Imported scrap trades to India witnessed some improvement this week, with several container bookings for HMS scrap being concluded in the western region on account of the domestic market showing improvement in billet sales and prices. Although offers continued to rise with the ongoing uptrend, market participants expect further improvement in buying activities from Jan’20 onwards amid positive signs from the finished steel market.
News ID: 8138 Publish Date : 2019/12/27
PELLEX remains stable at INR 6,650/wmt (DAP Raipur). No deals were reported in this publishing window at the increased offer by Raipur pellet makers. Raipur based pellet offers stable at INR 7,000/MT( Ex-plant); normalizing for freight to Raipur at INR 7,150/MT (DAP Raipur).
News ID: 8137 Publish Date : 2019/12/27
State-owned, MSTC-Karnataka, conducted the e-auction for Manganese Ore from Sandur Mines (SMIORE) on 26 Dec' 19. The auction has received an overwhelming response, as the entire quantity of Manganese ore was booked at 27.5% higher value than the total Floor value pt the base price of Manganese ore firm for December Auction.
News ID: 8136 Publish Date : 2019/12/27
India n hot-rolled coil (HRC) prices rose this week on increased buying activity amid market talk about large mills planning a sharp price hike in the near term.
News ID: 8120 Publish Date : 2019/12/27
India n Silico Manganese prices have escalated by 5% since last Monday in Raipur. Meanwhile, in Durgapur, prices remained stable with a marginal increase as compared to Raipur. The producers are affirmative and are increasing their production levels, which were discontinued in the past few months due to the lower margins in the Silico Manganese trade.
News ID: 8107 Publish Date : 2019/12/24
This week domestic HRC prices witnessed increase by around INR 500-1000/MT in traders market. SteelMint reported last week that major India n steel mills are likely to announce hike of INR 1000-1500/MT (USD 14-21) in Jan '20.
News ID: 8106 Publish Date : 2019/12/24
Domestic pellet offers in India moved up in all major markets. In Durgapur SteelMint’s reference, pellet price assessment stands at INR 6,500/MT ex-plant as against last week's pellet assessment of INR 6,300-6,400/MT (ex-Durgapur, GST extra). However, participants reported limited trades.
News ID: 8104 Publish Date : 2019/12/24
India 's exports of hot-rolled coil (HRC) rose by 231pc on the year to 533,000t in November.
News ID: 8090 Publish Date : 2019/12/24
India n Foreign Minister Subrahmanyam Jaishankar announced that his country has agreed with Iran to accelerate their mutual cooperation on developing Iran’s strategic port of Chabahar.
News ID: 8071 Publish Date : 2019/12/23
Several agreements reached at the 19th meeting of the Iran- India Joint Economic Commission were signed by the heads of the two countries' Joint Economic Commission.
News ID: 8070 Publish Date : 2019/12/23
Odisha- India 's largest iron ore producing state recorded total iron ore dispatches at 8.37 MnT in Nov'19, up 34% on monthly basis as against 6.23 MnT in Oct'19. The figures exclude movement for export and dispatches of miners- SAIL & Tata Steel.
News ID: 8037 Publish Date : 2019/12/13
Pellet export prices have inched up in the recent deal. This is 3rd export deal concluded by the company in a week's time.
News ID: 8035 Publish Date : 2019/12/14
Govt owned unit – SAIL had issued tender for sale of 10,00,000 MT iron ore fines. In recent update received, the company has extended due dates for fines sales from all its three mines in Jan’20. As per sources, due some state government clearance issues all three auctions have been re-scheduled in Jan’20.
News ID: 8034 Publish Date : 2019/12/14
SteelMint in conversation with market participants learned that major Raipur (Central India ) based pellet manufacturers have increased offers today by INR 300/MT.
News ID: 8029 Publish Date : 2019/12/16
Supplies from state-controlled producer Coal India (CIL) to the country's coal-fired power plants fell for the seventh straight month in November.
News ID: 7994 Publish Date : 2019/12/17
India 's plans to auction coal blocks for commercial mining are facing delays, mainly because of efforts to tighten the proposed pricing mechanism to lure international investors.
News ID: 7979 Publish Date : 2019/12/16
India 's imported scrap market has remained mostly silent with buyers generally keeping away from concluding any deals. Offers for imported scrap remained more or less in a similar range, however, some participants believe in a likelihood of an upward movement in prices in the coming week, after a rise in Turkish prices this week.
News ID: 7958 Publish Date : 2019/11/29
The India n government has started an anti-dumping investigation into imports of mono-ethylene glycol (MEG) from Saudi Arabia, Kuwait, Oman, UAE and Singapore.
News ID: 7951 Publish Date : 2019/12/13
India n hot-rolled coil (HRC) prices increased by 1,500 rupees/t ($21/t) from a week earlier, as steel mills experienced higher prices in export markets.
News ID: 7950 Publish Date : 2019/12/13
India 's domestic rebar prices fell by 500-1,000 rupees/t ($7-14/t) this week as sales fell, reversing a brief increase in demand last week.
News ID: 7910 Publish Date : 2019/12/11