands at INR 6,000 (delivered) down sharply by INR 300-400/MT against INR 6,300-6,400/MT end of the last week assessment.
News ID: 5688    Publish Date : 2019/08/02

Steel Authority of India - a government of India company has floated export tender for prime mild steel non-alloy concast billets. The tender quantity is reported to be 18,900 MT. The cargo will be shipped from Haldia port. The tender was put up for Prime Mild Steel Non-Alloy Concast billet, size 125*125 mm offered from Durgapur Steel plant.
News ID: 5687    Publish Date : 2019/08/02

TATA Metaliks Limited (TML) - known as the largest Foundry grade pig iron manufacturer in eastern India has again reduced Foundry pig iron offers by INR 600/MT (USD 9) & Low Silicon pig iron by INR 500/MT (USD 7) today.
News ID: 5684    Publish Date : 2019/08/02

India imported in June the highest volume of Venezuelan crude in 21 months, more than double the amount from May and more than 50% higher than in June 2018, Reuters reported on Monday, citing data provided by industry and shipping sources.
News ID: 5656    Publish Date : 2019/08/01

Odisha - India 's largest iron ore producing state recorded production at 11.73 MnT stable on monthly basis, according to the provisional data of Odisha Govt. maintained by SteelMint. The figures include the type of material - fines, lump, and concentrate.
News ID: 5652    Publish Date : 2019/08/01

Odisha contributes almost entirely towards chrome ore production in India . Chrome Ore Production in Jun’19 was noted to be 367,133MT. It is marginally low than the previous month’s production by 4%.
News ID: 5651    Publish Date : 2019/08/01

Steel Authority of India Limited (SAIL), conducted auction from its central India based Bhilai Steel Plant (BSP) for defective steel products on 24th Jul'19.
News ID: 5642    Publish Date : 2019/08/01

Most Asian steel mills have withdrawn offers to India n buyers on concerns that a safeguard duty may be imposed soon.
News ID: 5613    Publish Date : 2019/07/30

Steel Authority of India Limited (SAIL), conducted auction from its central India based Bhilai Steel Plant (BSP) for defective steel products on 24th Jul'19.
News ID: 5554    Publish Date : 2019/07/29

Neelachal Ispat Nigam Ltd (NINL), a public sector steel entity and largest merchant supplier of steel grade pig iron is battling raw material crisis on financial issues.
News ID: 5553    Publish Date : 2019/07/29

India n Ferro Chrome prices increased owing to higher Nickel prices and the improved Stainless-Steel prices in recent weeks. Ferro Chrome producers are relieved by the uptrend in the prices of Nickel and Chrome Ore and commented that now they are optimistic that the prices may have bottomed out for now and that the aggressive fall in prices has stopped. Overall prices of Ferro Chrome has increased in line with Chinese prices.
News ID: 5551    Publish Date : 2019/07/29

The global aluminium powder market is clearly growing buoyed by the automotive paints and sealants and other industrial pigments sectors. According to a research study, the market in 2017 was valued at US$ 3 billion and is likely to reach US$ 3.92 billion by the end of 2025, growing at a CAGR of 3.4 per cent during 2017-2025. China and India are estimated to be the two primary piggybacks in the coming time to stimulate the market.
News ID: 5487    Publish Date : 2019/07/25

India n Silico Manganese Prices remains at the same levels as compared to the previous week. The global Manganese Ore prices have increased in line with reducing stocks at the Chinese ports and the increased freight rates.
News ID: 5481    Publish Date : 2019/07/25

West India (Rajasthan) based pellet maker - Jindal SAW lowered pellet (Fe 63%) offers for the week. Following decline in imported iron ore prices amid global iron ore prices, pellet maker has lowered offers. Current offers are at INR 8,300/MT (delivered Kandla) as against INR 8,500/MT towards closing of last week.
News ID: 5476    Publish Date : 2019/07/25

Steel Authority of India Limited (SAIL), recently conducted auction from its Central India based Bhilai Steel Plant (BSP) for defective steel products on 13th Jul'19. Out of 42,602.48 MT steel put up for auction, only 10,093 MT (24%) material was sold out despite reduce base price by INR 700-1,000/MT (USD 10-15) as against last auction.
News ID: 5468    Publish Date : 2019/07/25

Nicaragua-focused Condor Gold (LON:CNR) has obtained an extension to meet conditions associated with the environmental permit to build and operate its flagship La India open pit gold mine, in the western side of the country.
News ID: 5429    Publish Date : 2019/07/23

India on Monday launched an ambitious mission to soft-land on the surface of the moon and deploy a rover, seeking to become only the fourth country to do so after Russia, the US and China.
News ID: 5417    Publish Date : 2019/07/23

India n private-sector firm Tata Steel is aiming to expand its crude steel capacity to 30mn t/yr by 2025, from around 20mn t/yr currently.
News ID: 5380    Publish Date : 2019/07/22

Iran is willing and ready to invest in the development of Nagapattinam refinery in Southern Tamil Nadu state, a senior Iranian diplomat said in New Delhi on Wednesday.
News ID: 5357    Publish Date : 2019/07/21

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