Key market highlights you need to know to start your day

Iron ore & pellets:

• Odisha’s Essel Mining further raises iron ore lump and fines offer by INR 500 ($7) w.e.f 04 Apr’21
• SAIL Raw Material Division (RMD) achieves the highest ever iron ore production and despatches at 22.5 mn t & 22.8 mn t respectively in FY’21

Coal:

South African RB2 portside prices up by INR 300/t w-o-w ex-Gangavaram

Scrap & Metallics:

• Tata Metaliks hikes pig iron price by INR 2,500/t

Finished steel:

• JSW Steel increased flat steel price by upto INR 4,500/t ($61) for April

Ferro Alloys:

• South African Manganese Ore exports fall by 17.6% m-o-m in Feb ’21 due to production cut by heavy rainfall & low availability of containers