2024-03-06 13:46
The South Asian ferrous scrap market witnessed a downward trend with a slight decline of approximately $1/t in offers. In India, buyers exercised caution and the availability of cargoes at l… Read More
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2024-03-06 13:26
The China Iron and Steel Association (CISA) reported steel inventory of key enterprises in late-February 2024 stood at 18.020 million tonnes (mnt), a decrease of 959,000 tonnes (t) or 5.05%… Read More
2024-03-06 13:24
Indian CRC export offers to Europe (EU) remained flat for the week at $780-785/t CFR ($730-735/t FOB east-coast India). Despite stable market offers, small quantity deals of around 2,000-3,0… Read More
2024-03-06 13:24
Raipur billet offers fall even as steel remains stable Trade volumes drop on fewer enquiriesBigMint's billet index fell by INR 50/t at INR 39,900/t exw-Raipur on 6 March, 2024.The index d… Read More
2024-03-06 13:00
Increase in domestic supplies weighs on prices MOIL rolls over offers for Mar'24, raises prices for low-gradeThis week, the price of silico manganese in India fell by INR 630/t ($8/t). Pr… Read More
2024-03-06 12:59
Sponge iron prices drop by INR 50-250/t today Rise in imported coal prices by $3-6/t Trade volumes remained moderateSponge iron prices in India decreased by INR 50-250/t on 6 March, 2024… Read More
2024-03-06 12:53
A major ERW pipe manufacturer specialising in HRC-based products, has implemented a downward price revision for its base-grade pipe (25-125 NB, 2.2-6 mm) for early-March 2024 sales, sources… Read More
2024-03-06 12:47
No fluctuations in global prices Imports seen mainly from ThailandWith a slight decrease of INR 7,000/t ($84/t) w-o-w, Indian ferro molybdenum prices stayed largely steady w-o-w. There we… Read More
2024-03-06 12:39
BigMint's index for domestic steel scrap (end-cutting) in Mandi Gobindgarh dropped INR 100/t on 6 March, 2024, reaching INR 37,700/t on a delivered-at-plant (DAP) basis. The mills in Mandi a… Read More
2024-03-05 14:42
The South Asian ferrous scrap market continued to remain under pressure. Indian buyers were drawn to discounted scrap shipments expected in March and April, while Pakistani counterparts anti… Read More
2024-03-05 14:18
The Indian market is witnessing an increase in prices for imported aluminum scrap, driven by several factors. These include the upward trend in aluminum LME levels, shortage of material both… Read More
2024-03-05 14:10
Raipur pellet offers drop by INR 200/t today Active deals recorded from buyers Subdued export market weighed on offersBigMint's bi-weekly domestic pellet (Fe 63%) index decreased by INR… Read More
2024-03-05 14:04
In Pakistan, market activity remained relatively sluggish despite a sharp drop in shredded offers from the UK and Europe ranging from $415 to $425/t, with limited bookings observed at this l… Read More
2024-03-05 14:00
The South Asian ship recycling market faced ongoing challenges amidst uncertainties across its key players. In India, with the general elections looming, industry stakeholders tread cautious… Read More
2024-03-05 13:58
Indian HRC export deals concluded with the EU and ME Hoa Phat cuts monthly HRC prices in VietnamBigMint's India HRC (SAE 1006) export index (for the Middle East and Vietnam) fell w-o-w to… Read More
2024-03-05 13:39
Supply glut, soft demand pressuring prices Chinese prices edge lowerSilico manganese export prices dropped this week owing to surplus supply and limited demand from the overseas markets… Read More
2024-03-05 13:20
BigMint's billet index improved another INR 250/t today, settling at INR 39,950/t exw-Raipur on 5 March, 2024.The index rose today due to the slight uptick in spot prices attributed to an im… Read More
2024-03-05 13:15
On 5 March, 2024, BigMint's domestic scrap (end-cutting) index held firm at INR 37,800/t DAP Mandi Gobindgarh. Despite fluctuations in trade dynamics, the Mandi market saw a steady supply of… Read More
2024-03-05 12:46
Starting March, JFE Steel plans to increase the base prices of stainless steel sheets and thick plates in the domestic market by JPY 10,000/t ($66/t), irrespective of whether they are sold i… Read More
2024-03-05 12:45
Indian sponge iron prices witnessed a modest uptick today ranging from INR 50-300/t in key locations, with moderate buying activity reported.PDRI market prices closed at a range of INR 25,00… Read More
2024-03-05 12:39
India's induction furnace (IF) steel market prices continued the upward movement on 5 March, 2024, as offers floated by the mills increased in the range of INR 100-750/tonne (t) d-o-d compar… Read More
2024-03-05 12:33
Silico manganese prices in China dropped by RMB 200/t ($28/t) this week owing to a cautious market environment. Prices were at around RMB 6,110/t to 6,210/t ($849/t-$863/t). All prices were… Read More
2024-03-05 11:54
New offers from Bhutan down INR 4,000/t m-o-m Slight drop observed in ZCE futures pricesPrices of ferro silicon (Si:70%) in India decreased by INR 2,750/t ($33/t) w-o-w from the previous… Read More
2024-03-05 11:53
The China Coloured Metalworking Industry Association, in collaboration with Beijing Antaike Information, has reported a 3% y-o-y increase in the output of copper processed products by major… Read More
2024-03-05 11:30
As our valued subscriber, we are happy to share with you a comprehensive brand-wise list of rebar offers spanning some 67 producers as on 5 March, 2024 Read More
2024-03-05 08:33
Base metals prices on the London Metal Exchange (LME) majorly remained positive barring aluminium as of the last closing. Meanwhile, stocks at LME registered warehouses witnessed mix trends… Read More
2024-03-04 14:42
In February 2024, the National Mineral Development Corporation (NMDC), India's largest iron ore miner, shipped 477 rakes, equivalent to 1.84 million tonnes (mnt) of iron ore from Chhattisgar… Read More
2024-03-04 13:59
In Vietnam, the ferrous scrap market experienced a minor price decrease, accompanied by a notable disparity between bids and offers. Importers in Vietnam were seen bidding for US-origin HMS… Read More
2024-03-04 13:37
Imported hot-rolled coil (HRC) offers from China to Vietnam fell w-o-w amid drop in domestic HRC prices. Vietnamese steel major, Hoa Phat, has reduced HRC prices by $11-15/tonne (t) for end… Read More
2024-03-04 13:32
Australia's iron ore and pellet export shipments fell by 17% m-o-m to 57.5 million tonnes (mnt) in February 2024 compared to 69.1 mnt in January, as per vessel line-up data maintained with B… Read More
2024-03-04 13:29
The South Asian ferrous scrap market experienced a downturn due to pressure from the supply side. Indian buyers exercised caution amidst declining offers, leading to a subdued market. Howeve… Read More
2024-03-04 13:18
An increase in prices for domestic end-cutting scrap at Mandi Gobindgarh steel market was noticed on Monday. Prices surged by INR 200/t, reaching INR 37,800/t on delivery at the plant. Today… Read More
2024-03-04 13:07
Japan's steel exports continued to rise outside of Asia. Ministry of Finance trade data shows that in 2023, non-Asian countries received 30.1% of the 32.36 million tonnes (mnt) (including st… Read More
2024-03-04 12:56
India's sponge iron market witnessed a rise in prices today ranging from INR 100-350/t in almost all major locations. This can be attributed to active spot trading coupled with buying intere… Read More
2024-03-04 12:53
BigMint's billet index rose by INR 300/t, reaching INR 39,700/t exw-Raipur on 4 March, 2024.The index experienced a significant increase today, driven by forward trading activity from partic… Read More
2024-03-04 12:52
India's induction furnace (IF) steel market witnessed an upward price trend on 4 March, 2024, across regions as offers floated by the mills rose in the range of INR 50-500/tonne (t) d-o-d co… Read More
2024-03-04 11:37
As our valued subscriber, we are happy to share with you a comprehensive brand-wise list of rebar offers spanning some 61 producers as on 4 March, 2024 Read More
2024-03-04 08:00
Base metals prices on the London Metal Exchange (LME) depicted varied trends with the highest drop seen in nickel amid inflows in stocks. Meanwhile, stocks at LME registered warehouses major… Read More
2024-03-04 06:51
Steel production at Russian steel mills in 2023 increased by 6% on year to 73.9 million tonnes, the rating agency Rusmet reported.Growth is observed at MMK (+16%), PromSort-Ural (+4%), NLMK… Read More
2024-03-04 06:48
The blast furnace (BF) capacity utilization rate among the 247 Chinese steel producers under Mysteel's regular tracking slid for the second straight week during 23-29 February, losing 0.25 p… Read More
2024-03-04 06:17
BigMint's weekly Odisha iron ore fines (Fe 62%) index decreased by INR 200/t ($2) w-o-w to INR 5,250/t ($63) ex-mines on 2 March 2024.The latest update from BigMint on 2 March, 2024 revealed… Read More
2024-03-04 04:18
Long steel prices may have bottomed out Imports, exports, excess supplies test flats IF rebar fares better, sees marginal uptickMorning Brief: This is the third week in a row that the In… Read More
2024-03-02 14:17
Limited availability of high-grade fines Export demand subdued Market participants in wait-and-watch modeBigMint's weekly Odisha iron ore fines (Fe 62%) index decreased by INR 200/t ($2… Read More
2024-03-02 12:25
Mn ore prices increase amid rising production cost Imported cargoes arrival rises 34% w-o-w as supplies recoverImported manganese ore prices exhibited modest upward movement for all grade… Read More
2024-03-02 11:40
The latest update from BigMint on 2 March, 2024 revealed a price reduction in domestic end-cutting scrap at the Mandi Gobindgarh steel market. Prices saw a decrease of INR 100/t, settling at… Read More
2024-03-02 11:31
The domestic induction furnace (IF)-route steel market saw a negative price trend in the week 9 ( 26 February- 2 March, 2024). Semi-finished steel prices came down by INR 100-500/tonne (t)… Read More
2024-03-02 11:30
Sponge iron prices in India witnessed a slight decrease ranging from INR 50 to INR 300/t d-o-d in major regions. This decline has impacted market sentiments and can be attributed to a contin… Read More
2024-03-02 11:23
BigMint's billet index fell by INR 100/t to INR 39,400/t exw-Raipur on 2 March, 2024.The decline in the index continued for today as buyers were on a wait-and-see mode and sellers showed res… Read More
2024-03-02 10:59
This week saw a continued downward trend in global ferrous scrap prices, particularly noticeable in South Asian markets. Exporters, including the US, were under pressure to offload inventory… Read More
2024-03-02 10:45
Ferro silicon prices dips by $23/t w-o-wImported manganese ore prices witness an uptick post price announcementIndian Ferro chrome prices move up on cautious market outlookIndian ferro silic… Read More
2024-03-02 10:39
Prices fall in SE Asia's imported billet market Export duty in Iran revisedGlobal billet prices stayed dull this week. Billet players are cautious about price trends and weak buying inter… Read More
2024-03-02 09:41
BigMint's bi-weekly domestic pellet (Fe 63%) index remained stable at INR 9,300/t DAP ($112/t) Raipur on 1 March 2024 compared to the last assessment on 27 February. A deal of 10,000 t of pe… Read More
2024-03-02 09:23
The latest weekly stock report from the Shanghai Futures Exchange (SHFE) indicated that the inventory of base metals in SHFE-registered warehouses saw a collective increases w-o-w. Among the… Read More
2024-03-02 08:04
SHFE steel futures remain stable HRC export offers fall by $5/t w-o-w Shagang Steel rolls over long steel pricesChinese steel prices showed mixed trends this week amid subdued demand. Pr… Read More
2024-03-01 15:03
Moderate deals at current offers Stable pellet offers this week Eastern region plants drop pellet offersBigMint's bi-weekly domestic pellet (Fe 63%) index remained stable at INR 9,300/t… Read More
2024-03-01 14:03
This week, scrap prices in the UAE witnessed a slight recovery after a recent decline, stimulating moderate activity. However, the majority of mills continued to lower their scrap purchase p… Read More
2024-03-01 13:47
Today, the South Asian ferrous scrap market witnessed a downward trend in prices. Indian buyers stayed cautious, while Pakistan and Bangladesh were comparatively active due to Ramadan and po… Read More
2024-03-01 13:43
The Mandi Gobindgarh steel market experienced a decrease in prices for domestic end-cutting scrap. Prices declined by INR 300/tonne (t), reaching INR 37,700/t delivered at plant. Mills in th… Read More
2024-03-01 13:29
The Southeast Asian imported billet market remained dull this week. Billet import prices softened on lacklustre interest from buyers. Moreover, no fresh export tenders were floated this week… Read More
2024-03-01 13:00
BigMint's billet index dropped by INR 200/t at INR 39,500/t exw-Raipur on 1 March, 2024.The index experienced a downfall after sufficient procurement over the last few days, leading to a dec… Read More
2024-03-01 12:59
Trade-level prices of blast furnace (BF) rebars remained range-bound in February 2024 amid weak buying activities and participants in the distribution channel destocked inventories amid liqu… Read More
2024-03-01 12:56
From the perspective of iron ore itself, since the first 10 days of February, Australia and Brazil (especially Australia) have been affected by tropical cyclones, rainstorms, etc. and the sh… Read More
2024-03-01 12:51
India's induction furnace (IF) steel market followed a mixed price trend across commodities today. Mills' offers fluctuated by up to INR 500/tonne (t) compared to the previous trading sessio… Read More
2024-03-01 12:48
Few merchant cokeries experiencing reduced production levelsIndian met coke prices have been recorded at INR 34,000/tonne (t) ex-Jajpur this week. Prices dropped by INR 500/t m-o-m compared… Read More
2024-03-01 11:32
Japan's H2 scrap export offers remained steadfast w-o-w, propelled by limited demand from key importing nations and robust domestic prices. Consequently, BigMint's weekly assessment of Japan… Read More
2024-03-01 11:19
The Iranian billet export market witnessed limited trade activities. Billet players remained muted on export duty revision, whereas, absence of export tender in the region was witnessed. Mar… Read More
2024-03-01 11:08
Toyota Motor Corporation, has opted to maintain current steel product prices for all types, including thin sheets, throughout the first half of the fiscal year 2024 (starting April 2024). Th… Read More
2024-03-01 10:46
As our valued subscriber, we are happy to share with you a comprehensive brand-wise list of rebar offers spanning some 74 producers as on 1 March, 2024 Read More
2024-03-01 08:01
Base metals prices on the London Metal Exchange (LME) depict positive trends barring lead as of the last closing. Meanwhile, stocks at LME registered warehouses witnessed varied trends with… Read More
2024-03-01 06:17
Prices of trade-level hot-rolled coils (HRC, IS2062, Grade E250, 2.5-8mm) have registered a m-o-m decline, decreasing by approximately INR 300/t ($4/t) to INR 54,000/t ($650/t) in February 2… Read More
2024-03-01 06:05
China's domestic steel prices are expected to rebound in March as market conditions and steel fundamentals will both likely change for the better, according to Mysteel's chief analyst Wang J… Read More
2024-03-01 05:48
India's sponge iron prices moved up in the range of INR 100-400/t in key locations. PDRI prices closed at a range of INR 25,000-27,600/t and CDRI prices at INR 26,500-31,300/t. About 28,000… Read More
2024-03-01 05:40
The total volume of iron ore dispatched globally under Mysteel's tracking is expected to be 1.8% higher on year during the first quarter of this year to hit 369 million tonnes (mnt), despite… Read More
2024-03-01 04:58
Eased LC issues help Bangladesh secure vessels Prices of both containers, tankers fall y-o-y Indian prices may increase amid scant inventoryMorning Brief: The global ship-breaking market… Read More
2024-02-29 16:55
MOIL, the Indian state-owned PSU miner, has rolled over manganese ore prices for Mar'24. However, for grades below 44%, the miner has lifted offers by 5% m-o-m. A hike in South African impor… Read More
2024-02-29 14:25
Imported ferrous scrap market negotiations in Turkiye started slow this week as mills hesitated on bookings amid sluggish rebar sales. Limited long steel sales prompted a halt in activity. S… Read More
2024-02-29 14:23
Today, the South Asian ferrous scrap market experienced a decline as sellers faced pressure amid increased supply in the domestic market, exacerbated by the lack of firm demand from key impo… Read More
2024-02-29 14:22
Weak downstream steel demand in China Index hovering at four-month lowBigMint's weekly Indian low-grade iron ore fines (Fe 57%) export index decreased by $7/t w-o-w at $74/t FOB east coas… Read More
2024-02-29 14:04
Falling export index weigh on domestic prices Material availability is a constraint as few miners exhausted Trades remained on lower sideDomestic low-grade iron ore fines (Fe 57%) prices… Read More
2024-02-29 13:24
The latest report from BigMint on 29 February, 2024, revealed a price hike in domestic end-cutting scrap at the Mandi Gobindgarh steel market. Prices rose by INR 300/t, reaching INR 38,000/t… Read More
2024-02-29 13:12
Baosteel rolls over ferro chrome purchase prices Indian market witnesses muted trade on bid-offer disparityPrices for Indian high-carbon ferro chrome (HC60%, Si:4%) showed no variations w… Read More
2024-02-29 13:03
BigMint's billet index rose by INR 350/t to INR 39,700/t exw-Raipur on 29 February, 2024.The index increased on the back of positive buying sentiment over two consecutive days resulting in b… Read More
2024-02-29 12:48
India's induction furnace (IF) steel market prices followed an upward movement on 29 February, 2024, as offers floated by the mills increased in the range of INR 100-500/tonne (t) d-o-d comp… Read More
2024-02-29 12:37
Coal import enquiries remain supported Weather disruption limits movement of shipsCoal freight rates evolved stronger this week. Vessel freight rates from all key supplying nations to Ind… Read More
2024-02-29 11:43
As our valued subscriber, we are happy to share with you a comprehensive brand-wise list of rebar offers spanning some 72 producers as on 29 February, 2024 Read More
2024-02-29 11:20
Japan's ferrous scrap exports totalled 0.44 million tonnes (mnt) in January 2024, marking a 24% decrease from the 0.58 mnt reported in December. Similarly, compared to January 2023's figure… Read More
2024-02-29 10:36
China is expected to see domestic ferrous scrap supply expand more rapidly in coming years as the central government is poised to initiate a campaign encouraging large-scale equipment renewa… Read More
2024-02-29 06:46
Base metals prices on the London Metal Exchange (LME) displayed negative trends barring copper as of the last closing. Meanwhile, stocks at LME registered warehouses witnessed outflows excep… Read More
2024-02-29 05:39
Rio Tinto's Iron Ore Company of Canada (IOC) has been awarded CAD 18.1 million ($13.3 million) from the Canadian Government, which comes as part of the government's Low Carbon Economy Fund… Read More
2024-02-29 05:24
BigMint's bi-weekly index for Fe 63% concentrate currently stands at INR 5,700/t ($69/t) exw, stable as against the last assessment on 24 February, 2024.BigMint's India pellet (Fe 63%, 3% Al… Read More
2024-02-29 03:32
Iron ore, pellet exports rise sharply in CY'23 Supplies tight on higher fines exports, increased pellet output Weak sponge iron margins hold back lumps prices from risingMorning Brief: T… Read More
2024-02-28 14:08
Active deals keep prices firm Buyers expect drop in offers Market awaits NMDC price revisionIron ore concentrate prices in Jabalpur, central India, continued to remain stable this week… Read More
2024-02-28 14:01
Today, the South Asian ferrous scrap market displayed a mixed trend. In India, enquiries have increased, but the pace remains sluggish due to price disparities. Buyers in urgent need are mak… Read More
2024-02-28 13:58
Around $10-15/t disparity between bid-offers Pellet offers fall to over four-months low levelBigMint's India pellet (Fe 63%, 3% Al) export (FOB east coast) index fell by $4/t to $108/t on… Read More
2024-02-28 13:55
Low China demand on high iron ore port inventory Slowdown in enquiries limits trade volumesDry bulk iron ore freight rates stayed supported this week. Notably, movement of ships has been… Read More
2024-02-28 13:50
In Bangladesh, the imported ferrous scrap market continued in a slower pace with a mixed price trends observed amid limited bookings. Containerised shredded scrap from the UK and European so… Read More
2024-02-28 13:35
Aluminium ADC12 alloy ingot (automobile equivalent) spot prices remain stable at INR 204,000/t w-o-w exw Delhi, excluding GST. This stability is observed despite an increase in local Tense s… Read More
2024-02-28 13:33
Indian CRC export offers to Europe (EU) fell by $10/tonne (t) CFR Antwerp w-o-w to $780-785/t ($730-735/t FOB east-coast India) against $790-795/t CFR a week ago. Despite drop in offers, not… Read More
2024-02-28 13:24
BigMint's domestic steel scrap index (end-cutting), which tracks the Mandi Gobindgarh market, recorded a rise of INR 100/t, settling at INR 37,700/t on a delivered-at-plant (DAP) basis on 28… Read More
2024-02-28 13:18
The stainless steel market has experienced a slight increase in activity, with a rise in enquiries for finished material amid an uptrend in LME futures prices. BigMint's assessment indicates… Read More
