BigMint’s bi-weekly domestic pellet (Fe63%) index remained stable at INR 9,850/t ($113/t) DAP Raipur on 11 March 2025 compared to the previous assessment on 7 March. In this publishing window, around 35,000 t pellets (Fe62/63%) deals were concluded by Raipur based steelmaker at INR 9,600-9,800/t exw Raipur. Around 10,000 t higher grade pellet (Fe65%) also […]
The European Commission’s steel import policy will see significant adjustments from 1 April 2025. Suppliers of hot-dip galvanised (HDG) and cold-rolled coils (CRC) will face new limits within the “other countries” quota, varying between 13-25% based on the product. Additionally, the quarterly duty-free hot-rolled coil (HRC) quota will decrease by 12.1% to 1.9 million tonnes […]
Mysteel Global: Indonesia is working on a plan to raise royalties paid by mining companies in the country’s coal, nickel, copper, gold, silver and tin sectors, according to a public consultation document released by the mining ministry on 8 March. The proposal aims to enhance government revenue to fund President Prabowo Subianto’s spending plans, including a […]
BigMint’s billet index remained stable today at INR 40,050/t exw-Raipur on 7 March 2025. The billet index remained range-bound throughout the day, closing on a firm note, unchanged from yesterday’s closing. Modest buying activity was observed in the semi-finished and finished steel segments, though market participants faced volatility in spot offers on a d-o-d basis. […]
US ferrous scrap export offers rose amid strong demand from key markets, particularly Turkiye. Tight supply and firm seller sentiment pushed prices higher, with US-origin HMS 80:20 bulk scrap seeing gains across major destinations. FOB assessments (US East Coast, bulk) CFR assessments (bulk) Market updates on key importers Turkiye: Turkiye’s demand for US-origin ferrous scrap remains […]
India’s induction furnace (IF) steel prices increased d-o-d on 7 March 2025. Across markets, mills raised their offers by INR 50-200/tonne (t) compared to the previous trading session. Sponge iron offers rose INR 50-200/t d-o-d, with the sharpest hike of INR 200/t seen in the Raipur and Ramgarh markets. Billet tags moved up by INR […]
India’s Ministry of Coal has released a consultation paper proposing the establishment of a Coal Trading Exchange (CTE), inviting comments from stakeholders by 6 April 2025. Amid projections that India’s coal production will reach 1 billion tonnes (bnt) by FY’25 and exceed 1.5 bnt by 2030, the government seeks to implement policy reforms to enhance […]
India’s sponge iron prices increased by INR 50-200/tonne (t) d-o-d across key locations today. PDRI prices were assessed at INR 24,100-27,000/t at the close of trading, while CDRI tags stood at INR 26,600-31,000/t. Today, the market witnessed an uptrend, as robust bookings were recorded yesterday. This led suppliers to lift offers. However, an average transaction […]
Japanese H2 scrap export offers inched up w-o-w amid stronger demand, rising collection costs, and higher bids from buyers. Domestic FAS collection prices for H2 increased to JPY 40,000-41,000/t ($271-278/t) from JPY 39,500-40,500/t ($268-275/t) in the previous week. Additionally, lower H2 Japan-Vietnam freights made exports more competitive and boosted trade volumes. However, some mills remained […]
Mysteel Global: Tropical Cyclone Alfred, currently bearing down on the eastern Australian coast and shaping up to possibly be one of the most devastating of its kind in the recent half-century, is projected to affect Australia’s coal exports, sources noted. Cyclone Alfred is predicted to make landfall in southwestern Queensland, Australia, on 7 March, impacting areas […]