Indian Steel market remained on down trend during the Week-23 (1st to 8th Jun’19) as the prices dipped owing to lack of domestic & export inquiries. Meanwhile supply of across all products was healthier, while demand lessened in across region.
News ID: 4803 Publish Date : 2019/06/11
Indian secondary rebar demand remained subdued across region with limited buying interest from traders & retailers amid higher inventory levels seen from major supplying regions as price level reduced by INR 400-800/MT across regions.
News ID: 4773 Publish Date : 2019/06/09
Ferro Chrome prices have hit the bottom amid low demand in the domestic and global market as well. Prices for Ferro Chrome are falling aggressively amid bearish market sentiments. Market participants believe that the prices are highly affected due to lowered Chinese Tender Prices.
News ID: 4768 Publish Date : 2019/06/07
Indian iron ore export volumes increased by 45% to 2.05 MnT in May'19 as against 1.42 MnT in Apr'19. On yearly basis, iron ore export increased significantly as against 0.79 MnT in the month of May'18. Iron ore exports from India have climbed to 13-months high as similar level of exports was last seen in Mar'18 at 2.63 MnT.
News ID: 4765 Publish Date : 2019/06/07
During the week-22 (25th May to 1st Jun'19), Indian domestic trade activities were subdued. The mid size mills reported mix response from the domestic buyers over uncertainty in the market. Meanwhile strong supply has push prices on downtrend.
News ID: 4747 Publish Date : 2019/06/04
In the recent conversation with industry participants, SteelMint got indications that major Indian steel mills may hike flat steel prices in June owing to increased production cost. Although the quantum of hike has not been finalized yet but the anticipation is around INR 500-750/MT.
News ID: 4705 Publish Date : 2019/06/01
SteelMint in conversation with industry participants reported that Indian HRC export offers to Nepal reduced by USD 15/MT in recent deal concluded for June- July shipments.
News ID: 4642 Publish Date : 2019/05/26
Following rally in Indian domestic sponge prices, the latest export offers being quoted high by USD 5/MT as against assessment made during last week.
News ID: 4641 Publish Date : 2019/05/26
Sponge iron market seems to remain strong, as per manufacturers in central & eastern India. Rising raw material prices & active demand are likely to keep Indian sponge iron prices supported, they added.
News ID: 4626 Publish Date : 2019/05/22
Indian steel prices remain slightly surge by INR 100-400/MT on improved inquiries from the domestic buyers. The mid sized mills have raised Billet prices by INR 100-400/MT, Rebar by INR 100-300/MT & Sponge iron by INR 100-200/MT day on day in major markets.
News ID: 4623 Publish Date : 2019/05/22
Indian spot steel prices sharply surge by INR 300-600/MT in a day on improved demand in finished steel products amid positive outlook. The sources have reported better response from the stockiest & end user segment.
News ID: 4617 Publish Date : 2019/05/22
Oil-to-metals conglomerate Vedanta Ltd said on Tuesday it had been declared the preferred bidder for two copper blocks in the India's western state of Maharashtra.
News ID: 4605 Publish Date : 2019/05/21
A government owned steel mill located in eastern India has concluded Wire rod export deals to Nepal for about 8,000-10,000 MT, SteelMint learned from trade sources.
News ID: 4595 Publish Date : 2019/05/20
Indian steel market remained quite subdued for the week 20 (11-18th May'19) as the prices of raw materials like Iron ore, pellet and coal have inched up a little. However, the prices of Semis & Finished long steel products slump by INR 200-900/MT (USD 3-13), as per SteelMint assessment.
News ID: 4592 Publish Date : 2019/05/20
As per the recent data released by customs Indian flat steel imports stood at 0.5 MnT in Apr’19 drop by 11% against 0.56 MnT in Jan’19.
News ID: 4550 Publish Date : 2019/05/16
Indian spot steel trades were limited during the week-19 (6th to 11th May) this in turn resulted fall in prices of mid sized mills.
News ID: 4537 Publish Date : 2019/05/16
Downtrend in imported scrap prices to Bangladesh and decline in domestic sponge prices in India have collectively lowered sponge iron export offers from India.
News ID: 4534 Publish Date : 2019/05/15
Indian Billet prices slightly fluctuated by INR 100-300/MT on average trade inquiries amid less clarity in market directions whether the prevailing price range will sustain or may report sharp change in coming days.
News ID: 4530 Publish Date : 2019/05/15
Indian spot steel prices plunge further amid sluggish demand domestically, as stated by participants. The Rebar, Billet & Sponge iron prices fell by INR 100-300/MT (day on day) through the mid sized mills.
News ID: 4523 Publish Date : 2019/05/14
Indian Steel prices further drop owing to limited trade activities, as reported by participants. The prices on daily assessment fell by INR 100-600/MT through the mid sized mills.
News ID: 4507 Publish Date : 2019/05/14
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
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Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
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India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
