steelmint market update

SteelMint Intel : 12 Mar ’21

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  • RB2 portside COAL offers up to Rs 5,800-5,900/t ex-Gangavaram but buyers yet to accept : CoalMint
  • Spot steel prices rise. P-DRI at Rs 27,500-600/t, REBAR Rs 42,500-700/t, WIRE ROD at Rs 41,800-42,100/t & ERW Patra based PIPE(41-60 OD) at Rs 44,800/t exw Raipur
  • Indian domestic HRC trade price increases on demand recovery https://bit.ly/3td766c
  • Steel dispatches from POSCO-Maharashtra plant affected due to local unrest
  • Indian high-grade GRAPHITE ELECTRODE prices increase by 12% in March
  • APL Apollo raises PIPE price by Rs 1,000/t for Mar’21 sales
  • South Korea’s Hyundai Steel cuts bid for Japanese SCRAP by $14

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