2024-02-28 12:59
BigMint's billet index increased by INR 100/t at INR 39,350/t exw-Raipur on 28 February, 2024.The index moves upward due to ongoing favourable buying activity in the market, as seen by a sig… Read More
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2024-02-28 11:08
The Chinese ferro chrome market displayed stability following the Spring Festival holiday, characterized by: Unchanged prices: High-carbon ferro chrome prices remained within the range of R… Read More
2024-02-28 07:13
Base metals prices on the London Metal Exchange (LME) displayed positive trends majorly barring zinc and lead ad of last closing. Meanwhile, stocks at the LME registered warehouses witnessed… Read More
2024-02-28 06:32
The Asian Development Bank (ADB) pointed out in a report on 26 February that the European Union's (EU's) Carbon Board Adjustment Mechanism (CBAM) will have limited impact on emission curbing… Read More
2024-02-28 05:57
BigMint's bi-weekly domestic pellet (Fe 63%) index remained stable at INR 9,300/t DAP ($112/t) Raipur on 27 February 2024 compared to the last assessment on 23 February. Total deals of 35,00… Read More
2024-02-28 05:19
Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung in central Taiwan, has decided to hold its rebar list prices for transactions over February 26-March 1, while its p… Read More
2024-02-28 04:14
China becomes major challenger in both exports, imports Vietnam follows in China's footsteps, spoils exim party BIS licences, EU quotas to come into play in short termMorning Brief: Indi… Read More
2024-02-27 14:30
The Indian market is currently experiencing a rise in prices for imported aluminum scrap, attributed to various factors. This includes the upswing in aluminum LME levels, shortages of materi… Read More
2024-02-27 14:26
Active deals heard this week Pellet offers remain stable Clearer picture to emerge after NMDC price revisionBigMint's bi-weekly domestic pellet (Fe 63%) index remained stable at INR 9,3… Read More
2024-02-27 14:11
In Pakistan, market activity remained comparatively slow in terms of fresh imported scrap bookings amid weaker domestic rebar sales followed by liquidity issues for imported scrap buyers. Sh… Read More
2024-02-27 13:53
South Asian ferrous scrap prices saw mixed trends today. In India, prices showed a slight increase driven by recent deals, while buyers favoured pre-booked shipments due to economical rates… Read More
2024-02-27 13:29
Indian HRC export offers to the EU and ME fall Vietnam's Formosa Ha Tinh cuts HRC prices by $45/t m-o-mBigMint's India HRC (SAE 1006) export index (for the Middle East and Vietnam) inched… Read More
2024-02-27 13:26
According to BigMint's report dated 27 February 2024, the Mandi Gobindgarh steel market experienced a decrease in prices for domestic end-cutting scrap. Prices declined by INR 100 per/t, rea… Read More
2024-02-27 13:19
In the dynamic landscape of South Asian ship recycling, this week brought contrasting fortunes for India, Pakistan, and Bangladesh. India struggled at the bottom of the subcontinent markets… Read More
2024-02-27 13:01
BigMint's billet index fell by INR 150/t to INR 39,250/t exw-Raipur on 27 February, 2024.The index fell amid restrained demand in the market, causing downstream enquiries to push prices lowe… Read More
2024-02-27 12:45
Buyers cautious amidst price uncertainty, inventory build-up SAIL-RSP auction impacts pricingIndian ferro silicon (70%) prices experienced a weekly drop of INR 950/t ($11/t) compared to t… Read More
2024-02-27 12:39
India's induction furnace (IF) steel market witnessed a minor correction in prices on 27 February, 2024, as offers floated by the mills decreased in the range of INR 50-250/tonne (t) d-o-d c… Read More
2024-02-27 07:09
Base metals prices on the London Metal Exchange (LME) continued to display varied trends as of last closing. Similarly, stocks at the LME registered warehouses witnessed mixed trends with co… Read More
2024-02-27 06:19
Production of hot-rolled coils (HRC) among the 37 Chinese flat steel producers Mysteel regularly monitors totalled 3.05 million tonnes during the week of February 18-23, easing by 104,300 to… Read More
2024-02-27 05:22
BigMint's billet index was sturdy at INR 39,400/t exw-Raipur on 26 February, 2024. About 2,600 t of transactions were recorded on 26 February as against 2,250 t on 24 February.Sponge iron pr… Read More
2024-02-27 04:18
Iron ore demand to rise 12% y-o-y in FY'24 Domestic demand, exports to outstrip production growth Imports may rise sharply. Will trend persist?Morning Brief: India - perhaps the lone bri… Read More
2024-02-26 14:05
In today's South Asian ferrous scrap market, Indian buyers have shown renewed but limited interest in imported scrap, fuelled by concerns over potential inventory depletion by March. However… Read More
2024-02-26 13:21
The Mandi Gobindgarh steel market witnessed a decline in domestic end-cutting scrap prices on 26 February'2024, as reported by BigMint. Prices dropped by INR 100 per tonne, settling at INR 3… Read More
2024-02-26 13:11
In Vietnam, the ferrous scrap market showed caution due to a notable gap between bids and offers. As a result, Vietnamese mills refrained from purchasing any Japanese scrap last week, opting… Read More
2024-02-26 12:59
BigMint's billet index was sturdy at INR 39,400/t exw-Raipur on 26 February, 2024.The index remained stable throughout the day, despite offer prices rising earlier in the day. However, no fa… Read More
2024-02-26 12:44
India's induction furnace (IF) steel market prices witnessed a mixed trend across regions today. Mills' offers fluctuated slightly by up to INR 200/tonne (t) compared to the previous trading… Read More
2024-02-26 12:33
Sponge iron prices dipped on 26 February, 2024, by INR 50-300/t in almost all key locations of India on unclear market trends. However, sponge PDRI prices only in Raigarh showed a rise by IN… Read More
2024-02-26 11:19
As our valued subscriber, we are happy to share with you a comprehensive brand-wise list of rebar offers spanning some 63 producers as on 26 February, 2024 Read More
2024-02-26 11:16
Vietnamese steel major, Formosa Ha Tinh, has cut HRC prices by $45/t m-o-m for April 2024 shipments. Subsequent to the revision, prices of HRC (SAE1006, skin pass) stand at $613-620/t CIF Ho… Read More
2024-02-26 11:13
Japan's crude steel production edged up in January 2024. The Japan Iron and Steel Federation (JISF) reported a 0.6% y-o-y increase, bringing production to 7.266 million tonnes (mnt). This ma… Read More
2024-02-26 09:40
Prices of silico manganese in China remained unaltered on watchful market sentiment. Prices were at around RMB 6,310/t to 6,410/t ($877/t-$891/t). All prices were ex-works and inclusive of t… Read More
2024-02-17 09:31
In January 2024, South Korea recorded a notable decline in ferrous scrap imports, amounting to 127,477 tonnes (t). This figure represents a substantial decrease of 44% from the 227,089 t rep… Read More
2024-02-17 09:29
After a two-week slump, LME base metals prices bounced back for the week ending on Friday, 16 February. Notably, copper prices witnessed a surge of 3.9%, likely due to a 4% drop in its inven… Read More
2024-02-17 05:50
BigMint's bi-weekly domestic pellet (Fe 63%) index remained stable at INR 9,550/t DAP ($115/t) Raipur on 16 February 2024 compared to the last assessment on 13 February. A deal of 15,000 t w… Read More
2024-02-17 04:10
Goal to achieve 1.8 tCO2/tcs by CY'30 from 2.23 tCO2/tcs currently Renewable energy, scrap, hydrogen to be key transition levers Domestic carbon market, circular economy, H2 adoption nee… Read More
2024-02-16 14:20
The lacklustre trend sustained in the South Asian ferrous scrap market due to subdued buying interest across the board. In India, buyers avoided fresh scrap bookings from the seaborne market… Read More
2024-02-16 14:08
Manganese ore imports surge m-o-m in Jan'24 Manganese ore imports into South Korea increased m-o-m in January 2024 to 26,063 tonnes (t) in comparison with a mere 38 t recorded in December 2… Read More
2024-02-16 14:06
Bids remain lower than offers Only need based bookings Export market subduedBigMint's bi-weekly domestic pellet (Fe 63%) index remained stable at INR 9,550/t DAP ($115/t) Raipur on 16 Fe… Read More
2024-02-16 13:54
This week, UAE domestic scrap prices continued to witness a decline with minimal activity following an uncertain week post-export duties imposition on ferrous scrap exports.BigMint's bi-week… Read More
2024-02-16 13:02
BigMint's billet index decreased by INR 100/t, reaching to INR 39,050/t exw-Raipur on 16 February, 2024.The index experienced a slight slowdown, primarily due to weak demand in the semi-fini… Read More
2024-02-16 12:53
Indian sponge iron prices edged down today by INR 50-250/t in major locations. However, sponge iron prices only in Raigarh and Hyderabad showed a slight rise by INR 50-150/t.PDRI market pric… Read More
2024-02-16 12:22
BigMint's index for domestic steel scrap (end-cutting) in Mandi Gobindgarh recorded a drop of INR 100/t on 16 February, 2024, reaching INR 36,800/t on a delivered-at-plant (DAP) basis. The m… Read More
2024-02-16 12:12
Trade-level prices of blast furnace (BF) rebars dropped w-o-w amid slow buying interest. Meanwhile, prices were range-bound during the week and buyers procured on urgent need basis only. Cur… Read More
2024-02-16 11:49
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 16 February, 2024. IF route mills offer witnessed a… Read More
2024-02-16 07:30
Base metals prices on the London Metal Exchange (LME) depicted varied trends as of yesterday's closing. Simultaneously, LME warehouse stocks witnessed mixed trends, with the highest inflow r… Read More
2024-02-16 06:13
Disruption on Western Australian port South African coal inquiries from India fallCoal freight rates exhibited mixed trends this week. Notably, fresh bookings from Australian cargoes were… Read More
2024-02-16 05:32
BigMint's weekly Indian low-grade iron ore fines (Fe 57%) export index remained stable w-o-w at $83/t FOB east coast on 15 February 2024. No deals were recorded from India for low-grade fine… Read More
2024-02-16 04:00
Indian mills exhaust Q1 EU quotas amid rising prices Vietnam, ME volumes fall on lower Chinese offers Q2 outlook on EU market remains bullishMorning Brief: India's steel exports hit a on… Read More
2024-02-15 14:34
Offers, trades absent amid non-availability of material Few major miners' ECs exhausted towards fiscal year end Weak exports also weigh on domestic marketDomestic low-grade iron ore fine… Read More
2024-02-15 14:33
Turkish imported ferrous scrap prices remained slightly downward, falling $4/t w-o-w, with market activity conducted at a slower pace. The slow market was attributed to sluggish domestic reb… Read More
2024-02-15 14:29
NMDC, India's largest iron ore producer, recently announced its October-December, 2023 (Q3FY24) results. Notably, the mining major reported its best-ever third-quarter iron ore production in… Read More
2024-02-15 13:55
The South Asian ferrous scrap market displayed a mixed trajectory today, marked by a slight uptick in offers despite minimal inquiries. Indian buyers maintained a cautious stance towards acq… Read More
2024-02-15 13:41
Absence of inquiry in the seaborne market No physical transactions due to CNY holidays Buyers to return on 19 FebBigMint's weekly Indian low-grade iron ore fines (Fe 57%) export index re… Read More
2024-02-15 13:26
India's induction furnace (IF) steel prices witnessed an upward trends, as offers floated by mills rose by INR 400/tonne (t) d-o-d on 15 February, 2024.Sponge iron prices edged up by INR 100… Read More
2024-02-15 13:13
BigMint's billet index inched up by INR 150/t to INR 39,150/t exw-Raipur on 15 February, 2024.The index rose as higher offering prices supported by increase in number of transaction volumes… Read More
2024-02-15 13:05
Sponge iron prices in India moved up today, with prices rising by INR 50-250/tonne (t) d-o-d in major markets. This upward movement reflects supportive buying, as buyers were active in booki… Read More
2024-02-15 12:36
Japan's steel industry estimates that high-performance steel products, such as car parts and electrical components, led to a 35 million tonnes reduction in CO2 emissions during use in FY22.H… Read More
2024-02-12 06:53
Base metals prices on the London Metal Exchange (LME) continued to remain on the lower side as of the last trading day. Three-month prices on LME dropped by up to 1.2% with the highest drop… Read More
2024-02-12 06:09
BigMint's weekly Odisha iron ore fines (Fe 62%) index remained stable w-o-w at INR 5,800/t ex-mines on 10 February 2024.Sponge iron prices in India inched down further amid uncertain market… Read More
2024-02-12 04:33
W-o-w, however, index remains stable Both flats, longs see need-based purchases Trend likely to continue into short termMorning Brief: The India Steel Composite Index fell to a 34-week l… Read More
2024-02-10 14:05
Export market subdued amid CNY holidays Market awaits OMC auction Lack of price clarity amid wide gap in offersBigMint's weekly Odisha iron ore fines (Fe 62%) index remained stable w-o-w… Read More
2024-02-10 12:38
Several important topics were deliberated upon at the recently-held Bombay Metal Exchange Base Metal Conclave, 2024. The key focus of the deliberations was the quality control aspect of base… Read More
2024-02-10 11:59
Manganese alloys curtailment reduces domestic production Imported cargo arrivals recover against last weekImported manganese ore prices have been stable over the last three weeks. Gabones… Read More
2024-02-10 11:46
The index for domestic steel scrap (end-cutting) in Mandi Gobindgarh declined by INR 100 per tonne (t), reaching INR 36,700/t on a delivered-at-plant (DAP) basis on 10 February, 2024The rise… Read More
2024-02-10 11:26
Steel inventories at CISA mills drop in late-Jan'24 Low purchasing activity during CNY holidays HRC export offers fall w-o-wChinese steel prices showed a mixed trend this week before the… Read More
2024-02-10 11:17
BigMint's billet index fell slightly by INR 50/t today, reaching INR 39,200/t exw-Raipur on 10 February 2024.The index fell marginally today due to weakening market sentiments and weak deman… Read More
2024-02-10 11:03
Imported ferrous scrap prices exhibited a mixed trend in South Asia this week. In India, price disparities persisted amid limited buying inquiries and weaker steel demand, while Pakistani bu… Read More
2024-02-10 10:46
Sponge iron prices in India inched down further amid uncertain market conditions in key locations. Prices fell across the country by INR 50-250/t on 10 February, 2024.PDRI market prices clos… Read More
2024-02-10 10:37
Base metals prices experienced a decline on the London Metal Exchange (LME) on Friday, 9 February, marking yet another week of losses as the Lunar New Year holidays (8-17 February) commenced… Read More
2024-02-10 08:04
In the Asian thermal coal market, prices remained stable amid subdued demand from sponge iron producers. Prices for RB3 (4800 NAR) coal at Gangavaram Port were recorded at INR 7,800/, down I… Read More
2024-02-10 07:47
In the latest update from the Shanghai Futures Exchange (SHFE), overall inventory increased, but aluminium stocks went down by 1.32%. Prices for most metals dropped, except for aluminium, wh… Read More
2024-02-10 05:33
Construction sector enters recession in Q3CY'23 Finished steel imports fall 10% in Jan-Nov'23 Apparent steel consumption unlikely to rebound before Q1CY'24Morning Brief: The severe conse… Read More
2024-02-10 05:25
BigMint's bi-weekly domestic pellet (Fe 63%) index fell by INR 100/t to INR 9,550/t DAP ($115/t) Raipur on 9 February 2024 compared to the last assessment on 6 February.As per BigMint's asse… Read More
2024-02-09 15:20
This week, the UAE domestic scrap market witnessed a notable decline, with uncertainty prevailing amid the imposition of export duties on ferrous scrap exports. In a knee-jerk reaction, dome… Read More
2024-02-09 15:14
The South Asian ferrous scrap market saw a mixed trend in prices, while suppliers got mostly dull responses from Indian buyers amid continuing bid-offer disparities. Pakistan remained out of… Read More
2024-02-09 14:00
Bids remain lower than offers Offers from neighbouring regions lower than Raipur Export market subduedBigMint's bi-weekly domestic pellet (Fe 63%) index fell by INR 100/t to INR 9,550/t… Read More
2024-02-09 13:47
Market inactive amid Lunar New Year holidays Low buying interest weakens trade volumesThe Southeast Asian imported billet market remained inactive this week, with no offers due to ongoing… Read More
2024-02-09 13:23
Japan's leading steelmaker, Nippon Steel, has released its financial results for the October - December 2023 period (Q3FY'23). The company reported a slight increase in non-consolidated crud… Read More
2024-02-09 07:20
Base metals prices on the London Metal Exchange (LME) continued to remain under pressure as of yesterday's closing. Three-month prices on LME dropped by up to 2.14% with the highest drop rec… Read More
2024-02-09 05:43
India's sponge iron prices edged up by INR 100-300/tonne (t) in key locations today on rising steel prices. About 18,000 t of sponge iron transactions were recorded in the country on 8 Febru… Read More
2024-02-09 03:48
Over 4.8 mnt of exports in Jan - highest since Mar'21 Jan pellet exports at 1.77 mnt - highest in three-and-a-half years Exports to drop in Feb'24 as Chinese stockpiling ends before CNY… Read More
2024-02-08 14:18
Absence of offers, trades Shortage of material persists towards fiscal-year end Fall in iron ore export prices weighs on domestic marketDomestic low-grade iron ore fines (Fe 57%) prices… Read More
2024-02-08 14:15
Turkish imported ferrous scrap prices saw a largely stable trend throughout this week amid moderate deals, with indicative tradable offers for HMS (80:20) hovering at $418-421/tonne (t) CFR… Read More
2024-02-08 14:01
Iran's billet export prices have increased in recent export deal. Bids received for export tender were at higher levels. Billet players were on export market which has supported prices to ri… Read More
2024-02-08 14:00
The South Asian ferrous scrap market saw a slight uptick in terms of prices, while Indian buyers remained majorly sluggish with dull demand and bid offer disparities. Pakistan remained large… Read More
2024-02-08 13:56
Iran's semi-finished steel production increased marginally in the ten months of current Persian year (21 March 2023-20 Januray, 2024), according to data released by Petrometals.Semi-finished… Read More
2024-02-08 13:56
Futures prices edge down Limited trade witnessed Chinese buyers away amid CNY holidaysBigMint's weekly Indian low-grade iron ore fines (Fe 57%) export index decreased by $3/tonne (t) w-o… Read More
2024-02-08 13:44
Domestic copper armature prices have been reported at INR 670,000/t, exy-Delhi, fell w-o-w, reflecting a marginal decrease of 1.1%.Prices of secondary CCR rods (99%) were at INR 710,000/t ex… Read More
2024-02-08 13:38
Vedanta will have to seek permission from the Chief Wildlife Warden (CWW) of Goa if it wants to resume transportation of iron ore via the Kalay railway station.The iron ore, being brought in… Read More
2024-02-08 13:23
BigMint's data for 8 February, 2024 revealed a rise of INR 200/t in the domestic steel scrap index (end-cutting) in Mandi Gobindgarh, reaching INR 37,000/t on a delivered-at-plant (DAP) basi… Read More
2024-02-08 13:02
BigMint's billet index continued to rise by INR 250/t to INR 39,350/t exw-Raipur on 8 February, 2024.The billet index rose as offers held at higher prices due to sufficient booking reported… Read More
2024-02-08 07:43
The trade market price levels have continued to stay range-bound amid the availability of cheaper alternatives and the need-based buying pattern of the end-industrial buyers. Sellers in the… Read More
2024-02-08 06:46
Base metals prices on the London Metal Exchange (LME) were under pressure barring nickel as of yesterday's closing. Three-month prices on LME dropped by up to 1% with the highest drop record… Read More
2024-02-08 06:11
BigMint's bi-weekly index for Fe63% concentrate currently stands at INR 5,700/t ($69/t) exw, stable, w-o-w. Meanwhile, some offers were also heard at a higher level of INR 5,900/t ($71/t) ex… Read More
2024-02-08 06:11
In January, the losses incurred by Chinese blast-furnace steel mills when selling their finished steel showed some alleviation, primarily attributed to a slight reduction in production costs… Read More
2024-02-08 05:50
In January, high-carbon ferro chrome (FeCr) production among the 176 Chinese smelters surveyed monthly by Mysteel reached 660,500 tonnes, (t) marking a 3.7% increase compared to the previous… Read More
2024-02-08 03:47
Rebars fall more sharply m-o-m against HRCs Tepid infra demand, liquidity crunch hit rebars Will HRCs see improved export sentiments?Morning Brief: The spread between benchmarked hot rol… Read More
2024-02-07 15:12
In Bangladesh, demand for imported scrap improved post-January elections, driven by improved LC approvals and heightened domestic steel production and sales. However, offers dropped which ac… Read More
2024-02-07 14:25
The stainless-steel market in India is currently facing a decline in demand with stable prices. According to BigMint's assessment, the present price for 304-HRC is INR 173,000/t ($2,084/t)… Read More
2024-02-07 14:19
Lack of buyers due to Lunar holidays Chinese mills go on maintenance shutdown Global iron ore, futures contribute to downtrendBigMint's India pellet (Fe 63%, 3% Al) export (FOB east coas… Read More
