I. Competitive offers of iron ore lump in eastern India have kept domestic pellet prices to\u00a0register downtrend. Eastern India pellet offers remained subdued. Durgapur pellet\u00a0prices have experienced further decline Moreover, offers from major pellet makers of\u00a0Barbil, Jamshedpur have slashed offers this week.<\/p>\n
II. As per market sources, Indian HRC import offers fell from South Korea for February\u00a0shipments in recent deal concluded. As per market sources, India based stockiest\u00a0booked around 20,000 MT HRC from South Korea at USD 525-530\/MT CFR basis for\u00a0February shipments. Prior to this, last offers of HRC from South Korea for Indian mills
\nwere around USD 565\/MT CFR India for Dec shipments.<\/p>\n
III. As per market sources, major Indian steel manufacturer have reduced its HRC export\u00a0offers to Nepal. Market participants shared that a major private Indian steel\u00a0manufacturer has concluded HRC export deal for about 3 rakes at USD 525\/MT CFR\u00a0Raxaul border for January end or early February shipments.<\/p>\n
IV. Iran remained one of the largest billet exporter in world has exported around 5.90 MnT\u00a0during CY\u201918 (Jan-Dec\u201918), registered a growth of 18% Y-o-Y against 5 MnT exported in\u00a0CY\u201917. South East Asian countries were the largest importers of Iranian billet during the\u00a0period.<\/p>\n
V. China\u2019s finished steel exports declined by 8% Y-o-Y to 69.47 MnT in CY18 as compared\u00a0to 75.41 MnT in CY17. Chinese mills raised export offers following gains in domestic\u00a0market during Jan-Sept\u201918.<\/p>\n
VI. South Korea has imported about 2.13 MnT finish long steel in 2018, which is low since\u00a02013. Prior to this it remained in the range between 3 and 3.5 MnT each year.<\/p>\n
VII. The slab export made by Brazil declined by 5.87% to 7,210,966 MT CY\u201918 from\u00a07,660,334 MT in CY17. Further, in CY17 (Jan-Dec) the Slab export rise by 22.62% as\u00a0against 6,247,093 MT in 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"
I. Competitive offers of iron ore lump in eastern India have kept domestic pellet prices to\u00a0register downtrend. Eastern India pellet offers remained subdued. Durgapur pellet\u00a0prices have experienced further decline Moreover, offers from major pellet makers of\u00a0Barbil, Jamshedpur have slashed offers this week. II. As per market sources, Indian HRC import offers fell from South Korea […]<\/p>\n","protected":false},"author":3,"featured_media":3589,"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":[3236],"class_list":["post-3588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-steel-sector-news"],"aioseo_notices":[],"yoast_head":"\n