February steel report

DAILY STEEL REPORT

Issue 1116, Thursday, 27 Feb 2014

Snap Shot - Indian Domestic Prices (INR/MT)

Snap Shot - Global Prices (USD/MT)

1-Daily Assessment, 2-Weekly Assessment, 3-Monthly Assessment, W-O-W -> Week On Week, M-O-M -> Month On Month

Indian Government to allocate Coal Blocks to Non Power Sectors

Feb 26, 2014 18:47 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 & Jhirki

(West) of East Bokaro Coalfield,

Jharkhand having Geological Reserves of

around 267.91 MnT Coking Coal for Steel

(Blast Furnace). 2. Andal Babuisol of

Raniganj Coalfield, West Bengal having

Geological Reserves of around 103.8 MnT

for Sponge Iron. 3. Tokisud-II of South

Karanpura Coalfield, Jharkhand having

Geological Reserves of around 127.7 MnT

for Cement. The bidders are required to

bid above the prescribed floor price. The

detailed documents i

Continued on page 6....

COMMODITY PARTICULAR PRICE CHANGE M-O-M 3M-O-M

Iron Ore Lumps 2 Rungta, Odisha 6,800 0 0 0

Iron Ore Fines 3 NMDC 2,910 + 100 + 100 + 300

Scrap 1 Ex-Mumbai 25,500 0 + 800 + 3,000

Pig Iron 2 Ex-Cuttack 24,000 - 250 - 500 NA

Sponge Iron 1 Ex-Raipur 21,200 - 50 + 800 + 700

Billet 1 Ex-Mumbai 32,400 0 - 600 + 700

TMT (Re-Bar) 1Ex-Delhi 35,800 0 + 1,500 + 2,000

Ex-Chennai 36,500 0 - 900 + 3,100

Structure 2 Ex-Mumbai 36,200 0 + 80 + 1,143

Wire Rod 1Ex-Durgapur 34,300 - 200 - 200 + 1,800

Ex-Raipur 34,800 - 200 - 200 + 1,200

HRC 2 Ex-Ludhiana 38,300 0 + 300 + 1,100

Silico Manganese 2 Ex-Raipur 54,500 0 + 500 + 1,750

Ferro Chrome 2 Ex-Jajpur 71,250 - 250 0 - 750

Manganese Ore 2 Ex Balaghat, MOIL 10,403 NA 0 NA

COMMODITY PARTICULAR PRICE CHANGE M-O-M 3M-O-M

Iron Ore Fines 1 China Imports 116 - 2 - 8 - 19

Pellets 2 China Imports 162 0 0 - 6

Coal (coking Coal) 2 Australia Exports 123 - 1 - 4 - 13

Coal (met Coke) 2 India Imports 252 - 2 - 13 - 22

Scrap 2 India Imports 370 + 18 0 + 15

Scrap 2 Turkey Imports 350 - 2 - 25 - 44

Pig Iron 2 India Exports 375 - 5 - 10 - 25

HRC 2 China Exports 530 0 0 + 10

Silico Manganese 2 India Exports 995 + 7 + 25 + 30

Ferro Chrome 2 China Import ¢ 84.5/lb + 0.5 + 0.5 + 0.5

Manganese Ore 2 India Imports $ 4.65/dmtu 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

RAW MATERIAL

» China: Iron Ore Prices fall to 8 month low on Negative Outlook

» 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

» India: Pig Iron Prices in a Firm Position

» India: Goa based Exporter sold Pig Iron to Saudi Arabia

» 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

Copyright@2013 SteelMint www.steelmint.com [email protected] +91 9575100530

Iron Ore

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

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

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

Coal

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

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

Weekly Assessment,Prices last updated on: 2014-02-26,W-O-W -> Week On Week, M-O-M -> Month On Month

DAILY STEEL REPORT Issue 1116, Thursday, 27 Feb 2014

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 0

Essel Mining 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

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 - 7 - 8 - 19

Fe 63.5, Brazil Iron Fines, 63.5 CNF China 118 - 9 - 11 - 22

Fe 59/58, India Iron Fines, 59/58 FOB Vizag 82 - 7 - 8 - 22

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

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

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

Indian Scrap prices (in INR/MT) as on date 26-Feb-2014

Alang HMS(80:20) Ex-Yard 25,900 0 + 300 + 1,350

Mumbai HMS(80:20) Ex-Yard 25,500 0 + 800 + 3,000

Bhavnagar Ship Breaking Ex-Yard 28,800 0 + 1,100 + 2,900

Chennai HMS(80:20) Ex-Yard 24,600 + 200 + 700 + 1,400

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


Indian Semi Finished & Finished Market Assessment as on Date 26 Feb (INR/MT)

All prices are basic, Excise duty @ 12.36%, VAT as applicable extra, Bellary sponge pellet - 75 FeM

All prices are basic , Excise duty @ 12.36%, VAT as applicable extra


Indian Sponge Iron Prices under pressure on Cheaper Imports of Scrap

Feb 26, 2014 12:43 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 availability of Iron pellet at

discount, puts pressure on prices. Falling Scrap Offers in Global

Market SteelMint in a discussion with market participants

has assessed that in the coming week’s Sponge prices is likely to

remain under pressure owing to improve supply of imported Scrap.

Sources said, imported Scrap offers which were hovering in the

range of USD 375-380/MT CFR Mumbai in January, have fallen to

USD 360/MT. They also mentioned that a lot of trade had took place

in last few days and delivery will be made in the month of March.

Increased availability of Pellet in Indian Market Another reason that

makes Sponge prices under pressure is decl


ZONES PLACE(CITY) SPONGE IRON CHANGE SPONGE PELLET CHANGE SCRAP CHANGE PIG IRON CHANGE

North India

Mandi Gobindgarh 23,600 0 - - 25,300 0 - -

Ludhiana - - - - - - 30,800 0

Ghaziabad - - - - - - - -

East India

Durgapur 20,100 0 18,700 - 50 25,600 0 24,500 0

Rourkela 19,100 - 50 - - - - 24,200 0

Cuttack - - - - - - 24,000 0

Central IndiaRaipur 21,200 - 50 19,600 - 100 24,000 0 26,000 0

Raigarh 19,950 - 50 18,950 - 50 - - 25,400 0

West IndiaMumbai - - - - 25,500 0 26,500 0

Jalna - - - - 25,700 0 - -

South India

Hyderabad - - 19,800 - 200 24,800 0 25,500 0

Chennai - - - - 24,600 0 26,000 0

Bellary 19,500 - 100 18,400 - 100 - - - -

ZONES PLACE(CITY) INGOT CHANGE BILLET CHANGE TMT CHANGE STRUCTURE CHANGE

North India

Mandi Gobindgarh 34,450 + 50 34,700 0 38,350 - 100 - -

Ludhiana 34,300 - 100 - - - - - -

Ghaziabad 33,300 - 100 - - 35,400 - 200 - -

Muzaffarnagar 33,050 - 100 - - 35,000 - 200 - -

East IndiaDurgapur 29,600 - 100 30,300 - 100 33,050 - 150 - -

Rourkela 29,400 - 50 29,700 - 50 34,150 0 - -

Central IndiaRaipur 29,900 0 30,300 - 50 33,400 0 - -

Raigarh 30,050 - 50 30,000 - 100 33,200 0 - -

West India

Mumbai 32,200 0 32,400 0 35,600 - 100 36,200 0

Jalna - - 31,600 0 35,800 - 100 - -

Ahmedabad 32,800 0 33,300 - 100 36,400 - 300 35,300 0

South IndiaHyderabad 31,400 0 31,800 0 35,300 - 100 - -

Chennai 32,000 0 32,500 0 36,500 0 - -

Sponge Iron -78-80 FeM (Recovery 85%)

Ingot - 3.5"*4.5", Commercial Grade

Scrap - HMS, Mixed (Recovery 94%)

Billet - 100*100, 125*125, S+P> 0.1 %,

Pig Iron - Steel Grade, 3.5-4.5% Carbon

Re-bar - 12mm, Fe 415 Grade

Structure - Commercial Grade, 40 Angle


Structure Market Prices Weekly Assessment as on Week 09, 2014 ( 24 Feb - 02 Mar)

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)

Weekly Assessment,Commercial Grade,Excise Duty @ 12.36% ;VAT as applicable

TMT Market Prices Daily Assessment as on 26 Feb in (INR/MT)

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


REGION CITY 40 ANGLE CHANGE M-O-M75

CHANNELCHANGE M-O-M

200 BEAM

CHANGE M-O-M

North India Ghaziabad - - - - - - 36,800 + 67 + 750

East India Durgapur 35,200 + 100 + 500 35,200 + 100 + 200 35,700 + 100 + 500

Central India Raipur - - - - - - 33,900 - 100 + 368

West IndiaAhmedabad 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

South India Hyderabad 35,500 + 400 + 167 36,000 + 400 + 167 - - -

ITEM SIZE RAIPUR CHANGE W-O-W DURGAPUR CHANGE W-O-W

Wire Rod 5.5 MM 34,800 - 200 - 200 34,300 - 200 - 450

Binding Wire 20 Gauge 40,200 - 150 - 150 41,400 - 100 - 100

HB Wire 12 Gauge 36,700 - 200 - 200 36,400 - 100 - 400

Barbed Wire 12x12 Gauge 41,950 0 0 - - -

GI Wire 12 Gauge 40,700 - 100 - 100 - - -

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

North India

Ghaziabad 35,400 41,800 - 200 - 100 + 1,300 35,900

Mandi Gobindgarh 38,350 44,300 - 100 NA + 1,450 39,050

Delhi/NCR 35,800 42,200 0 + 100 + 1,500 36,300

Muzaffarnagar 35,000 41,300 - 200 - 100 + 1,300 35,500

East India

Rourkela 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

Giridih 34,300 40,500 0 - 450 + 400 34,300

Central India

Raipur* 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

West India

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

South India

Chennai 36,500 43,100 0 - 400 - 900 36,500

Hyderabad 35,300 41,600 - 100 - 600 + 300 33,800

Bangalore 37,500 44,200 0 0 - 500 37,700


Indian Finished Flat Market Weekly Assessment as on Week 09, 2014 ( 24 Feb - 02 Mar) in (INR/MT)

All prices are basic , Excise duty @ 12.36%, VAT as applicable extra

Ferro Alloys

Weekly Assessment, Excise duty @12.36%; VAT as applicableW-O-W -> Week On Week, M-O-M -> Month On Month


ZONES PLACE(CITY) HRC CHANGE CRC CHANGE

North IndiaDelhi/NCR - - - -

Ludhiana 38,300 0 42,000 0

East India Kolkata - - - -

West IndiaMumbai 37,600 0 42,400 0

Ahmedabad 40,000 0 45,400 0

South IndiaHyderabad 42,700 + 2,700 44,500 + 2,500

Chennai - - 42,300 0

India: SAIL floats Tenders for Purchase of Silico Manganese Feb 26, 2014 18:42 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 through online Reverse

Auction process. Tenderer shall be a manufacturer of medium

Carbon Silico Manganese (MC Si Mn) and should have successfully

supplied at least 690 MT medium Carbon Silico Manganese to any

industry in India. Chemical Specification Manganese: 55% Min

Silicon: 20% Min Carbon: 0.5% Max Size: 10-70 mm Quantity: 2,300

MT Delivery: As per SSP schedule Important Time & Dates Due

date: 15.00 hrs IST on 20 Mar, 2014 Bid opening date: 10.00 hrs IST

on 20 Mar, 2014 2. Procurement of Low Carbon Low Phosphorous

Silico Manganese at Bokaro SAIL/Bokaro Steel plant invites tender

from Indian firms only, for supply of low


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

Global Ferro Alloys prices (in USD/MT) as on Week 09, 2014 ( 24 Feb - 02 Mar)

Chrome Ore Lumpy 36-38% CNF China 135 NA - 30 - 30

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

Silico Manganese 65-15 FOB East Coast 995 + 7 + 25 + 30



Trade Wise

Finish Flat : Indian Steel Corporation offers GP(0.4 MM)at INR

61,500/MT(price including all)

Scrap : JSW Steel invites offer for sale of GP Scrap having a floor price

of INR 25,000/MT.

Coal : Agarwal Coal is to import 54,850 MT Non Coking Coal imported

From Indonesia at Vizag port in mV. Jin Ye vessel.

Pig Iron : Ludhiana offers Foundry grade at INR 32,500/MT (VAT extra)

Coal : Bhusan Power & Steel is importing 80,000 MT Coking Coal from

Australia at Vizag port in MV. Ocean Scorpil vessel.

Iron Ore : Shipper kalinga Alied & Kashvi to export Iron ore 55,000 MT

each on vessel name LEO & JIN YUE.

Pellets : Bellary: Fe 62% Iron pellet offers at INR 8,050/MT (Basic

Price)

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

2014-02-26 13:34

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. Iron Ore Fin... for more visit http://www.steelmint.com/steelnews

Indian Government to allocate Coal Blocks to Non Power Sectors

2014-02-26 13:17

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 & Jhirki (West) of East Bokaro Coalfield, Jharkhand having Geolog... for

more visit http://www.steelmint.com/steelnews

India: SAIL floats Tenders for Purchase of Silico Manganese

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 thr... for more visit http://www.steelmint.com/steelnews

India: CRC Price rally Continue; JSW hike Prices 2014-02-26 12:59

As per industry sources, JSW has announced price hike of INR 500/MT- 750/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 falling expo... for more visit http://www.steelmint.com/steelnews

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, "Ma... for more visit http://www.steelmint.com/steelnews

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 and will b... for more visit http://www.steelmint.com/steelnews

India: Goa based Exporter sold Pig Iron to Saudi Arabia

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. Though,... for more visit http://www.steelmint.com/steelnews

India: Private Firms gets Time for Coal Block Clearance

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 firms for captive use... for more visit http://www.steelmint.com/steelnews



Indian Sponge Iron Prices under pressure on Cheaper Imports of Scrap

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 availability ... for more visit http://www.steelmint.com/steelnews

Case against OMC & Mishrilal for Mining Chrome without Environmental Clearance

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) act in its Sarubali mines in the JMFC Court (Jajpur) on 24 Feb, 201... for

more visit http://www.steelmint.com/steelnews



REPORTS

Daily Steel Report

Ironore Insight

Coal Review

Scrap Insight

Semi Finished And Finished Long

Finished Flat

Ferro Alloys Insight

SERVICES

Steel Prices Market Tracker

Steel News Statistics

Archive Data Logistics

Tenders Events

Expert Comments Plant & Machinary For sale

Forecasts Global Steel Prices

SUBSCRIPTION/ TRIALS OFFICES

www.steelmint.com Ph: +919575100530 Email: [email protected]

Bank Account Details HDFC Bank, Raipur Account Number - 01522560009922 IFSC Code - HDFC0000152

IDBI Bank, Raipur

Account Number - 0049102000048888 IFSC Code - IBKL0000851

SteelMint, Raipur 301, Jeevan ParisarRajeev Nagar, Raipur(C.G) - 492007 Telefax: +917712284888

SteelMint, Kolkata 5th Floor, Vishvakarma Building, 86, Topsia Road, South-West Block,

Telefax: +913322852063

This publication is for information purposes only. The information contained in this document has been compiled from sources believed to be reliable.

SteelMint cannot be made liable for any loss no matter how it may arise. The recipient of this report must make its own independent decisions regarding

any product or items mentioned herein.

©SteelMint 2013. All rights reserved. No part of this publication (text, data or graphic) may be reproduced, stored in corporate data retrieval systems or

transmitted in any form without obtaining SteelMint's prior written consent.


Date post:	13-Sep-2014
Category:	Business
View:	163 times
Download:	1 times

February steel report

Business