Mysteel Global: China has passed the long-awaited Energy Law, aiming to boost the country’s transition in the energy industry, Mysteel Global has learned. To take effect on 1 January 2025, the new law fills a legislative gap in establishing a comprehensive regulatory framework for the energy sector, according to Chinese analysts. The development in this area […]
Imported manganese ore prices have recently seen a slight increase after a period of stability despite softening demand for manganese alloys. Market overview Global manganese ore prices rise: The downstream manganese alloys market is currently characterised by uncertainty, leading to a cautious sentiment. Participants are adopting a wait-and-see approach due to fluctuating demand. To counter low […]
Morning Brief: The new US President-elect played a skilled and winning hand, flashing out his trump card of “MAGA”-Making America Great Again”. Waiting and watching was China, yet another country amongst the most powerful in the global trade arena, apprehending a new US tariff regime in which it could be the worst hit. China has reasons […]
This week, the South Asia ship recycling markets showed mixed trends. India’s market slowed due to a scarcity of tonnage and competition from Bangladesh, which surpassed India in vessel pricing. Pakistan’s market struggled, with nil activity at Gadani, hindered by economic instability and a dollar shortage. Meanwhile, Bangladesh showed signs of recovery, with several Panamax […]
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 […]
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 […]
The global ferrous scrap market was muted this week. Prices ranged from $363/t CFR (Turkiye) to $395/t CFR (China) in the week under review, edging down by 1-2% w-o-w in key locations. In Turkiye, imported scrap prices fell amid softer domestic rebar sales. Meanwhile, India’s market remained quiet due to the Diwali holidays, resulting in […]
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 […]