India

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Steel Authority of India - a government of India Company has invited an ocean export tender for billets. The tender quantity is reported to be 16,200 MT. The cargo will be shipped from Haldia port and shipping is scheduled by 25th Aug’19.
News ID: 4960    Publish Date : 2019/07/01

Free trade zones in South and North of Iran can serve as the gates of entry and exit for transiting India n cargoes destined for Eastern and Northern Europe with helpful economic expemtions and great capacities, a member of Iran- India Friendship Association Masih Mirhosseini said on Sunday.
News ID: 4946    Publish Date : 2019/06/30

Central India based pellet maker - Godawari Power & Ispat has recently concluded pellet export deal to China, SteelMint learned. Deal for 50,000 MT iron ore pellets (Fe 64%, less than 2% Al) has been concluded at around USD 133-134/MT, CFR China (equivalent to USD 123-124/MT, FoB India ). The cargo is likely to be shipped in Jul'19.
News ID: 4890    Publish Date : 2019/06/24

State-run Vizag Steel also known as Rashtriya Ispat Nigam Ltd (RINL) has concluded its Wire Rod & Billet Export tender to Nepal.
News ID: 4889    Publish Date : 2019/06/24

India n Ferro Silicon prices remained unchanged W-o-W basis in the domestic market. However, demand is picking up in the domestic market, and the producers are now slightly relieved given the market condition for the past few weeks. Although, the demand for Ferro Silicon from overseas markets is still missing.
News ID: 4886    Publish Date : 2019/06/24

India n Finish long steel imports increased by around 36.5% M-o-M in May’19, as per recent released custom data maintained by SteelMint.
News ID: 4885    Publish Date : 2019/06/24

NMDC- India 's largest iron ore producer registered 25% increase in sales for the month of May'19 at 3.37 MnT as against 2.7 MnT a month ago. The miner had rolled over prices for May'19 deliveries.
News ID: 4877    Publish Date : 2019/06/23

Ferro Chrome prices have hit the bottom amid low demand in the domestic and global market as well. Prices for Ferro Chrome are falling aggressively amid bearish market sentiments.
News ID: 4875    Publish Date : 2019/06/23

MMTC- India ’s largest and state-owned trading house, has floated export tender of 30,000 MT non-alloy Pig Iron on behalf of Neelachal Ispat Nigam Limited (NINL). The material offered has specification - C: 3.6-4.3%; Si: up to 1.24%; Mn < 1%, S: 0.05% max; P: 0.15% Max. The due date for submission of bids is 14:30 hrs on 02 Jul’19.
News ID: 4874    Publish Date : 2019/06/23

JSW Steel - India 's largest steel maker recorded total iron ore sourcing at 1.73 MnT in May'19. The sourcing witnessed 36% drop M-o-M as against 2.71 MnT in Apr'19. On yearly basis, sourcing fell 42% in May'19 as against 2.98 MnT in May'18.
News ID: 4873    Publish Date : 2019/06/23

South India (Karnataka) based - NMDC Donimalai Pellet Plant has kept base price unchanged for pellets this month at INR 7,030/MT. Current offers are on FoT basis for Fe 64% pellets for a quantity of 23,000 MT on advance payment basis. The price validity is till 30th Jun'19.
News ID: 4871    Publish Date : 2019/06/23

Domestic HRC prices in traders market have come down by INR 500-1000/MT (USD 7-14) against last week and are hovering at almost 4-months low.
News ID: 4870    Publish Date : 2019/06/23

India n Silico Manganese prices were marginally down on W-o-W basis. Demand in the domestic market remained sluggish. Meanwhile, the demand in the global market is also towards a downtrend. With the reduced prices of Manganese Ore globally, buyers are putting the sellers under pressure to reduce prices.
News ID: 4853    Publish Date : 2019/06/20

As per the recent data released by customs, India n flat steel imports stood at 0.5 MnT in May’19 remained stable against previous month.
News ID: 4852    Publish Date : 2019/06/20

Public sector steel maker & India 's largest pig iron manufacturer & exporter - NINL has reported fall in Pig iron output in May'19.
News ID: 4837    Publish Date : 2019/06/18

SteelMint learned from industry participants that India n imported scrap prices inch down on a weekly basis in limited deals reported. Following continued global price fall, India n scrap importers remain majorly cautious before buying actively amid weakening local semi-finish prices and still subdued finish steel demand.
News ID: 4829    Publish Date : 2019/06/16

SteelMint in conversation with market participants learned that India n HRC import offers from Korea reported decline by around USD 10/MT for July- August shipments.
News ID: 4821    Publish Date : 2019/06/15

India n Ferro Chrome Producers maintained the prices despite low demand. In the global market sentiments for Ferro Chrome remained weak. “It is mostly a buyers market and the prices were completely dependent on the negotiation levels of buyer and the producers”, a producer said, however, even the Chinese market is experiencing similar situations.
News ID: 4814    Publish Date : 2019/06/14

India n Silico Manganese prices fall in Durgapur amid moderate demand. However, in Raipur, prices remained the same as compared to the previous week. Demand in the domestic market remains lackluster.
News ID: 4806    Publish Date : 2019/06/11

Global ferrous scrap markets witnessed downtrend on poor demand this week. Turkish steelmakers remained away from trading activities on public holidays. South Asian market showed little activity with India witnessing limited deals at lowered prices while Pakistan and Bangladesh remaining silent on Eid Holidays.
News ID: 4804    Publish Date : 2019/06/11

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