Inter Steel Bangladesh
Towards the beginning of February 2025, Reliance Industries Ltd (RIL) raised its pet coke prices by INR 902/tonne (t) m-o-m to INR 13,450/t compared to January’s INR 12,548/t. RIL is releasing very limited quantities in the market for sale as the company is consuming a major portion of its production of pet coke in its […]
SteelDaily: The combined ferrous scrap inventory of eight major South Korean steel mills fell by nearly 11% w-o-w to 619,000 t, marking the sixth consecutive week of decline. Ferrous scrap inventories at domestic steelmakers are declining rapidly, sparking concerns over supply and demand instability. The central region saw a sharper decline of 18% w-o-w, while the […]
Indian tier-1 mills raised rebar list prices by INR 500-1,000/tonne (t) ($6-12/t) for early-February 2025 compared to end-January 2025 levels, sources informed BigMint. Post revision, list prices hovered at around INR 52,000-53,000/t ($594-605/t) on a landed basis. It should also be noted that rebar inventories with mills declined by around 20% m-o-m in early-February 2025, […]
Bangladesh’s imported containerised scrap prices witnessed an uptick this week as the global scrap market is moving north amid a supply crunch. Workable levels for Bangladesh stood $5-6/t below the offers for containerised scrap. On the other hand, bulk scrap prices from the US and Japan witnessed mixed trends, with buyers remaining slow amid weak […]
India’s induction furnace (IF) steel prices surged on 27 January 2025. Across markets, mills raised their offers by INR 100-700/tonne (t) compared to the previous trading session. Sponge iron prices rose by INR 200-600/t d-o-d, with the steepest increase seen in the Raipur market. Billets increased by INR 300-600/t d-o-d, with the highest rise of […]
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, climbed up by INR 500/tonne (t) d-o-d to INR 37,200/t DAP on 27 January 2025. In today’s trading session, the Mandi steel market experienced a positive shift, as buyers actively engaged in purchases. This led to an uptrend in both the semi-finished and finished steel […]
BigMint’s billet index increased by INR 600/tonne (t) d-o-d to INR 39,400/t exw-Raipur on 27 January 2025. The index experienced a significant increase today, driven by positive market sentiments and improved buying activity in both the semi-finished and finished steel segments. This momentum supported higher spot offers throughout the day. In Raipur, rebar prices surged […]
India’s sponge iron prices climbed up by INR 150-600/tonne (t) across regions. Procurement of sponge iron increased amid an improvement in buying activity in the semi-finished and finished steel segments. Sponge iron suppliers lifted offers amid higher demand for the material. PDRI prices stood at INR 23,600-26,100/t today, while CDRI tags were assessed at INR […]
The South Asian ferrous scrap markets were largely stable d-o-d, with limited activity across India, Pakistan, and Bangladesh. India witnessed some transactions, though weak demand and competitive domestic prices kept the market subdued. Additionally, Bangladesh and Pakistan saw no major price movements amid limited activity. Notably, UK-origin shredded was down by $2/tonne (t) in India […]
Morning Brief: India’s manganese ore imports rose a moderate 15% to 6.22 million tonnes (mnt) in calendar 2024 (CY’24) compared to 5.40 mnt recorded in 2023. On a m-o-m basis, volumes were up 21% to 0.51 in December 2024 mnt against 0.42 mnt in November. The lower grades saw the highest y-o-y increase. Those below 35% […]