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

  • Iron Ore & Pellets – Indian Fe 57% iron ore fines export index falls by $7 as discounts widen. JSW Steel 3rd pellet plant at Vijayanagar to start production by end Mar’21
  • Coal – Government opens door for sale of 67 coal blocks under second tranche
  • Scrap & Metallics – Tokyo Steel’s scrap purchase price at Kanto work hits one-month low. SteelMint’s benchmark sponge iron prices remain unchanged on modest demand
  • Semi-Finished Steel – SteelMint’s daily billet index drops by INR 100/t. Iranian mills await the outcome of billet export tenders for price trends
  • Finished Steel – Indian mills gear up for another price hike in flats
  • Ferro Alloys – Chinese Manganese ore imports decline by 16% m-o-m in Feb’21

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