India

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State Owned, Odisha Mining Corporation (OMC) is all set to conduct the e-auction on 04 May’19. Ores from Sukrangi Mines and South Kaliapani Mines will be put under the hammer during this month’s auction.
News ID: 4462    Publish Date : 2019/05/09

India 's largest iron ore miner -NMDC export movement has increased sharply by almost five-fold in the month of Apr’19. According to rake movement data maintained with SteelMint, exports stood at 80 (0.31 MnT) rakes in Apr’19 as compared to 16 rakes (0.06 MnT) a month before.
News ID: 4460    Publish Date : 2019/05/09

Godawari Power and Ispat Limited (GPIL) - one of the largest steel producers based in central India has released its operational results for fourth quarter of FY’19 ending Mar'19.
News ID: 4456    Publish Date : 2019/05/09

SteelMint in conversation with market participants learned that Raipur (Central India ) based pellet manufacturers have today reduced offers to INR 6,300/MT (ex-Raipur, GST extra) for Fe 63% grade. Last offer floated was at INR 6,400/MT (ex-Raipur, GST extra).
News ID: 4455    Publish Date : 2019/05/07

SteelMint in conversation with participants learned that, stockiest in central & northern India have placed regular orders with NINL after recent hike prices by INR 750/MT (USD 12).
News ID: 4454    Publish Date : 2019/05/07

Central India based pellet maker - Shri Bajrang Power and Ispat Ltd has concluded two pellet export deals recently. SteelMint has learned from company officials that the deal has been concluded at around USD 117/MT, CFR China. Material shipment is scheduled for June.
News ID: 4450    Publish Date : 2019/05/07

MMTC- India ’s largest and state-owned trading house, had floated export tender of 30,000 MT non-alloy Pig Iron on behalf of Neelachal Ispat Nigam Limited (NINL). The due date for submission of bids was on 15 Apr’19 and material shipment was scheduled between 10-20 May'19 from Paradip port.
News ID: 4448    Publish Date : 2019/05/07

Billet export offers from CIS nations and Iran have softened this week. Offers from CIS have come down by USD 5-10/MT and domestic Chinese prices exhibited volatility this week.
News ID: 4447    Publish Date : 2019/05/07

India ’s steel giant - Tata Steel announced FY19 results yesterday. SteelMint attended the analyst/investor conference call and the highlights are mentioned below.
News ID: 4440    Publish Date : 2019/05/07

Neelachal Ispat Nigam Limited(NINL) - India 's largest pig iron manufacturer & exporter has increased its steel grade pig iron prices by INR 750/MT (USD 11) following hike in offers by private mills.
News ID: 4439    Publish Date : 2019/05/07

SteelMint learned from industry participants that imported scrap trades in Pakistan have improved on an account of Ramadan restocking however, India n market has continued observing comparatively limited activities on ongoing elections while volatile but competitive domestic scrap and sponge iron prices.
News ID: 4438    Publish Date : 2019/05/07

NMDC Ltd, India 's biggest iron ore producer, has today announced a roll over in it's iron ore prices for May deliveries.
News ID: 4430    Publish Date : 2019/05/06

Demand for medium grade iron ore fines continues to remain robust from Chinese steel mills. SteelMint in conversation with market participants learned that one of the merchant miners in Odisha has recently concluded low-grade iron ore fines (Fe 58/57%) to China at around USD 56-58/MT FoB India for May’19 loading.
News ID: 4427    Publish Date : 2019/05/06

India n Ferro Chrome prices are down for the third straight week owing to persistent low demand.
News ID: 4425    Publish Date : 2019/05/06

India n HRC prices witnessed marginal decline this week in few markets owing to bearish market sentiments and tedious demand prevailing in domestic market.Traders reported weak buying interest due ongoing general assembly elections in India .
News ID: 4423    Publish Date : 2019/05/06

Jindal Steel and Power Ltd (JSPL) today informed via press released that the company has completed delivery of its first-ever rail order, which the firm had bagged from the India n Railways in Jul'18. JSPL was to supply 97,400 tonnes of rails to the national transporter over a period of one year.
News ID: 4421    Publish Date : 2019/05/05

Domestic pellet prices in India have observed a mixed response this week. Few pellet makers in Durgapur (eastern India ) have increased offers this week by INR 100-200/MT. However, in central, southern and western India pellet market sentiments continue to remain dull.
News ID: 4419    Publish Date : 2019/05/05

SAIL conducted auction for 10,000 MT steel grade pig iron today in which it raised price by INR 800-850/MT against last auction. 35% of the material offered was booked.
News ID: 4411    Publish Date : 2019/05/04

Rungta Mines - India 's largest private merchant miner has increased iron ore fines prices by INR 200/MT with effect from 20th April 2019.
News ID: 4409    Publish Date : 2019/05/04

India n Silico Manganese prices remained unchanged amid moderate demand in the domestic market. The prices of Silico Manganese were mostly affected due to the bearish steel market.
News ID: 4408    Publish Date : 2019/05/04

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