India

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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

India 's steel exports surged by 80pc from a year earlier to 867,000t in November, according to provisional figures from India 's steel ministry.
News ID: 7900    Publish Date : 2019/12/10

India 's steel demand is forecast by some domestic analysts to grow at a slower pace of 5-6pc in the 2019-20 fiscal year ending 31 March compared with 7.5pc growth in 2018-19.
News ID: 7751    Publish Date : 2019/12/04

BRPL, one of India 's largest iron ore pellet exporters, achieved its highest monthly sales of 357,562t in November.
News ID: 7728    Publish Date : 2019/12/03

India is taking further steps to fast-track approvals and bureaucratic clearances for coal projects, as the country looks to attract investors to the sector and speed up government processes to bring new mines into production.
News ID: 7727    Publish Date : 2019/12/03

State-controlled producer Coal India (CIL) is looking at its first drop in yearly production since at least the 2003-04 fiscal year, complicating a government pledge to provide around the clock electricity to all households and industries and boost economic growth.
News ID: 7696    Publish Date : 2019/12/02

Steel Authority of India Ltd (SAIL) - a govt. owned steel producer conducted auction for around 6,100 MT steel grade pig iron today from its Rourkela Steel plant (eastern India ). The auction received weak response as entire offered quantity remained unsold.
News ID: 7657    Publish Date : 2019/11/18

Rashtriya Ispat Nigam Limited (RINL), a state owned steel maker under the Ministry of Steel, has invited two bloom export tenders of size; 200*200 and 150mm and quantity 20,000 MT and 30,000 MT respectively.
News ID: 7605    Publish Date : 2019/11/16

TATA Metaliks has raised basic (steel) grade pig iron price by INR 500/MT (USD 7), this week amid better demand.
News ID: 7599    Publish Date : 2019/11/16

The JSW group has commissioned a 18mn t/yr iron ore terminal at the state-run Paradip port in the eastern India n state of Odisha.
News ID: 7586    Publish Date : 2019/11/28

India 's Jindal Power and Steel (JSPL) aims to raise its crude steel output to 8.5mn t during the 2020-21 fiscal year ending 31 March on expectations of increased demand from infrastructure projects.
News ID: 7571    Publish Date : 2019/11/27

Supplies from state-controlled Coal India (CIL) to the country's coal-fired power plants continued to decline in October, albeit at a slower pace than a month earlier.
News ID: 7545    Publish Date : 2019/11/26

India 's coated steel prices remained flat this week, as demand stayed slow after the festive season ended in October.
News ID: 7462    Publish Date : 2019/11/14

India 's steel demand growth will remain stable in the October 2019-March 2020 period at around 5pc, forecasts domestic private-sector producer JSW Steel, amid reviving sales for the construction, solar appliances and pipe sectors.
News ID: 7429    Publish Date : 2019/11/13

Karnataka iron ore e-auction sales volume has rebounded for the month and registered an increase of 48% in Oct’19. Total iron ore allotted quantity was recorded at 2.82 MnT in Oct’19 compared to 1.91 MnT in Sept’19. This month sales stood the second-highest in this fiscal year after April’19 sales at 2.9 MnT.
News ID: 7421    Publish Date : 2019/11/11

The Andhra Pradesh government and state owned mining major NMDC will soon sign an MoU for supply of iron ore, a critical raw material, for the proposed Kadapa steel plant plant, foundation for which is planned to be laid next month.
News ID: 7410    Publish Date : 2019/11/08

Imported scrap trades in India remained quite slow this week, with buying of Shredded scrap in particular remaining silent all through the week, SteelMint learnt from market participants. Although offers moved up for yet another week as global market continued its uptrend, however buyers remained less interested in limited inquiries witnessed.
News ID: 7409    Publish Date : 2019/11/08

Tata Steel, India reported two fold increase in export volumes to 0.64 MnT in Q2 FY20 against 0.31 MnT in previous quarter. The guidance for exports for this fiscal will be around 2.4 MnT. Although export realization was lower than domestic realization this quarter, but helped to clear inventories shared officials during conference call. Lower volumes to Automotive segment were compensated by higher exports. Other key highlights of concall were:
News ID: 7402    Publish Date : 2019/11/07

Nepal based steel mills continue to actively book sponge iron from India .
News ID: 7400    Publish Date : 2019/11/07

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