Seven things you need to know to start your day – SteelMint

  • IRON ORE & PELLETS – Indian pellet export index falls by $1, market quiet on price volatility & awaited impact of Suez Canal blockage
  • COAL – Coal Ministry set to initiate second tranche of commercial mining auction
  • SCRAP & METALLICS – Deals of around 12,000t Indian sponge iron export reported for Bangladesh, prices firm at $410-415/t CFR Chittagong
  • Imported scrap trades in containers improve in Bangladesh on limited bulk scrap offers
  • SEMI-FINISHED STEEL – SteelMint’s daily billet index drops by INR 250/t
  • FINISHED STEEL – Indian HRC prices rise by Rs 1,500/t ahead of price announcement from mills for April
  • FERRO ALLOYS – Indian Ferrochrome prices fall on financial year-end lull

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