Here is the update\u00a0 pertaining to domestic and global steel sector.<\/p>\n
I. Indian steel market witnessed further decline in prices due to limited demand and high\u00a0supply. As per market sources, the rebar & billet prices contracted by INR 100-500\/MT,\u00a0while sponge iron exhibited corrections of INR 100-300\/MT. The major price fall observed in Durgapur, eastern India by INR 300-500\/MT.<\/p>\n
II. Indian secondary Rebar market experienced less demand across the regions and in that\u00a0led to price range reduction by around INR 500-600\/MT during the current week.\u00a0Particular locations of Northern region reported slight development in price range by\u00a0around INR 300\/MT in current week amid healthy trade discounts given by re-rollers &\u00a0this led to prevent stock.<\/p>\n
III. Indian iron ore export in CY18 recorded at 10.52 MnT. Exports witnessed 47% drop\u00a0against 19.91 MnT in CY17. On monthly basis, exports have dropped 7% to 0.77 MnT in\u00a0Dec\u201918 against 0.83 MnT in Nov\u201918. However, exports have decreased significantly by\u00a048% on yearly basis in Dec\u201918 against 1.50 MnT in Dec\u201917.<\/p>\n
IV. Brazil iron ore export came down to 33.20 MnT in Dec’18 from 33.97 MnT of export in\u00a0Nov\u201918. On yearly basis, Iron ore export by Brazil stood stable compared to Dec’17
\nexports.<\/p>\n","protected":false},"excerpt":{"rendered":"
Here is the update\u00a0 pertaining to domestic and global steel sector. I. Indian steel market witnessed further decline in prices due to limited demand and high\u00a0supply. As per market sources, the rebar & billet prices contracted by INR 100-500\/MT,\u00a0while sponge iron exhibited corrections of INR 100-300\/MT. The major price fall observed in Durgapur, eastern India […]<\/p>\n","protected":false},"author":3,"featured_media":3339,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[3090,3089,3087,3088],"class_list":["post-3338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-brazil-iron","tag-indian-iron-ore","tag-indian-steel-market","tag-rebar-market"],"aioseo_notices":[],"yoast_head":"\n