NEWS
IRON and STEEL  

India: Raipur Based Pellet Makers Raise Offer

Amid recently concluded pellet export deals along with decent bookings made in the domestic market, Raipur based pellet makers have raised offers today.

SteelMint in conversation with market participants learned that Raipur based pellet makers raised its offer by INR 100/MT to INR 6,200/MT (ex-Raipur, GST extra) against last assessment made earlier this week at INR 6,100/MT at the beginning of this week.

Earlier this week, Godawari Power & Ispat concluded two export deals of 50,000 MT each for April loading. The deals concluded were around USD 106/MT, FoB India

Also, trade participants reported booking of around 50,000 MT pellets by three major Raipur pellet makers in last floated offer of INR 6,100/MT (Ex-Raipur).

So amid recently concluded export deals and decent bookings last floated offers, central India pellet makers raised offers.

-- Bellary based pellet manufacturers continue to maintain offers on the high side following logistical constraints in iron ore movement. Fe 63% grade pellet offers are learned at around INR 7,200-7,400/MT.

-- Durgapur pellet offers are assessed at around INR 5,900-6,000/MT (GST extra).

News No: 4344
Date: 2019/04/12 - 16:13
News Source: SteelMint

India  Raipur Based Pellet  export  logistical  Bellary 

Comments:

Leave a Comment:

   
   
   
 

Oil Minister: Sanctions Unable to Halt Iranian Crude Exports

Iranian Oil Minister Bijan Namdar Zanganeh underlined that the US sanctions have failed to stop Iran's oil supplies to other countries.
 

Iran to Earn $5bln by March from Energy Exports to Iraq

Tehran will raise $5 billion revenues for its gas and electricity exports to neighboring Iraq by the end of the current local calendar year on March 20, 2020, said Secretary General of Iran-Iraq Joint Chamber of Commerce Seyed Hamid Hosseini on Tuesday.
 

India: Imported Manganese Ore Prices Rises on Shortage at Chinese Ports

Seaborne Manganese Ore prices raised amid shortage of material at Chinese Ports. South African Carbonate Ores price was raised last week and this week Australian and Gabonese Ores followed the suit. However, the sudden increase in the global freight rates have decreased margins on Manganese Ore Shipments.
 

India: Domestic Pellet Market Observes Limited Trades

Durgapur (eastern India) based pellet makers have raised offers following hike in sponge prices. SteelMint’s reference pellet price assessment stands at INR 6,500/MT (delivered) up by INR 200-300/MT against INR 6,200-6,300/MT in last week.
 

Global HRC Market Overview - Week 29, 2019

Chinese HRC export offers continue to remain on lower side- Chinese HRC export offers continue to show downturn this week owing to thin trades happening in export market. Overseas buyers are unwilling to purchase material at higher prices and are bidding on lower side with the anticipation of further decline in prices.
 

Daily Update: Indian Semis Offers Fall Further

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).
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners