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9 Jan 2020

09/01/2020 TODAY STEEL MKT NEWS

NMDC increased IRON ORE base price in Jan’20 Karnataka e-auctions by around Rs 200/t

Indian govt. paves way for commercial mining of COAL

SAIL BSP auction of defective BILLETS conducted on 07 Jan’20 fetches bids higher by Rs 1,650/t against last auction. Company managed to sell entire quantity at Rs 30,150-31,000/t EXW

Spot steel prices up. P-DRI Rs 20,600-800/t, BILLET Rs 31,200/t, REBAR Rs 34,400-600/t & WIRE ROD at Rs 34,700-900/t Ex-Raipur

Indian domestic HRC prices continue uptrend in traders market. Current assessment at Rs 37,250-37,500/t ex-Mumbai

Indian mill books 32,000t bulk composite SCRAP cargo from US at an average price of $340/t, CFR for Feb’20 loading

Indian FERRO CHROME prices increase as the market faces supply shortage on lower production

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