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This week India n HRC trade prices continue to fall in few markets like Chennai, Ahmedabad and Hyderabad as demand failed to improve in domestic market. However in other regions like Mumbai , HRC prices have remained unchanged this week.
News ID: 4636    Publish Date : 2019/05/25

According to the market participants reported to SteelMint, Durgapur pellet prices have increased further in recent trades concluded today. In Durgapur (Eastern India ) prices hike by around INR 500-600/MT D-o-D. SteelMint’s reference pellet price assessment stands at INR 6,900/MT against INR 6,300-6,600/MT /MT yesterday.
News ID: 4634    Publish Date : 2019/05/25

Pellet offers for this week increased sharply in the recently concluded deals. SteelMint’s assessment stands at INR 6,900-7,000/MT (ex-Raipur, GST extra) against last week’s assessment of INR 6,600/MT. Current prices are hovering at 3-month high.
News ID: 4627    Publish Date : 2019/05/22

SteelMint in conversation with market participants learned that India n HRC import prices from Japan reported decline by USD 15-20/MT in recent booking for July shipments.
News ID: 4622    Publish Date : 2019/05/22

Department of Mines and Geology (Govt. of Karnataka) has floated the tender for auctioning of 4 iron ore blocks in Karnataka for its 4th phase.
News ID: 4620    Publish Date : 2019/05/22

India n Silico Manganese Prices are under pressure due to various factors as it is highly dependent on the inventory level possessed by the producer and the region they are offering from and also the grade quality.
News ID: 4618    Publish Date : 2019/05/22

State Owned, Odisha Mining Corporation (OMC) conducted the e-auction on 14 May’19. Amid low demand in the market, and falling Ferro Chrome prices, OMC received a meagre response, as the entire quantity of friable chrome ore received bids at about the same as the base price.
News ID: 4596    Publish Date : 2019/05/20

India n Ferro Manganese prices remained unchanged from the previous week in both domestic as well as export market. Domestic market is still highly affected by the Malaysian imports
News ID: 4578    Publish Date : 2019/05/19

India told Iran on Tuesday it will decide on its oil imports after elections end this month, in line with its economic interests, a government source said.
News ID: 4562    Publish Date : 2019/05/17

SteelMint in conversation with trade sources learned that assessment for low-grade iron ore fines export from India has remained stable. SteelMint’s assessment for low grade (Fe 57/58%) iron ore fines prices have remained mostly stable at USD 57-58/MT, FoB India equivalent to USD 67-68/MT, CFR China.
News ID: 4557    Publish Date : 2019/05/17

Southern India based pellet maker - KIOCL has concluded pellet export deal recently via tender floated. The company had floated export tender offering 50,000 MT pellet consisting of Fe 64% content with less than 2% Al for which the bid due date was 14 May’19.
News ID: 4553    Publish Date : 2019/05/16

India n Billet & Wire rod export offers to Nepal fell by USD 5-10/MT W-o-W, following declining offers in domestic market. However with falling export prices, purchases have improved by Nepal based mills.
News ID: 4552    Publish Date : 2019/05/16

SAIL's pig iron auction conducted today for 12,000 MT steel grade pig iron from its Rourkela Steel plant (Eastern India ) has received weak response with around 70% material remaining unsold.
News ID: 4549    Publish Date : 2019/05/16

Ongoing elections, rising inventory among traders, poor sales volumes, low liquidity along with dull demand continued to keep domestic HRC market under pressure.
News ID: 4547    Publish Date : 2019/05/16

West India (Rajasthan) based pellet maker - Jindal SAW has increased pellet prices by INR 150/MT. Current offers for Fe 63% grade pellets have moved up to INR 8,450/MT (delivered Kandla) against the previous offer of INR 8,300/MT at last week. Jindal SAW runs a 1.5 MnT pellet plant in Bhilwara (Rajasthan).
News ID: 4546    Publish Date : 2019/05/16

As per sources report to SteelMint, JSW Steel booked 20,000 MT iron ore fines (Fe 64-62%) from Daitari mines in OMC e-auction conducted today (14th May'19) . The company has booked iron ore fines at base price of INR 2,450/MT (inclusive of Royalty).
News ID: 4544    Publish Date : 2019/05/16

SteelMint has learned from the market sources that, few Odisha based major merchant iron ore miners are in discussions for revision in iron ore offers this week.
News ID: 4542    Publish Date : 2019/05/16

Eastern India based pellet maker - Brahmani River Pellets has recently concluded pellet export deal to Turkey, SteelMint learned from market sources.
News ID: 4539    Publish Date : 2019/05/16

Odisha contributes almost entirely towards chrome ore production in India . Chrome Ore Production in FY’19 was noted to be 4,282,529MT. It is almost similar to the previous year’s production viz., FY18.
News ID: 4533    Publish Date : 2019/05/15

Karnataka iron ore miners have received some sense of relief from the recent recommendations submitted by Supreme Court-appointed – Monitoring Committee.
News ID: 4532    Publish Date : 2019/05/15

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