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Overview of the past month steel,iron ore,coal,scrap prices analysis and upcoming price trends.
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Page 1: Steel Market Data
Page 2: Steel Market Data

DAILY STEEL REPORT

Issue 1056, Wednesday, 18 Dec 2013

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

India: Low Iron Ore Supply improves Domestic Pellet Demand

December 17, 2013 Restriction in movement of Iron ore for 14

hrs (6 a.m. to 8 p.m.) by state

government in order to avoid road

congestion and only 70% of the raw

material been allowed to mine, out of the

total EC limit, has resulted in low Iron ore

supply in Odisha. One of the

manufacturers in eastern region

says, "I foresee a favorable demand

in Pellets till March because issues

around Iron ore availability

   is likely to remain unresolved. Pellet

exports should continue as INR is stable

at 62 against USD and demand from

Chinese buyers continues to be good.

Hence, domestic Pellet offers have

limited room for correction." Pellet Prices

in Odisha gain strength Domestic Pellet

offers which were stable at INR 7,200-

7,350/MT gain strength by INR 150 -

200/MT because of widening gap in de

Continued on page 6....

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

Iron Ore Lumps 2 Rungta, Odisha 6,800    0     +  200     +  400    

Iron Ore Fines 3 NMDC 2,810 +  200     +  200     +  300    

Scrap 1 Ex-Mumbai 23,300    0     +  1,200     +  800    

Pig Iron 2 Ex-Cuttack 23,750 NA     NA        0    

Sponge Iron 1 Ex-Raipur 20,200 +  100     +  400     -  500    

Billet 1 Ex-Mumbai 31,600    0     +  900        0    

TMT (Re-Bar) 1Ex-Delhi 34,600 +  300     +  1,400     +  300    

Ex-Chennai 34,300    0     +  900     -  400    

Structure 2 Ex-Mumbai 35,000    0     +  516     -  800    

Wire Rod 1Ex-Durgapur 32,400 +  200     +  800     +  400    

Ex-Raipur 33,400    0     +  700     -  100    

HRC 2 Ex-Ludhiana 37,200    0        0     +  200    

Silico Manganese 2 Ex-Raipur 52,750    0     +  500     -  1,000    

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

Manganese Ore 2 Ex Balaghat, MOIL 10,100    0     NA     NA    

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

Iron Ore Fines 1 China Imports 134    0     -  1     +  4    

Pellets 2 China Imports 172 +  2     +  5     +  8    

Coal (coking Coal) 2 Australia Exports 137 +  1     -  9     -  16    

Coal (met Coke) 2 India Imports 276 +  2     +  2     +  9    

Scrap 2 India Imports 355    0     +  7     +  14    

Scrap 2 Turkey Imports 399 +  2     +  9     +  36    

Pig Iron 2 India Exports 400    0        0     +  26    

HRC 2 China Exports 530 +  2     +  10     -  10    

Silico Manganese 2 India Exports 965    0     -  25     +  15    

Ferro Chrome 2 China Import ¢ 84/lb    0        0     -  2    

Manganese Ore 2 India Imports $ 4.5/dmtu NA     +  0.5     NA    

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

» Govt trying to fix Problems of the Odisha Mining Industry: Steel & Mines Secretary

» India: NMDC's 10 Advance E-auction, Iron Fines Price up by 82%

» CIL improves Coal Prices of Western Coalfields by 10%

» India: Odisha based Pellet Maker finalizes 30,000 MT Deal

SEMI FINISHED

» India: Increasing Freight hits North India Semi-Finish purchasing

» India: NINL's Pig Iron Offers gain INR 500/MT

FINISH

» India: Wire Rod Offers increased in Durgapur, Raipur remain same

FERRO ALLOY

» India: High Carbon Ferro Chrome Prices Flat due to Ongoing Weak Demand

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

Page 3: Steel Market Data

Iron Ore

Prices Including Royalty (Weekly Assessment,Prices last updated on: 2013-12-17,) , # 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: 2013-12-17, 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: 2013-12-17,W-o-W Changes are on the basis of FOB price,*Metcoke- W-o-W 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: 2013-12-17, 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: 2013-12-17,W-O-W -> Week On Week, M-O-M -> Month On Month

DAILY STEEL REPORT Issue 1056, Wednesday, 18 Dec 2013

PARTICULAR SIZE/GRADE DELIVERY PRICE W-O-W M-O-M 3M-O-M

Indian Iron Ore prices (in INR/MT) as on Week 51, 2013 ( 16 Dec - 22 Dec)

Rungta Mines 5-18MM, 63 F.O.R Siding 6,800    0     +  200     +  400    

Essel Mining Blue Dust/Fines, 63 F.O.R Siding 2,675    0     +  200     +  400    

Serajuddin 5-18MM, 63 F.O.R Siding 5,110    0        0        0    

Indrani 5-18MM, 63 F.O.R Siding 5,200    0        0     +  350    

NMDC 6-40MM, 65 F.O.R Siding 4,500 -     +  200     +  300    

Global Iron Ore prices (in USD/MT) as on date 17-Dec-2013   

Fe 63.5/63, India Iron Fines, 63.5/63 CNF China 136 -  4        0     +  5    

Fe 61.5, Australia Iron Fines, 61.5 CNF China 134 -  4     -  1     +  4    

Fe 63.5, Brazil Iron Fines, 63.5 CNF China 142 -  4     +  2     +  10    

Fe 59/58, India Iron Fines, 59/58 FOB Vizag 104 +  1        0     +  4    

Indian Pellets prices (in INR/MT) as on Week 51, 2013 ( 16 Dec - 22 Dec)   

Barbil 6-20MM, 63 F.O.R Siding 7,400 NA     +  300     +  100    

Raipur 6-20MM, 63 Ex-Works 8,050 NA     +  125     -  350    

Bellary 6-20MM, 62 Ex-Works 7,275 NA     +  137     -  85    

Global Pellets prices (in USD/MT) as on Week 51, 2013 ( 16 Dec - 22 Dec)   

China Import BF Grade CNF China 172 +  2     +  5     +  8    

India Export 6-20MM, DR Grade FOB East Coast 150    0     +  3     +  10    

Global Coal prices (in USD/MT) as on Week 51, 2013 ( 16 Dec - 22 Dec)   

Indonesian Thermal 3800 GAR FOB Indonesia 32    0        0     -  2    

Indonesian Thermal 4200 GAR FOB Indonesia 39.5 +  0.5     +  0.5     -  0.5    

Australia Premium HCC FOB Australia 137 +  1     -  9     -  16    

Australia Met Coke CFR India 276 +  2     +  2     +  9    

Indian Scrap prices (in INR/MT) as on date 17-Dec-2013   

Alang HMS(80:20) Ex-Yard 24,000 -  100        0     +  500    

Mumbai HMS(80:20) Ex-Yard 23,300 +  100     +  1,200     +  800    

Bhavnagar Ship Breaking Ex-Yard 25,600 +  100     +  1,000     +  200    

Chennai HMS(80:20) Ex-Yard 23,500 +  100     +  500     +  200    

Global Scrap prices (in USD/MT) as on Week 51, 2013 ( 16 Dec - 22 Dec)   

US Export HMS(80:20) FOB East Coast 308    0        0     NA    

Europe Export Shredded FOB Rotterdam 373 +  1     +  5     +  29    

Indian Import HMS(80:20), Europe CNF Mumbai 363    0        0     +  6    

Indian Import Shredded, Europe/Us CNF Mumbai 378    0        0     +  3    

Turkey Import HMS(80:20), Us CNF Turkey Major Port 399 +  2     +  9     +  36    

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

Page 4: Steel Market Data

Indian Semi Finished & Finished Market Assessment as on Date 18 Dec (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

DAILY STEEL REPORT Issue 1056, Wednesday, 18 Dec 2013

India: NINL’s Pig Iron Offers gain INR 500/MT December 17, 2013 MMTC Ltd, India’s largest international trading company, on behalf of

NINL, has revised Pig iron prices for domestic takers. Neelachal

Ispat Nigam Limited (NINL) is an Indian Government owned and

Nation's largest Pig iron producer in terms of 0.85 MnT pa installed

capacity. After 1.5 month's time, domestic Pig iron sales has been

resumed at prices higher by INR 500/MT. Sales of N3/Foundry grade

material remain closed. NINL's Pig Iron Prices w.e.f 17 Dec, 2013

Grade         Si%             Price (INR/MT) N1/Steel

       Up to 1.24   23,500 (+500) N2/Foundry  1.25-1.79    24,000 (+500)

(Basic Prices; Ex NINL Plant basis) Prices valid till 31 Dec            

 According to sources, "Neelachal Ispat has been concentrating on

overseas Pig iron sales as realizations from domestic sales

continues to stand on the lower side. Presently, the company's  Pig

iron stock position is about 20,000 MT only. In the recent past, NINL

has manufactured Pig iron

Continued on page 6....

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

North India

Mandi Gobindgarh 22,800 +  100     -     -     24,000 +  200     -     -    

Ludhiana -     -     -     -     -     -     29,800    0    

Ghaziabad -     -     -     -     -     -     -     -    

East India

Durgapur 19,200    0     18,200    0     24,100    0     24,300    0    

Rourkela 18,300 +  50     -     -     -     -     24,000    0    

Cuttack -     -     -     -     -     -     23,750 NA    

Central IndiaRaipur 20,200 +  100     19,000    0     22,800    0     24,800    0    

Raigarh 19,200 +  100     18,200 +  50     -     -     24,200    0    

West IndiaMumbai -     -     -     -     23,300    0     25,500    0    

Jalna -     -     -     -     23,750    0     -     -    

South India

Hyderabad -     -     19,300    0     23,000    0     24,500    0    

Chennai -     -     -     -     23,500 +  100     25,500    0    

Bellary 18,800    0     18,000    0     -     -     -     -    

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

North India

Mandi Gobindgarh 32,850    0     33,200 +  200     36,500 +  450     35,500 +  300    

Ludhiana 33,000 +  200     -     -     -     -     -     -    

Ghaziabad 32,000    0     -     -     34,400 +  300     -     -    

Muzaffarnagar 31,900 +  150     -     -     34,000 +  300     -     -    

East IndiaDurgapur 28,500 +  100     28,800 +  100     31,800 +  100     -     -    

Rourkela 27,600 +  100     28,100 +  300     30,900    0     -     -    

Central IndiaRaipur 28,300 +  50     28,800 +  100     31,900 +  100     31,700 +  100    

Raigarh 28,500 +  50     28,350 +  50     31,100    0     -     -    

West India

Mumbai 31,400    0     31,600    0     34,600 -  200     35,000    0    

Jalna -     -     30,700    0     34,800    0     -     -    

Ahmedabad 30,700 +  200     31,000    0     34,000 +  200     33,200 NA    

South IndiaHyderabad 30,300    0     30,500    0     33,800    0     -     -    

Chennai 29,800    0     30,700    0     34,300    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

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

Page 5: Steel Market Data

Structure Market Prices Weekly Assessment as on Week 51, 2013 ( 16 Dec - 22 Dec)

Weekly Assessment,Commercial Grade ,Excise Duty @ 12.36% ;VAT as applicable,# Prices including all taxes

Wire Market Prices Daily Assessment as on 18 Dec in (INR/MT)

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

TMT Market Prices Daily Assessment as on 18 Dec in (INR/MT)

Daily Assessment,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

DAILY STEEL REPORT Issue 1056, Wednesday, 18 Dec 2013

REGION CITY 40 ANGLE CHANGE M-O-M75

CHANNELCHANGE M-O-M

200 BEAM

CHANGE M-O-M

North India Ghaziabad -     -     -     -     -     -     35,600 +  200     +  808    

East India Durgapur 32,800 -  100     +  200     33,100 -  100     +  200     33,300 -  100     +  200    

Central India Raipur 31,700 +  129     +  318     31,500    0     +  376     32,000 -  86     +  306    

West IndiaAhmedabad 33,200 -  200     +  300     33,400 -  200     +  300     34,600 -  200     +  200    

Mumbai 35,000    0     +  516     36,000    0     +  516     36,200    0     +  516    

South India Hyderabad 33,500    0     +  1,067     34,000    0     +  1,067     -     -     -    

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

Wire Rod 5.5 MM 33,400    0     +  100     32,400 +  200     +  200    

Binding Wire 20 Gauge 38,800    0     +  100     39,250    0     +  650    

HB Wire 12 Gauge 35,200    0     +  100     34,400 +  150     +  150    

Barbed Wire 12x12 Gauge 41,400    0     +  200     -     -     -    

GI Wire 12 Gauge 39,800    0     +  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 17-Dec-2013   

North India

Ghaziabad 34,400 40,600 +  300     +  300     +  1,400     34,900

Mandi Gobindgarh 36,500 43,100 +  450     +  100     +  1,300     37,200

Delhi/NCR 34,600 40,800 +  300     +  300     +  1,400     35,100

Muzaffarnagar 34,000 40,100 +  300     +  300     +  1,400     34,500

East India

Rourkela 30,900 36,500    0        0     +  600     30,900

Durgapur 31,800 37,500 +  100        0     +  1,000     32,800

Patna 34,900 41,200    0        0     NA     36,400

Giridih 32,200 38,000    0        0     NA     32,200

Central India

Raipur* 31,900 36,900 +  100     +  100     +  1,000     31,300

Indore 37,200 43,900    0     +  200     +  2,000     36,800

Raigarh 31,100 36,700    0     +  200     +  1,200     30,500

West India

Jalna 34,800 41,100    0     +  200     +  800     33,200

Mumbai 34,600 40,800 -  200     -  200     +  1,100     34,600

Latur 35,100 41,400    0        0     NA     33,500

Ahmedabad 34,000 40,100 +  200     -  100     +  1,000     34,200

Goa 35,900 42,400    0        0     +  1,300     34,300

Jaipur 34,300 40,500 +  250        0     +  1,450     34,800

South India

Chennai 34,300 40,500    0        0     +  900     34,300

Hyderabad 33,800 39,900    0     +  300     +  1,200     32,800

Bangalore 36,100 42,600    0     +  400     +  1,700     36,300

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

Page 6: Steel Market Data

Indian Finished Flat Market Weekly Assessment as on Week 51, 2013 ( 16 Dec - 22 Dec) 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

DAILY STEEL REPORT Issue 1056, Wednesday, 18 Dec 2013

ZONES PLACE(CITY) HRC CHANGE CRC CHANGE

North IndiaDelhi/NCR -     -     -     -    

Ludhiana 37,200    0     42,000 -  300    

East India Kolkata -     -     -     -    

West IndiaMumbai 37,600 NA     42,000 NA    

Ahmedabad 38,900 NA     43,600    0    

South IndiaHyderabad 38,200 NA     -     -    

Chennai -     -     -     -    

India: High Carbon Ferro Chrome Prices Flat due to Ongoing Weak Demand

December 17, 2013 High Carbon Ferro Chrome prices remained unchanged this week

as demand was flat with market participants suggesting buying

interest have receded.   Current price for HC Ferro Chrome is

around INR 71,000-71,500 /MT (Ex-Works Odisha) for 60% Grade.

The price of HC Ferro Chrome in Raigarh is trading around INR

72,000 – 72,500 /MT. A purchase manager from an Indian stainless

steel mill remarked, “As buyers now we have more leeway to

request for lower prices and there’s a lot of material that sellers

   are trying to offload currently. It’s truly a buyer’s market right now

because supply outweighs demand. Overseas Market Spot High

Carbon Ferro Chrome prices stayed flat at 88 cents/lb CIF Japan

amid thin trade, as market participants monitored price negotiations

for first quarter 2014 contracts. An Indian trader said, “Most of the

Indian traders want to wait until the Indian rupee and the US dollar

rates stabilize.” Chinese import prices of Ferro Chrome and charge

chrome remained fl

Continued on page 6....

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 51, 2013 ( 16 Dec - 22 Dec)

Chrome Ore Friable 52-54% Ex-Barbil 13,315 NA     NA     NA    

Ferro Chrome Hc 60% Ex-Jajpur 71,250    0     +  250     -  2,250    

Ferro Manganese Hc 70% Ex-Durgapur 56,000 -  500     -  500     NA    

Ferro Silicon Hc 70-75% Ex-Guwahati 75,000    0     +  250     NA    

Manganese Ore 37.5% Lumps Ex-Balaghat 10,100    0     NA     NA    

Manganese Ore 44% Lumps Ex-Balaghat 13,176    0     NA     NA    

Silico Manganese 60-14 Ex-Durgapur 53,250 -  750     -  500     -  750    

Silico Manganese 60-14 Ex-Raipur 52,750    0     +  500     -  1,000    

Global Ferro Alloys prices (in USD/MT) as on Week 51, 2013 ( 16 Dec - 22 Dec)   

Chrome Ore Lumpy 36-38% CNF China 165 NA     NA     NA    

Ferro Chrome Hc 60% CNF China ¢ 84/lb    0        0     -  2    

Ferro Manganese Hc 75% FOB East Coast 960    0     +  10     -  20    

Manganese Ore 44% Lumps, Brazil CNF East Coast USD 4.9/dmtu NA     -  0.1     NA    

Manganese Ore 38% Lumps, S. Africa CNF East Coast USD 4.5/dmtu NA     +  0.5     NA    

Silico Manganese 65-15 FOB East Coast 965    0     -  25     +  15    

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

Page 7: Steel Market Data

DAILY STEEL REPORT Issue 1056, Wednesday, 18 Dec 2013

....Continued from page 1 mand and supply, low supply of sized Ore and Pellets in domestic market, rising fines prices, improved demand in Pellets and

uncertainty in raw material availability. A Barbil based manufacturer last sold Pellets at INR 7,400 (loaded to wagons); most of

them have closed sales because of limited stock available. Other Manufacturers maintain Price levels Central India based Pellet

producers maintain offers at .... for more visit http://www.steelmint.com/steelnews

India: Wire Rod Offers increased in Durgapur, Raipur remain same In Durgapur, Wire Rod manufacturers have increased their offers by INR 200/MT from yesterday’s trade as Billet prices increased by INR 100/MT. There was good buying for Billet from other states like Mandigobindgarh. SAIL is offering 5.5mm Wire Rod at around INR 38,000/MT in Durgapur, whereas local prices are higher by INR 200/MT. This is due to hike in billet prices. ... for more visit http://www.steelmint.com/steelnews

India: NINL’s Pig Iron Offers gain INR 500/MT MMTC Ltd, India’s largest international trading company, on behalf of NINL, has revised Pig iron prices for domestic takers. Neelachal Ispat Nigam Limited (NINL) is an Indian Government owned and Nation's largest Pig iron producer in terms of 0.85 MnT pa installed capacity. After 1.5 month's time, domestic Pig iron sales has been resumed at prices higher by INR 50... for more visit http://www.steelmint.com/steelnews

CIL’s 5 MnT Coal Import Tender did not receive much response Coal India Ltd (CIL), a major state owned Coal producer, looking out for imported Coal supplier, has received no interest from the participants. CIL has released the tender worth INR 30 billion on 15 Nov, 2013 for importing 5 MnT Coal on the basis of delivery at plant. At the closing time of the tender on Tuesday, passive interest has been seen from the participants. C... for more visit http://www.steelmint.com/steelnews

India: High Carbon Ferro Chrome Prices Flat due to Ongoing Weak Demand High Carbon Ferro Chrome prices remained unchanged this week as demand was flat with market participants suggesting buying interest have receded.   Current price for HC Ferro Chrome is around INR 71,000-71,500 /MT (Ex-Works Odisha) for 60% Grade. The price of HC Ferro Chrome in Raigarh is trading around INR 72,000 – 72,500 /MT. A purchase manager from an Indian s... for more visit http://www.steelmint.com/steelnews

India: Low Iron Ore Supply improves Domestic Pellet Demand Restriction in movement of Iron ore for 14 hrs (6 a.m. to 8 p.m.) by state government in order to avoid road congestion and only 70% of the raw material been allowed to mine, out of the total EC limit, has resulted in low Iron ore supply in Odisha. One of the manufacturers in eastern region says, "I foresee a favorable demand in Pellets till March because issues aroun... for more visit http://www.steelmint.com/steelnews

India: Tata’s Trombay Thermal Plant received Approval for Fuel Conversion Tata's Trombay thermal plant received approval for fuel conversion from the Expert Appraisal Committee (EAC), attached to the Union Ministry of Environment and Forests (MoEF). Now Tata Power can convert Low Sulphur Fuel Oil (LSFO) based Unit 6 (500 MW) to Coal fired plant, but on 15 conditions of committee. EAC nodded a good to go signal for fuel conversion on Novemb... for more visit http://www.steelmint.com/steelnews

China: Ample Reasons put a Dent on Iron ore demand Iron ore market  starts with a fee-ble opening , market witnessed a sharp decline of USD 2/MT on Monday. Prices of Seaborne Iron ore remain unchanged this morning. Ample of causes could be blamed for this down fall in prices of Iron ore. Pollution control dents the Iron ore market in China Fear of Power cut Low liquidity at the year -end Poor  demands in Winter ... for more visit http://www.steelmint.com/steelnews

India: Odisha based Pellet Maker finalizes 30,000 MT Deal An Odisha based Iron Pellet manufacturer with 0.9 MnT pa installed capacity (0.3 MnT pa plant in Jharsuguda & 0.6 MnT pa plant in Raigarh), has finalized a 30,000 MT Pellet (Fe 63) deal on ex-plant basis. The deal was finalized at INR 7,100/MT (ex works) with a Kolkata (West Bengal) based trader last week. This is the third deal between both the parties. Freight ... for more visit http://www.steelmint.com/steelnews

India: NMDC’s 10 Advance E-auction, Iron Fines Price up by 82% NMDC’s 10 advance e-auctions held on 10 Dec, 2013 gets an overwhelmed response by the bidders. Of a total 1,695 bids were made of which 7 won. A total of 360,000 MT, Iron ore Lumps and Fines were sold on ‘above the floor price’ in e-auction. There was an overall increase of 37% in booking price of Iron ore against the floor price. 78% of Iron ore was purchased by ... for

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

CIL improves Coal Prices of Western Coalfields by 10% Coal India Limited (CIL) has improved prices of Non-Coking Coal produced by its subsidiary Western Coalfields by 10 per cent. As a result, WCL will earn approximately an additional revenue of INR 140 crore (1.4 billion) for the balance period of FY14. Western Coalfield Limited (WCL), a subsidiary of CIL, has improved its prices by 10 per cent. This will be applicable for ... for more visit http://www.steelmint.com/steelnews

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Page 8: Steel Market Data

DAILY STEEL REPORT Issue 1056, Wednesday, 18 Dec 2013

 

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