February month's steel report with exclusive data of prices around various part in India.

2. DAILY STEEL REPORT
Issue 1116, Thursday, 27 Feb 2014
Indian Government to allocate Coal Blocks
to Non Power Sectors
Indian Government began the procedure
around 267.91 MnT Coking Coal for SteelFeb 26, 2014 18:47
for allocating Coal blocks to non power
(Blast Furnace). 2. Andal Babuisol of
sector
invites
Raniganj Coalfield, West Bengal having
applications for the allocated blocks
for Sponge Iron. 3. Tokisud-II of South
end users. The Ministry of Coal has
Karanpura Coalfield, Jharkhand having
offered three Coal blocks for the auction
Geological Reserves of around 127.7 MnT
which are as follows: 1. Jhirki & Jhirki
for Cement. The bidders are required to
(West)
bid above the prescribed floor price. The
» China: Iron Ore Prices fall to 8 month low
on Negative Outlook
Geological Reserves of around 103.8 MnT
through competitive bidding for specified
RAW MATERIAL
for
the
of
first
East
time.
Bokaro
It
Coalfield,
Jharkhand having Geological Reserves of
» Indian Government to allocate Coal
Blocks to Non Power Sectors
» India: Private Firms gets Time for Coal
Block Clearance
» India: CEC to visit Odisha Mines in March
SEMI FINISHED
detailed documents i
» India: Pig Iron Prices in a Firm Position
Continued on page 6....
» India: Goa based Exporter sold Pig Iron
to Saudi Arabia
Snap Shot - Indian Domestic Prices (INR/MT)
COMMODITY
PARTICULAR
2
M-O-M
3M-O-M
Rungta, Odisha
Ferro Chrome
2
Manganese Ore 2
+ 800
+ 3,000
24,000
- 250
- 500
NA
21,200
- 50
+ 800
+ 700
32,400
0
- 600
+ 700
35,800
0
+ 1,500
+ 2,000
36,500
0
- 900
+ 3,100
36,200
0
+ 80
+ 1,143
34,300
- 200
- 200
+ 1,800
34,800
- 200
- 200
+ 1,200
38,300
0
+ 300
+ 1,100
Ex-Raipur
54,500
0
+ 500
+ 1,750
Ex-Jajpur
Silico Manganese
0
Ex-Ludhiana
2
25,500
Ex-Raipur
2
+ 300
Ex-Durgapur
Wire Rod 1
+ 100
Ex-Mumbai
Structure 2
+ 100
Ex-Chennai
TMT (Re-Bar) 1
2,910
Ex-Delhi
Billet 1
0
Ex-Mumbai
Sponge Iron
1
0
Ex-Raipur
Pig Iron 2
0
Ex-Cuttack
1
6,800
NMDC
Iron Ore Fines 3
HRC
CHANGE
Ex-Mumbai
Iron Ore Lumps
Scrap
PRICE
71,250
- 250
0
- 750
Ex Balaghat, MOIL
10,403
NA
0
NA
» Indian Sponge Iron Prices under
pressure on Cheaper Imports of Scrap
FINISH LONG
» India: JSW raised Finish Long Prices;
SAIL may follow the Suit
FINISH FLAT
» India: CRC Price rally Continue; JSW hike
Prices
FERRO ALLOY
» India: SAIL floats Tenders for Purchase
of Silico Manganese
» Case against OMC & Mishrilal for Mining
Chrome without Environmental
Clearance
Snap Shot - Global Prices (USD/MT)
COMMODITY
1
PARTICULAR
PRICE
CHANGE
M-O-M
3M-O-M
China Imports
116
- 2
- 8
China Imports
162
0
0
- 6
Australia Exports
123
- 1
- 4
- 13
India Imports
252
- 2
- 13
- 22
India Imports
370
+ 18
0
+ 15
Scrap 2
Turkey Imports
350
- 2
- 25
- 44
Pig Iron 2
India Exports
375
- 5
- 10
- 25
China Exports
530
0
0
+ 10
India Exports
995
+ 7
+ 25
+ 30
Iron Ore Fines
Pellets
Coal
2
(coking Coal) 2
2
met Coke
Coal (
Scrap
HRC
)
2
2
Silico Manganese 2
Ferro Chrome
2
Manganese Ore
China Import
2
¢ 84.5/lb
India Imports
$ 4.65/dmtu
- 19
+ 0.5
+ 0.5
+ 0.5
NA
- 0.35
+ 0.65
Our Contact Details
Raipur:
#301, Jeevan Parisar, Rajeev Nagar
Behind Crystal Arcade
Raipur (C.G) - 492 007 India
Tel: +91 771 2284888
Kolkata:
5th Floor, Vishvakarma Building, 86,
Topsia Road, South-West Block
Kolkata (W.B) - 700 046, India
Tel: +91 33 22852063
1-Daily Assessment, 2-Weekly Assessment, 3-Monthly Assessment, W-O-W -> Week On Week, M-O-M -> Month On Month
Copyright@2013 SteelMint
www.steelmint.com
info@steelmint.com
+91 9575100530

3. DAILY STEEL REPORT
Issue 1116, Thursday, 27 Feb 2014
Iron Ore
PARTICULAR
SIZE/GRADE
DELIVERY
PRICE
W-O-W
M-O-M
3M-O-M
Indian Iron Ore prices (in INR/MT) as on Week 09, 2014 ( 24 Feb - 02 Mar)
Rungta Mines
5-18MM, 63
F.O.R Siding
6,800
0
0
Essel Mining
0
Blue Dust/Fines, 63
F.O.R Siding
2,675
0
0
0
Serajuddin
5-18MM, 63
F.O.R Siding
5,620
0
0
+ 510
Indrani
5-18MM, 63
F.O.R Siding
5,200
0
0
0
NMDC
6-40MM, 65
F.O.R Siding
4,500
-
0
+ 200
Prices Including Royalty (Weekly Assessment,Prices last updated on: 2014-02-26,) , # NMDC Prices Excluding Royalty of 10% (Monthly Assessment)W-O-W -> Week On Week, M-O-M -> Month On Month
Global Iron Ore prices (in USD/MT) as on date 26-Feb-2014
Fe 63.5/63, India
Iron Fines, 63.5/63
CNF China
117
- 7
- 8
- 19
Fe 61.5, Australia
Iron Fines, 61.5
CNF China
116
Fe 63.5, Brazil
Iron Fines, 63.5
CNF China
118
- 7
- 8
- 19
- 9
- 11
- 22
Fe 59/58, India
Iron Fines, 59/58
FOB Vizag
82
- 7
- 8
- 22
Prices on DMT basis (Daily Assessment) , India- Single Port Loading , FOB prices including demurrageW-O-W -> Week On Week, M-O-M -> Month On Month
Indian Pellets prices (in INR/MT) as on Week 09, 2014 ( 24 Feb - 02 Mar)
Barbil
6-20MM, 63
F.O.R Siding
6,500
- 200
- 950
- 675
Raipur
6-20MM, 63
Ex-Works
8,200
0
0
+ 175
Bellary
6-20MM, 62
Ex-Works
8,050
0
+ 150
+ 888
Weekly Assessment,Prices last updated on: 2014-02-26, Excise duty @12.36%; VAT as applicable.W-O-W -> Week On Week, M-O-M -> Month On Month
Global Pellets prices (in USD/MT) as on Week 09, 2014 ( 24 Feb - 02 Mar)
India Import
6-20MM, DR Grade
CNF West Coast
170
0
0
NA
China Import
BF Grade
CNF China
162
0
0
- 6
India Export
6-20MM, DR Grade
FOB East Coast
143
0
- 5
- 5
Coal
Global Coal prices (in USD/MT) as on Week 09, 2014 ( 24 Feb - 02 Mar)
Indonesian Thermal
3800 GAR
FOB Indonesia
33
0
0
+ 1
Indonesian Thermal
4200 GAR
FOB Indonesia
40
0
- 1
+ 1
Australia
Premium HCC
FOB Australia
123
- 1
- 4
- 13
Australia
Met Coke
CFR India
252
- 2
- 13
- 22
Weekly Assessment,Prices last updated on: 2014-02-26,W-o-W Changes are on the basis of FOB price,*Metcoke- Changes on the basis of CFR IndiaW-O-W -> Week On Week, M-O-M -> Month On Month
Scrap
Indian Scrap prices (in INR/MT) as on date 26-Feb-2014
Alang
Mumbai
Bhavnagar
Chennai
HMS(80:20)
Ex-Yard
25,900
0
+ 300
+ 1,350
HMS(80:20)
Ex-Yard
25,500
0
+ 800
+ 3,000
Ship Breaking
Ex-Yard
28,800
0
+ 1,100
+ 2,900
HMS(80:20)
Ex-Yard
24,600
+ 200
+ 700
+ 1,400
Daily Assessment,Prices last updated on: 2014-02-26, Excise duty @12.36%; VAT as applicable.W-O-W -> Week On Week, M-O-M -> Month On Month
Global Scrap prices (in USD/MT) as on Week 09, 2014 ( 24 Feb - 02 Mar)
Europe Export
Shredded
FOB Rotterdam
330
0
- 22
- 40
Indian Import
HMS(80:20), Europe
CNF Mumbai
362
+ 2
- 18
- 1
Indian Import
Shredded, Europe/Us
CNF Mumbai
380
+ 2
- 15
+ 2
Turkey Import
HMS(80:20), Us
CNF Turkey Major Port
350
- 2
- 25
- 44
Weekly Assessment,Prices last updated on: 2014-02-26,W-O-W -> Week On Week, M-O-M -> Month On Month
Copyright@2013 SteelMint
www.steelmint.com
info@steelmint.com
+91 9575100530

4. DAILY STEEL REPORT
Issue 1116, Thursday, 27 Feb 2014
Indian Sponge Iron Prices under pressure on Cheaper Imports of
Scrap
Indian Sponge iron prices are under pressure on falling Scrap prices
has assessed that in the coming week’s Sponge prices is likely toFeb 26, 2014 12:43
in the global market and decline in Iron pellet prices in Indian
remain under pressure owing to improve supply of imported Scrap.
domestic market. Indian Sponge iron prices which stood firm from
Sources said, imported Scrap offers which were hovering in the
last few weeks owing to raw material issues have shown some
range of USD 375-380/MT CFR Mumbai in January, have fallen to
resistance. The resistance is shown because of cheaper imports of
USD 360/MT. They also mentioned that a lot of trade had took place
Scrap from Europe & Middle East and availability of Iron pellet at
in last few days and delivery will be made in the month of March.
discount, puts pressure on prices. Falling Scrap Offers in Global
Increased availability of Pellet in Indian Market Another reason that
Market SteelMint in a discussion with market participants
makes Sponge prices under pressure is decl
Continued on page 6....
Indian Semi Finished & Finished Market Assessment as on Date 26 Feb (INR/MT)
ZONES
PLACE(CITY)
SPONGE IRON CHANGE SPONGE PELLET CHANGE SCRAP CHANGE PIG IRON CHANGE
Mandi Gobindgarh
0
-
-
Ludhiana
-
-
-
-
-
-
Ghaziabad
North India
23,600
-
-
-
-
-
-
-
0
-
20,100
0
0
24,500
0
19,100
- 50
-
-
-
-
24,200
0
-
-
-
-
-
24,000
0
Central India
0
26,000
0
-
25,400
0
26,500
0
-
Raipur
21,200
- 50
19,600
- 100
Raigarh
19,950
- 50
18,950
- 50
25,600
30,800
Rourkela
Cuttack
- 50
0
Durgapur
East India
18,700
25,300
24,000
-
South India
Mumbai
-
-
-
-
25,500
0
Jalna
-
-
-
-
25,700
0
Hyderabad
West India
-
-
- 200
24,800
0
25,500
0
-
24,600
0
26,000
0
Chennai
-
Bellary
19,500
19,800
-
-
- 100
18,400
- 100
-
-
-
-
-
-
All prices are basic, Excise duty @ 12.36%, VAT as applicable extra, Bellary sponge pellet - 75 FeM
ZONES
PLACE(CITY)
INGOT
CHANGE
BILLET
CHANGE
Mandi Gobindgarh
Central India
West India
- 100
-
-
Ghaziabad
33,300
- 100
-
-
33,050
- 100
Durgapur
29,600
- 100
30,300
Rourkela
29,400
- 50
29,700
Raipur
29,900
0
Raigarh
30,050
- 50
Mumbai
East India
+ 50
34,300
Muzaffarnagar
North India
34,450
Ludhiana
32,200
Jalna
0
CHANGE
CHANGE
- 100
-
-
-
-
-
35,400
- 200
-
-
-
35,000
- 200
-
-
- 100
33,050
- 150
-
-
- 50
34,150
0
-
-
30,300
- 50
33,400
0
-
-
30,000
- 100
33,200
0
-
-
0
32,400
0
35,600
- 100
31,600
0
35,800
- 100
-
38,350
STRUCTURE
-
-
34,700
TMT
-
36,200
0
-
South India
35,300
-
Ahmedabad
32,800
0
33,300
- 100
36,400
- 300
0
Hyderabad
31,400
0
31,800
0
35,300
- 100
-
-
Chennai
32,000
0
32,500
0
36,500
0
-
-
All prices are basic , Excise duty @ 12.36%, VAT as applicable extra
Sponge Iron -78-80 FeM (Recovery 85%)
Scrap - HMS, Mixed (Recovery 94%)
Pig Iron - Steel Grade, 3.5-4.5% Carbon
Ingot - 3.5"*4.5", Commercial Grade
Billet - 100*100, 125*125, S+P> 0.1 %,
Re-bar - 12mm, Fe 415 Grade
Copyright@2013 SteelMint
www.steelmint.com
Structure - Commercial Grade, 40 Angle
info@steelmint.com
+91 9575100530

5. DAILY STEEL REPORT
Issue 1116, Thursday, 27 Feb 2014
Structure Market Prices Weekly Assessment as on Week 09, 2014 ( 24 Feb - 02 Mar)
REGION
CITY
North India
Ghaziabad
East India
Durgapur
Central India
40 ANGLE CHANGE
Raipur
West India
South India
M-O-M
75
CHANGE
CHANNEL
M-O-M
200
BEAM
CHANGE
M-O-M
-
-
-
-
-
-
36,800
+ 67
+ 750
35,200
+ 100
+ 500
35,200
+ 100
+ 200
35,700
+ 100
+ 500
-
-
-
-
-
-
33,900
- 100
+ 368
Ahmedabad
35,300
0
+ 560
35,500
0
+ 580
36,700
0
+ 580
Mumbai
36,200
0
+ 80
37,200
0
+ 80
37,400
0
+ 80
Hyderabad
35,500
+ 400
+ 167
36,000
+ 400
+ 167
-
-
-
Weekly Assessment,Commercial Grade ,Excise Duty @ 12.36% ;VAT as applicable,# Prices including all taxes
Wire Market Prices Daily Assessment as on 26 Feb in (INR/MT)
ITEM
SIZE
Wire Rod
RAIPUR
CHANGE
W-O-W
DURGAPUR
CHANGE
W-O-W
5.5 MM
HB Wire
34,800
- 200
- 200
34,300
- 200
- 450
20 Gauge
Binding Wire
40,200
- 150
- 150
41,400
- 100
- 100
36,400
12 Gauge
36,700
- 200
- 200
- 100
- 400
12x12 Gauge
41,950
0
0
-
-
-
12 Gauge
Barbed Wire
40,700
- 100
- 100
-
-
-
GI Wire
Weekly Assessment,Commercial Grade,Excise Duty @ 12.36% ;VAT as applicable
TMT Market Prices Daily Assessment as on 26 Feb in (INR/MT)
REGION
PARTICULAR
12MM PRICE (BASIC)
PRICE#(ALL
TAX)
CHANGE
W-O-W
M-O-M
20MM PRICE
(BASIC)
Indian TMT prices (in INR/MT) as on date 26-Feb-2014
Ghaziabad
35,900
+ 1,450
39,050
Delhi/NCR
35,800
42,200
0
+ 100
+ 1,500
36,300
35,000
41,300
- 200
- 100
+ 1,300
35,500
34,150
40,300
0
+ 150
+ 1,550
34,150
Durgapur
33,050
39,000
- 150
- 250
- 650
34,050
Patna
36,000
42,500
0
- 900
- 200
37,500
34,300
40,500
0
- 450
+ 400
34,300
33,400
38,700
0
- 500
- 400
32,600
Indore
39,250
46,300
0
0
+ 750
38,450
Raigarh
33,200
39,200
0
- 300
NA
32,400
Jalna
35,800
42,200
- 100
- 100
- 400
35,800
Mumbai
35,600
42,000
- 100
+ 100
- 600
35,400
Latur
36,600
43,200
0
- 500
0
36,600
Ahmedabad
36,400
42,900
- 300
- 300
0
36,000
Goa
38,100
44,900
0
0
0
36,500
Jaipur
35,800
42,200
0
0
+ 600
36,300
Wardha
34,100
40,200
NA
NA
NA
33,500
Chennai
36,500
43,100
0
- 400
- 900
36,500
Hyderabad
35,300
41,600
- 100
- 600
+ 300
33,800
Bangalore
South India
+ 1,300
NA
Raipur*
West India
- 100
- 100
Giridih
Central India
- 200
44,300
Rourkela
East India
41,800
38,350
Muzaffarnagar
North India
35,400
Mandi Gobindgarh
37,500
44,200
0
0
- 500
37,700
Daily Assessment,Size - 12MM.,Grade- 415/500 Fe, Excise Duty @ 12.36% ;VAT as applicable. ,*Payment next dayW-O-W -> Week On Week, M-O-M -> Month On Month,# Prices including all taxes
Copyright@2013 SteelMint
www.steelmint.com
info@steelmint.com
+91 9575100530

6. DAILY STEEL REPORT
Issue 1116, Thursday, 27 Feb 2014
Indian Finished Flat Market Weekly Assessment as on Week 09, 2014 ( 24 Feb - 02 Mar) in (INR/MT)
ZONES
North India
East India
West India
South India
PLACE(CITY)
HRC
Delhi/NCR
CHANGE
-
Ludhiana
38,300
Kolkata
CRC
0
-
CHANGE
-
-
42,000
-
0
-
-
Mumbai
37,600
0
42,400
0
Ahmedabad
40,000
0
45,400
0
Hyderabad
42,700
+ 2,700
44,500
+ 2,500
-
42,300
0
Chennai
-
All prices are basic , Excise duty @ 12.36%, VAT as applicable extra
India: SAIL floats Tenders for Purchase of Silico Manganese
Steel Authority of India Limited (SAIL), one of the major producer of
supplied at least 690 MT medium Carbon Silico Manganese to any Feb 26, 2014 18:42
Steel in India is inviting two tenders for procurement of Silico
industry in India. Chemical Specification Manganese: 55% Min
Manganese of different grades (medium Carbon & low Carbon low
Silicon: 20% Min Carbon: 0.5% Max Size: 10-70 mm Quantity: 2,300
phosphorous). 1. Procurement of Medium Carbon Silico Manganese
MT Delivery: As per SSP schedule Important Time & Dates Due
at Salem Salem plant, one of unit of SAIL in Tamil Nadu intends to
date: 15.00 hrs IST on 20 Mar, 2014 Bid opening date: 10.00 hrs IST
procure medium Carbon Silico Manganese through online Reverse
on 20 Mar, 2014 2. Procurement of Low Carbon Low Phosphorous
Auction process. Tenderer shall be a manufacturer of medium
Silico Manganese at Bokaro SAIL/Bokaro Steel plant invites tender
Carbon Silico Manganese (MC Si Mn) and should have successfully
from Indian firms only, for supply of low
Continued on page 6....
Ferro Alloys
PARTICULAR
SIZE/GRADE
DELIVERY
PRICE (BASIC)
W-O-W
M-O-M
3M-O-M
Indian Ferro Alloys prices (in INR/MT) as on Week 09, 2014 ( 24 Feb - 02 Mar)
Chrome Ore
Friable 52-54%
Ex-Barbil
14,676
NA
+ 2,555
+ 1,361
Ferro Chrome
Hc 60%
Ex-Jajpur
71,250
- 250
0
- 750
Ferro Manganese
Hc 70%
Ex-Durgapur
57,500
- 500
+ 1,750
+ 1,000
Ferro Silicon
Hc 70-75%
Ex-Guwahati
74,000
0
0
- 1,000
Manganese Ore
37.5% Lumps
Ex-Balaghat
10,403
NA
0
NA
Manganese Ore
44% Lumps
Ex-Balaghat
13,571
NA
0
NA
Silico Manganese
60-14
Ex-Durgapur
55,000
0
+ 500
+ 1,000
Silico Manganese
60-14
Ex-Raipur
54,500
0
+ 500
+ 1,750
NA
- 30
- 30
Global Ferro Alloys prices (in USD/MT) as on Week 09, 2014 ( 24 Feb - 02 Mar)
Chrome Ore
Lumpy 36-38%
CNF China
135
Ferro Chrome
Hc 60%
CNF China
¢ 84.5/lb
+ 0.5
+ 0.5
+ 0.5
Ferro Manganese
Hc 75%
FOB East Coast
1,010
+ 5
+ 50
+ 60
Manganese Ore
44% Lumps, Brazil
CNF East Coast
USD 4.9/dmtu
NA
- 0.1
- 0.1
Manganese Ore
38% Lumps, S. Africa
CNF East Coast
USD 4.65/dmtu
NA
- 0.35
+ 0.65
65-15
FOB East Coast
995
+ 7
+ 25
+ 30
Silico Manganese
Weekly Assessment, Excise duty @12.36%; VAT as applicableW-O-W -> Week On Week, M-O-M -> Month On Month
Copyright@2013 SteelMint
www.steelmint.com
info@steelmint.com
+91 9575100530

7. DAILY STEEL REPORT
Issue 1116, Thursday, 27 Feb 2014
Trade Wise
Finish Flat : Indian Steel Corporation offers GP(0.4 MM)at INR
Coal : Bhusan Power & Steel is importing 80,000 MT Coking Coal from
61,500/MT(price including all)
Australia at Vizag port in MV. Ocean Scorpil vessel.
Scrap : JSW Steel invites offer for sale of GP Scrap having a floor price
Iron Ore : Shipper kalinga Alied & Kashvi to export Iron ore 55,000 MT
of INR 25,000/MT.
each on vessel name LEO & JIN YUE.
Coal : Agarwal Coal is to import 54,850 MT Non Coking Coal imported
Pellets : Bellary: Fe 62% Iron pellet offers at INR 8,050/MT (Basic
From Indonesia at Vizag port in mV. Jin Ye vessel.
Price)
Pig Iron : Ludhiana offers Foundry grade at INR 32,500/MT (VAT extra)
Coal : NALCO invites bid for purchase of 50,000 MT of Non-coking Coal
in Odisha before 06 Mar.
....Continued from page 1
ncluding RFP, copy of the Geological Report etc are available for sale at Central Mine Planning & Design Institute Limited
(CMPDIL) Office, Ranchi.....
China: Iron Ore Prices fall to 8 month low on Negative
Outlook
Indian Government to allocate Coal Blocks to Non
Power Sectors
2014-02-26 13:34
2014-02-26 13:17
Iron ore market in China continued its downward trend today. Prices
decreased by USD 7/MT in last 1 week. Fe 63.5/63 Prices are at 8 month
low Spot Iron ore prices were seen at USD 117 /MT on 1 Jul, 2013 for
63.5/63 grade. Prices decreased by USD 2/MT today owing to negative
sentiments prevailed in the market regarding steel market and smog alert.
for more visit http://www.steelmint.com/steelnews
Iron Ore Fin...
Indian Government began the procedure for allocating Coal blocks to non
power sector for the first time. It invites applications for the allocated blocks
through competitive bidding for specified end users. The Ministry of Coal
has offered three Coal blocks for the auction which are as follows: 1. Jhirki
for
& Jhirki (West) of East Bokaro Coalfield, Jharkhand having Geolog...
India: SAIL floats Tenders for Purchase of Silico
Manganese
India: CRC Price rally Continue; JSW hike Prices
2014-02-26 13:12
Steel Authority of India Limited (SAIL), one of the major producer of Steel in
India is inviting two tenders for procurement of Silico Manganese of different
grades (medium Carbon & low Carbon low phosphorous). 1. Procurement
of Medium Carbon Silico Manganese at Salem Salem plant, one of unit of
SAIL in Tamil Nadu intends to procure medium Carbon Silico Manganese
for more visit http://www.steelmint.com/steelnews
thr...
India: Pig Iron Prices in a Firm Position
2014-02-26 12:47
Pig iron manufacturers are currently avoiding any alteration in prices.
Financial Year ending is likely to create pressure on Pig iron prices. The
manufacturers are trying to clear their stocks. Major Pig iron player like NINL
& RSP are offering the Basic grade Pig iron at discounts and at cheaper
prices than the market. A market participant at Bokaro speculated,
for more visit http://www.steelmint.com/steelnews
"Ma...
India: Goa based Exporter sold Pig Iron to Saudi
Arabia
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2014-02-26 12:59
As per industry sources, JSW has announced price hike of INR 500/MT750/MT across all its products from beginning of March, 2014. Market was
expecting this price hike. JSW personnel were quite cautious on initiating
the price hike looking at the current demand scenario. The quantum of price
hike has been reduced this time due to lull demand in the economy and
for more visit http://www.steelmint.com/steelnews
falling expo...
India: JSW raised Finish Long Prices; SAIL may follow
the Suit
2014-02-26 10:50
JSW raised price of finished products for March, 2014. Following the suit,
SAIL is likely to increase Finish Long prices. Low inventory and shortage of
the materials indicates price hike further. JSW Steel has decided to
increase steel prices again. This time the quantum of increase has been
kept between INR 500/MT and INR 750/MT for both Flat and Long products
for more visit http://www.steelmint.com/steelnews
and will b...
India: Private Firms gets Time for Coal Block
Clearance
2014-02-26 09:48
India's largest private sector Pig iron exporter based in Goa, is expected to
ship Pig iron to Saudi Arabian (Middle East) buyer on 27 Feb, 2014. A vessel
named Reecon Emre is to carry 10,954 MT Pig iron from Mormugao port to
a ductile cast Iron making company based in Saudi Arabia. The end user is
a long term buyer of the Goa based Pig iron exporting company.
for more visit http://www.steelmint.com/steelnews
Though,...
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2014-02-26 09:12
Private companies such as Essar Power, D B Power and Hindalco
Industries got a major relief on Coal block allocation and another 10
companies gets time for clearance. Inter-Ministerial Group (IMG) is a body
which suggests corrective measures for Coal block holders. It was formed
by the government last year to review Coal blocks progress, allocated to
for more visit http://www.steelmint.com/steelnews
firms for captive use...
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8. DAILY STEEL REPORT
Issue 1116, Thursday, 27 Feb 2014
Indian Sponge Iron Prices under pressure on Cheaper
Imports of Scrap
Case against OMC & Mishrilal for Mining Chrome
without Environmental Clearance
2014-02-26 07:13
Indian Sponge iron prices are under pressure on falling Scrap prices in the
global market and decline in Iron pellet prices in Indian domestic market.
Indian Sponge iron prices which stood firm from last few weeks owing to
raw material issues have shown some resistance. The resistance is shown
because of cheaper imports of Scrap from Europe & Middle East and
for more visit http://www.steelmint.com/steelnews
availability ...
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2014-02-26 07:00
Bhubaneswar: After issuing show cause notices to the Chrome miners for
violating green norms, the Jajpur district administration has started lodging
cases against them. In the first phase, the district administration has lodged
cases against Mishrilal & Co for violating the Environmental Protection (EP)
for
act in its Sarubali mines in the JMFC Court (Jajpur) on 24 Feb, 201...
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9. DAILY STEEL REPORT
Issue 1116, Thursday, 27 Feb 2014
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