Iron ore & pellets:
- NMDC hikes iron ore price from Chhattisgarh mines for Apr. Price of high grade DR CLO has been increased by INR 580/t, Baila lump by INR 500/t and that of fines by INR 250/t.
- SteelMint’s pellet index – PELLEX rises by INR 600/t as offers hit record high
Coal:
- Amendment to MMDR Act: Coal sales from captive mines to attract additional premium
Scrap & Metallics:
- Indian sponge iron export prices rise by $25 w-o-w in recent deals for Bangladesh
- Vedanta hikes foundry grade pig iron offers by INR 2,000/t for Apr
- Imported shredded scrap price in Pakistan rises by $10-15 in recent deals of 20,000 t. Indian market observes limited trades
Semi-Finished steel:
- SE Asia: Imported billet prices surge by $15-20 w-o-w
- SteelMint billet index increases by INR 500/t on active trades
Finished steel:
- SAIL recorded its best ever quarterly performance in both production and sales at 4.55 mn t and 4.27 mn t respectively in Q4 FY’21
- IF grade rebar prices increase further on higher raw material cost
Ferro Alloys:
- Indian Silicomanganese prices maintain a positive trend amidst robust orders
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