We at SteelMint have evaluated Indian steel export offers to global market during week 44 along with weekly price analysis.
Steel export offers during week 44
| Particular | Grade | Size | Delivery | 29-Oct | 22-Oct |
| Iron Ore | 58/57% | Fines | FOB East Coast | $36-37 | $33-34 |
| Mill Scale | 70/68% | Fines | FOB West Coast | $44-45 | $43-44 |
| Pig Iron | Steel Grade | Lumps | FOB East Coast | $270-280 | $270-280 |
| Billet | IS 2831 | 150*150mm | FOB East Coast | $330-335 | $330-335 |
| Billet | IS 2830 | 100*100mm | FOB East Coast | $330-335 | $330-335 |
| Slabs | SAE1006 | 220-260mm | FOB East Coast | $340-345 | $340-345 |
| HRC | SAE1006 | 2-5mm | FOB West Coast | $435-440 | $430-435 |
| CRC | SPCC | 0.9-1.0mm | FOB West Coast | $500-520 | $480-500 |
| Plates | A 36, S235 | 10-20mm | FOB East Coast | $410-420 | $410-420 |
| Silico Manganese | HC 60-14 | Lumps | FOB East Coast | $860-880 | $820-840 |
| Ferro Manganese | HC 75% | Lumps | FOB East Coast | $800 | $760 |
Prices in USD/MT
Source: SteelMint Research
Trade highlights
1. Chinese spot iron ore prices increase this week.
2. Indian pellet (64% Fe ) export deal concluded at around USD 91-92/MT CFR China through tender.
3. Indian exporters hold slab export offers owing to better realisation in domestic market.
4. Indian plate export offers at USD 480-490/MT CFR Europe , equivalent to USD 445-455/MT FOB India, however no deals were reported.
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