Indian steel market observed surge in price range in week 45 (2-9th Nov'19) amid improved trade volumes, as stated by market participants.
News ID: 7416 Publish Date : 2019/11/09
Indian HRC export offers to Vietnam have moved up by USD 10/MT for positioned cargoes for Dec shipments, owing to higher bids from Vietnam buyers. Thus currently Indian HRC offers are at USD 440/MT CFR Vietnam.
News ID: 7404 Publish Date : 2019/11/07
India's medium & small scale mills have raised rebar offers amid improve trade activities in few specific regions and movement post Diwali holidays.
News ID: 7403 Publish Date : 2019/11/07
SteelMint in conversation with market participants learned that bids for Indian low-grade fines from China have come down this week following the decline in global iron ore price. Low-grade fines (Fe 57/58) assessment of SteelMint moved down to around USD 53-55/MT CFR China, as against the last assessment at USD 55-57/MT, CFR China.
News ID: 7376 Publish Date : 2019/11/02
Indian mills reported to have increased HRC offers by upto INR 750/t ($10.5) for November deliveries. Market participants feel this hike is largely supported on optimism seen in export market rather than improvement in domestic demand. SteelMint analyse why Indian HRC prices are so influenced by export market these days.
News ID: 7373 Publish Date : 2019/11/02
India's domestic pellet market mostly stable on weekly basis except Ex-Bellary based pellet assessment decreased marginally to INR 6,100-6,200/MT this week against last week at INR 6,100-6,300/MT.
News ID: 7348 Publish Date : 2019/11/05
Indian iron ore exports have recorded sharp increase in Oct’19. The exports were witnessed at 1.74 MnT, up 53% M-o-M as against Sep’19 exports at 1.14 MnT. On yearly basis, the exports have depicted a significant rise as compared to Oct’18 at 0.42 MnT.
News ID: 7342 Publish Date : 2019/11/04
Inventories of construction steel re-bar with large mills in India dropped to ~650,000 MT at the end of October, according to recent survey done by SteelMint.
News ID: 7341 Publish Date : 2019/11/04
Indian sponge iron exports observed a jump of 62% in first 6 months of FY20 (Apr-Sep'19) against the same period in preceding year. Exports have increased on account of rising demand from neighboring countries like Bangladesh, Bhutan and Nepal.
News ID: 7339 Publish Date : 2019/11/04
In conversation with market sources SteelMint heard that a major Indian steel manufacture has booked HRC for export to Vietnam for Nov-end Dec shipments. The deal concluded is for 50,000 MT of HRC (SAE 1006) at USD 422-425/MT CFR Vietnam.
News ID: 7337 Publish Date : 2019/11/01
According to market sources report to SteelMint, Indian pellet export prices have moved down in recent deals concluded by Odisha based pellet maker.
News ID: 7309 Publish Date : 2019/10/31
In conversation with trade participants, SteelMint learned that Indian mills have increased HRC export offers to Vietnam by around USD 5-10/MT against last week.
News ID: 7304 Publish Date : 2019/10/31
Indian imports of metallurgical coke fell to the lowest level in more than a year as the country's steel industry struggled, while mills that were still importing moved away from China for their supplies.
News ID: 7289 Publish Date : 2019/11/06
Indian Steel prices were down trend during the Week – 43 (19-26 Oct'19) over limited trade activities. As per producers, the market observed short pause amid ‘Diwali’ festive holidays.
News ID: 7109 Publish Date : 2019/10/26
Indian secondary rebar market observed limited trade volumes amid ongoing festive mood in the country. As per daily assessment rebar prices inched up by INR 100-300/MT across regions.
News ID: 7092 Publish Date : 2019/10/25
Indian Billet & Sponge iron prices slightly fluctuated by INR 100-300/MT today amid average spot trades.
News ID: 7046 Publish Date : 2019/10/22
Durgapur pellet assessment inch up: In Durgapur SteelMint’s reference, pellet price has picked marginally to INR 5,400-5,500/MT (ex-Durgapur, GST extra), against INR 5,300-5,400/MT a week ago.
News ID: 7045 Publish Date : 2019/10/22
Bangladesh - which is the largest buyer of Indian sponge iron recent has resumed purchase which was slowed down since couple of weeks.
News ID: 6987 Publish Date : 2019/10/16
According to market sources report to SteelMint, Indian pellet export market turn active amid decent deals concluded by pellet makers recently.
News ID: 6938 Publish Date : 2019/10/14
Indian spot steel trades remained limited during the week-41 (5-12th Oct'19). As per mid sized mills in major locations, inquiries & production both less than the average, hence there was slight change in prices.
News ID: 6865 Publish Date : 2019/10/12