Morning Brief: India’s ferrous scrap generation is expected to grow by 8% y-o-y to 32 million tonnes (mnt) in FY’25, up from 29.7 mnt in FY’24, according to BigMint estimates. Total ferrous scrap consumption is projected to reach 40.4 mnt, widening the domestic supply deficit to 8.4 mnt. To bridge this gap, India is likely to […]
South African thermal coal exports experienced a significant decline in February 2025, totalling 4.50 million tonnes (mnt), a 24% drop compared to 5.94 mnt in January. This marks a 13% year-on-year (y-o-y) decrease from 5.16 mnt in February 2024. Monthly export volumes have fallen to the lowest since July’24, as per data maintained with BigMint. […]
Turkish deep-sea scrap prices rose by $8/tonne (t) w-o-w as sellers held firm amid a stronger euro. However, Turkish mills showed resistance, with activity remaining slow on extremely high rates from US-based suppliers. Although the market appeared to be quiet, there were several discreet bookings, which indicates sustained demand beneath the surface. Some Turkish mills, […]
The South Asian imported ferrous scrap market showed mixed trends, with India, Pakistan, and Bangladesh remaining subdued due to weak demand and Ramadan-related slowdowns. Buyers remained cautious amid a bid-offer gap, while Turkiye saw firmer sentiment driven by rising FOB prices and resilient seller expectations. Overview India: Imported scrap demand in India stayed lukewarm, with buyers […]
Pellet prices in Raipur remained largely stable this week, with buyers staying cautious and refraining from bulk purchases. Market participants put up limited inquiries, as most buyers adopted a wait-and-watch approach. Pellet producers, on the other hand, kept their offers unchanged, reflecting the overall subdued market sentiment. BigMint’s bi-weekly domestic pellet (Fe63%) index remained stable […]
Thermal coal inventories at Indian ports dropped by 6.5% (w-o-w) to 12.08 million tonnes (mnt) in week 10 of CY’25, down from 12.92 mnt in the previous week, according to data from BigMint. Port-wise inventory breakdown Among key ports, stocks at Paradip declined slightly by 3.5% to 1.53 mnt from 1.59 mnt, while Magdalla saw […]
BigMint’s India hot-rolled coil (HRC, SAE1006) export index (for the Middle East and Vietnam) remained stable w-o-w amid recent export deals from India to the Middle East (ME). Current prices are at $495/t FOB main port India. Vietnamese buyers are prioritising domestic HRC despite hike in mill prices. The European market is facing sluggish conditions […]
Pakistan’s imported ferrous scrap market remains sluggish this Ramadan, in stark contrast to last year. The UK/EU-origin offers stand at $385-390/t CFR Qasim, with bids at $378-380/t — a widened spread and weak buying sentiment. Over the weekend, inquiries improved slightly as shredded offers climbed to $385-395/t, supported by rising freight costs and currency fluctuations. […]
Morning Brief: China’s steel industry emissions increased by over 4% in 2024, according to data by the China Iron & Steel Association (CISA). Data for direct CO2 emissions were not available, although emissions volumes of other GHGs such as sulphur dioxide, nitrous oxide, as well as particulate matter were declared. In CY’24, Chinese crude steel production […]
Mysteel Global: Feng Hsin Steel, Taiwan’s largest rebar producer, headquartered in Taichung in central Taiwan, has decided to roll over its rebar list prices and buying prices for local scrap for transactions over March 10-14, according to a company official. For the business discussions till this Friday, the Taiwanese mini-mill continues to offer its 13mm dia […]