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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

Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Vizag Steel, is set to face a shortage in availability of rebars (TMT) for sale of around 60,000-70,000 tonnes (MT) spread over July and August, 2019, which is likely to be offset, partially, through conversion from semis, SteelMint has learnt from market sources.
News ID: 5083    Publish Date : 2019/07/09

Rashtriya Ispat Nigam Limited (RINL)- the state-owned steel maker under the Ministry of Steel, had floated an ocean billet export tender on 27 Jun’19 of quantity 50,000 MT. for sizes; 65*65, 77*77, 90*90 and 150*150 mm.
News ID: 5082    Publish Date : 2019/07/09

As per recent data released by Joint Plant Committee (JPC), India 's finish long steel production moved up by 7.12% in May’19.
News ID: 5039    Publish Date : 2019/07/06

Wire rod prices in eastern India are hovering at 1.5 years low as these levels were last seen in Dec'17. On account of piling up of stocks with the mid sized mills coupled with limited demand has kept market under pressure.
News ID: 5034    Publish Date : 2019/07/06

Amid US sanctions, Iran on Tuesday said it believes India will act in its national interest on the issue of oil imports and Tehran can act as a "protector" of India 's energy security.
News ID: 5019    Publish Date : 2019/07/04

Bellary (southern India ) based pellet makers have lowered pellet offers by INR 100-200/MT this week. SteelMint’s assessment for pellets stands at INR 6,300-6,500/MT against last week assessment at INR 6,700-6,900/MT.
News ID: 5012    Publish Date : 2019/07/04

Odisha - India 's largest iron ore producing state recorded a decrease in iron ore production for the month of May’19. Production in May’19 stood at 11.7 MnT.
News ID: 5009    Publish Date : 2019/07/03

Availability of right quality of scrap, in adequate quantity, is one of the critical factors for future growth for both EAF/IF sector. Keeping this objective in view and in order to develop a globally competitive steel industry by adopting state of art environment-friendly technologies, Ministry of Steel has prepared a draft steel scrap policy envisaging a framework to facilitate and promote the establishment of ferrous scrap/steel scrapping centers in India . All stakeholders are requested to submit comments latest by 14th Jul'19.
News ID: 5007    Publish Date : 2019/07/03

Rashtriya Ispat Nigam Limited (RINL) - a leading state-owned Pig iron producer and exporter had issued an export tender of 21,000 MT basic grade steel making Pig iron for any country other than Nepal.
News ID: 5006    Publish Date : 2019/07/03

Prakash Industries Ltd (PIL) - one of the major steel producers in Central region of India today announced that they have now received the grant of surface right permission to open Sirkaguttu Iron & Manganese ore mine, Keonjhar, Odisha. The development of mine is being undertaken and iron ore extraction is likely to commence in a fortnight's time.
News ID: 5004    Publish Date : 2019/07/03

Odisha contributes almost entirely towards chrome ore production in India . Chrome Ore Production in May’19 was noted to be 380,909 MT. It is lower than the previous month’s production viz., Apr’19 by 18%.
News ID: 4978    Publish Date : 2019/07/02

India ’s steel giant, JSW Steel has moved a step closer to acquire debt-ridden Asian Colour Coated Ispat Ltd (ACCIL) that was referred to the insolvency court by RBI in July last year. As per the latest updates, the company’s bid has received approval from 80% of the lenders, the voting for which was done on Friday.
News ID: 4976    Publish Date : 2019/07/02

India n Ferro Chrome Prices are at almost the same levels as last week. Ferro Chrome prices have hit the bottom amid low demand, both in the domestic as well as the global market.
News ID: 4975    Publish Date : 2019/07/01

Rashtriya Ispat Nigam Limited (RINL)- the state owned steel maker under the Ministry of Steel, has invited a tender for export of 30,000 MT Billets and 20,000 MT Bloom.
News ID: 4972    Publish Date : 2019/07/01

India ’s state-owned pellet maker - Kudremukh Iron Ore Company Ltd (KIOCL) has signed MoU on 26th Jun’19 at METEC- 2019 at Dusseldorf, Germany with Glencore international AG and Steel Mont GMBH for the sale of pellets in European market including UK.
News ID: 4971    Publish Date : 2019/07/01

TATA Metaliks Limited (TML) - known as the largest foundry grade pig iron manufacturer in eastern India has reduced foundry pig iron prices by INR 800/MT (USD 12) on 25th Jun'19.
News ID: 4968    Publish Date : 2019/07/01

According to market sources reported to SteelMint, an east India based pellet maker-JSPL has concluded pellet export deal to China for 50,000 MT pellet (Fe 64%, and 3% Al). As per sources, the deal has been concluded at around USD 134-135/MT, CFR China for July shipment. As per sources, the deal was concluded towards end of last week.
News ID: 4967    Publish Date : 2019/07/01

Domestic HRC prices in traders market have come down further by INR 500-1000/MT against last week and are hovering almost 4-months low.
News ID: 4965    Publish Date : 2019/07/01

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