Key market highlights you need to know to start your day

Iron ore & pellets:

  • Eastern India based pellet maker concludes a 55,000 t pellet (Fe 63%, 4% Al) export deal at $207-208/t CFR China
  • OMC to re-auction 1 mn t seized iron ore on 13th Apr’21
  • KIOCL achieves best-ever quarterly production in Q4, pellet production stands at 0.71 mn t, up by 7% y-o-y

Coal:

  • 5,000 t RB2 (5500 NAR) coal trades at INR 7,550/t ex-Haldia

Scrap & Metallics:

  • SAIL auctions off over 80,000 t of pig iron in Mar’21 as prices firm up
  • Tata Metaliks raises basic grade pig iron price by INR 900/t
  • Imported scrap prices in Turkey rise by $5 in recent deals
  • 1,000 t pooled iron booked at INR 37,150/t exw in recent Vizag Steel’s auction

Semi-finished steel:

  • SteelMint’s billet index falls by INR 500/t on limited trades
  • Iranian billet export prices hit all-time high of $570/t FoB in a recent deal

Finished steel:

  • Indian HRC trade prices hit all-time high after mills lift offers for April
  • AM/NS India further lifts HRC and CRC price by INR 1,000/t

Ferro Alloys:

  • Indian ferrochrome prices fall by INR 3,500/t w-o-w on evaporating Chinese demand
  • Odisha’s IDCOL floats sale tender for 1,270 t HC ferrochrome

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