Western India (Rajasthan) based pellet maker -Jindal SAW increased pellet (Fe 63%) offers by INR 200/MT for the week. Current offers are at INR 8,000/MT (delivered Kandla) as against INR 7,800/MT towards the beginning of last week. The pellet maker is learned to have concluded deals at last offers of INR 7,800/MT following which it raised its offers. Jindal SAW runs a 1.5 MnT pellet plant in Bhilwara (Rajasthan).
News ID: 6442 Publish Date : 2019/09/10
According to General Administration of Customs, China - the world's largest iron ore consumer and importer, recorded 4% rise in iron ore imports to 94.85 MnT in Aug'19 against July’19 imports at 91.02 MnT. The imports have hit 19- months high as the level was last witnessed in Jan’18 at 100.32 MnT.
News ID: 6439 Publish Date : 2019/09/09
During the week 36, India's spot steel trades of mid sized mills improved in major locations followed by increase in offers by INR 100-500/MT. Also trade volumes reported increase this week.
News ID: 6416 Publish Date : 2019/09/07
According to data maintained with SteelMint, Indian pellet export volumes in Aug'19 has been recorded at 1.42 MnT, up 19% on monthly basis as against 1.20 MnT a month ago. On yearly basis, exports increased sharply as compared to Aug'18 exports at 0.45 MnT.
News ID: 6412 Publish Date : 2019/09/06
PELLEX remains stable at INR 6,050/WMT (DAP Raipur) amid few trades reported for small quantity. Four deals were reported in Raipur market in this publication window (with total traded quantity of 10,000 MT). A major Raipur based pellet maker concluded two deals of 3,000 MT each at INR 5,900/MT (Ex-plant); normalizing for freight to Raipur at INR 6,050 (DAP Raipur).
News ID: 6409 Publish Date : 2019/09/06
Southern India based pellet maker - KIOCL has concluded pellet export deal yesterday (i.e 03rd Sept’19) to China. The company concluded 50,000 MT pellet consisting of Fe 64% content with less than 2% alumina. As per the sources, the deal was concluded at around USD 98/MT, FoB India, which will be equivalent to USD 112-113/MT, CFR China.
News ID: 6380 Publish Date : 2019/09/04
Domestic pellet offers in Indian market continued to remain stable at the beginning of week 36, 2019.
News ID: 6358 Publish Date : 2019/09/03
Indian pellet export market has gained some movement after observing a week's silence. According to market sources reported to SteelMint, an east India based pellet maker has concluded pellet export deal to China for 50,000 MT pellet (Fe 64%, and 3% Al).
News ID: 6356 Publish Date : 2019/09/02
PELLEX decreased to INR 6,050/WMT (DAP Raipur) on reduced domestic offers. No significant transaction was reported during this publication window.
News ID: 6283 Publish Date : 2019/09/03
PELLEX remain stable at INR 6,100/wmt (DAP Raipur) due to limited trades reported. Raipur based pellet makers concluded 2500-3000MT pellet at INR 6,200/MT (Ex-plant) normalizing for freight to Raipur at INR 6,350 (DAP Raipur).
News ID: 6205 Publish Date : 2019/08/28
Indian pellet export market continues remain slow as market participants are awaiting firm bids from China. According to the market participants, no firm bids for pellet s from China were heard but indications for export around USD 110-115/MT, CFR China levels (3% Al pellet s).
News ID: 6182 Publish Date : 2019/08/26
PELLEX down by INR 150 to INR 6,100/wmt (DAP Raipur) against the last index at INR 6,250/wmt published on 16th Aug due to recent transactions. Deal for around 25,000 MT pellet s was reported at INR 6,000-6,100/MT (DAP Raipur).
News ID: 6153 Publish Date : 2019/08/25
According to National Bureau of Statistics, China - world's largest consumer and importer of iron ore has witnessed slight rise in crude iron ore production for July’19.
News ID: 6072 Publish Date : 2019/08/20
Godawari Power and Ispat Limited (GPIL) - one of the largest steel producers based in central India has released its operational results for the first quarter of FY’20 ending Jun'19.
News ID: 6009 Publish Date : 2019/08/17
Indian Steel prices were down trend during the Week -32 (3-10 Aug'19) over limited spot trades. However by the end of week, the prices have gain momentum on slight improved demand in Northern India.
News ID: 5992 Publish Date : 2019/08/17
State-owned pellet maker - KIOCL (Kudremukh Iron Ore Company Ltd) recorded enhanced pellet production for first quarter FY20. The production recorded at 0.61 MnT, above the set target of 0.49 MnT. The production marked 38% increase Y-o-Y as against Q1 FY’19 production at 0.44 MnT.
News ID: 5973 Publish Date : 2019/08/16
Market sentiments in Rapur domestic pellet market improved this week following sharp hike in pellet sponge prices yesterday. Two deals for pellet s for 10,000 and 16,500 MT reported yesterday at INR 6,100-6,200 (ex- Raipur) from Raipur based pellet makers.
News ID: 5922 Publish Date : 2019/08/15
Close to 30,000 MT pellet s were traded in Raipur market so far this week after hike in P-DRI prices, SteelMint learned from sources.
News ID: 5920 Publish Date : 2019/08/15
West India (Rajasthan) based pellet maker - Jindal SAW lowered pellet (Fe 63%) offers for the week. Current offers are at INR 7,800/MT (delivered Kandla) as against INR 8,300/MT towards the closing of last week. Jindal SAW runs a 1.5 MnT pellet plant in Bhilwara (Rajasthan).
News ID: 5859 Publish Date : 2019/08/08
SteelMint pellet Index (PELLEX) moved down by INR 200/MT to 6,450/ MT (DAP Raipur) against the last index published on 02nd Aug’19 amid falling indications in the export market and reduction in offers by pellet makers this week.
News ID: 5855 Publish Date : 2019/08/08