We at SteelMint have evaluated Indian steel export offers to global market during week 43 along with weekly price analysis.
Steel export offers during week 43
| Particular | Grade | Size | Delivery | 22-Oct | 15-Oct |
| Iron Ore | 58/57% | Fines | FOB East Coast | $33-34 | $31-32 |
| Mill Scale | 70/68% | Fines | FOB West Coast | $43-44 | $40-42 |
| Pig Iron | Steel Grade | Lumps | FOB East Coast | $270-280 | $245-250 |
| Billet | IS 2831 | 150*150mm | FOB East Coast | $330-335 | $330-335 |
| Billet | IS 2830 | 100*100mm | FOB East Coast | $330-335 | $340-345 |
| Slabs | SAE1006 | 220-260mm | FOB East Coast | $340-345 | $340-345 |
| HRC | SAE1006 | 2-5mm | FOB West Coast | $430-435 | $435-440 |
| CRC | SPCC | 0.9-1.0mm | FOB West Coast | $480-500 | $500-520 |
| Plates | A 36, S235 | 10-20mm | FOB East Coast | $410-420 | $400-410 |
| Silico Manganese | HC 60-14 | Lumps | FOB East Coast | $820-840 | $770 |
| Ferro Manganese | HC 75% | Lumps | FOB East Coast | $760 | $760 |
Prices in USD/MT
Source: SteelMint Research
Trade Highlights:
1.Chinese buyers seek more discount from Indian Iron ore as they prefer high grade over low grade
2.No Pellet export deal was heard this week but expected that JSPL may come with tender in first week of November
2.Vizag steel concludes 150*150mm Billet at USD 335/MT FOB Vizag Port (India East Coast). Cargo likely to be shipped to Bangladesh
3. Vizag steel’s 90*90mm Billet receives bid at USD 360/MT (Ex-Plant) from Nepal based buyers
4. Vizag steel’s 5.5mm Wire Rod receives highest bid at USD 431/MT (Ex-Plant) for Nepal
5. No fresh export deal was heard for HRC and CRC from India.
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