Rebar demand in Indian domestic market continues to slow down amid less buying inquires across major markets and poor lifting. This urged industrialists to adjust the price range as per market requirement and offers have reduced by INR 400-600/MT (USD 6-9) in a week's duration.
News ID: 5349 Publish Date : 2019/07/20
India's state-controlled NMDC has secured a favourable court order to restart operations at its 6mn t/yr Donimalai iron ore mine in the southern state of Karnataka, which has been shut down because of a royalty dispute with the state government.
News ID: 5294 Publish Date : 2019/07/18
Indian steel prices fall further due to weak demand & strong supply in across markets and as per daily assessment the prices drop by INR 100-400/MT(upto USD 6).
News ID: 5247 Publish Date : 2019/07/17
Indian govt has issued preliminary findings in its initiated investigation of anti-dumping on the imports of Aluminum and Zinc coated flat products originating in or exported from China PR, Vietnam and Korea RP.
News ID: 5245 Publish Date : 2019/07/17
This week (6th-13th Jul'19) Indian steel market observed limited demand in finished products, hence there is fall in price range by INR 200-1,000/MT (USD 3-15).
News ID: 5237 Publish Date : 2019/07/17
Indian iron ore pellet exports may be slower in the near term because of congestion at major shipping ports on the east coast.
News ID: 5234 Publish Date : 2019/07/16
MUMBAI/BENGALURU – Physical gold buying stalled in top Asian hubs this week as consumers sold back bullion to cash in on a steep price rally, while a recent import duty hike further dented waning interest in an Indian market hit by a surge in local rates.
News ID: 5152 Publish Date : 2019/07/14
Indian iron ore export volumes for Q1 FY20 (Apr-June'19) stood at 5.21 MnT, up significantly as against 2.15 MnT in previous quarter.
News ID: 5035 Publish Date : 2019/07/06
SteelMint recently learned from industry participants that major Indian steel mills have increased HRC export offers for Vietnam in recent deals concluded by USD 7-10/MT for July-Aug shipments.
News ID: 5015 Publish Date : 2019/07/04
Amid increase in spot iron ore fines index and good demand, Indian pellet export prices have moved up against last week.
News ID: 5011 Publish Date : 2019/07/04
SteelMint learned from market sources that major Indian steel mills have raised HRC export offers for Vietnam by USD 5-10/MT looking at rebounding in demand in overseas market.
News ID: 4957 Publish Date : 2019/07/01
It seems that the tables have turned for global Graphite Electrode (GE) manufacturers, including Indian producers, as after enjoying price buoyancy for almost two years, prices have started falling at an unrestrained pace.
News ID: 4953 Publish Date : 2019/07/01
Indian Steel prices slump sharply during the week 25 (15-22 Jun) owing to weak demand amid strong supply. The participants reported below to average inquiries from domestic and global buyers as well, hence there was constant drop in prices.
News ID: 4893 Publish Date : 2019/06/24
Indian pellet export prices have moved up by USD 3-4/MT this week. According to market sources report to SteelMint, east India based pellet maker Brahmani River Pellets Ltd (BRPL) has recently concluded export deal to China for 50,000 MT pellet.
News ID: 4866 Publish Date : 2019/06/23
SteelMint in conversation with trade sources that prices for low-grade iron ore fines export from India has increased by around USD 5/MT against last assessment
News ID: 4855 Publish Date : 2019/06/20
Indian steel prices moved down-trend during the Week-24 (8-15th Jun'19) on demand concern amid healthier supply. The producers seems received limited response as offers continued on negative direction.
News ID: 4835 Publish Date : 2019/06/18
Amid falling Indian domestic sponge prices & decline in Bangladesh imported scrap prices, Indian sponge iron export offers have come down by USD 10-15/MT in recent deals reported, as per assessment made by SteelMint.
News ID: 4830 Publish Date : 2019/06/16
Aimed at restricting imports through yet another non-tariff measure, the steel ministry has solicited introduction of port of entry restrictions for scrap and second hand or defective steels.
News ID: 4817 Publish Date : 2019/06/14
SteelMint in conversation Indian pellet makers and other market participants analyzed that bids for Indian pellets have witnessed increment this week. Following surge in global iron ore fines price, pellet export prices has also strengthened this week.
News ID: 4816 Publish Date : 2019/06/14
According to provisional data released by Joint Plant Committee (JPC) Indian crude steel output stood at 9.24 MnT in May’19 inched up by 5% as compared to 8.78 MnT in previous month.
News ID: 4807 Publish Date : 2019/06/11