Some New Information on steel
Posted on 7th June 2019
1.Odisha based PELLET maker concludes 50,000t export deal for Fe 64%(3% Al) at $123-124/dmt, CFR China for June loading,this is equivalent to INR 7,400-7,600/wmt delivered to Paradip port.
2.Brazil IRON ORE exports recover, up 58% in May against April.
3.Spot steel prices fall, P-DRI at Rs 18,000-18,100/t, BILLET Rs 30,900-31,000/t, REBAR 12-25mm Rs 34,700-800/t & WIRE ROD at Rs 35,700-36,300/t Ex-Raipur.
4.Indian FERRO CHROME prices decline further in recent trades following downturn in global prices
5.South Korean steel makers - POSCO & Hyundai Steel asked to suspend blast furnace operations amid environmental concerns