India

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India 's state-controlled NMDC plans to lift its iron ore output significantly in the 2020-21 fiscal year starting 1 April, anticipating robust sales and higher prices on the back of a supply shortage.
News ID: 8290    Publish Date : 2020/01/10

State-controlled steel producer Steel Authority of India (Sail) increased iron ore output by 5.25pc to around 22mn t in 2019, a record high for the company.
News ID: 8289    Publish Date : 2020/01/10

India 's domestic hot-rolled coil (HRC) prices increased this week as traders restocked.
News ID: 8288    Publish Date : 2020/01/10

India 's crude steel output in December fell by 3.7pc from a year earlier to 9.01mn t, as large-scale steel mills carried out maintenance to slow production amid sluggish demand.
News ID: 8263    Publish Date : 2020/01/09

India 's coal ministry has identified as many as 40 coal blocks with an estimated production capacity of 150mn t/yr for its maiden commercial coal mining auction to be held before the financial year ends in March.
News ID: 8258    Publish Date : 2020/01/09

India n rebar prices remained flat over the past week amid sluggish demand from the construction sector.
News ID: 8251    Publish Date : 2020/01/08

A one-day strike by trade unions in India today has hit output at state-controlled producer Coal India (CIL), potentially curbing the company's broader production plans. But the extent of the impact on production is unclear.
News ID: 8249    Publish Date : 2020/01/08

An India n government panel has recommended lowering the country's reliance on thermal power over the next five years as part of a $1.4 trillion infrastructure spending plan.
News ID: 8220    Publish Date : 2020/01/06

Southern India (Bellary) based pellet makers have increased pellet offers by INR 300-400/MT starting this week. SteelMint’s assessment for pellets stands at INR 6,900-7,000/MT (Ex-Bellary) against last week's assessment at INR 6,600/MT. Pellet prices for Southern India have moved up by INR 700-800/MT M-o-M as against INR 6,200-6,300/MT (EXW) a month back. Bellary pellet prices are hovering at 6-months high as these levels were last seen in Jun'19.
News ID: 8215    Publish Date : 2019/12/30

Odisha based pellet maker has concluded pellet export deal for around 58,000 MT quantity to China. The deal is heard to have concluded for Jan shipment at around USD 114/MT, CFR China for Fe 64% pellets with 3% Al. The deal price is mostly similar to the SteelMint's price assessment last week.
News ID: 8214    Publish Date : 2019/12/30

Jindal Steel & Power Ltd - one of India 's major steelmaker announced quarterly output results today for Q3 FY'20. Export shipments increased to more than 3 Lakh MT an increase of 213% (Y-o-Y) during Q3 FY'20.
News ID: 8212    Publish Date : 2020/01/02

India n Ferro Chrome prices are close to the bottom levels, and Ferro Chrome producers are filled with hope, that the prices may increase by next month. Producers are positive that with global Chrome Ore prices not falling further and Stainless Steel prices rising in China Ferro Chrome prices may also increase.
News ID: 8210    Publish Date : 2020/01/02

Brahmani River Pellets Limited (BRPL), an Odisha based pellet maker has achieved the highest ever pellet shipment volumes in Dec’19. The company sailed out 7 vessels of total quantity 3,87,007 MT. Out of this, six were export vessels amounting a quantity of 335,007 MT and one was coastal vessel of 52,000 MT.
News ID: 8189    Publish Date : 2019/12/31

APL Apollo Tubes Ltd - one of the largest ERW pipes manufacturers in India has increased price by INR 1,000/MT (USD 14) for Jan'2020 deliveries.
News ID: 8188    Publish Date : 2019/12/31

Global HRC, CRC market continues to observe hike in export offers from countries like China, India . Following this import prices to Vietnam also witnessed increase.
News ID: 8187    Publish Date : 2019/12/31

According to a recent report, Vedanta’s Lanjigarh alumina refinery has won a prestigious Gold award under the Metals Sector at Frost & Sullivan’s India Manufacturing Excellence Awards 2019.
News ID: 8155    Publish Date : 2019/12/30

Rashtriya Ispat Nigam Limited (RINL)- state-owned steel maker under the Ministry of Steel, has issued spot sales notice for export of 10,000 MT bloom, 10,000 MT billet & 10,000 MT wire rod coils.
News ID: 8148    Publish Date : 2019/12/26

This week domestic HR plate prices witnessed uptrend by around INR 500-1000/MT W-o-W in traders market in anticipation of price hike by India n mills in the month of Jan’20.
News ID: 8146    Publish Date : 2019/12/26

Rashtriya Ispat Nigam Ltd (RINL), the public sector steel producer operating in Vizag, has reported subdued performance at one of its blast furnaces, thus impeding the monthly steel output noted from the company.
News ID: 8145    Publish Date : 2019/12/26

OMC Chrome Ore prices have been very volatile in H2 CY19. The scenario of Ferro Chrome in the global market mostly drives the Chrome Ore prices. However, the prices of Chrome ore have been taking an interesting turn after mid-August, when the supply disruptions in Odisha created havoc among the producers of Ferro Chrome as many went out of stock. Therefore, in September the prices rose by 25% M-o-M in line with a supply shortage of the Chrome Ore in the market.
News ID: 8143    Publish Date : 2019/12/26

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