Mysteel: China will continue implementing crude steel output control and promoting industry restructuring this year to advance the high-quality development of the steel sector, Mysteel Global learnt from a government report on the draft plan for national economic and social development in 2025, released on Wednesday during the highly anticipated Two Sessions meetings. China’s “Two Sessions” […]
Indian ferro silicon (70%) prices witnessed a slight decline of INR 700/t ($8/t) as compared to the previous assessment on 24 February. Prices edged down as sellers aligned their offers with Bhutan’s March prices of INR 100,000/t ($1,145/t) exw. As per BigMint’s assessment on 3 March, ferro silicon prices in India were INR 100,000/t ($1,145/t) […]
India’s induction furnace (IF) route rebar prices rose in February 2025. Rebar (Fe 500) prices showed an increase in the range of INR 100-2,000/tonne (t) m-o-m, as per BigMint. In the first half of the month, buyers were hesitant due to a lack of confidence and market clarity. However, in the second half, demand increased […]
India’s induction furnace (IF) steel prices fluctuated today, in a wide range of INR 50-400/tonne (t). Sponge iron offers largely rose, by INR 50-250/t d-o-d. The highest increase of INR 250/t was seen in the Raipur and Raigarh markets. Billet prices surged by INR 100-400/t d-o-d in many regions except in Ramgarh and Durgapur where […]
BigMint’s billet index increased by INR 350/tonne (t) today to INR 40,150/t exw-Raipur on 4 March 2025. The index saw a rise today, driven by improved buying activity in the semi-finished and finished steel segments. Stronger demand provided support to spot offerings, encouraging participants to secure bookings actively. Market participants were seen stocking up in […]
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 100/tonne (t) d-o-d to INR 36,500/t DAP on 4 March 2025.The Mandi steel market experienced a range-bound price trend, with mills anticipating that ingot prices in the near term will remain within the range of INR 42,100-42,800/t. Raw material price updates Prices […]
Indian silico manganese export offers remained stable w-o-w amid limited market inquiries. Additionally, the market is experiencing a phase where buyers are demanding lower prices during negotiations, putting downward pressure on offers. Despite a balanced supply-demand equation, this results in minimal fluctuation in export prices. BigMint’s assessment on 4 March 2025 of export prices of […]
Raipur pellet prices started the week on a stable note, supported by active transactions and rising sponge iron and semi-finished steel prices over the past week. Market participants reported moderate buying interest as several buyers had already secured materials in previous weeks and were awaiting deliveries. BigMint’s bi-weekly domestic pellet (Fe63%) index remained stable at […]
South Asia’s imported scrap markets remained subdued, weighed down by sluggish demand, liquidity constraints, and cautious buying amid Ramadan. Offers for UK-origin shredded remained unchanged d-o-d in Pakistan and Bangladesh, while they edged down by $1/tonne (t) in India. India faced a persistent bid-offer gap amid weak steel demand, while Pakistan saw limited activity as […]
BigMint’s India hot-rolled coil (HRC) (SAE 1006) export index (for the Middle East and Vietnam) dropped by $10/t w-o-w to $495/t FOB east coast India against $505/t last week. Some recent export deals from India to the Middle East (ME) were seen as demand in this geography has improved slightly. European demand continues to face […]