The South Asian ferrous scrap market held steady d-o-d despite Indian buyers remaining inactive due to the Dhanteras holiday. Pakistani buyers took a cautious approach amid a cooling domestic steel market and the arrival of earlier booked scrap at competitive rates. Meanwhile, Bangladeshi buyers stayed on the sidelines, affected by halted construction activities and a […]
Thermal coal or non-coking coal stocks at Indian ports decreased marginally by 2.3% to 12.46 million tonnes (mnt) in week 43 from 12.75 mnt in week 42, according to BigMint’s data. Company-wise break-up Port-wise break-up Market overview: Portside prices of South African thermal coal in India remained stable last week, with RB2 (5500 GAR) at INR […]
Imported ferrous scrap offers to Pakistan softened by $10/tonne (t) this week amid limited demand, with BigMint’s weekly assessment of European shredded pricing it at $390/t CFR Qasim, down from $400/t CFR a week ago. As per market insiders, Pakistani buyers have become more cautious as previously contracted materials are now available at more competitive […]
PELLEX falls prices in Raipur fell this week, as local suppliers and those in Odisha reduced their offers. However, the decline in prices failed to elicit any active response from buyers. Purchasing activity has largely stalled due to the ongoing festive season and weak market sentiment in the sponge iron and semi-finished steel segments. BigMint’s […]
BigMint’s India hot-rolled coil HRC export index (for the Middle East and Vietnam) resumed after six months amid recent deals. Current prices are at $535/t FOB east coast India. An Indian steel major booked 20,000-25,000 tonnes (t) of HRCs for the Middle East (ME). However, European demand remained subdued due to sluggish market sentiments and […]
Mysteel: Chinese buyers showed increased interest in Indonesian thermal coal with low calorific value (CV) on 25 October, considering its significant price advantages over comparable domestic cargoes, sources noted. On 25 October, Mysteel assessed Indonesian 3,800 kcal/kg NAR thermal coal prices at $54/t FOB Kalimantan, unchanged since 15 October. This can be translated into RMB 492.4/t […]
The iron ore market in Odisha saw restricted buying interest this week with miners raising prices following OMC’s auction. Trading volumes remained subdued due to weak demand from sponge iron makers and a downturn in the export market. BigMint’s Odisha iron ore fines (Fe 62%) index remained stable w-o-w to INR 5,600/t ($67/t) ex-mines on […]
Imported manganese ore prices to India remained relatively stable this week, with major manganese ore producers adjusting their output to tackle weak market sentiments. Price trends Market overview Smelters maintain cautious approach: Indian smelters exercised caution regarding manganese ore procurement, opting to rely on existing inventories to meet their immediate operational requirements. This measured approach, combined […]
Japanese H2 scrap export offers climbed w-o-w, driven by recent deals concluded for Taiwan, where mills favoured competitively priced Japanese scrap over US bulk cargos. Additionally, domestic H2 collection prices in Japan rose, adding upward pressure on export offers. Limited deep-sea cargo interest from Vietnam and South Korea further restricted buyer options, lending additional support […]
The US ferrous scrap export index has experienced a w-o-w decline, primarily due to weakened demand from Turkiye, which is currently focusing on pushing the imported price down amid cheap availability of European material. Additionally, the falling EU exchange rate is likely to support European suppliers in lowering their offers for Turkiye further impacting the […]