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1 Nov 2019

01/11/2019 TODAY STEEL MKT NEWS

Indian SPONGE IRON export prices to Bangladesh up by $5-10 on recent deals. Current offers at $255-260/t CPT Benapole (equivalent to $270-275/t CFR Chittagong). Indian Sponge Iron exports to Bangladesh recorded at 250,000 MT during Apr-Sep 2019

SAIL receives overwhelming response for 13,000t PIG IRON at Rs 23,200-23,300/t ex-Bhilai Steel Plant; may increase prices in next allocation

Spot steel prices rise on renewed buying, P-DRI Rs 15,800/t, BILLET Rs 26,300/t, REBAR Rs 29,700-800/t & WIRE ROD at Rs 30,000-30,500/t, Ex-Raipur

SECL auction for 316,650t COAL fetches premium of 36% over set reserve price; entire quantity sold

Indian mills raise HRC export offers to Vietnam by $5-10; current offers at $420-425/t, CFR Vietnam

Thailand mill books bulk SHREDDED SCRAP cargo from US at around $288/t, CFR Thailand for Nov shipment

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