SteelMint Steel Daily Issue 960, Wednesday, 28 Aug 2013
Market Highlights India: Import offers come down on weak currency S.Korea: POSCO Raises HRC Prices on Cost Escalation India: CIL to Produce 482.00 MnT Coal During Current Year Australia: Newcastle Port Shipment increased by 15.59% W-o-W Indian Metal Recycling Association looks for Removal of Special Additional Duty on Imports of Scrap
STEEL PRICE SNAPSHOT AS ON 27-AUG-2013 Price ( /MT) Change ( /MT) Spot Market (Raipur) Sponge 19600++* + 500 Scrap (HMS) 22500++ 0 Pig Iron 23500++ 0 MS Ingot 28100++* + 800 Billet 28700++* + 700 Rebar/TMT (12MM) 31750++ + 1250 Wire Rod (5.5MM) 38200# + 800 Price ( /MT) Change ( /MT) Futures Market NCDEX 31430 + 390 International Market Price ($/MT) Change ($/MT) Shanghai Rebar (YUAN/MT) 3818 + 5 HMS Scrap 80:20 (FOB Europe) 348 + 4 Iron Ore Fines (Fe 63.5 CNF China) 138 + 4 Iron Ore Forward Swaps Fe 62 (SGX) 136.5 - 0.5 ++ Basic Price; ED & Taxes extra * Payment Next Day
MS INGOT/BILLET
MS INGOT & BILLET PRICES IN
Semi Finish price rally continue, buyer remain cautious. 27-Aug-13 , 13:57
Semi finish steel price that has increased yesterday by 2.7% across Mandi's continue to remain bullish as seller raise offer by 2%. SteelMint learned from market participant that price may see small correction due to delivery issue of lower price, payment issue, increasing production that was low in last week and high cost of raw material will pressure the demand and supply. Raipur Re-bar manufacturer today raised offer by 2.5-3% this is a consecutive rise in offer from yesterday, when mill owner has raised price by 3%. "We are cautious at this price as sudde..... for more please visit www.steelmint.com
Indian Billet Offers move up to $20/MT in Last One Week 27-Aug-13 , 13:53
Billet prices up by Rs 1,300/MT ($20)
/MT AS ON 27-AUG-2013 Ingot Billet Place Price Change Price AHMEDABAD 28900++ + 400 BANGALORE 32800# 0 BHIWADI 29500-600++ + 500 CHENNAI 33000+ 0 33500+ DURGAPUR 27600++*,32300# + 500 28100++*,32900# GHAZIABAD 30100++* + 400 HYDERABAD 29000++ + 200 29300-500++ JAIPUR 29100++ + 300 29600++* JALNA NA 29200++* KOLKATA 27900++* + 500 28400++* LUDHIANA 31600++ + 300 MANDI GOBINDGARH 31200++ + 400 31400-500++ MUMBAI 29900++* + 700 29900++* MUZAFFARNAGAR 34100+ + 400 RAIGARH 27600++ + 500 28000++* RAIPUR 28100++* + 800 28700++* ROURKELA 26300++, (VAT):30200# + 300 26600++* ++ Basic Price; ED & Taxes extra * Payment Next Day # Including all
Indian primary steel players focusing more on exports Rupee at all time low of 65.93/USD CIS billet offers at around $513/MT FOB Black Sea ..... for more please visit www.steelmint.com
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