Industry: Iron and Steel


Steel mills in India are increasingly tapping the global market for iron ore as they find it difficult to transport the key raw material from local mines, and demand for the metal surges in response to the government’s ambitious plans to build out the nation’s infrastructure.
Oct. 10, 2018, 10:31 a.m.

The Steel Ministry’s focus is on strengthening the fundamentals of the industry and not on calls for hiking anti-dumping duties in the light of steel price fluctuations in the international market. Re
Oct. 9, 2018, 4:18 p.m.

Long product (TMT Mumbai) prices were down ~2% WoW. Sponge iron prices also declined ~2% WoW, while scrap prices were up ~1% WoW.
Oct. 8, 2018, 10:57 a.m.
Publisher: motilaloswal.com

Long product (TMT Mumbai) prices were down ~1% WoW. Sponge iron prices were also down ~6% WoW, while scrap prices were down ~2% WoW. NMDC increased iron ore fines/lump prices by INR200/300 per ton.
Oct. 1, 2018, 11:48 a.m.
Publisher: motilaloswal.com


The Federation of Indian Mineral Industries (FIMI) has urged the government to impose 30 per cent import duty on iron ore and iron ore pellets to protect the domestic miners.
Sept. 26, 2018, 4:49 p.m.

Long product (TMT Mumbai) prices were down ~3% WoW. Sponge iron prices were also down ~3% WoW, while scrap prices were down ~4% WoW. Domestic iron ore prices remained unchanged.
Sept. 24, 2018, 11:18 a.m.
Publisher: motilaloswal.com

Steel ministry recommends raising duty to 15 per cent
Sept. 19, 2018, 9:30 a.m.

Shares of metal companies jumped after Reuters reported that the government is considering raising the import duty on steel to support rupee. Nifty metal index rose as much 2.1 per cent, its biggest gain in nearly a week.
Sept. 19, 2018, 8:56 a.m.

Indian steel: Long product (TMT Mumbai) prices were up ~1% WoW. Sponge iron prices remained unchanged, while scrap prices were marginally lower.
Sept. 17, 2018, 11:26 a.m.
Publisher: motilaloswal.com

Long product (TMT Mumbai) prices were up ~3% WoW. Sponge iron prices were up ~1% WoW, while scrap prices were marginally lower.
Sept. 3, 2018, 9:59 a.m.
Publisher: motilaloswal.com