aluminium
Aluminium

India: Imported aluminium scrap prices edge down w-o-w ahead of Diwali

Imported aluminium scrap prices in India remained rangebound with slight downfall in prices w-o-w. Although buying interest was weak, bid-offer disparity was seen despite rangebound levels in LME aluminium prices. BigMint’s benchmark assessment for tense scrap originating from the UAE was at $1,770/t, slightly lower w-o-w, and for zorba 95/5 from the UK at $2,070/t, both […]

Metal
Scrap & Metalics

Base metals prices on LME show divergent trends; stocks see mixed movements

Base metals prices on the London Metal Exchange (LME) threw up mixed trends, with lead witnessing the highest increase of 2.45%. Meanwhile, stocks at LME-registered warehouses showed mixed movements with zinc gaining 1.54%. COMEX market update Copper prices on the COMEX market remained stable settling at $9,603/tonne (t) compared to the previous close. Indian market […]

metals
Scrap & Metalics

Weekly round-up: Domestic base metals prices show divergent trends amid festive season

At the close of trading, base metals prices on the London Metal Exchange (LME) showed negative trends, with lead recording the sharpest drop of 0.92% w-o-w. Meanwhile, LME warehouse stocks exhibited mixed trends, with nickel increasing by 11.27% w-o-w. On the LME, three-month aluminium futures decreased by 0.46% w-o-w to $2,600/tonne (t), and nickel prices […]

Others

India: Odisha iron ore fines index remains stable despite muted trades during Diwali

Odisha’s iron ore market remained stable this week as market participants took a break from trading activities due to the Diwali festivities. Iron ore prices stayed at last week’s levels, with minimal fluctuations observed as miners, traders, and buyers largely remained away from the market. Trades were mostly on hold, as buyers showed no interest […]

SAIL
Others

India: How is SAIL planning to cut CO2 emissions amid massive surge in steel production? BigMint explores

Morning Brief: As part of its pledge to achieve net-zero carbon emissions by 2070, India is committed to a set of Nationally Determined Contributions (NDCs). SAIL planning to cut CO2, Some of India’s most ambitious commitments in the short- to mid-term include 1 billion tonnes (bnt) of cumulative emissions reduction and achieving 50% of renewables capacity […]

MOIL
Others

India: MOIL lowers manganese ore prices up to 7% m-o-m for Nov’24

India’s leading manganese ore producer, MOIL, has announced new prices effective 1 November 2024. Grades above 44% will experience a 7% price reduction, while grades below 44%, including SMGR and fines, will be lowered by 1% m-o-m. Factors impacting MOIL’s price revision Imported ore prices drop m-o-m: Monthly average prices of South African manganese ore (Mn37%) […]

registering
Others

Europe: EC starts registering HRC imports from 4 countries for AD probe

Mysteel: The European Commission (EC) has begun registering the import volumes of certain hot-rolled flat steel products from Egypt, India, Japan and Vietnam, which are under its ongoing anti-dumping (AD) investigations, Mysteel Global learnt from the EU’s Official Journal published on 25 October. This import registration, which will last nine months, allows for retroactive collection of […]