SteelMint Steel Daily

Issue 960, Wednesday, 28 Aug 2013

Market Highlights India: Import offers come down on weak currency S.Korea: POSCO Raises HRC Prices on Cost Escalation India: CIL to Produce 482.00 MnT Coal During Current Year Australia: Newcastle Port Shipment increased by 15.59% W-o-W Indian Metal Recycling Association looks for Removal of Special Additional Duty on Imports of Scrap STEEL PRICE SNAPSHOT AS ON 27-AUG-2013 Price ( /MT) Change ( /MT) Spot Market (Raipur) Sponge 19600++* + 500 Scrap (HMS) 22500++ 0 Pig Iron 23500++ 0 MS Ingot 28100++* + 800 Billet 28700++* + 700 Rebar/TMT (12MM) 31750++ + 1250 Wire Rod (5.5MM) 38200# + 800 Price ( /MT) Change ( /MT) Futures Market NCDEX 31430 + 390 International Market Price ($/MT) Change ($/MT) Shanghai Rebar (YUAN/MT) 3818 + 5 HMS Scrap 80:20 (FOB Europe) 348 + 4 Iron Ore Fines (Fe 63.5 CNF China) 138 + 4 Iron Ore Forward Swaps Fe 62 (SGX) 136.5 - 0.5
++ Basic Price; ED & Taxes extra * Payment Next Day

MS INGOT/BILLET

Semi Finish price rally continue, buyer remain cautious.

27-Aug-13 , 13:57

Semi finish steel price that has increased yesterday by 2.7% across Mandi's continue to remain bullish as seller raise offer by 2%. SteelMint learned from market participant that price may see small correction due to delivery issue of lower price, payment issue, increasing production that was low in last week and high cost of raw material will pressure the demand and supply. Raipur Re-bar manufacturer today raised offer by 2.5-3% this is a consecutive rise in offer from yesterday, when mill owner has raised price by 3%. "We are cautious at this price as sudde..... for more please visit www.steelmint.com

Indian Billet Offers move up to $20/MT in Last One Week

27-Aug-13 , 13:53

Billet prices up by Rs 1,300/MT ($20) Indian primary steel players focusing more on exports Rupee at all time low of 65.93/USD

/MT AS ON 27-AUG-2013 Ingot Billet Place Price Change Price AHMEDABAD 28900++ + 400 BANGALORE 32800# 0 BHIWADI 29500-600++ + 500 CHENNAI 33000+ 0 33500+ DURGAPUR 27600++*,32300# + 500 28100++*,32900# GHAZIABAD 30100++* + 400 HYDERABAD 29000++ + 200 29300-500++ JAIPUR 29100++ + 300 29600++* JALNA NA 29200++* KOLKATA 27900++* + 500 28400++* LUDHIANA 31600++ + 300 MANDI GOBINDGARH 31200++ + 400 31400-500++ MUMBAI 29900++* + 700 29900++* MUZAFFARNAGAR 34100+ + 400 RAIGARH 27600++ + 500 28000++* RAIPUR 28100++* + 800 28700++* ROURKELA 26300++, (VAT):30200# + 300 26600++*
++ Basic Price; ED & Taxes extra * Payment Next Day # Including all

MS INGOT & BILLET PRICES IN

Change

0 + 700 + + + + 300 300 450 700

+ 300 + 400 + 900 + 700 + 200

CIS billet offers at around $513/MT FOB Black Sea ..... for more please visit www.steelmint.com

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SCRAP India: Import offers come down on weak currency

27-Aug-13 , 19:44

India Rupee touches all time low of 66+ per USD The imported scrap market is dull as compare to Domestic scrap market. Domestic scrap prices move up sharply. The imported scrap market in India has remained quiet over a past month. According to trade sources, only few deals has been concluded in this month. Recently the deal closed approx quantity 240 MT of scrap HMS 1&2 ,the origin of the material is Dubai are at USD 325 -330/MT CFR Mumbai. Similarly, the offers come from South Africa HMS 1&2 USD 315/MT on HSS Basis. Industry sources tell Steelmint that, some interest is seen from Indian buyers as domestic steel prices have noticed a sharp rise in last few days...... for more please visit www.steelmint.com

DOMESTIC SCRAP PRICES IN /MT AS ON 27-AUG-2013 Price/Size Place HMS 80:20 Change End Cutting Change ALANG 23000++ + 500 BHIWADI 24000# 0 CHENNAI 23000++ + 200 24000++ + 200 DURGAPUR 25250# 0 25750# 0 GHAZIABAD 26500# + 500 HYDERABAD 22000++ 0 23200++ 0 JALNA 24500# + 200 NA KANDLA 22400++ + 500 KOLKATA 24750# 0 25250# 0 LUDHIANA 28000# 0 MANDI 26100+ + 300 27100+ + 300 GOBINDGARH MUMBAI 22000++ + 400 RAIPUR 22500++ 0 23500++ + 500 VIZAG 22500++ 0 23500++ 0 CAST IRON Place MANDI GOBINDGARH MANDI GOBINDGARH (IMPORTED) SPONGE IRON Market Tracker for Sponge Iron
Aug 27, 2013

Price 27200# 27800#

Change 0 0

++Basic Price, ED & Taxes extra *Payment Next Day #Including all

SPONGE IRON PRICES IN /MT AS ON 27-AUG-2013 Place FeM Price Change BELLARY ( Pellet ) 75+ 17500++* + 100 DURGAPUR 80 19800++* + 700 MANDI GOBINDGARH 79 22000++* + 300 RAIGARH 80 18900-19000++* + 300 RAIPUR 79-80 19600++* + 500 ROURKELA 78 17300-500++* + 300
++Basic Price; ED & Taxes extra *Payment Next Day #Including all

Sponge Iron price at ROURKELA up by Rs. 300/MT. Sponge Iron price at RAIGARH up by Rs. 300/MT. Sponge Iron price at RAIPUR up by Rs. 500/MT.

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PIG IRON PRICES IN

/MT AS ON 27-AUG-2013 Steel Grade Foundry Grade Place Price Change Price Change BOKARO 22000++ 0 CHENNAI 24500++ 0 25000++ 0 CUTTACK 22500++ 0 23000-24000++ 0 CUTTACK1 21500++ 0 23000-24000++ 0 DURGAPUR 22300++ 0 25500++ 0 GIRIDIH 22200++ 0 24000++ 0 GOA 27200++ 0 HYDERABAD 25000++ 0 JHARSUGUDA 21900++ 0 25000++ 0 KARNATAKA 28000-28250++ 0 LUDHIANA 27000+ 0 29000+ 0 MAHARASHTRA 24800-25000++ 0 29300++ 0 MAHARASHTRA1 23500++ 0 25500++ 0 RAIGARH 22800++ 0 RAIPUR 23500++ 0 25500++ 0 ROURKELA 22000++ 0 VIZAG 22500++ 0

PIG IRON India: NINL lowers domestic Pig Iron Prices sharply w.e.f Aug 27
27-Aug-13 , 13:58

Neelachal Ispat Nigam Limited (NINL), price setter of Indian Pig iron industry, has lowered offers by Rs 1,000-1,500/MT for domestic buyers w.e.f August 27. NINL's Pig iron Prices w.e.f August 27

Grade Si% Price (Rs/MT) N2 N3 1.25-1.79 1.8-2.2 22,000 (-1,000) 22,500 (-1,500)

(Basic Prices; Ex NINL Plant basis) Prices valid till September 13 N2 (steel) & N3 (foundry) is for Road dispatches only NINL, the state owned and India's largest Pig iron producer had closed domestic sales for steel and foundry grade Pig iron from August 17-26...... for more please visit www.steelmint.com

++Basic Price; ED & Taxes extra # Including all

TMT Market Tracker for TMT

Aug 27, 2013

TMT price at CHENNAI up by Rs. 200/MT. TMT price at JALNA up by Rs. 1200/MT. TMT price at HYDERABAD up by Rs. 500/MT. TMT price at RAIPUR up by Rs. 1250/MT.

TMT 12MM PRICES IN /MT AS ON 27-AUG-2013 Place 12mm Change Aug Avg AHMEDABAD 32000++ + 400 31495 BANGALORE 40600# + 500 39476 CHENNAI 38500+ + 200 38357 DELHI/NCR 32700++ + 1000 32047 DURGAPUR 35500-600# + 500 34629 GOA 34400++ + 300 33733 HYDERABAD 32500-800++ + 500 31200 INDORE 35000++ + 1050 33776 JAIPUR 32700++ + 500 32267 JALNA 33800++ + 1200 32262 MANDI GOBINDGARH 34600++ + 300 34728 MUMBAI 33300++ + 300 32524 MUZAFFARNAGAR 32100++ + 1000 31429 RAIPUR 31750++ + 1250 29902 ROURKELA NA 30210
++ Basic Price; ED & Taxes extra # Including all

M-O-M + 600 + 500 - 300 - 600 + 700 0 + 700 + 1200 + 200 + 2200 - 550 + 1400 - 600 + 2150 NA

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WIRES PRICES AS ON 27-AUG-2013 Wires Raipur WIRE ROD(5.5 MM) 38200# HB WIRE (12 GAUGE) 40200# BINDING WIRE (20 GAUGE) 44300#
#Inclusive of ED(12.36%) & VAT(5%)

WIRE
Change Durgapur Change + 800 37300# + 700 + 800 39700# + 700 + 900 45400# 0

ANGLE
ANGLE PRICES IN /MT AS ON 27-AUG-2013 Place 40A 75A 100A 110A MUMBAI 33900++ 34400++ RAIPUR 31800++ 32000++ 32200++ AHMEDABAD 31000++ 31800++ 32800++ 33200++ DURGAPUR 31400++ 31400++ 31500++ 31500++ HYDERABAD 32000++ 33500++ 34500++ 34500++
++Basic price; ED and taxes extra # Including all

STRUCTURE Market Tracker for Angle

Aug 27, 2013

Angle 40A price at MUMBAI up by Rs. 600/MT. Angle 40A price at HYDERABAD remain unchanged. Angle 40A price at RAIPUR up by Rs. 1700/MT.

CHANNEL
CHANNEL PRICES IN /MT AS ON 27-AUG-2013 Place 75C 100C 150C 200C MUMBAI 34700++ 34700++ 35100++ 35100++ RAIPUR 31800++ 31800++ 31900++ 32200++ AHMEDABAD 31200++ 32000++ 32200++ 32600++ DURGAPUR 31800++ 31800++ 31700++ 31900++ HYDERABAD 31800++ 31800++ 32300++ ++Basic price; ED and taxes extra # Including all

BEAM
BEAM PRICES IN /MT AS ON 27-AUG-2013 Place 125B 200B 300B 400B MUMBAI 35100++ 35100++ RAIPUR 31900++ 32100++ 32200++ 32400++ AHMEDABAD 32600++ DURGAPUR 31800++ 31800++ 32600++ 33100++ HYDERABAD 31800++ 32100++ ++Basic price; ED and taxes extra # Including all

HOT ROLLED (HR)

HR COIL 2.5MM-8MM CITY WISE PRICES IN /MT Place 2013-08-27 2013-07-08 AHMEDABAD 40500-41000 40500 DELHI 39500-40000 40000 HYDERABAD 41750 41750 LUDHIANA 39000-40000 40200
Prices including ED; Taxes extra - VAT/CST

COLD ROLLED (CR)

CR COIL 0.90MM AND ABOVE CITY WISE PRICES IN /MT Place 2013-08-27 2013-07-03 AHMEDABAD 46000 45000 DELHI --HYDERABAD 44500-45000 44500 LUDHIANA 44000-45000 45000
Prices including ED; Taxes extra - VAT/CST

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Industry News India: Import offers come down on weak currency

India Rupee touches all time low of 66+ per USDThe imported scrap market is dull as compare to Domestic scrap market.Domestic scrap prices move up ... (Read full story at www.steelmint.com)
S.Korea: POSCO Raises HRC Prices on Cost Escalation

South Korean Steel maker POSCO Steel announced hike in prices of hot rolled coils (HRC) by Won 30,000/tone, USD27 (equivalent to INR 1700) for September, ... (Read full story at www.steelmint.com)
India: CIL to Produce 482.00 MnT Coal During Current Year

Coal India Limited has planned to produce 482.00 MnT in 2012-13 and has envisaged to produce 615 MnT in the terminal year of XII Plan ... (Read full story at www.steelmint.com)
Australia: Newcastle Port Shipment increased by 15.59% W-o-W

Australia's leading coal exporting port, Newcastle port has reported that their shipment on last week ended on 26th Aug '13 gone up by 15.59% as ... (Read full story at www.steelmint.com)
Indian Metal Recycling Association looks for Removal of Special Additional Duty on Imports of Scrap

Metal Recycling Association of India (MRAI) along with other Association member has requested and submitted the letter to the Honorable Prime Minister of India ... (Read full story at www.steelmint.com)
India: NINL lowers domestic Pig Iron Prices sharply w.e.f Aug 27

Neelachal Ispat Nigam Limited (NINL), price setter of Indian Pig iron industry, has lowered offers by Rs 1,0001,500/MT for domestic buyers w.e.f August 27.NINL's Pig iron ... (Read full story at www.steelmint.com)
Semi Finish price rally continue, buyer remain cautious.

Semi finish steel price that has increased yesterday by 2.7% across Mandi's continue to remain bullish as seller raise offer by 2%. SteelMint learned from ... (Read full story at www.steelmint.com)
Indian Billet Offers move up to $20/MT in Last One Week

Billet prices up by Rs 1,300/MT ($20)Indian primary steel players focusing more on exportsRupee at all time low of 65.93/USDCIS billet offers at around $513/MT ... (Read full story at www.steelmint.com)

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