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Published on 1/07/2020 3:33:45 PM | Source: Nirmal Bang Ltd

Metal Sector Update 1 July 2020 by Nirmal Bang

Posted in Broking Firm Views - Sector Report| #Nirmal Bang Ltd #Metals Sector #Sector Report

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India: NMDC hikes iron ore price by 9-10% on tight availability

-NMDC increased iron ore prices from Chhattisgarh mines by INR 200-240/t w.e.f 30 Jun'20 --Domestic iron ore availability is expected to remain tight during monsoons NMDC Ltd, India's largest iron ore producer, has increased prices by 9-10% with effect from today, credible market sources told SteelMint. Prices of Baila fines and lump was increased by INR 200/t while the price of DR CLO (calibrated lump ore) was raised by INR 240/t. Baila lump (Fe 65.5%) price has been set at INR 2,450/wet metric tonne (wmt), fines (Fe 64%) was set at INR 2,160/wmt and DR CLO (Fe 67%) price was at INR 2,850/wmt. NMDC sets prices on a fre

 

TATA Steel Mining inks lease deeds for Kamarda, Saruabil blocks

Tata Steel Mining Limited (TSML), formerly known as TS Alloys Ltd has successfully completed the mining lease execution for two leases namely Kamarda Chromite Mine and Saruabil Chromit...

 

Tata Steel FY20 results- key highlights

Tata Steel conducted investor conference call today for FY20, key highlights of the same are mentioned below: 1.Crude steel output from India operations up by 8% - The Company showed im...

 

Rationale: Indian pellet index stable in recent deals

SteelMint's bi-weekly domestic pellet index "PELLEX" has remained unchanged on Tuesday (i.e 30th June 2020) at INR 5,900/t DAP Raipur. This price has been derived using five data point...

 

Indian steel market update- 30 June'20

Indian billet & sponge iron prices fell further in major locations by INR 100-300/t except in central India - Raipur where sponge prices remained strong and surged about INR 400/t ...

 

Bangladesh: Ship Breaking prices remain stable; deals reported

Bangladesh ship breaking market has observed stability in terms of prices this week. According to the price assessment, the prices in Bangladesh stood at $310/LT for Containers, $290/L...

 

India: NMDC hikes iron ore price by 9-10% on tight availability

--NMDC increased iron ore prices from Chhattisgarh mines by INR 200-240/t w.e.f 30 Jun'20 --Domestic iron ore availability is expected to remain tight during monsoons NMDC Ltd, India's...

 

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