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SteelMint learned from industry participants that ongoing election has kept imported scrap trades limited for yet another week.
News ID: 4397    Publish Date : 2019/05/02

India n HRC prices reported slight decline this week amid sluggish trades prevailing in domestic market amid ongoing elections.
News ID: 4394    Publish Date : 2019/05/02

Vizag Steel (Rashtriya Ispat Nigam Limited)- the state-owned steel maker under the Ministry of Steel, had invited tender for export of 10,836 MT (equivalent to 4 rakes) Billet to Nepal on 5th Apr'19. The bid due date was on 16th Apr and offer validity was till 19th Apr. The delivery for the material is scheduled by 15 May’19.
News ID: 4392    Publish Date : 2019/05/02

The major private suppliers of pig iron in merchant market have further raised prices by around INR 500/MT (USD 7) in central & eastern regions during current week. The prices significantly increased due to short supply, the stockiest & manufacturers claimed.
News ID: 4388    Publish Date : 2019/04/29

Jindal Steel and Power Limited (JSPL), one of the India ’s leading steel producer has reported steel output and sales figures for FY’19 (Apr’18- Mar’19) results.
News ID: 4386    Publish Date : 2019/04/29

According to vessel-line up data maintained with SteelMint, India is to import 21,590 MT HBI (Hot Briquetted Iron) from Iran. The vessel named "Jaohar Rasha" carrying 21,590 MT HBI is expected to arrive at western India (Kandla) port on 18 Apr'19. As per data received, the importer is Welspun.
News ID: 4385    Publish Date : 2019/04/29

Ferro Chrome prices fell again this week due to thin buying interest from Stainless Steel mills. Producers are reluctant to buy Ferro Chrome at higher prices and are asking for much lower prices.
News ID: 4384    Publish Date : 2019/04/29

JSW Steel - India 's largest steel maker recorded total iron ore sourcing at 27.41 MnT in FY’19. The sourcing witnessed 15% fall Y-o-Y as against 32.41 MnT in FY18.
News ID: 4382    Publish Date : 2019/04/29

SteelMint in recent conversation with medium scale rebar manufacturers learned that, demand has been average in major markets.
News ID: 4380    Publish Date : 2019/04/29

India n Silico Manganese Prices struggles amid low demand in the domestic market. Producers stated that the prices are down due to the prevailing dull steel market and hence the demand for Silico Manganese is continuing to suffer.
News ID: 4375    Publish Date : 2019/04/29

As per the recent data released by customs, India n flat steel imports stood at 1.56 MnT in (Jan-Mar) Q1 CY’19 recording marginal increase of 3% in comparison to 1.52 MnT in Q4 CY’18.
News ID: 4372    Publish Date : 2019/04/29

According to customs data maintained with SteelMint, bulk India n pig iron export volumes have come down sharply by 50% in FY19. India has exported 221,260 MT pig iron in FY’19 as against 446,250 MT in FY’18. In the month of March pig iron exports from India recorded at 50,000 MT against nil from the previous month.
News ID: 4369    Publish Date : 2019/04/20

Tata Steel Ltd has issued another RFQ (Request for Quotation) for procurement of 15,000 MT imported steel melting scrap for its newly acquired plant Bhushan Steel Limited recently, SteelMint learned from industry sources.
News ID: 4346    Publish Date : 2019/04/12

Amid recently concluded pellet export deals along with decent bookings made in the domestic market, Raipur based pellet makers have raised offers today.
News ID: 4344    Publish Date : 2019/04/12

In southern region of India , Bellary (Karnataka) sponge prices have inclined upto INR 900/MT (USD 13) in a week's time. Participants reported falling inventories amid less availability of raw materials which resulted in price hike in the market.
News ID: 4342    Publish Date : 2019/04/12

This week India n HRC prices witnessed marginal increase in domestic market post recent hike by major India n steel mills by INR 500-1000/MT in the beginning of this month.
News ID: 4327    Publish Date : 2019/04/11

Tata Steel Ltd has recently concluded the tender for imported scrap for its newly acquired plant - Bhushan Steel Limited, SteelMint learned from industry sources.
News ID: 4310    Publish Date : 2019/04/11

JSW Steel, India 's largest private steel producer has released its operational performance results today for FY18-19. As per results company’s long steel and flat steel output witnessed growth in FY19. With this the company achieved 99.6% of production guidance of 16.75 MnT.
News ID: 4309    Publish Date : 2019/04/11

Eastern India based pellet maker - Brahmani River Pellets has recently concluded pellet export deal to China, SteelMint learned from company officials. Deal for 60,000 MT pellets with Fe 64% and 3% Al was learned to be concluded at around USD 117/MT, CFR China for April shipment.
News ID: 4304    Publish Date : 2019/04/11

SteelMint learned from market sources that Essar Steel having the steel making capacity of 10 MnT has witnessed the growth of 10% in its crude steel output in FY19.
News ID: 4302    Publish Date : 2019/04/11

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