SteelMint in conversation with trade participants shared that domestic PPGI prices witnessed further correction by upto INR 750/MT this week as arrival of monsoon season lead to bearish market sentiments and slowdown of trade activities in domestic market.
News ID: 5350 Publish Date : 2019/07/20
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: 5328 Publish Date : 2019/07/20
State Owned, Odisha Mining Corporation (OMC) conducted the e-auction on 15 Jul’19. Amid low demand in the market, and falling Ferro Chrome prices, OMC received a meagre response, as the entire quantity was not booked.
News ID: 5303 Publish Date : 2019/07/19
SteelMint in conversation with trade participants learned that domestic HRC prices continued to slump further over gloomy demand and limited trades happening in domestic market. Domestic HRC prices are hovering at around 1.5 years low.
News ID: 5302 Publish Date : 2019/07/19
Ferro Chrome producers remain pessimistic as the prices fall to a new low each week. Demand for Ferro Chrome is dull in the domestic as well as global market due to bearish Stainless Steel demand.
News ID: 5301 Publish Date : 2019/07/19
SAIL (Steel Authority of India Limited) conducted auction for around 6,550 MT steel grade pig iron today from its Rourkela Steel plant (eastern India ). The auction received weak response as only 17% material have been sold out amid unchanged base price.
News ID: 5299 Publish Date : 2019/07/18
India 's directorate-general of trade remedies (DGTR) has recommended anti-dumping duties (ADDs) of varying rates for imports of aluminium and zinc-coated steel products from China, South Korea and Vietnam.
News ID: 5296 Publish Date : 2019/07/18
Seaborne Manganese Ore prices raised amid shortage of material at Chinese Ports. South African Carbonate Ores price was raised last week and this week Australian and Gabonese Ores followed the suit. However, the sudden increase in the global freight rates have decreased margins on Manganese Ore Shipments.
News ID: 5251 Publish Date : 2019/07/17
Durgapur (eastern India ) based pellet makers have raised offers following hike in sponge prices. SteelMint’s reference pellet price assessment stands at INR 6,500/MT (delivered) up by INR 200-300/MT against INR 6,200-6,300/MT in last week.
News ID: 5250 Publish Date : 2019/07/17
Chinese HRC export offers continue to remain on lower side- Chinese HRC export offers continue to show downturn this week owing to thin trades happening in export market. Overseas buyers are unwilling to purchase material at higher prices and are bidding on lower side with the anticipation of further decline in prices.
News ID: 5248 Publish Date : 2019/07/17
JSW Steel-- India 's largest steel maker total iron ore sourcing recorded at 2.05 MnT in June'19. The sourcing witnessed 18% rise M-o-M as against 1.73 MnT in May'19. On yearly basis, sourcing fell marginally in June'19 as against 2.09 MnT in June'18.
News ID: 5244 Publish Date : 2019/07/17
SteelMint in conversation with market participants learned that Raipur (central India ) based pellet manufacturers have increased their offers today by INR 200/MT. Current offers for Fe 63% grade to INR 7,000/MT (ex-Raipur, GST extra) as against last assessment at INR 6,800/MT.
News ID: 5242 Publish Date : 2019/07/17
Raipur based pellet makers book over 50,000 MT for exports for August delivery, SteelMint learned from market participants. Although prices were not discovered at the time of publishing but SteelMint's price assessment for standard grade pellets stands at around USD 120-122/MT FOB India east coast. This is equivalent to INR 8,200-8,300/MT FoB basis.
News ID: 5145 Publish Date : 2019/07/13
India n Ferro Silicon prices are at bottom levels due to bearish Stainless Steel and Steel market condition. Many producers are trading at below their production cost in India to lower the inventory. A Bhutan based producer reported that they are in no profit no loss situation with such rates of Ferro Silicon.
News ID: 5142 Publish Date : 2019/07/13
NMDC iron ore production for the quarter witnessed at 8.46 MnT, up by 23% Y-o-Y, SteelMint learned from sources. However production is down by 20% as against 10.6 MnT in Q4 FY19.
News ID: 5124 Publish Date : 2019/07/11
Global manganese ore prices are likely to rise amid shortage of material at Chinese Ports. South African Carbonate Ore prices have raised due to unavailability of abundant material in the ports.
News ID: 5123 Publish Date : 2019/07/11
The miner has raised base price by INR 100/MT from its Gandhamardhan and Koira mines.
News ID: 5120 Publish Date : 2019/07/11
JSW Steel, India 's largest private steel producer has released its quarterly crude steel output results today.As per results company’s long steel output witness growth and flat steel output registered decline in first quarter of FY20 against previous quarter.
News ID: 5119 Publish Date : 2019/07/11
SteelMint in conversation with market participants learned that central India based pellet makers have lowered offers by INR 200/MT. Current offers for Fe 63% is at INR 6,800/MT (ex-Raipur, GST extra). Not significant deals were reported at last offers of INR 7,000/MT. P-DRI prices declined to INR 15,900/MT today as compared to INR 16,500-16,700/MT (basic) a week ago.
News ID: 5118 Publish Date : 2019/07/11
Jindal Steel and Power Limited (JSPL), one of the India ’s leading steel producer has released its steel output and sales figures today for Q1 (Apr-Jun) FY’20 results.
News ID: 5117 Publish Date : 2019/07/11