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March Month Steel Report

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  • 1. DAILY STEEL REPORT Issue 1121, Wednesday, 05 Mar 2014 India: BRPL evinces Interest in Partnering with SAIL Bhubaneswar: Odisha based Pellet maker of SAIL has estimated that the amount ofMar 04, 2014 11:58 Brahmani River Pellets Limited (BRPL), a low grade fines stashed at the mines head subsidiary of the London based Stemcor would be about 10 MnT and out of this group has evinced interest in tying up with for Odisha (Bolani mines) itself. “Yes, we utilization of the unused low grade fines. would surely like to explore the opportunity SAIL is looking for partners for utilizing its and we are open to partner with SAIL for unused low grade Iron ore fines laying at the purpose”, said ND Rao, MD of BRPL. several mines heads located in Odisha & BRPL, which has 4 MnT pa Iron pellet Jharkhand. A senior official plant in Kalinganagar » India: CIL produced 5% less Coal than target during Apr’13-Feb’14 more than 3-4 MnT of fines laying in public RAW MATERIAL sector steel maker SAIL » India: MSTC conducts Auction for Iron Ore Sale » China: Weak buying Sentiments decreased Transaction at Spot Iron Ore Market » Australia: NPC raises 4% Coal Shipment Target for March SEMI FINISHED Continued on page 6.... » India: Power cut in Andhra hiked Steel Prices by INR 1,000/MT W-o-W Snap Shot - Indian Domestic Prices (INR/MT) COMMODITY 2 PARTICULAR PRICE CHANGE M-O-M 3M-O-M Rungta, Odisha 6,800 0 0 0 Iron Ore Fines 3 NMDC 2,910 + 100 + 100 + 300 Scrap 1 Ex-Mumbai 25,500 0 0 + 2,800 Ex-Cuttack 24,000 0 - 464 NA Ex-Raipur 21,000 0 - 300 + 800 Ex-Mumbai 32,500 0 - 100 + 1,200 Ex-Delhi 35,600 + 100 + 300 + 2,100 Ex-Chennai 36,500 0 - 300 + 2,500 Ex-Mumbai 36,300 + 95 + 200 + 1,300 Ex-Durgapur 34,500 0 - 850 + 2,500 Ex-Raipur 35,100 + 100 - 200 + 2,200 Ex-Ludhiana 38,300 0 + 300 + 1,100 Ex-Raipur 54,000 - 500 0 + 1,250 Ex-Jajpur 71,000 - 250 - 250 - 250 Ex Balaghat, MOIL 10,403 NA NA + 303 Iron Ore Lumps Pig Iron 2 Sponge Iron 1 Billet 1 TMT (Re-Bar) 1 Structure 2 Wire Rod 1 HRC 2 Silico Manganese 2 Ferro Chrome 2 Manganese Ore 2 FINISH LONG » India: Primary Producers increased TMT Offers for Mar’14 » Indian Structure Market slightly improved in a Week’s Time FINISH FLAT » India: SAIL Hikes prices by 1% across all Flat Steel Products FERRO ALLOY » India: OMC conducts Auction for Sale of Chrome Ore & Chrome Concenterate » India: High Carbon Ferro Chrome Prices down as Buying Interest recedes Snap Shot - Global Prices (USD/MT) COMMODITY 1 PARTICULAR PRICE CHANGE M-O-M 3M-O-M China Imports 117 0 - 5 - 21 China Imports 160 - 2 - 2 - 10 Australia Exports 121 - 1 - 6 - 14 India Imports 247 - 3 - 16 - 28 India Imports 370 0 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 0 + 15 + 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 + 0.5 + 0.5 + 0.5 India Imports $ 4.7/dmtu NA NA NA 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. DAILY STEEL REPORT Issue 1121, Wednesday, 05 Mar 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 10, 2014 ( 03 Mar - 09 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: 2014-03-04,) , # 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 04-Mar-2014 Fe 63.5/63, India Iron Fines, 63.5/63 CNF China 118 - 1 - 5 - 21 Fe 61.5, Australia Iron Fines, 61.5 CNF China 117 Fe 63.5, Brazil Iron Fines, 63.5 CNF China 117 - 1 - 5 - 21 - 3 - 10 - 26 Fe 59/58, India Iron Fines, 59/58 FOB Vizag 83 - 1 - 5 - 21 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 10, 2014 ( 03 Mar - 09 Mar) Barbil 6-20MM, 63 F.O.R Siding 6,400 - 50 - 683 - 850 Raipur 6-20MM, 63 Ex-Works 8,000 - 150 - 200 - 200 Bellary 6-20MM, 62 Ex-Works 7,950 - 50 + 50 + 700 Weekly Assessment,Prices last updated on: 2014-03-04, 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 10, 2014 ( 03 Mar - 09 Mar) India Import 6-20MM, DR Grade CNF West Coast 170 0 0 NA China Import BF Grade CNF China 160 - 2 - 2 - 10 India Export 6-20MM, DR Grade FOB East Coast 140 - 3 - 3 - 10 Coal Global Coal prices (in USD/MT) as on Week 10, 2014 ( 03 Mar - 09 Mar) Indonesian Thermal 3800 GAR FOB Indonesia 32 - 1 - 1 0 Indonesian Thermal 4200 GAR FOB Indonesia 38 - 2 - 3 - 2 Australia Premium HCC FOB Australia 121 - 1 - 6 - 14 Australia Met Coke CFR India 247 - 3 - 16 - 28 Weekly Assessment,Prices last updated on: 2014-03-04,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 04-Mar-2014 Alang Mumbai Bhavnagar Chennai HMS(80:20) Ex-Yard 26,100 + 100 + 200 + 2,100 HMS(80:20) Ex-Yard 25,500 0 0 + 2,800 Ship Breaking Ex-Yard 28,800 0 + 600 + 3,300 HMS(80:20) Ex-Yard 24,600 0 + 400 + 1,200 Daily Assessment,Prices last updated on: 2014-03-04, 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 10, 2014 ( 03 Mar - 09 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: 2014-03-04,W-O-W -> Week On Week, M-O-M -> Month On Month Copyright@2013 SteelMint www.steelmint.com info@steelmint.com +91 9575100530
  • 3. DAILY STEEL REPORT Issue 1121, Wednesday, 05 Mar 2014 India: Power cut in Andhra hiked Steel Prices by INR 1,000/MT Wo-W Power cut in Hyderabad (Andhra Pradesh) once in a week has made manufacturer from Hyderabad. SteelMint in a discussion with a Re-Mar 04, 2014 13:39 the prices dearer and forced manufacturers to increase its offers by bar manufacturer assessed that steel prices are anticipated to drop INR 500-1,000/MT for Ingot/Billet & Re-bar in 2-3 days. Ingot is by INR 500-1,000/MT and there is no hope for price increment in offered at around INR 32,300/MT, while Billet is traded at around INR near term. Sluggish demand of Re-bar & Structure in Raipur has 32,600-32,800/MT. Re-bar (20 mm) is traded at INR 34,500- kept Ingot/Billet offers unchanged from a week’s time. Currently, 34,700/MT. Power cut is likely to continue till Lok Sabha Elections, Ingot is offered at around INR 30,100/MT and Billet at around INR held in Apr-May, 2014 as electricity provided to industries is being 30,500/MT. In Durgapur (WB), gap between Ingot and Billet had provided to farmers for crops reaping, shared an Ingot increased by INR 300-400MT to INR 700-800/MT (e Continued on page 6.... Indian Semi Finished & Finished Market Assessment as on Date 04 Mar (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 - 20,200 0 0 24,500 0 19,100 0 - - - - 24,200 0 - - - - - 24,000 0 Central India 0 25,800 - 200 - 25,400 0 26,500 0 - Raipur 21,000 0 19,700 0 Raigarh 19,900 0 18,800 0 25,600 30,800 Rourkela Cuttack 0 0 Durgapur East India 18,800 25,600 23,900 - South India Mumbai - - - - 25,500 0 Jalna - - - - 25,800 + 100 Hyderabad West India - - 0 24,900 0 25,500 0 - 24,600 0 26,000 0 Chennai - Bellary 20,000 - 19,500 - 0 18,400 0 - - - - - - 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 0 - - Ghaziabad 33,450 + 50 - - 33,100 + 100 Durgapur 29,900 0 30,700 Rourkela 29,500 0 29,800 Raipur 30,100 + 50 Raigarh 30,200 + 50 Mumbai East India + 50 34,650 Muzaffarnagar North India 34,700 Ludhiana 32,350 Jalna 0 CHANGE CHANGE + 100 - - - - - 35,400 + 100 - - - 35,000 + 100 - - 0 33,050 0 - - + 100 34,300 0 - - 30,500 0 33,650 0 30,100 0 33,300 0 0 32,500 0 35,700 0 31,600 0 35,800 0 - 38,700 STRUCTURE - - 34,900 TMT - 33,900 0 - 36,300 0 - South India 35,400 - Ahmedabad 32,850 + 50 33,350 + 50 36,700 + 100 NA Hyderabad 32,300 - 200 32,700 - 200 36,100 - 50 - - Chennai 32,000 0 32,600 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. DAILY STEEL REPORT Issue 1121, Wednesday, 05 Mar 2014 Structure Market Prices Weekly Assessment as on Week 10, 2014 ( 03 Mar - 09 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 + 600 - - - - - 36,900 + 167 34,800 - 467 - 100 34,800 - 467 - 400 35,300 - 467 - 100 33,900 + 189 - 130 - - - 33,900 - 65 + 170 Ahmedabad 35,400 + 93 + 320 35,600 + 93 + 400 36,800 + 93 + 400 Mumbai 36,300 + 95 + 200 37,300 + 95 + 200 37,500 + 95 + 200 Hyderabad 35,500 0 + 700 36,000 0 + 700 - - - Weekly Assessment,Commercial Grade ,Excise Duty @ 12.36% ;VAT as applicable,# Prices including all taxes Wire Market Prices Daily Assessment as on 04 Mar in (INR/MT) ITEM SIZE Wire Rod RAIPUR CHANGE W-O-W DURGAPUR CHANGE W-O-W 5.5 MM HB Wire 35,100 + 100 + 100 34,500 0 0 20 Gauge Binding Wire 40,400 + 50 + 50 41,400 0 - 100 36,500 12 Gauge 37,000 + 100 + 100 0 0 12x12 Gauge 42,100 0 + 150 - - - 12 Gauge Barbed Wire 40,850 0 + 50 - - - GI Wire Weekly Assessment,Commercial Grade,Excise Duty @ 12.36% ;VAT as applicable TMT Market Prices Daily Assessment as on 04 Mar 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 04-Mar-2014 Ghaziabad 35,900 + 1,150 39,400 Delhi/NCR 35,600 42,000 + 100 - 200 + 300 36,100 35,000 41,300 + 100 - 200 + 300 35,500 34,300 40,500 0 + 150 + 1,050 34,300 Durgapur 33,050 39,000 0 - 150 - 600 34,050 Patna 36,000 42,500 0 0 - 900 37,500 34,300 40,500 0 0 0 34,300 33,650 38,900 0 + 250 - 450 32,850 Indore 39,400 46,500 0 + 150 + 400 38,600 Raigarh 33,300 39,300 0 + 100 - 300 32,500 Jalna 35,800 42,200 0 - 100 - 500 35,800 Mumbai 35,700 42,100 0 0 - 100 35,500 Latur 36,600 43,200 0 0 + 200 36,600 Ahmedabad 36,700 43,300 + 100 0 + 100 36,300 Goa 38,100 44,900 0 0 0 36,500 Jaipur 35,900 42,400 0 + 100 + 300 36,400 Wardha 34,700 40,900 0 NA NA 34,100 Chennai 36,500 43,100 0 0 - 300 36,500 Hyderabad 36,100 42,600 - 50 + 700 + 600 34,600 Bangalore South India + 300 + 250 Raipur* West India - 200 + 100 Giridih Central India + 100 44,700 Rourkela East India 41,800 38,700 Muzaffarnagar North India 35,400 Mandi Gobindgarh 37,300 44,000 0 - 200 - 200 37,500 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. DAILY STEEL REPORT Issue 1121, Wednesday, 05 Mar 2014 Indian Finished Flat Market Weekly Assessment as on Week 10, 2014 ( 03 Mar - 09 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 39,400 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: High Carbon Ferro Chrome Prices down as Buying Interest recedes High Carbon Ferro Chrome prices were slightly down from last not been able to raise offers even though OMC has raised prices. Mar 04, 2014 15:33 week amid limited activity. There were very few inquiries from buyers Most market participants remained uncertain about the domestic and few deals were concluded confirmed market participants. In the market in the near term. [su_quote]Looking at the market condition a domestic market HC Ferro Chrome prices fall on sluggish demand trader based from Odisha remarked, “Demand has been poor over from end-users. Current price for HC Ferro Chrome (60% Grade) is the past one or two months and prices seem to be flattening out. around INR 71,000/MT (Ex-Works Odisha) and INR 72,000/MT (Ex- While, traders were speculating that prices are coming down as Raigarh). Indian producers said that there was a lack of procurement there is lack of deals."[/su_quote] Chinese Market India-origin HC interest from domestic buyers and so most producers have Ferro Chrome (58-60% Cr) and South African Ch 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 10, 2014 ( 03 Mar - 09 Mar) Chrome Ore Friable 52-54% Ex-Barbil 14,676 NA + 2,555 + 1,361 Ferro Chrome Hc 60% Ex-Jajpur 71,000 - 250 - 250 - 250 Ferro Manganese Hc 70% Ex-Durgapur 57,500 0 - 500 + 1,000 Ferro Silicon Hc 70-75% Ex-Guwahati 73,250 - 750 - 1,000 - 1,750 Manganese Ore 37.5% Lumps Ex-Balaghat 10,403 NA NA + 303 Manganese Ore 44% Lumps Ex-Balaghat 13,571 NA NA + 395 Silico Manganese 60-14 Ex-Durgapur 54,500 - 500 0 + 1,250 Silico Manganese 60-14 Ex-Raipur 54,000 - 500 0 + 1,250 NA - 30 - 30 + 0.5 + 0.5 + 0.5 0 + 5 + 50 NA NA Global Ferro Alloys prices (in USD/MT) as on Week 10, 2014 ( 03 Mar - 09 Mar) Chrome Ore Lumpy 36-38% CNF China 135 Ferro Chrome Hc 60% CNF China ¢ 84.5/lb Ferro Manganese Hc 75% FOB East Coast 1,010 Manganese Ore 44% Lumps, Brazil CNF East Coast USD 5.2/dmtu NA Manganese Ore 38% Lumps, S. Africa CNF East Coast USD 4.7/dmtu NA NA NA 65-15 FOB East Coast 995 0 + 15 + 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. DAILY STEEL REPORT Issue 1121, Wednesday, 05 Mar 2014 Trade Wise Ferro Alloy : Esfahan Steel invites bid for purchase of 10,000 MT Ferro Pellets : Pellet Producers in Bellary are offering Pellets at INR Silicon in Iran before 13 Mar. 7,950/MT (Fe 63) Iron Ore : 55,000/MT Iron ore will be exported from Paradip port by Pig Iron : Durgapur offers Steel grade at INR 24,200- 24,400/ MT GLASS/SHARK from vessel name Parnon. (basic) ....Continued from page 1 , Jajpur (Odisha) is planning to trim its capacity owing to low domestic demand and introduced of export duty on Iron pellet. The plant which was running at 50% capacity owing to raw material scarcity is also considering shutting down the plant..... India: CIL produced 5% less Coal than target during Apr’13-Feb’14 India: Primary Producers increased TMT Offers for Mar’14 2014-03-04 14:18 2014-03-04 13:40 Coal India Limited (CIL), a state owned Coal miner has missed its production target by around 2.9 MnT as reported by the company. CIL produced around 42.6 MnT of Coal during February against its target of 45.4 MnT. CIL also missed its offtake target by 2.5 MnT. Company recorded around 40.5 MnT of Coal supply in February which was targeted to around for more visit http://www.steelmint.com/steelnews 43 MnT. During Febru... Low inventory made Primary steel producers to move up TMT offers. Merely, companies have raw material shortage and few have good export orders which led to push up the offers. Primary Re-bar producers have raised offers by INR 500-1,000/MT for March, 2014. Average demand and material shortage made them to move offers northward. RINL, an Indian for more visit http://www.steelmint.com/steelnews Government owned st... Indian Structure Market slightly improved in a Week’s Time India: MSTC conducts Auction for Iron Ore Sale 2014-03-04 13:40 Limited fluctuation in Ingot prices has inched up Structure offers in a week. Vizag Steel Plant has also hiked its prices. Slight improvement registered by Indian Structure market. In a week’s time, prices were improved by around INR 100-200/MT. Improved Ingot prices and average demand has resulted for in price hike of Structural item. Mumbai’s Structure offers increas... 2014-03-04 13:37 Metal Scrap Trade Corporation (MSTC) invites bid for sale of Iron ore from different Iron ore Mines/Stockyard at Karnataka. Material will be available for sale on “As is Where is” basis. The e-auction is for registered Steel plants, Pig iron plants, Pelletisation plant, Sponge iron plants and Beneficiation for more visit plants which have been wholly/partly dependent on Iron ore ... http://www.steelmint.com/steelnews more visit http://www.steelmint.com/steelnews China: Weak buying Sentiments decreased Transaction Australia: NPC raises 4% Coal Shipment Target for at Spot Iron Ore Market March 2014-03-04 12:35 2014-03-04 11:49 Seaborne Iron ore prices remain firm on Tuesday owing to weak Iron ore market. Spot Iron ore buying by traders & steel mills decreased owing to uncertainty in market. Iron Ore Fines Prices on 04 Mar, 2014 Country Grade Price in USD/MT (CNF) M-o-M India Fe 63.5/63 118 -5 Fe 61/60 111 -5 for more visit http://www.steelmint.com/steelnews Fe... Newcastle Port Corporation (NPC) raised its Coal shipment forecast by 4% and expecting to ship around 11.8 MnT Coal during the month of March. NPC, the world’s leading Coking & Non-coking Coal exporting port have exported around 3.1 MnT during the last week ended on 03 Mar, 2014 which rose by 7% against preceding week. However during the February, around for more visit http://www.steelmint.com/steelnews 13.2 MnT Coal h... India: OMC conducts Auction for Sale of Chrome Ore & Chrome Concenterate India: High Carbon Ferro Chrome Prices down as Buying Interest recedes 2014-03-04 11:43 Odisha Mining Corporation (OMC) a state government undertaking company invites bid for sale of Chrome ore & Chrome Concentrate through auction conducted by MSTC. Material which is available from different Chrome Ore/Chrome Concentrate(CO/CC) Mines/Stockyard in Odisha. Bid value quoted shall be the basic price (INR/MT) for minerals(CO/CC), for more visit inclusive of Royalty and exclusi... 2014-03-04 10:03 High Carbon Ferro Chrome prices were slightly down from last week amid limited activity. There were very few inquiries from buyers and few deals were concluded confirmed market participants. In the domestic market HC Ferro Chrome prices fall on sluggish demand from end-users. Current price for HC Ferro Chrome (60% Grade) is around INR 71,000/MT (Ex-Works for more visit http://www.steelmint.com/steelnews Odisha) and INR... http://www.steelmint.com/steelnews Copyright@2013 SteelMint www.steelmint.com info@steelmint.com +91 9575100530
  • 7. DAILY STEEL REPORT Issue 1121, Wednesday, 05 Mar 2014 India: Power cut in Andhra hiked Steel Prices by INR 1,000/MT W-o-W India: SAIL Hikes prices by 1% across all Flat Steel Products 2014-03-04 08:09 Power cut in Hyderabad (Andhra Pradesh) once in a week has made the prices dearer and forced manufacturers to increase its offers by INR 5001,000/MT for Ingot/Billet & Re-bar in 2-3 days. Ingot is offered at around INR 32,300/MT, while Billet is traded at around INR 32,600-32,800/MT. Re-bar (20 mm) is traded at INR 34,500-34,700/MT. Power cut is likely to continue for more visit http://www.steelmint.com/steelnews till... Copyright@2013 SteelMint www.steelmint.com 2014-03-04 07:09 After a price hike initiated by JSW for the month of March, SAIL too has raised its prices by 1% across major trading regions in the country. Market was not expecting a price hike due to a tepid demand. However, Flat Steel manufacturers defied market expectations and hiked the prices. SAIL raised its prices by around INR 300-500/MT across India. Ludhiana known as one for more visit http://www.steelmint.com/steelnews of... info@steelmint.com +91 9575100530
  • 8. DAILY STEEL REPORT Issue 1121, Wednesday, 05 Mar 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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