India n pig iron manufacturer - Vedanta has recently concluded pig iron export deal to China last week, as per market sources report to SteelMint. The company is heard to have concluded 35,000 MT basic grade pig iron export deal to China for Nov shipment at around USD 330/MT, CFR China.
News ID: 7344 Publish Date : 2019/11/04
Cabinet has given a "go ahead" to export iron ore pellets from Karnataka, as per reports. Iron ore will be converted to pellets for exports, which Law minister JC Madhuswamy said is in line with the center’s decision. "It has been decided not to export iron ore from Karnataka. Pellets as value-added product should be exported."
News ID: 7338 Publish Date : 2019/11/01
NMDC (Chhattisgarh) supplied total 303 rakes (1.16 MnT) of iron ore in the month of Oct’19, up 59% against 190 rakes (0.73 MnT) a month before in Sept’19, according to railway movement data maintained with SteelMint.
News ID: 7336 Publish Date : 2019/11/01
Imported scrap offers to India have continued to rise for another week following the global upside. SteelMint's assessment for imported scrap to India has increased by USD 10/MT W-o-W. No major deal for containers was reported this week due to mismatch in buyers’ bids and offers from suppliers.
News ID: 7335 Publish Date : 2019/11/01
MOIL has declared Manganese Ore prices for the Nov’19, effective from 1st Nov 2019. Imported Manganese ore prices have been falling sharply and the fall in last week was up to 18%, which made the domestic prices costlier compared to the imported carbonate ores.
News ID: 7334 Publish Date : 2019/11/01
Steel Authority of India Ltd (SAIL) has received decent response for its 13,000 MT steel grade pig iron offer floated on 25th Oct'19 for sale from Bhilai Steel Plant(BSP), SteelMint learnt from trade participants. Nearly 10,000 MT pig iron was learned to have booked at base price, shared company official.
News ID: 7307 Publish Date : 2019/10/31
India n medium and small scale rebar market has observed mix trends over the past week and as per weekly comparison prices have moved up by INR 200-600/MT in most of the regions on increase in semis price range.
News ID: 7303 Publish Date : 2019/10/31
India n Silico Manganese producers have been under continuous selling pressure for quite some time now, and the sinking Manganese Ore prices are now an added pressure on the Silico Manganese prices. The falling ore prices are having a cascading effect on the market as the imported material will not arrive before December, yet the pressure is building up on Silico Manganese Prices
News ID: 7301 Publish Date : 2019/10/31
With reference to the “Invitation of bids for grant of Mining Lease for Iron Ore and Manganese Minerals” dated October 04, 2019 issued by the Government of Odisha, a Pre-Bid Conference will be conducted at 11:30 hours on November 04, 2019.
News ID: 7300 Publish Date : 2019/10/31
India n state-controlled refiner IOC is expected to increase production in the coming months at its new 700,000 t/yr polypropylene (PP) plant at Paradip in east India 's Odisha state.
News ID: 7290 Publish Date : 2019/11/06
Steel Authority of India - a government of India Company has floated export tender for prime mild steel non-alloy concast billets. The tender quantity is reported to be 18,900 MT. The cargo will be shipped from Haldia port. The tender was put up for Prime Mild Steel Non-Alloy Concast billet, size 150*150 mm offered from IISCO Steel Plant.
News ID: 7116 Publish Date : 2019/10/29
West India (Rajasthan) based pellet maker - Jindal SAW decreased pellet (Fe 63%) offers by INR 150/MT for the week. Current offers are at INR 7,900/MT (delivered Kandla) as against 8,050/MT (delivered Kandla) assessed last week. The pellet maker has booked an export shipment for Nov shipment and thereafter is also likely to take maintenance shutdown for a month's time. Jindal SAW runs a 1.5 MnT pellet plant in Bhilwara (Rajasthan).
News ID: 7113 Publish Date : 2019/10/29
Imported scrap offers to India moved up slightly this week against last week's report, following Turkish price trend, SteelMint learned from industry participants. Trades remain less active in containerized markets before the festival.
News ID: 7093 Publish Date : 2019/10/25
Prices of Ferro Silicon have remained stable for the past two weeks despite the weakening of the steel market. However, such stability in prices is attributed to the lower stocks with the producers. Ferro Silicon prices have been hitting low for quite some time now and are the lowest in the past three years.
News ID: 7087 Publish Date : 2019/10/24
This week, low buying interest ahead of the festive holidays continue to keep India n HR-plates prices largely supported.
News ID: 7086 Publish Date : 2019/10/24
The Odisha Mining Corporation Ltd intends to sell various grades of chrome ore (friable) produced at South Kaliapani chromite mines and Sukrangi chromite mines of OMC Ltd in the Sukinda valley of JK Road Region, Jajpur Dist Odisha. OMC Ltd has decided to use the service of MSTC Ltd (a Govt. of India Undertaking) to conduct e-auction for selling off its (OMC) chrome ore. OMC increased the base prices of all grades of Chrome Ore by 15% for October Chrome Ore Auctions in line with the shortage of chrome ore availability with the producers.
News ID: 7060 Publish Date : 2019/10/23
India n Ferro Chrome industry depends equally on the export market, and with the export demand dipping, the producers are shifting to the domestic market. Few small producers are willing to reduce their prices to much lower levels to cope up with the cash crunch situations. Due to the scarcity of market transactions and the pressure on some factories, the ex-factory price of HC Ferro Chrome in the domestic market moved down by around INR1500/MT.
News ID: 7058 Publish Date : 2019/10/23
JSW Steel, one of the prominent steel producer in India with an installed steel-making capacity of 18 MnT pa announced its Q2 FY20 results today.Below are the highlights of the conducted conference call-
News ID: 7055 Publish Date : 2019/10/23
Odisha’s state-owned miner- Odisha Mining Corporation (OMC) had scheduled its iron ore fines e-auction yesterday (21st Oct’19). Total quantity put under the auction was 276,000 MT iron ore fines. Entire offered quantity was booked registering sharp increase over set base price.
News ID: 7051 Publish Date : 2019/10/22
Oversupply and low demand are pulling down the seaborne Manganese ore market. Major importers like China and India are postponing their shipments from South Africa as the alloy manufacturers hope the prices to fall further. With the dipping Manganese alloy prices, the producers are approaching to the cost line and the buying interest of steel manufacturers are tepid. In addition to this, the present inventory levels with the producers are restraining them from booking any more consignments.
News ID: 7049 Publish Date : 2019/10/22