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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

India 's private-sector producer Haldia Petrochemicals (HPL) has issued a tender to sell 130,000t of benzene for 2020.
News ID: 7024    Publish Date : 2019/10/30

TATA Steel's pig iron auction of 3,000 MT from its Bhushan Steel Plant fetched bids higher by INR 350/MT, SteelMint learned from market sources.
News ID: 7007    Publish Date : 2019/10/18

India n medium scale mills have raised their rebar offers amid decent trade volumes in overall regions and the price range have been increased by around INR 400-1,200/MT (USD 5-17), W-o-W.
News ID: 7006    Publish Date : 2019/10/18

Market participants are hopeful of upcoming Diwali festive season to boost demand and less chances of further decline in prices in near term.Further festive holidays will keep domestic HRC prices largely supported.
News ID: 6986    Publish Date : 2019/10/16

Manganese Ore imports increased by more than double in Sep'19 M-o-M in line with the delayed shipments. Normally, it takes about two months to receive a shipment post confirmation of the orders.
News ID: 6985    Publish Date : 2019/10/16

India 's construction and real estate sectors might see increased activity in the coming months, which could lift steel demand, although a broader economic slowdown might cap gains in sales volumes and prices.
News ID: 6960    Publish Date : 2019/10/24

JSW Steel- India 's second largest private steel maker total iron ore sourcing recorded at 1.33 MnT in Sep'19. The sourcing witnessed 21% drop M-o-M as against 1.69 MnT in Aug'19. On yearly basis, sourcing fell 42% in Sep'19 as against 2.29 MnT in Sep'18.
News ID: 6935    Publish Date : 2019/10/14

South Korean hot rolled coil (HRC) exports to India dropped by over 41% in September 2019 to 85,084 tonnes (MT) from 144,273 MT in August.
News ID: 6858    Publish Date : 2019/10/12

The trial conducted by 25-year-old Akshay Singhal on his electric car Mahindra e2o Plus to run on water and aluminium had done several round ups on the internet last year, and now its receipt of a $3.5 million funding is drawing attention. The news came on Monday, October 21, when the company Log 9 Materials announced that it received the funding in Series A round led by Exfinity Venture Partners and Sequoia Capital India ’s accelerator programme Surge.
News ID: 6836    Publish Date : 2019/10/22

Jindal Steel and Power Limited (JSPL), one of India ’s leading steel producer has released its steel output and sales figures today for Q2 FY’20 results.
News ID: 6818    Publish Date : 2019/10/08

Steel Authority of India Ltd (SAIL) has raised pig iron (steel grade) offers by INR 100/MT from its Bhilai Steel Plant (BSP), officials confirmed SteelMint.
News ID: 6816    Publish Date : 2019/10/08

India has recorded sharp growth in billet/bloom export shipments against last month. Based on data of ports maintained with SteelMint, India has exported approximately 181,310 MT of billets and blooms in Sep’19 against around 64,000 MT in Aug’19.
News ID: 6793    Publish Date : 2019/10/05

Southern India based pellet maker - KIOCL has concluded domestic pellet deal yesterday on 3rd Oct’19 via tender floated. The company had floated domestic tender offering 50,000 MT pellets consisting of Fe 64% content with less than 2% Al. As per the sources, the deal was concluded at around INR 8,100/MT (on FoB basis to Mangalore port).
News ID: 6710    Publish Date : 2019/10/04

JSW Steel, India 's largest private steel producer has reduced its gas based DRI (sponge iron) offers by around INR 750/MT (USD 11) for Oct'19 deliveries, sources closed with the company reported.
News ID: 6706    Publish Date : 2019/10/04

Imported scrap offers to India remained more-or-less stable this week, after observing successive downtrend in prices for several weeks, SteelMint learned from industry participants. Trades remained active in containerized as well as bulk market, with steel-mills looking to actively restock while the global market is down. With the improvement in overall sentiments, the market is expecting buying activity to rise further at buyer-friendly prices.
News ID: 6703    Publish Date : 2019/10/04

NMDC- India 's largest iron ore producer registered iron ore sales at 1.91 MnT for the month of Sep’19, up 28% as compared to 1.49 MnT in Aug'19. Sales from Chhattisgarh mines witnessed at 1.34 MnT (up 28% M-o-M) and sales from Karnataka mines at 0.57 MnT, up 30% on monthly basis.
News ID: 6701    Publish Date : 2019/10/03

One of India 's largest steel producer - Vizag Steel, state owned steel maker under the Ministry of Steel, had invited a tender for export of 8,127 Billets, 8,127 MT Wire Rod and 5,418 MT Bloom to Nepal on 17th Sep'19.
News ID: 6700    Publish Date : 2019/10/03

India n Ferro Chrome Prices have been under pressure for a long duration, however, despite low demand and thin trading activity, the prices skyrocketed in the domestic market in line with increased Chrome Ore Prices in the recent auctions. Meanwhile, most of the producers are out of material to supply and thus, the supply situation for both the raw material and Ferro Chrome are tight.
News ID: 6695    Publish Date : 2019/10/03

In what has come as a blow to TATA Steel, the state government of Odisha has taken an “in-principal” decision not to put the Sukinda chromite mining block to auction in March 2020 when mine leases expire.
News ID: 6598    Publish Date : 2019/09/28

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