According to vessel line up data maintained with SteelMint, India imported 53,860 MT pellets from Iran in the month of April'19 compared to nil imports in last month. Since the data maintained with SteelMint, it’s for the first time that India has imported pellets from Iran.
News ID: 4502 Publish Date : 2019/05/14
According to provisional data released by Joint Plant Committee (JPC) India’s finished steel exports (non alloy steel +alloy and stainless steel) stood at 0.398 MnT in Apr’19 down by 33% on monthly basis as compared to 0.592 MnT in previous month.
News ID: 4497 Publish Date : 2019/05/14
Indian iron ore export volumes increased by 14% to 1.36 MnT as against 1.19 MnT in Mar’19. On yearly basis, iron ore export increased by 15% as against 1.18 MnT in the month of April’18 last year. Iron ore exports from India have climbed to 1-year high as similar level of exports was last seen in Mar’18 at 2.63 MnT.
News ID: 4496 Publish Date : 2019/05/10
According to data maintained with SteelMint, Indian pellet export volumes for Apr'19 have been recorded at 0.88 MnT, down 25% on monthly basis as against 1.17 MnT a month ago.
News ID: 4495 Publish Date : 2019/05/10
Indian domestic steel trade activities were subdued during the week-18 (27th Apr to 04th May) as prices remained volatile amid average supply-movement.
News ID: 4493 Publish Date : 2019/05/10
SteelMint in conversation with trade sources mentioned that Indian based stockist concluded a deal of imported HRC from Korea for June shipments.
News ID: 4488 Publish Date : 2019/05/10
Indian spot steel trade activities was remain on average basis as prices volatile by INR 100-200/MT on day trade activities.
News ID: 4487 Publish Date : 2019/05/10
Indian steel prices slightly fluctuated amid subdued trade activities as prices in across major markets increased by INR 100-200/MT except in Western India where same proportion fall observed.
News ID: 4472 Publish Date : 2019/05/09
In conversation with industry participants, SteelMint learned that major Indian steel manufacturers have rolled over HRC & CRC prices for May deliveries.
News ID: 4470 Publish Date : 2019/05/09
Indian steel prices slightly fell on limited trade inquiries with less clarity in market directions whether the current price range will sustain or see major change in coming days.
News ID: 4464 Publish Date : 2019/05/09
Indian spot steel trade activities remains low as finished steel inventories observed more than the average basis with the mid sized mills. Participants being reported, limited inquiries from the local re-rollers for Billet & Sponge iron.
News ID: 4452 Publish Date : 2019/05/07
Indian domestic steel trade activities was not up to the mark during the week-17 (20-27th Apr'19). Meanwhile supply remains on average basis of Semis products, this in turn volatility in Sponge iron & Billet prices by INR 200-700/MT in major markets.
News ID: 4446 Publish Date : 2019/05/07
Global scrap prices showed mixed trends this week. Japanese scrap prices continued downtrend on weak demand with ongoing Golden week holidays. Indian market observed slow demand amid ongoing elections and competetive domestic price.
News ID: 4444 Publish Date : 2019/05/07
Spot steel prices remain volatile following subdued trade activities in domestic market. As per participants, average movement in Semis products, while in finished products stocks have been rise with the mid sized mills.
News ID: 4443 Publish Date : 2019/05/07
India pellet export market remains quiet this week. Indian pellet makers were heard offering Fe 64/63% pellets with 3% Alumina at USD 119-120/MT CFR China but no deals were reported.
News ID: 4436 Publish Date : 2019/05/06
Indian secondary rebar demand remains weak amid low buying interest through the traders end and increase in stock levels urged re-rollers to lower the price range.
News ID: 4433 Publish Date : 2019/05/06
In the letter dated 4th Apr’19, Ministry of Steel intends to implement Quality Control Order on 13 additional product standards.
News ID: 4429 Publish Date : 2019/05/06
MMTC- India’s largest and state-owned trading house, had floated export tender of 30,000 MT non-alloy Pig Iron on behalf of Neelachal Ispat Nigam Limited (NINL). The due date for submission of bids was on 15 Apr’19 and material shipment was scheduled between 10-20 May'19 from Paradip port.
News ID: 4422 Publish Date : 2019/05/05
Sponge iron export offers from Jharkhand & Odisha (eastern India) have moved down slightly by USD 5/MT due to declining offers for domestic buyers & falling exchange rate of Indian Rupee against dollar.
News ID: 4418 Publish Date : 2019/05/05
SteelMint in conversation with market sources heard that a last week a major Indian steel mill concluded a deal to Vietnam for May shipments.
News ID: 4417 Publish Date : 2019/05/05