Key market highlights you need to know to start your day

Iron ore & pellets:

• Odisha Mining Corp to auction 1 mnt seized iron ore on 7th Apr’21

Coal:

• RB2 (5500 NAR) coal prices fall back to INR 6,850/t ex-Gangavaram as buyers retreat

Scrap & Metallics:

• Bid price in SAIL’s pig iron auction hits record high at INR 38,600/t exw Rourkela
• Japan’s monthly Kanto scrap export tender scheduled on 9th Apr’21

Semi-finished steel:

• SteelMint’s billet index falls by INR 200/t

Finished steel:

• India’s crude steel production falls by 6% to 102 mn t, finished steel exports rise by 29% to 10.7 mn t in FY’21
• JSPL records highest ever crude steel production & sales of of 7.51 mn t & 7.28 mn t respectively in FY’21
• SAIL floats export tenders for 18,500 t slab and 10,000 t HR plates from Rourkela plant
• APL Apollo hikes pipe prices by INR 2,500/t for Apr’21

Ferro Alloys:

• South African chrome ore exports up 16% m-o-m in Feb’21 on increasing stainless steel prices