{"id":3662,"date":"2019-01-17T15:54:12","date_gmt":"2019-01-17T15:54:12","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=3662"},"modified":"2019-01-17T15:54:12","modified_gmt":"2019-01-17T15:54:12","slug":"indian-steel-prices-marginally-declined-on-thursday","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/indian-steel-prices-marginally-declined-on-thursday\/","title":{"rendered":"Indian Steel Prices Marginally Declined on Thursday"},"content":{"rendered":"

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

I. Indian steel prices marginally declinedon Thursday due to limited inquiries through the\u00a0domestic buyers in the wake of slight rise in inventories.<\/p>\n

II. India\u2019s finished steel export has rose by 4.32% to 49,111 MT in Nov\u201918 from 47,074 MT\u00a0in Oct\u201918. However on yearly basis, the finished long steel exports has witnessed\u00a0significant decline by 69.23% from 159,648 MT in Nov’17.<\/p>\n

III. India\u2019s sponge iron prices are likely to remain subdued due to high supply, low demand\u00a0for domestic & exports and with anticipations of further fall in raw materials.<\/p>\n

IV. Manganese ore prices have maintained downtrend in the global market since Nov\u201918,\u00a0due to weak demand and price risk fears. Factors such as declining prices of Manganese\u00a0alloys were considered as the major reason for declining ore prices, alongside weak\u00a0demand.<\/p>\n

V. Domestic pig iron prices in Central & Eastern India contracted to 10 month’s low due to\u00a0improved supply, declining exports as well as significant fall in domestic steel prices\u00a0earlier.<\/p>\n

VI. European Union (EU) will continue its restrictions on the imports of steel into the region\u00a0until July 2021. This decision has been made to counter possible over supply of steel\u00a0products that are no longer being imported into the US.\u00a0VII. Finished long steel exports from Turkey declined by 15.74% M-o-M to 0.91 MnT in\u00a0\u00a0Nov’18 from 1.08 MnT in Oct’18. However on yearly basis, exports increased by 4.59%\u00a0in Nov\u201918 from 0.87 MnT in Nov’17.<\/p>\n","protected":false},"excerpt":{"rendered":"

Steel Sector News (Domestic and Global): I. Indian steel prices marginally declinedon Thursday due to limited inquiries through the\u00a0domestic buyers in the wake of slight rise in inventories. II. India\u2019s finished steel export has rose by 4.32% to 49,111 MT in Nov\u201918 from 47,074 MT\u00a0in Oct\u201918. However on yearly basis, the finished long steel exports […]<\/p>\n","protected":false},"author":3,"featured_media":3663,"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":[3254],"class_list":["post-3662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-indian-steel-sector"],"aioseo_notices":[],"yoast_head":"\nIndian Steel Prices Marginally Declined on Thursday - Finance Intellect<\/title>\n<meta name=\"description\" content=\"Indian steel prices marginally declinedon Thursday due to limited inquiries through the\u00a0domestic buyers in the wake of slight rise in inventories. India\u2019s finished steel export has rose by 4.32% to 49,111 MT in Nov\u201918 from 47,074 MT\u00a0in Oct\u201918. However on yearly basis, the finished long steel exports has witnessed\u00a0significant decline by 69.23% from 159,648 MT in Nov'17.India\u2019s sponge iron prices are likely to remain subdued due to high supply, low demand\u00a0for domestic & exports and with anticipations of further fall in raw materials.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeintellect.com\/home-page\/home\/indian-steel-prices-marginally-declined-on-thursday\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian Steel Prices Marginally Declined on Thursday - Finance Intellect\" \/>\n<meta property=\"og:description\" content=\"Indian steel prices marginally declinedon Thursday due to limited inquiries through the\u00a0domestic buyers in the wake of slight rise in inventories. India\u2019s finished steel export has rose by 4.32% to 49,111 MT in Nov\u201918 from 47,074 MT\u00a0in Oct\u201918. 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