{"id":3468,"date":"2019-01-09T15:12:23","date_gmt":"2019-01-09T15:12:23","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=3468"},"modified":"2019-01-09T15:12:23","modified_gmt":"2019-01-09T15:12:23","slug":"prices-of-semis-finished-long-steel-products-fall-by-inr-100-300-mt","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/prices-of-semis-finished-long-steel-products-fall-by-inr-100-300-mt\/","title":{"rendered":"Prices of semis & finished long steel products fall by INR 100-300\/MT"},"content":{"rendered":"

Steel Sector News (Domestic and Global)<\/strong><\/p>\n

I. Indian steel prices continued to fall limited inquiries following poor off take in finished\u00a0steel products on 8th Jan. The through the mid-size mills, day-on-day. As per sources, selling pressure\u00a0rise with the producers, this may force them to keep prices competitive in line to\u00a0improve sales and reduce inventories.<\/p>\n

II. Indian Ferro Chrome prices came down further in the domestic market due to\u00a0continuing sluggish market demand. The prices are down by INR 1000\/MT in the\u00a0domestic market. Indian Ferro Chrome producers are offering at 68,000 INR\/MT in\u00a0compliance with the continuous low demand. Moreover, the major buyers are still\u00a0making it difficult for the producers as they want it at much lower prices. However,\u00a0prices remain unchanged for the export market amid the low global demand.<\/p>\n

III. According to provisional data released by Joint Plant Committee (JPC), India\u2019s finished\u00a0steel exports rose by 7.9% to 0.367 MnT in Dec\u201918 from 0.34 MnT in Nov\u201918. However\u00a0on yearly basis the same came down by 62% in Dec\u201918 over Dec\u201917.<\/p>\n

IV. Chinese HRC export offers remain firm this week. However domestic prices have inched\u00a0up this week on steady demand. Currently HRC export offers from China are assessed\u00a0around USD 480\/MT FoB basis. However last week the offers were in similar range only.\u00a0Meanwhile prices of HRC in the domestic market decline by RMB 20-30\/MT on weekly\u00a0basis and presently domestic HRC is assessed around at RMB 3,670-3,680MT (ex-works)\u00a0in Eastern China.<\/p>\n

V. Major Iranian steelmakers exported around 4,365,570 MT of Steel during 21st Mar to\u00a022nd Dec\u201918. On yearly basis, export declined by around 15% .<\/p>\n","protected":false},"excerpt":{"rendered":"

Steel Sector News (Domestic and Global) I. Indian steel prices continued to fall limited inquiries following poor off take in finished\u00a0steel products on 8th Jan. The through the mid-size mills, day-on-day. As per sources, selling pressure\u00a0rise with the producers, this may force them to keep prices competitive in line to\u00a0improve sales and reduce inventories. II. […]<\/p>\n","protected":false},"author":3,"featured_media":3470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[5],"tags":[3173,3172],"class_list":["post-3468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-indian-ferro-chrome","tag-indian-steel-prices"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t