India

Tags - India
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

Dispatches of Chrome Ore by Odisha miners have increased by almost 8% in May’19 against Apr’19. TATA Steel remained the largest miner to dispatch 142,407MT of Chrome Ore in May’19 which is 37% high as compared to the previous month.
News ID: 4776    Publish Date : 2019/06/09

Rashtriya Ispat Nigam Limited (RINL)- the state-owned steel maker under the Ministry of Steel, has invited tender for export of 5,418 MT Wire rods,13,545 MT Billets and 5,418 MT Blooms to Nepal.
News ID: 4775    Publish Date : 2019/06/09

This week domestic HRC prices remained steady on the backdrop of limited trade activities and lackluster demand prevailing in domestic market.
News ID: 4774    Publish Date : 2019/06/09

Eastern India based pellet maker has concluded an export deal for around 50,000 MT for regular grade pellets (Fe 64%, containing 3% alumina) for June loading. According to the sources, the deal has been concluded at around USD 123-124/MT, CFR China.
News ID: 4772    Publish Date : 2019/06/07

The new steel minister Dharmendra Pradhan has his task cut out. Right from reining in the rising trend of imports to ensuring uninterrupted supply of iron ore and bank credit to the industry for capacity addition, the new minister will have a tough time in office, at least in the short to medium term.
News ID: 4769    Publish Date : 2019/06/07

After GAIL, ONGC too has expressed angst at overcharging by domestic steelmakers. The state-run oil and gas major has alleged that domestic firms have quoted prices on 'the higher side’ in reply to its tenders invited for procurement of regular casing pipes.
News ID: 4767    Publish Date : 2019/06/07

Rashtriya Ispat Nigam Limited (RINL)- 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: 4764    Publish Date : 2019/06/07

India n Silico Manganese prices are under pressure in line with moderate demand in the domestic as well as overseas markets.
News ID: 4763    Publish Date : 2019/06/07

Central India pellet makers lower offer by INR 200/MT-: Pellet offers for this week declined by INR 200/MT to INR 7,000/MT against last week offers at INR 7,200/MT. Raipur pellet market remains standstill with no trades being reported.
News ID: 4762    Publish Date : 2019/06/07

NMDC supplied total of 400 ( 1.54 MnT) rakes of iron ore for the month of May’19, up 7% against 374 (1.44 MnT) rakes a month before in Apr’19, according to railway movement data maintained with SteelMint.
News ID: 4755    Publish Date : 2019/06/04

According to market sources report to SteelMint, west India based pellet maker – Jindal SAW has concluded pellet export deal to China for 50,000 MT pellet consisting of Fe 63% (around 1.5% Al). The deal is heard to have concluded at USD 116/MT, FoB India for June shipment.
News ID: 4754    Publish Date : 2019/06/04

Manganese Ore India Ltd (MOIL), a Mini Ratna Schedule-A CPSE, under the administrative control of the Ministry of Steel, is the largest producer of manganese ore in the country. MOIL contributes to 50% of the total production and holds 34% of the Manganese Ore reserves.
News ID: 4752    Publish Date : 2019/06/04

Salem Steel Plant (SSP), a unit of Steel Authority of India Limited (SAIL) - a government of India undertaking had floated a global tender for purchase of around 55,000 MT imported melting Shredded scrap on 21st Dec’18.
News ID: 4750    Publish Date : 2019/06/04

Odisha contributes almost entirely towards chrome ore production in India . Chrome Ore Production in Apr’19 was noted to be 420,340MT. It is lower than the previous month’s production viz., Mar’19 by 11%.
News ID: 4748    Publish Date : 2019/06/04

Steel Authority of India - a government of India Company has invited an ocean export tender for billets from its Durgapur Steel plant. The tender quantity is reported to be 18,900 MT billets (Prime Mild steel and non alloy concast) with size 125*125 mm having specifications; C-0.27-0.32%, Mn-0.70-0.90%, S-0.05% max, P-0.05% max and Si - 0.15-0.35% .
News ID: 4712    Publish Date : 2019/06/01

Southern India based pellet maker - KIOCL has concluded pellet export deal today via tender floated yesterday on 30th May’19. The company had floated export tender offering 50,000 MT pellet consisting of Fe 64% content with less than 2% Al. As per the sources, the deal was concluded at around USD 119/MT, FoB India .
News ID: 4697    Publish Date : 2019/05/31

India has officially ended all oil imports from Iran, India ’s Ambassador to the United States Harsh Vardhan Shringla said on Wednesday, after Prime Minister Narendra Modi managed to emerge victorious from India ’s elections.
News ID: 4659    Publish Date : 2019/05/28

India n Ferro Chrome stoops to new low in this week. Prices have been gradually falling down since last month due to low demand. Producers reported that the market is more inclined towards the buyers side.
News ID: 4639    Publish Date : 2019/05/25

SAIL's pig iron auction conducted today for 6,500 MT steel grade pig iron from its Rourkela Steel plant (eastern India ) has received quite better response in line with last auction which was held on 15th May'19.
News ID: 4638    Publish Date : 2019/05/25

Most Like