Indian low-grade iron ore fines (Fe 57/58) export price has increased marginally this week to around USD 58-59/MT, CFR China witnessing a weekly hike of USD 1- 2/MT.
News ID: 8033 Publish Date : 2019/12/14
Indian steel mills cheer on active demand from global market, SteelMint learned from market participants. Most of the large mills making billets from BF route are booked for Jan/Feb shipments.
News ID: 8031 Publish Date : 2019/12/14
Following surge in Indian domestic prices, billet export offers to Nepal increased by USD 5-10/MT W-o-W. Deals for induction grade billet have been reported this week from eastern India, however primary mills are less interested to sell in Nepal owing to high offers in ocean market.
News ID: 8023 Publish Date : 2019/12/18
Indian medium and small scale mills have raised rebar offers amid strengthening raw material (billet) prices along with improved trade volume. Rebar prices increased by INR 400-1,300/MT (USD 5-19) across markets on weekly basis.
News ID: 8019 Publish Date : 2019/12/18
This week domestic HRC prices exhibited a mixed response. Prices witnessed increase by INR 500/MT in northern and southern regions, however in western and eastern regions of India prices remained range-bound.
News ID: 8018 Publish Date : 2019/12/18
The Indian Bureau of Mines (IBM), Ministry of Mines, Government of India approved the Mining Plan of NMDC to enhance the production of iron ore from Kumaraswamy Iron Ore Mines from present level of 7 million tonnes per annum to 10 million tonnes per annum for the years 2020-21 and 2021-22. The said notification was issued by the Regional Control of Mines, Indian Bureau of Mines, Bangalore.
News ID: 8017 Publish Date : 2019/12/18
Indian Deputy National Security Advisor Rajinder Khanna said joint investment by Tehran and New Delhi in Chabahar port will be a major help to the flourishing and enhancement of Afghanistan's economy.
News ID: 8015 Publish Date : 2019/12/18
This week Indian color coated / PPGI prices increased by INR 300-750/MT W-o-W in major markets following upside in HRC prices along with bullish sentiments prevailing in the domestic market. Improved buying in steel-consuming sectors and an uptick in demand resulted in an increase in PPGI prices this week in the trade market.
News ID: 7965 Publish Date : 2019/11/29
Major Indian steel mills increased their imported HRC offers by USD 10/MT for Jan'20 deliveries, SteelMint learned from market sources.
News ID: 7961 Publish Date : 2019/11/29
It is now more than a year since an Indian operator has taken control of Shahid Beheshti Port in Iran’s Southeastern port city of Chabahar where cargos from all over the world can be unloaded from ships to be transported to Afghanistan and landlocked nations of Central Asia.
News ID: 7952 Publish Date : 2019/12/15
Indian coking coal imports moving through 12 key state-controlled ports only posted marginal year-on-year gains during April-November and were at risk of a further contraction as lower steel production hits demand.
News ID: 7928 Publish Date : 2019/12/12
India's iron ore output is poised to post a sharp drop in the 2020-21 fiscal year starting 1 April, but it may not result in a significant spike in imports although domestic prices may increase.
News ID: 7779 Publish Date : 2019/12/05
Indian imports of the pulverised coal injection (PCI) grade used for steel production fell to this year's lowest level in October as more Australian imports were replaced with PCI from Russia and Canada.
News ID: 7778 Publish Date : 2019/12/05
Indian spot steel trades remained limited during the week-47 (16-23rd Nov'19). Participants mentioned that, inquiries were less than the average, however due to sufficient orders in hand, the producers have slightly change their offers.
News ID: 7747 Publish Date : 2019/11/23
SteelMint in conversation with market participants learned low-grade fines (Fe 57/58) export price picked up to around USD 55-57/MT as against last week's assessment at around USD 54-57/MT. The market is supported amid rise in Chinese demand and falling iron ore inventory at major Chinese ports & restocking ahead winters.
News ID: 7746 Publish Date : 2019/11/23
Indian steel prices drop further during the week-46 (9-16th Nov'19) on account of poor lifting and lessened inquiries. As per mid sized mills, this week demand was not upto the mark, hence the prices drop slightly.
News ID: 7601 Publish Date : 2019/11/16
Over 100 delegates representing more than 50 foundries from across India have taken part in an event dedicated to building knowledge and fostering innovation.
News ID: 7519 Publish Date : 2019/11/21
India's polyethylene (PE) demand is expected to remain at around 8pc until 2021, before being spurred on by economic and infrastructural growth, according to state-controlled gas distributor and petrochemical producer Gail.
News ID: 7457 Publish Date : 2019/11/14
Indian coking coal imports moving through 12 key state-controlled ports during April-October have contracted amid weakness in the steel sector.
News ID: 7428 Publish Date : 2019/11/13
Indian Finish long steel exports surged by 47.7% Q-o-Q in Q2 FY’20, as per the customs data maintained with SteelMint. Finish long steel export was recorded at 309,641 MT in Q2 FY’20 against 209,612 MT in Q1 FY’20.
News ID: 7417 Publish Date : 2019/11/11