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2 Nov 2019

02/11/2019 TODAY STEEL MKT NEWS

Indian mills hike domestic HRC offers by upto INR 750/t ($10.5/t) largely on recent export bookings made to SE Asia and renewed buying interest from Europe

MOIL reduces MANGANESE ORE prices by upto 25%

Few major primary mills increase LONG STEEL prices by upto Rs 1,000/t on pending deliveries. According to SteelMint assessment, large steel players hold re-bar inventories of around 650,000t

Cabinet approves conditional export of PELLETS from Karnataka, however market waits for Supreme Court nod

PELLEX remains stable at Rs 5,900/wmt DAP Raipur for Fe 63.5% in recent deals of 20,000-25,000t

Vizag Steel cancels STEEL export tender to Nepal on limited participation. As per sources highest bid for BILLET was at $350/t & for WIRE ROD at $390/t ex-mill

Spot steel prices rise. P-DRI Rs 16,000/t, BILLET Rs 26,400-500/t, REBAR Rs 29,900-30,000/t & WIRE ROD at Rs 30,300-800/t Ex-Raipur

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