Mysteel Global: China’s crude stainless steel production rebounded in October, showing a 0.2% increase compared to September, reaching 3.29 million tonnes (mnt). This recovery follows a dip in output the previous month, driven largely by higher production of 300- and 400-series stainless steels, which rose by 0.7% and 1.3%, respectively. In contrast, 200-series stainless output dropped […]
Indian primary mills have raised rebar list prices by up to INR 1,000/tonne (t) ($12/t) for early-November 2024 deliveries, sources informed BigMint. Post revision, list prices are hovering in the range of INR 54,500-55,500/t ($646-658/t) on landed basis. It should be noted that mills had announced interim price hikes in the previous month. In the […]
BigMint’s India pellet (Fe 63%, 3% Al) export index (FOB east coast) remained largely stable w-o-w at $98.5/t on 6 November 2024. No export deal was heard concluded so far in this publishing window. The stability in pellet export prices is further reinforced by the inability of Chinese buyers to match the competitive prices offered […]
Morning Brief: India’s manganese ore imports increased a sizeable 44% y-o-y in April-September of the current fiscal year (H1FY’25) to 3.76 million tonnes (mnt) against 2.62 mnt recorded in the corresponding period last year (CPLY). South Africa continued to remain the largest source of imports at 2.16 mnt (up 38% y-o-y) followed by Gabon, but volumes […]
In Bangladesh, UK-origin shredded scrap prices rose following global cues despite sluggish demand, LC constraints, and construction delays impacting the market. European HMS (80:20) was offered, while the containerised scrap market stayed quiet as major buyers favoured smaller deals. US bulk offers remained largely unviable. Market comments BigMint’s weekly assessments Around 2,500t of HMS (80:20) […]
South Asian ferrous scrap offers witnessed a slight uptick despite limited buying interest across markets. In India, bid-offer mismatches and festivities put a brake on seaborne scrap activity, though recent steel price hikes hint at a possible rebound in demand. Meanwhile, Pakistan’s imported scrap market showed slight gains amid limited local activity, bolstered by recent […]
Intersteelbd Article Credit: Bigmint
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 300/t to INR 35,600/t DAP on 4 November 2024.The steel market appeared to be stable in terms of demand, although transportation issues related to the ongoing festival season impacted scrap arrivals. Scrap traders tried to milk this opportunity and raise their offers […]
Indian silico manganese export offers declined by approximately $16/tonne (t) w-o-w, driven primarily by limited trade activity and persistent global challenges. BigMint’s assessment on 4 November 2024 revealed a downtrend: the 65-16 grade saw a sharp decline of $23/t to $900/t FOB, while the 60-14 variant fell by $10/t to $822/t FOB. Major producers in […]
BigMint’s India hot-rolled coil (HRC, SAE1006) export index (for the Middle East and Vietnam) remains stable amid weak global market sentiments. Prices are assessed at around $535/t FOB east coast, India. Market sentiments in the ME remained weak due to limited trade activities. Anti-dumping probes in the European Union (EU) along with weak demand in […]