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Published on 26/06/2020 5:04:33 PM | Source: Nirmal Bang Ltd

Metal Sector Update 26 June 2020 by Nirmal Bang

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

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India: AM/NS India first to sign MDPA for Thakurani mine

ArcelorMittal Nippon Steel India (AM/NS India), a joint venture (JV) between ArcelorMittal and Japan’s Nippon Steel Thursday inked the Mine Development Cum Production Agreement (MDPA) with the Keonjhar district administration for restarting activity at the Thakurani mine. It may be noted that AMNS is the first among 24 successful bidders to have executed the MDPA. Most of the merchant mines whose lease tenures lapsed by March 31 this year have changed hands. The notable exceptions are Serajuddin & Company and Tata Steel which retained its Sukinda chromite lease at fiercely contested auctions. None of the merchant mines though h

India: AM/NS India first to sign MDPA for Thakurani mine

ArcelorMittal Nippon Steel India (AM/NS India), a joint venture (JV) between ArcelorMittal and Japan's Nippon Steel Thursday inked the Mine Development Cum Production Agreement (MDPA) ...

Taiwan's billet imports record 15-months low in May'20

Taiwan, one of the world's major billet importers, has marked continuous fall in its monthly billet imports and as per data analysed by SteelMint, the imports in May'20 have hit lowest...

Indian pellet export prices fall marginally on limited Chinese buying --

SteelMint's pellet index ( FoB east cost India) inched down to $100/t as on Tuesday (23rd Jun'20). The previous assessment was done on 19 June at $100.1/t. Limited buying interest f...

Indian steel market update- 25 June'20

Indian steel prices increased further due to active demand. As per daily assessment, sponge iron & rebar prices moved up by INR 100-200/t, while billet prices increased sharply by ...

Karnataka: 72% material booked in recent iron ore e-auction of private miners

In the recent Karnataka iron ore e-action held yesterday (24th June'20), a total of 460,000t iron ore was put to auction by private miners. Out of the total, 332,000t (232,000t stood f...

Indian HR-plate prices hit 7 months low amid limited inquiries

The nation's domestic plate prices have hit 7 months low in the Mumbai market, as per records maintained with SteelMint. Current HR plate prices in Mumbai stands at INR 35,000-35,500/t...

 

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