DAILY STEEL REPORT
Issue 1116, Thursday, 27 Feb 2014

Indian Government to allocate Coal Blocks
to Non Power Sectors
India...
DAILY STEEL REPORT
Issue 1116, Thursday, 27 Feb 2014

Iron Ore
PARTICULAR

SIZE/GRADE

DELIVERY

PRICE

W-O-W

M-O-M

3M-O...
DAILY STEEL REPORT
Issue 1116, Thursday, 27 Feb 2014

Indian Sponge Iron Prices under pressure on Cheaper Imports of
Scrap...
DAILY STEEL REPORT
Issue 1116, Thursday, 27 Feb 2014

Structure Market Prices Weekly Assessment as on Week 09, 2014 ( 24 F...
DAILY STEEL REPORT
Issue 1116, Thursday, 27 Feb 2014

Indian Finished Flat Market Weekly Assessment as on Week 09, 2014 ( ...
DAILY STEEL REPORT
Issue 1116, Thursday, 27 Feb 2014

Trade Wise
Finish Flat : Indian Steel Corporation offers GP(0.4 MM)a...
DAILY STEEL REPORT
Issue 1116, Thursday, 27 Feb 2014

Indian Sponge Iron Prices under pressure on Cheaper
Imports of Scrap...
DAILY STEEL REPORT
Issue 1116, Thursday, 27 Feb 2014

REPORTS

SERVICES

Daily Steel Report

Steel Prices

Market Tracker
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February steel report
February steel report
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February steel report

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February month's steel report with exclusive data of prices around various part in India.

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February steel report

  1. 1. DAILY STEEL REPORT Issue 1116, Thursday, 27 Feb 2014 Indian Government to allocate Coal Blocks to Non Power Sectors Indian Government began the procedure around 267.91 MnT Coking Coal for SteelFeb 26, 2014 18:47 for allocating Coal blocks to non power (Blast Furnace). 2. Andal Babuisol of sector invites Raniganj Coalfield, West Bengal having applications for the allocated blocks for Sponge Iron. 3. Tokisud-II of South end users. The Ministry of Coal has Karanpura Coalfield, Jharkhand having offered three Coal blocks for the auction Geological Reserves of around 127.7 MnT which are as follows: 1. Jhirki & Jhirki for Cement. The bidders are required to (West) bid above the prescribed floor price. The » China: Iron Ore Prices fall to 8 month low on Negative Outlook Geological Reserves of around 103.8 MnT through competitive bidding for specified RAW MATERIAL for the of first East time. Bokaro It Coalfield, Jharkhand having Geological Reserves of » Indian Government to allocate Coal Blocks to Non Power Sectors » India: Private Firms gets Time for Coal Block Clearance » India: CEC to visit Odisha Mines in March SEMI FINISHED detailed documents i » India: Pig Iron Prices in a Firm Position Continued on page 6.... » India: Goa based Exporter sold Pig Iron to Saudi Arabia Snap Shot - Indian Domestic Prices (INR/MT) COMMODITY PARTICULAR 2 M-O-M 3M-O-M Rungta, Odisha Ferro Chrome 2 Manganese Ore 2 + 800 + 3,000 24,000 - 250 - 500 NA 21,200 - 50 + 800 + 700 32,400 0 - 600 + 700 35,800 0 + 1,500 + 2,000 36,500 0 - 900 + 3,100 36,200 0 + 80 + 1,143 34,300 - 200 - 200 + 1,800 34,800 - 200 - 200 + 1,200 38,300 0 + 300 + 1,100 Ex-Raipur 54,500 0 + 500 + 1,750 Ex-Jajpur Silico Manganese 0 Ex-Ludhiana 2 25,500 Ex-Raipur 2 + 300 Ex-Durgapur Wire Rod 1 + 100 Ex-Mumbai Structure 2 + 100 Ex-Chennai TMT (Re-Bar) 1 2,910 Ex-Delhi Billet 1 0 Ex-Mumbai Sponge Iron 1 0 Ex-Raipur Pig Iron 2 0 Ex-Cuttack 1 6,800 NMDC Iron Ore Fines 3 HRC CHANGE Ex-Mumbai Iron Ore Lumps Scrap PRICE 71,250 - 250 0 - 750 Ex Balaghat, MOIL 10,403 NA 0 NA » Indian Sponge Iron Prices under pressure on Cheaper Imports of Scrap FINISH LONG » India: JSW raised Finish Long Prices; SAIL may follow the Suit FINISH FLAT » India: CRC Price rally Continue; JSW hike Prices FERRO ALLOY » India: SAIL floats Tenders for Purchase of Silico Manganese » Case against OMC & Mishrilal for Mining Chrome without Environmental Clearance Snap Shot - Global Prices (USD/MT) COMMODITY 1 PARTICULAR PRICE CHANGE M-O-M 3M-O-M China Imports 116 - 2 - 8 China Imports 162 0 0 - 6 Australia Exports 123 - 1 - 4 - 13 India Imports 252 - 2 - 13 - 22 India Imports 370 + 18 0 + 15 Scrap 2 Turkey Imports 350 - 2 - 25 - 44 Pig Iron 2 India Exports 375 - 5 - 10 - 25 China Exports 530 0 0 + 10 India Exports 995 + 7 + 25 + 30 Iron Ore Fines Pellets Coal 2 (coking Coal) 2 2 met Coke Coal ( Scrap HRC ) 2 2 Silico Manganese 2 Ferro Chrome 2 Manganese Ore China Import 2 ¢ 84.5/lb India Imports $ 4.65/dmtu - 19 + 0.5 + 0.5 + 0.5 NA - 0.35 + 0.65 Our Contact Details Raipur: #301, Jeevan Parisar, Rajeev Nagar Behind Crystal Arcade Raipur (C.G) - 492 007 India Tel: +91 771 2284888 Kolkata: 5th Floor, Vishvakarma Building, 86, Topsia Road, South-West Block Kolkata (W.B) - 700 046, India Tel: +91 33 22852063 1-Daily Assessment, 2-Weekly Assessment, 3-Monthly Assessment, W-O-W -> Week On Week, M-O-M -> Month On Month Copyright@2013 SteelMint www.steelmint.com info@steelmint.com +91 9575100530
  2. 2. DAILY STEEL REPORT Issue 1116, Thursday, 27 Feb 2014 Iron Ore PARTICULAR SIZE/GRADE DELIVERY PRICE W-O-W M-O-M 3M-O-M Indian Iron Ore prices (in INR/MT) as on Week 09, 2014 ( 24 Feb - 02 Mar) Rungta Mines 5-18MM, 63 F.O.R Siding 6,800 0 0 Essel Mining 0 Blue Dust/Fines, 63 F.O.R Siding 2,675 0 0 0 Serajuddin 5-18MM, 63 F.O.R Siding 5,620 0 0 + 510 Indrani 5-18MM, 63 F.O.R Siding 5,200 0 0 0 NMDC 6-40MM, 65 F.O.R Siding 4,500 - 0 + 200 Prices Including Royalty (Weekly Assessment,Prices last updated on: 2014-02-26,) , # NMDC Prices Excluding Royalty of 10% (Monthly Assessment)W-O-W -> Week On Week, M-O-M -> Month On Month Global Iron Ore prices (in USD/MT) as on date 26-Feb-2014 Fe 63.5/63, India Iron Fines, 63.5/63 CNF China 117 - 7 - 8 - 19 Fe 61.5, Australia Iron Fines, 61.5 CNF China 116 Fe 63.5, Brazil Iron Fines, 63.5 CNF China 118 - 7 - 8 - 19 - 9 - 11 - 22 Fe 59/58, India Iron Fines, 59/58 FOB Vizag 82 - 7 - 8 - 22 Prices on DMT basis (Daily Assessment) , India- Single Port Loading , FOB prices including demurrageW-O-W -> Week On Week, M-O-M -> Month On Month Indian Pellets prices (in INR/MT) as on Week 09, 2014 ( 24 Feb - 02 Mar) Barbil 6-20MM, 63 F.O.R Siding 6,500 - 200 - 950 - 675 Raipur 6-20MM, 63 Ex-Works 8,200 0 0 + 175 Bellary 6-20MM, 62 Ex-Works 8,050 0 + 150 + 888 Weekly Assessment,Prices last updated on: 2014-02-26, Excise duty @12.36%; VAT as applicable.W-O-W -> Week On Week, M-O-M -> Month On Month Global Pellets prices (in USD/MT) as on Week 09, 2014 ( 24 Feb - 02 Mar) India Import 6-20MM, DR Grade CNF West Coast 170 0 0 NA China Import BF Grade CNF China 162 0 0 - 6 India Export 6-20MM, DR Grade FOB East Coast 143 0 - 5 - 5 Coal Global Coal prices (in USD/MT) as on Week 09, 2014 ( 24 Feb - 02 Mar) Indonesian Thermal 3800 GAR FOB Indonesia 33 0 0 + 1 Indonesian Thermal 4200 GAR FOB Indonesia 40 0 - 1 + 1 Australia Premium HCC FOB Australia 123 - 1 - 4 - 13 Australia Met Coke CFR India 252 - 2 - 13 - 22 Weekly Assessment,Prices last updated on: 2014-02-26,W-o-W Changes are on the basis of FOB price,*Metcoke- Changes on the basis of CFR IndiaW-O-W -> Week On Week, M-O-M -> Month On Month Scrap Indian Scrap prices (in INR/MT) as on date 26-Feb-2014 Alang Mumbai Bhavnagar Chennai HMS(80:20) Ex-Yard 25,900 0 + 300 + 1,350 HMS(80:20) Ex-Yard 25,500 0 + 800 + 3,000 Ship Breaking Ex-Yard 28,800 0 + 1,100 + 2,900 HMS(80:20) Ex-Yard 24,600 + 200 + 700 + 1,400 Daily Assessment,Prices last updated on: 2014-02-26, Excise duty @12.36%; VAT as applicable.W-O-W -> Week On Week, M-O-M -> Month On Month Global Scrap prices (in USD/MT) as on Week 09, 2014 ( 24 Feb - 02 Mar) Europe Export Shredded FOB Rotterdam 330 0 - 22 - 40 Indian Import HMS(80:20), Europe CNF Mumbai 362 + 2 - 18 - 1 Indian Import Shredded, Europe/Us CNF Mumbai 380 + 2 - 15 + 2 Turkey Import HMS(80:20), Us CNF Turkey Major Port 350 - 2 - 25 - 44 Weekly Assessment,Prices last updated on: 2014-02-26,W-O-W -> Week On Week, M-O-M -> Month On Month Copyright@2013 SteelMint www.steelmint.com info@steelmint.com +91 9575100530
  3. 3. DAILY STEEL REPORT Issue 1116, Thursday, 27 Feb 2014 Indian Sponge Iron Prices under pressure on Cheaper Imports of Scrap Indian Sponge iron prices are under pressure on falling Scrap prices has assessed that in the coming week’s Sponge prices is likely toFeb 26, 2014 12:43 in the global market and decline in Iron pellet prices in Indian remain under pressure owing to improve supply of imported Scrap. domestic market. Indian Sponge iron prices which stood firm from Sources said, imported Scrap offers which were hovering in the last few weeks owing to raw material issues have shown some range of USD 375-380/MT CFR Mumbai in January, have fallen to resistance. The resistance is shown because of cheaper imports of USD 360/MT. They also mentioned that a lot of trade had took place Scrap from Europe & Middle East and availability of Iron pellet at in last few days and delivery will be made in the month of March. discount, puts pressure on prices. Falling Scrap Offers in Global Increased availability of Pellet in Indian Market Another reason that Market SteelMint in a discussion with market participants makes Sponge prices under pressure is decl Continued on page 6.... Indian Semi Finished & Finished Market Assessment as on Date 26 Feb (INR/MT) ZONES PLACE(CITY) SPONGE IRON CHANGE SPONGE PELLET CHANGE SCRAP CHANGE PIG IRON CHANGE Mandi Gobindgarh 0 - - Ludhiana - - - - - - Ghaziabad North India 23,600 - - - - - - - 0 - 20,100 0 0 24,500 0 19,100 - 50 - - - - 24,200 0 - - - - - 24,000 0 Central India 0 26,000 0 - 25,400 0 26,500 0 - Raipur 21,200 - 50 19,600 - 100 Raigarh 19,950 - 50 18,950 - 50 25,600 30,800 Rourkela Cuttack - 50 0 Durgapur East India 18,700 25,300 24,000 - South India Mumbai - - - - 25,500 0 Jalna - - - - 25,700 0 Hyderabad West India - - - 200 24,800 0 25,500 0 - 24,600 0 26,000 0 Chennai - Bellary 19,500 19,800 - - - 100 18,400 - 100 - - - - - - All prices are basic, Excise duty @ 12.36%, VAT as applicable extra, Bellary sponge pellet - 75 FeM ZONES PLACE(CITY) INGOT CHANGE BILLET CHANGE Mandi Gobindgarh Central India West India - 100 - - Ghaziabad 33,300 - 100 - - 33,050 - 100 Durgapur 29,600 - 100 30,300 Rourkela 29,400 - 50 29,700 Raipur 29,900 0 Raigarh 30,050 - 50 Mumbai East India + 50 34,300 Muzaffarnagar North India 34,450 Ludhiana 32,200 Jalna 0 CHANGE CHANGE - 100 - - - - - 35,400 - 200 - - - 35,000 - 200 - - - 100 33,050 - 150 - - - 50 34,150 0 - - 30,300 - 50 33,400 0 - - 30,000 - 100 33,200 0 - - 0 32,400 0 35,600 - 100 31,600 0 35,800 - 100 - 38,350 STRUCTURE - - 34,700 TMT - 36,200 0 - South India 35,300 - Ahmedabad 32,800 0 33,300 - 100 36,400 - 300 0 Hyderabad 31,400 0 31,800 0 35,300 - 100 - - Chennai 32,000 0 32,500 0 36,500 0 - - All prices are basic , Excise duty @ 12.36%, VAT as applicable extra Sponge Iron -78-80 FeM (Recovery 85%) Scrap - HMS, Mixed (Recovery 94%) Pig Iron - Steel Grade, 3.5-4.5% Carbon Ingot - 3.5"*4.5", Commercial Grade Billet - 100*100, 125*125, S+P> 0.1 %, Re-bar - 12mm, Fe 415 Grade Copyright@2013 SteelMint www.steelmint.com Structure - Commercial Grade, 40 Angle info@steelmint.com +91 9575100530
  4. 4. DAILY STEEL REPORT Issue 1116, Thursday, 27 Feb 2014 Structure Market Prices Weekly Assessment as on Week 09, 2014 ( 24 Feb - 02 Mar) REGION CITY North India Ghaziabad East India Durgapur Central India 40 ANGLE CHANGE Raipur West India South India M-O-M 75 CHANGE CHANNEL M-O-M 200 BEAM CHANGE M-O-M - - - - - - 36,800 + 67 + 750 35,200 + 100 + 500 35,200 + 100 + 200 35,700 + 100 + 500 - - - - - - 33,900 - 100 + 368 Ahmedabad 35,300 0 + 560 35,500 0 + 580 36,700 0 + 580 Mumbai 36,200 0 + 80 37,200 0 + 80 37,400 0 + 80 Hyderabad 35,500 + 400 + 167 36,000 + 400 + 167 - - - Weekly Assessment,Commercial Grade ,Excise Duty @ 12.36% ;VAT as applicable,# Prices including all taxes Wire Market Prices Daily Assessment as on 26 Feb in (INR/MT) ITEM SIZE Wire Rod RAIPUR CHANGE W-O-W DURGAPUR CHANGE W-O-W 5.5 MM HB Wire 34,800 - 200 - 200 34,300 - 200 - 450 20 Gauge Binding Wire 40,200 - 150 - 150 41,400 - 100 - 100 36,400 12 Gauge 36,700 - 200 - 200 - 100 - 400 12x12 Gauge 41,950 0 0 - - - 12 Gauge Barbed Wire 40,700 - 100 - 100 - - - GI Wire Weekly Assessment,Commercial Grade,Excise Duty @ 12.36% ;VAT as applicable TMT Market Prices Daily Assessment as on 26 Feb in (INR/MT) REGION PARTICULAR 12MM PRICE (BASIC) PRICE#(ALL TAX) CHANGE W-O-W M-O-M 20MM PRICE (BASIC) Indian TMT prices (in INR/MT) as on date 26-Feb-2014 Ghaziabad 35,900 + 1,450 39,050 Delhi/NCR 35,800 42,200 0 + 100 + 1,500 36,300 35,000 41,300 - 200 - 100 + 1,300 35,500 34,150 40,300 0 + 150 + 1,550 34,150 Durgapur 33,050 39,000 - 150 - 250 - 650 34,050 Patna 36,000 42,500 0 - 900 - 200 37,500 34,300 40,500 0 - 450 + 400 34,300 33,400 38,700 0 - 500 - 400 32,600 Indore 39,250 46,300 0 0 + 750 38,450 Raigarh 33,200 39,200 0 - 300 NA 32,400 Jalna 35,800 42,200 - 100 - 100 - 400 35,800 Mumbai 35,600 42,000 - 100 + 100 - 600 35,400 Latur 36,600 43,200 0 - 500 0 36,600 Ahmedabad 36,400 42,900 - 300 - 300 0 36,000 Goa 38,100 44,900 0 0 0 36,500 Jaipur 35,800 42,200 0 0 + 600 36,300 Wardha 34,100 40,200 NA NA NA 33,500 Chennai 36,500 43,100 0 - 400 - 900 36,500 Hyderabad 35,300 41,600 - 100 - 600 + 300 33,800 Bangalore South India + 1,300 NA Raipur* West India - 100 - 100 Giridih Central India - 200 44,300 Rourkela East India 41,800 38,350 Muzaffarnagar North India 35,400 Mandi Gobindgarh 37,500 44,200 0 0 - 500 37,700 Daily Assessment,Size - 12MM.,Grade- 415/500 Fe, Excise Duty @ 12.36% ;VAT as applicable. ,*Payment next dayW-O-W -> Week On Week, M-O-M -> Month On Month,# Prices including all taxes Copyright@2013 SteelMint www.steelmint.com info@steelmint.com +91 9575100530
  5. 5. DAILY STEEL REPORT Issue 1116, Thursday, 27 Feb 2014 Indian Finished Flat Market Weekly Assessment as on Week 09, 2014 ( 24 Feb - 02 Mar) in (INR/MT) ZONES North India East India West India South India PLACE(CITY) HRC Delhi/NCR CHANGE - Ludhiana 38,300 Kolkata CRC 0 - CHANGE - - 42,000 - 0 - - Mumbai 37,600 0 42,400 0 Ahmedabad 40,000 0 45,400 0 Hyderabad 42,700 + 2,700 44,500 + 2,500 - 42,300 0 Chennai - All prices are basic , Excise duty @ 12.36%, VAT as applicable extra India: SAIL floats Tenders for Purchase of Silico Manganese Steel Authority of India Limited (SAIL), one of the major producer of supplied at least 690 MT medium Carbon Silico Manganese to any Feb 26, 2014 18:42 Steel in India is inviting two tenders for procurement of Silico industry in India. Chemical Specification Manganese: 55% Min Manganese of different grades (medium Carbon & low Carbon low Silicon: 20% Min Carbon: 0.5% Max Size: 10-70 mm Quantity: 2,300 phosphorous). 1. Procurement of Medium Carbon Silico Manganese MT Delivery: As per SSP schedule Important Time & Dates Due at Salem Salem plant, one of unit of SAIL in Tamil Nadu intends to date: 15.00 hrs IST on 20 Mar, 2014 Bid opening date: 10.00 hrs IST procure medium Carbon Silico Manganese through online Reverse on 20 Mar, 2014 2. Procurement of Low Carbon Low Phosphorous Auction process. Tenderer shall be a manufacturer of medium Silico Manganese at Bokaro SAIL/Bokaro Steel plant invites tender Carbon Silico Manganese (MC Si Mn) and should have successfully from Indian firms only, for supply of low Continued on page 6.... Ferro Alloys PARTICULAR SIZE/GRADE DELIVERY PRICE (BASIC) W-O-W M-O-M 3M-O-M Indian Ferro Alloys prices (in INR/MT) as on Week 09, 2014 ( 24 Feb - 02 Mar) Chrome Ore Friable 52-54% Ex-Barbil 14,676 NA + 2,555 + 1,361 Ferro Chrome Hc 60% Ex-Jajpur 71,250 - 250 0 - 750 Ferro Manganese Hc 70% Ex-Durgapur 57,500 - 500 + 1,750 + 1,000 Ferro Silicon Hc 70-75% Ex-Guwahati 74,000 0 0 - 1,000 Manganese Ore 37.5% Lumps Ex-Balaghat 10,403 NA 0 NA Manganese Ore 44% Lumps Ex-Balaghat 13,571 NA 0 NA Silico Manganese 60-14 Ex-Durgapur 55,000 0 + 500 + 1,000 Silico Manganese 60-14 Ex-Raipur 54,500 0 + 500 + 1,750 NA - 30 - 30 Global Ferro Alloys prices (in USD/MT) as on Week 09, 2014 ( 24 Feb - 02 Mar) Chrome Ore Lumpy 36-38% CNF China 135 Ferro Chrome Hc 60% CNF China ¢ 84.5/lb + 0.5 + 0.5 + 0.5 Ferro Manganese Hc 75% FOB East Coast 1,010 + 5 + 50 + 60 Manganese Ore 44% Lumps, Brazil CNF East Coast USD 4.9/dmtu NA - 0.1 - 0.1 Manganese Ore 38% Lumps, S. Africa CNF East Coast USD 4.65/dmtu NA - 0.35 + 0.65 65-15 FOB East Coast 995 + 7 + 25 + 30 Silico Manganese Weekly Assessment, Excise duty @12.36%; VAT as applicableW-O-W -> Week On Week, M-O-M -> Month On Month Copyright@2013 SteelMint www.steelmint.com info@steelmint.com +91 9575100530
  6. 6. DAILY STEEL REPORT Issue 1116, Thursday, 27 Feb 2014 Trade Wise Finish Flat : Indian Steel Corporation offers GP(0.4 MM)at INR Coal : Bhusan Power & Steel is importing 80,000 MT Coking Coal from 61,500/MT(price including all) Australia at Vizag port in MV. Ocean Scorpil vessel. Scrap : JSW Steel invites offer for sale of GP Scrap having a floor price Iron Ore : Shipper kalinga Alied & Kashvi to export Iron ore 55,000 MT of INR 25,000/MT. each on vessel name LEO & JIN YUE. Coal : Agarwal Coal is to import 54,850 MT Non Coking Coal imported Pellets : Bellary: Fe 62% Iron pellet offers at INR 8,050/MT (Basic From Indonesia at Vizag port in mV. Jin Ye vessel. Price) Pig Iron : Ludhiana offers Foundry grade at INR 32,500/MT (VAT extra) Coal : NALCO invites bid for purchase of 50,000 MT of Non-coking Coal in Odisha before 06 Mar. ....Continued from page 1 ncluding RFP, copy of the Geological Report etc are available for sale at Central Mine Planning & Design Institute Limited (CMPDIL) Office, Ranchi..... China: Iron Ore Prices fall to 8 month low on Negative Outlook Indian Government to allocate Coal Blocks to Non Power Sectors 2014-02-26 13:34 2014-02-26 13:17 Iron ore market in China continued its downward trend today. Prices decreased by USD 7/MT in last 1 week. Fe 63.5/63 Prices are at 8 month low Spot Iron ore prices were seen at USD 117 /MT on 1 Jul, 2013 for 63.5/63 grade. Prices decreased by USD 2/MT today owing to negative sentiments prevailed in the market regarding steel market and smog alert. for more visit http://www.steelmint.com/steelnews Iron Ore Fin... Indian Government began the procedure for allocating Coal blocks to non power sector for the first time. It invites applications for the allocated blocks through competitive bidding for specified end users. The Ministry of Coal has offered three Coal blocks for the auction which are as follows: 1. Jhirki for & Jhirki (West) of East Bokaro Coalfield, Jharkhand having Geolog... India: SAIL floats Tenders for Purchase of Silico Manganese India: CRC Price rally Continue; JSW hike Prices 2014-02-26 13:12 Steel Authority of India Limited (SAIL), one of the major producer of Steel in India is inviting two tenders for procurement of Silico Manganese of different grades (medium Carbon & low Carbon low phosphorous). 1. Procurement of Medium Carbon Silico Manganese at Salem Salem plant, one of unit of SAIL in Tamil Nadu intends to procure medium Carbon Silico Manganese for more visit http://www.steelmint.com/steelnews thr... India: Pig Iron Prices in a Firm Position 2014-02-26 12:47 Pig iron manufacturers are currently avoiding any alteration in prices. Financial Year ending is likely to create pressure on Pig iron prices. The manufacturers are trying to clear their stocks. Major Pig iron player like NINL & RSP are offering the Basic grade Pig iron at discounts and at cheaper prices than the market. A market participant at Bokaro speculated, for more visit http://www.steelmint.com/steelnews "Ma... India: Goa based Exporter sold Pig Iron to Saudi Arabia more visit http://www.steelmint.com/steelnews 2014-02-26 12:59 As per industry sources, JSW has announced price hike of INR 500/MT750/MT across all its products from beginning of March, 2014. Market was expecting this price hike. JSW personnel were quite cautious on initiating the price hike looking at the current demand scenario. The quantum of price hike has been reduced this time due to lull demand in the economy and for more visit http://www.steelmint.com/steelnews falling expo... India: JSW raised Finish Long Prices; SAIL may follow the Suit 2014-02-26 10:50 JSW raised price of finished products for March, 2014. Following the suit, SAIL is likely to increase Finish Long prices. Low inventory and shortage of the materials indicates price hike further. JSW Steel has decided to increase steel prices again. This time the quantum of increase has been kept between INR 500/MT and INR 750/MT for both Flat and Long products for more visit http://www.steelmint.com/steelnews and will b... India: Private Firms gets Time for Coal Block Clearance 2014-02-26 09:48 India's largest private sector Pig iron exporter based in Goa, is expected to ship Pig iron to Saudi Arabian (Middle East) buyer on 27 Feb, 2014. A vessel named Reecon Emre is to carry 10,954 MT Pig iron from Mormugao port to a ductile cast Iron making company based in Saudi Arabia. The end user is a long term buyer of the Goa based Pig iron exporting company. for more visit http://www.steelmint.com/steelnews Though,... Copyright@2013 SteelMint www.steelmint.com 2014-02-26 09:12 Private companies such as Essar Power, D B Power and Hindalco Industries got a major relief on Coal block allocation and another 10 companies gets time for clearance. Inter-Ministerial Group (IMG) is a body which suggests corrective measures for Coal block holders. It was formed by the government last year to review Coal blocks progress, allocated to for more visit http://www.steelmint.com/steelnews firms for captive use... info@steelmint.com +91 9575100530
  7. 7. DAILY STEEL REPORT Issue 1116, Thursday, 27 Feb 2014 Indian Sponge Iron Prices under pressure on Cheaper Imports of Scrap Case against OMC & Mishrilal for Mining Chrome without Environmental Clearance 2014-02-26 07:13 Indian Sponge iron prices are under pressure on falling Scrap prices in the global market and decline in Iron pellet prices in Indian domestic market. Indian Sponge iron prices which stood firm from last few weeks owing to raw material issues have shown some resistance. The resistance is shown because of cheaper imports of Scrap from Europe & Middle East and for more visit http://www.steelmint.com/steelnews availability ... Copyright@2013 SteelMint www.steelmint.com 2014-02-26 07:00 Bhubaneswar: After issuing show cause notices to the Chrome miners for violating green norms, the Jajpur district administration has started lodging cases against them. In the first phase, the district administration has lodged cases against Mishrilal & Co for violating the Environmental Protection (EP) for act in its Sarubali mines in the JMFC Court (Jajpur) on 24 Feb, 201... more visit http://www.steelmint.com/steelnews info@steelmint.com +91 9575100530
  8. 8. DAILY STEEL REPORT Issue 1116, Thursday, 27 Feb 2014 REPORTS SERVICES Daily Steel Report Steel Prices Market Tracker Ironore Insight Steel News Statistics Coal Review Archive Data Logistics Scrap Insight Tenders Events Semi Finished And Finished Long Finished Flat Expert Comments Plant & Machinary For sale Global Steel Prices Forecasts Ferro Alloys Insight SUBSCRIPTION/ TRIALS www.steelmint.com Ph: +919575100530 Email: info@steelmint.com Bank Account Details HDFC Bank, Raipur Account Number 01522560009922 IFSC Code - HDFC0000152 IDBI Bank, Raipur OFFICES SteelMint, Raipur 301, Jeevan Parisar Rajeev Nagar, Raipur(C.G) 492007 Telefax: +917712284888 SteelMint, Kolkata 5th Floor, Vishvakarma Building, 86, Topsia Road, South-West Block, Telefax: +913322852063 Account Number 0049102000048888 IFSC Code - IBKL0000851 This publication is for information purposes only. The information contained in this document has been compiled from sources believed to be reliable. SteelMint cannot be made liable for any loss no matter how it may arise. The recipient of this report must make its own independent decisions regarding any product or items mentioned herein. ©SteelMint 2013. All rights reserved. No part of this publication (text, data or graphic) may be reproduced, stored in corporate data retrieval systems or transmitted in any form without obtaining SteelMint's prior written consent. Copyright@2013 SteelMint www.steelmint.com info@steelmint.com +91 9575100530

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