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

Iron ore & pellets:

  • Odisha’s Essel Mining hikes lump offer by INR 1,200/t and fines by INR 725/t
  • Odisha Mining Corp’s auction for 1.13 mnt lump receives aggressive participation, bids rise by upto INR 1,600/t over the set base price
  • Indian pellet export index rises by $2, trades remain muted

Coal:

  • RB2 portside coal prices remain firm post holidays

Scrap & Metallics:

  • India’s domestic steel scrap index jumps by INR 1,100/t
  • Imported scrap offers in South Asia up by $5-10 tracking Turkey price gains

Semi Finished steel:

  • SteelMint billet index increases by INR 1,500/t on improved trades
  • Iranian billet export price up by $5-10 in recent deals

Finished Steel:

  • Indian HRC export index rises by $42 in recent deals

Ferro Alloys:

  • MOIL increases manganese ore prices by 5% for Apr ’21
  • China’s TISCO reduces purchase price of HC ferrochrome RMB 350/t for Apr ’21

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