SteelMint

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This week major scrap markets observed bearish sentiments witnessing decline in prices except Japan where prices moved up sharply.
News ID: 3978    Publish Date : 2019/03/12

Indian Ferro Manganese prices raises for the first time in CY19. The prices have seen a long trend of decline until this week. Prices in Durgapur increased by INR 1000/MT and for Raipur the prices increased by INR 500/MT.
News ID: 3965    Publish Date : 2019/03/11

Lowered pellet buying interest from Chinese mills and decline in P-DRI prices have turned sentiments bearish in domestic pellet market. Despite the reduction in pellet offers by eastern and central India based pellet makers, trade activities have remained dull.
News ID: 3964    Publish Date : 2019/03/11

SteelMint in conversation with market participants learned that Chinese mills have lowered inquiries for pellets and high grade ore amid shrinking steel margins. Indian participants were expecting market sentiments to remain optimistic after Chinese Lunar New Year holidays, however the scenario has not remained similar now.
News ID: 3935    Publish Date : 2019/03/10

South Korea- world's 5th largest steel producers has imported about 0.26 MnT Billet in Jan'19 as against 0.14 MnT in Dec'18, significantly jump by 85% M-o-M, as per custom data maintained by SteelMint .
News ID: 3893    Publish Date : 2019/03/08

According to the market participants report to SteelMint , Raipur (central India) based pellet manufacturers are likely to increase offers to INR 8,000/MT as against end of last week’s assessment of INR 7,000/MT (ex-Raipur, GST extra). The revised offers are likely to be effective from tomorrow (12 Feb’19).
News ID: 3873    Publish Date : 2019/03/07

SteelMint learned in recent conversation with participants that buying of imported scrap remained slower side, however, enquiries are being reported decent in Pakistan.
News ID: 3854    Publish Date : 2019/03/06

According to the customs data maintained with SteelMint , Indian pellet exports have marked rise of 46% to 1.02 MnT in Jan'19 as against 0.70 MnT in Dec'18. On yearly basis, the exports increased 59% as compared to 0.64 MnT in Jan'18.
News ID: 3827    Publish Date : 2019/03/04

Imported scrap offers to India continued moving up following a rising trend in the global scrap market.
News ID: 3824    Publish Date : 2019/03/04

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