Indian

Tags - Indian
Indian Ferro Chrome prices increased amid improved global market conditions. In China, there is decrease in VAT rates – from 16% to 13% which would have been effective from 1st Apr’19, but the notification is still awaited.
News ID: 4235    Publish Date : 2019/04/08

Amid fluctuation in Indian domestic sponge prices, the export offers to Bangladesh have remained more or less firm, as per SteelMint's weekly assessment.
News ID: 4218    Publish Date : 2019/04/07

During the Week-13 (25-30th Mar’19), Indian spot steel trades remained weak as participants were engaged to settle their accounts amid closing of fiscal year. Inline with supply, it was more or less average, this has resulted slight fall in prices.
News ID: 4193    Publish Date : 2019/04/04

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 till 26 Mar’19. and the shipment was scheduled between 10th-20th April 2019 from Paradip port.
News ID: 4190    Publish Date : 2019/04/04

Spot steel trades improved gradually today and the prices recovered in major markets. Towards the beginning of day, the prices fell by INR 200-300/MT, although by the end of day it moved up by INR 300-500/MT in major markets.
News ID: 4184    Publish Date : 2019/04/04

Indian steel prices fell further today against yesterday. However SteelMint learned that the mills are not looking for more drop in prices considering prices to have bottomed out (further drop may reduce prices below production cost of standalone mills) and are holding positive outlook.
News ID: 4177    Publish Date : 2019/03/30

As per SteelMint's analysis, iron ore movement across major producing states of the country recorded at 12.91 MnT (excluding exports) in Feb'19.
News ID: 4162    Publish Date : 2019/03/29

Indian spot steel trade activities was uncertain during the week-12 (16-23 Mar'19) due to festive holidays mood & falling raw materials.
News ID: 4153    Publish Date : 2019/03/26

Inquiries for seaborne pellet cargoes from Chinese mills which remained subdued since almost a month’s time has observed some signs of improvement this week. Indian pellet export prices have fallen in recent deals concluded.
News ID: 4147    Publish Date : 2019/03/25

SteelMint learned from market participants that Indian HRC export prices to Nepal have remained stable in recent bookings concluded for April end shipments.
News ID: 4143    Publish Date : 2019/03/25

As per the recent update received, Indian HRC importers booked around 35,000 MT of HRC from Japan for April shipments via two deals concluded almost 10-days back.
News ID: 4116    Publish Date : 2019/03/22

As per the vessel line up data maintained by SteelMint, Indian iron ore export volumes have seen significant increase in Mar’19. Till 16 Mar Indian iron ore export volumes have been recorded at 0.48 MnT against 0.33 MnT in Feb’19.
News ID: 4113    Publish Date : 2019/03/22

Indian Ferro Chrome prices remains unchanged in the domestic market amid sluggish market conditions. However, prices in the global market have risen.
News ID: 4097    Publish Date : 2019/03/21

According to the market participants report to SteelMint, Chinese mills continue to prefer low-grade iron ore which in turn kept inquiries for Indian pellets on the lower side. Even pellet port stocks in China have registered an increase in the last couple of weeks.
News ID: 4090    Publish Date : 2019/03/20

According to provisional data released by Joint Plant Committee (JPC) India’s finished steel exports stood at 0.619 MnT in Feb’19 jumped by 30% M-o-M basis as compared to 0.475 MnT in Jan’19.
News ID: 4085    Publish Date : 2019/03/19

This week Indian HRC prices witnessed slight increase in traders market after announcement of sharp price hike by INR 1000-1500/MT by major Indian steel mills last week for March deliveries.However dull trades restricted surge in prices in trade segment this week.
News ID: 4066    Publish Date : 2019/03/18

Vale’s Corrego do Feijao mine rupture at Minas Gerais in Brumadinho, Brazil, on 25 January this year has put DRI manufacturers in MENA (Middle-east and North Africa) region under stress because of the announcement of a mammoth 11 MnT pa production cut of high-grade pellets by the Brazilian mining behemoth.
News ID: 4064    Publish Date : 2019/03/18

Indian Silico Manganese prices remain unchanged in Raipur but rises steeply in Durgapur, as producers in Durgapur mostly rely on imported Ore.
News ID: 4060    Publish Date : 2019/03/17

Eseel Mining, a unit of Aditya Birla group is set to reduce its offers for iron ore lumps by Rs 400/t ($5.6). Essel Mining is one of the largest merchant iron ore miners with an annual capacity of 10 million tonnes per annum in the state of Odisha.
News ID: 4047    Publish Date : 2019/03/16

This week, rebar demand in domestic market is on recovery mode, after a constant fall during last week. As per assessment, in last 2 days the prices increase was near about INR 500/MT (upto USD 7) across major markets.
News ID: 4033    Publish Date : 2019/03/15

Most Like