Issue : 2944 Tuesday, 11 Aug 2020

DAILY STEEL REPORT

Issue 2944, Tuesday, 11 Aug 2020

China: Baosteel increases list price of HRC by RMB 200/t for Sep
Aug 10, 2020
19:16

Baoshan Iron & Steel (Baoshan Steel), the listed-arm of China
Baowu Steel Group, has announced a hike in its domestic sales
list prices for carbon steel hot-rolled coil (HRC) for Sep '20
deliveries. HRC price raised by RMB 200/t ($29) CRC
prices raised by RMB 260/t ($37) Heavy plate prices increased by
RMB 200/t ($29) Hot Dipped Galvanized steel prices up by RMB
260/t ($37) Colour coated prices up by RMB 400/t ($58) another 50
yuan/t ($7) increase in Qingshan base; The p
Continued

Snap Shot - Global Prices (USD/MT)

COMMODITY PARTICULAR SIZE,GRADE AS ON PRICE CHANGE 1M 3M

Iron Ore Fines 1 China Imports Fines, Fe 61.5% 10 Aug | 10.25 IST $115 0 +7 + 23
Iron Ore Lumps 1
Indian Imports Lumps, Fe 64% 10 Aug | 10.25 IST $123 0 +6 + 20
Pellets ( Brazil ) 2
China Imports 6-20 mm, Fe 65% 06 Aug | 18.38 IST $128 0 +5 + 14.5
Pellets ( India ) 2 China Imports 6-20 mm, Fe 64% 06 Aug | 18.38 IST $120 +2 + 7.75 + 15.75
Coking 2
Australia Exports Premium HCC 05 Aug | 16.44 IST $107.75 - 3.5 - 7.87 - 6.25
Met Coke 2
India Imports 64% CSR 05 Aug | 16.46 IST $279 0 - 10 + 14
Non Coking 2
India Imports RB2 10 Aug | 12.40 IST $50.5 0 -3 - 4.5
Graphite Electrode 2
China Exports 600mm, UHP 10 Aug | 13.33 IST 18,750 0 NA NA
Scrap 2 India Imports Shredded 10 Aug | 20.20 IST $315 +5 + 30 + 41
Scrap 2
Turkey Imports HMS 1&2 10 Aug | 20.20 IST $285 + 4.17 + 26.4 + 31
Scrap 2
Pakistan Imports Shredded 10 Aug | 20.20 IST $315 + 1.2 + 25.8 + 39
Scrap 2
Bangladesh Imports Shredded 10 Aug | 20.20 IST $325 + 14.83 + 27 + 37
Scrap ( Ship Breaking ) 2
India Imports Containers 08 Aug | 12.11 IST $335 + 20 + 25 +5
Billet 2
India Exports 150*150, 3SP/4SP 07 Aug | 18.21 IST $400 0 + 19.5 + 40
Billet 2 China Exports 150*150, Q235 07 Aug | 18.21 IST $433 +7 + 16.5 + 47.33
Billet 2
Russia Exports 130*130, 3SP 07 Aug | 18.21 IST $393 +5 + 30 + 52
Billet 2
Iran Exports 130*130, 3SP 07 Aug | 18.21 IST $393 +3 + 21.5 + 50
Sponge Iron 2
India Exports Lumps, FeM 80 08 Aug | 12.28 IST $300 +5 + 40 + 35
Pig Iron 2
India Exports Steel Grade 08 Aug | 10.34 IST $335 0 + 20 + 42
Pig Iron 2
Russia Exports Steel Grade 08 Aug | 10.34 IST $331 + 10 + 18 + 38
HRC 2
China Exports 3-12mm, SS400 04 Aug | 19.26 IST $495 + 10 + 40 + 82
HRC 2 India Exports 2.5 mm, SAE1006 04 Aug | 19.26 IST $495 + 20 + 50 + 100
HRC 2
South Korea Exports 1.6-2.5mm, SAE 1006 04 Aug | 19.26 IST $478 + 25 + 43 + 70
HRC ( China ) 2
Vietnam Imports 2-3mm, SAE 1006 04 Aug | 19.26 IST $513 + 30 + 55 + 90
CRC 2
India Exports 0.9 mm, IS 513 Gr.O 04 Aug | 11.26 IST $545 + 32 + 70 + 92
CRC 2
China Exports 0.90mm, SPCC 04 Aug | 11.26 IST $528 + 18 + 33 + 75
HR Plate2 China Exports 5-10mm, SS 400 06 Aug | 11.01 IST $493 +8 NA + 38
DX51D+z80, Width 1,000-
GP 2 China Exports 1,500 mm, thickness 0.5- 06 Aug | 10.54 IST $588 + 10 + 28 + 75
2mm
Silico Manganese 2 India Exports 65-16 10 Aug | 19.06 IST $880 + 40 -5 - 110
Ferro Chrome 2
China Import 10-150mm, HC 60% 06 Aug | 19.57 IST ¢66.5/lb 0 - 0.5 + 1.5
Manganese Ore 2
India Imports Lumps, Mn 37% 01 Aug | 13.12 IST $3.95/dmtu 0 - 0.4 - 2.5
Ferro Manganese 2 India Exports HC 75% 07 Aug | 13.24 IST $835 0 - 65 NA
Ferro Silicon 2
Bhutan Exports 70% 07 Aug | 13.28 IST $1,100 0 0 - 150
1-Daily Assessment, 2-Weekly Assessment, 3-Monthly Assessment, W-O-W:Week On Week, 1M: Change over last month, 3M: Change over last 3 months

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 DAILY STEEL REPORT
Issue 2944, Tuesday, 11 Aug 2020

SE Asia: Imported scrap trade volumes low due to increased offers &
Japanese holidays

Imported scrap trades in most SE Asian markets have slowed down in face of hike in
offers and ongoing holidays in Japan, shared market participants. In Thailand, buyers
preferred cost-...
ON: 2020-08-10 Category: Scrap & Metallics Read More

China: Baosteel increases list price of HRC by RMB 200/t for Sep

Baoshan Iron & Steel (Baoshan Steel), the listed-arm of China Baowu Steel Group, has
announced a hike in its domestic sales list prices for carbon steel hot-rolled coil (HRC) for
S...
ON: 2020-08-10 Category: Finish Flat Read More

Turkey steel import statistics - H1 CY' 20

Ferrous scrap imports moved up 8% y-o-y in H1 CY' 20. Scrap stock replenishment made
in Jun'20 through aggressive bookings made by mills are likely to keep import volumes
high in Jul' ...
ON: 2020-08-10 Category: Scrap & Metallics Read More

China mills' steel stocks down on better sales

Stocks of the five major finished steel products at the 184 Chinese steelmakers reversed
down by 1.9% on week to 6.5 million tonnes by August 5 after two weeks of climb-ups, due
to bet...
ON: 2020-08-10 Category: Finish long Read More

China's rebar price hits 8-months high amid optimism

China's national price of HRB400 20mm dia rebar hit a new high since December 23 2019
after increasing for the seventh consecutive working day. It increased Yuan 13/tonne
($1.9/t) on d...
ON: 2020-08-10 Category: Finish long Read More

more news

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 DAILY STEEL REPORT
Issue 2944, Tuesday, 11 Aug 2020

SteelMint billet index increases by INR 1,050/t on raw material

concerns - 10th Aug
Aug 10, 2020
18:33

SteelMint billet index (Exw Raipur) has been assessed at INR
30,750/t (+1,050), Exw Raipur on 10th August, 18:00 IST. This index
has been derived based on transactions, offers, bids, and
indicative price data sets. Transactions are considered
as T1 and given a weightage of 50% whereas other data sets are
considered as T2 and given a weightage of the balance 50%.
Transactions T1 - Three trades were recorded in the 2.30 to 5.30
pm SteelMint trading window and cons
Continued

Snap Shot - Indian Domestic Prices (INR/MT)

COMMODITY PARTICULAR SIZE,GRADE AS ON PRICE CHANGE 1M 3M

5-18 mm, Fe 63%, DR

Fines/lumps 2 Iron Ore Index 08 Aug | 16.05 IST 4,600 + 500 + 700 + 1,100
Grade
Fines/lumps 2 Iron Ore Index 0-10 mm, Fe 63% 08 Aug | 16.05 IST 2,350 0 + 400 + 450
Iron Ore 3
NMDC 6-40 mm, Fe 65.5% 01 Aug | 12.08 IST 2,650 + 200 + 200 + 400
Iron Ore 3
NMDC 0 -10 mm, Fe 64% 01 Aug | 12.08 IST 2,360 + 200 + 200 + 400
Pellets 2
Raipur 6-20 mm, Fe 64/63% 07 Aug | 18.22 IST 7,200 0 + 1,275 + 1,430
Pellets 2
Bellary 6-20 mm, Fe 63% 07 Aug | 18.22 IST 6,900 + 400 + 1,150 + 600
Coal 2 Ex-India (East) - - - -

Graphite Electrode 3 Ex-India 600mm, UHP 10 Aug | 13.27 IST 280,000 NA NA NA

Mill Scale 2 FoR-Kandla Fines, Fe 70/68% 08 Aug | 17.06 IST 3,250 0 + 500 NA

Scrap 1 Ex-Mumbai HMS 10 Aug | 17.22 IST 23,100 + 200 + 2,700 NA

Scrap 1 Ex-Alang HMS 10 Aug | 17.22 IST 23,600 + 400 + 2,200 + 700
Pig Iron 1
Ex-Cuttack - - - -
Pig Iron 1 Ex-Ludhiana, Foundary Foundry Grade 10 Aug | 16.24 IST 34,200 + 300 + 2,900 + 4,300
Sponge Iron 1
Ex-Raipur Mix, FeM 80%, +/-1 10 Aug | 17.16 IST 21,000 + 800 + 3,700 + 4,800
Sponge Pellet 1
Ex-Raipur Lumps, FeM 80%, +/-1 10 Aug | 17.17 IST 20,400 + 1,200 + 4,100 + 5,100
Billet 1
Ex-Mumbai 100x100mm, IS 2831 10 Aug | 18.07 IST 30,700 + 900 + 3,200 NA
Billet 1 Ex-Raipur 100x100mm, IS 2831 10 Aug | 18.07 IST 30,750 + 1,050 + 2,750 + 3,900
TMT (Re-Bar) Secondary 12-25mm, Induction Grade,
Ex-Mumbai 10 Aug | 17.00 IST 33,400 + 700 + 2,800 - 800
mills 1 IS 1786- 500 Fe
TMT (Re-Bar) Secondary 12-25mm, Induction Grade,
Ex-Delhi/NCR 10 Aug | 17.00 IST 34,400 + 500 + 900 NA
mills 1 IS 1786- 500 Fe
40*40 Angle, Commercial
Structure 1 Ex-Mumbai 11 Aug | 10.04 IST 36,000 + 200 + 2,500 + 1,000
Grade
5.5 mm, Wire Rod,
Wire Rod 1 Ex-Raipur 10 Aug | 16.31 IST 34,000 + 900 + 2,900 + 2,900
Induction grade
HRC 2 Ex-Delhi 2.5-8mm, IS2062 05 Aug | 18.21 IST 38,750 + 1,250 + 2,500 + 500
HRC 2
Ex-Mumbai 2.5-8mm, IS2062 05 Aug | 18.21 IST 38,750 + 950 + 2,750 + 1,500
CRC 2 Ex-Delhi 0.90mm, IS 513 Gr O 05 Aug | 18.02 IST 44,250 + 1,000 + 3,250 NA
CRC 2
Ex-Mumbai 0.90mm, IS 513 Gr O 05 Aug | 18.02 IST 44,500 + 1,500 + 3,500 + 1,500
HR Plate2 Ex-Mumbai 5-10mm, IS2062 05 Aug | 18.20 IST 38,625 + 825 + 2,875 NA

GP 2 Ex-Mumbai 0.8mm, 120 GSM 01 Aug | 13.36 IST 47,250 + 750 + 750 NA
Silico Manganese 2 Ex-Raipur 60-14 10 Aug | 18.40 IST 61,000 + 1,500 0 - 4,438
Ferro Manganese 2
Ex-Raipur HC 70% 07 Aug | 13.26 IST 59,000 - 500 - 2,000 NA
Ferro Chrome 2
Ex-Jajpur HC 60% 06 Aug | 19.56 IST 60,500 - 500 - 1,500 - 1,500
Manganese Ore 2 Ex Balaghat, MOIL - - - -
Ex-Odisha OMC, E-
Chrome Ore 2 Lumps, Friable 48-50% 09 Jun | 15.52 IST 8,407 NA + 1,882 + 1,061
auction
*Basic Price GST @ 18% extra
1-Daily Assessment, 2-Weekly Assessment, 3-Monthly Assessment, W-O-W: Week On Week, 1M: Change over last month, 3M: Change over last 3 months

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 DAILY STEEL REPORT
Issue 2944, Tuesday, 11 Aug 2020

India: Silico manganese prices rise owing to better demand

Indian silico manganese prices went up by INR 1,000/t in the domestic market on
improved demand. At present, the transactional prices of silico manganese are in the
range of INR 60,000...
ON: 2020-08-10 Category: Ferro Alloy Read More

Indian DRI, billet & rebar update- 10 August

Indian steel market has seen a supportive trend today. Sponge prices rallied by INR 550-
1,200/t. Also, billet & rebar prices increased by INR 200-1,050/t across major markets. As p...
ON: 2020-08-10 Category: Semi Finished Read More

SteelMint billet index increases by INR 1,050/t on raw material concerns -

10th Aug

SteelMint billet index (Exw Raipur) has been assessed at INR 30,750/t (+1,050), Exw Raipur
on 10th August, 18:00 IST. This index has been derived based on transactions, offers, bids, ...
ON: 2020-08-10 Category: Semi Finished Read More

Indian pellet export shipments drop 7% in Jul'20

Indian pellet export shipments fell by 7% m-o-m in Jul'20 at 1.67 mn t, amid easing
Brazilian supplies post resumption of Vale's Itabira Complex in Brazil and Teluk Rubiah
terminal in ...
ON: 2020-08-10 Category: Iron Ore Read More

Indian thermal coal import shipments record dramatic rise of 60% m-o-m
in Jul'20

After touching a record low of 7.03 mn t in Jun'20, Indian thermal coal import shipments
have shown a significant rise of 60% m-o-m in July at 11.2 mn t, CoalMint vessel line-up
data r...
ON: 2020-08-10 Category: Coal Read More

more news

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 DAILY STEEL REPORT
Issue 2944, Tuesday, 11 Aug 2020

Iron Ore
PARTICULAR/DELIVERY SIZE/GRADE DELIVERY PRICE MIN MAX W-O-W 1M 3M

Indian prices (in INR/MT) As on Week 33 ( 10 Aug - 16 Aug )

NMDC 6-40 mm, Fe 65.5% F.O.R Siding 2,650 2,650 2,650 + 200 + 200 + 400
NMDC 0 -10 mm, Fe 64% F.O.R Siding 2,360 2,360 2,360 + 200 + 200 + 400
Fines, Karnataka e-auction 0 -5 mm, Fe 60% Ex-Mines 1,320 1,320 1,320 - 80 - 80 - 660
Lumps, Karnataka e-auction 10-20mm, Fe 63% Ex-Mines 2,560 2,560 2,560 + 60 + 60 - 700
Odisha Iron Ore Index 5-18 mm, Fe 63%, DR Grade Ex-mines 4,600 4,500 4,700 + 500 + 700 + 1,100
Odisha Iron Ore Index 0-10 mm, Fe 63% Ex-mines 2,350 2,300 2,400 0 + 400 + 450
Odisha Iron Ore Index 10-30mm, Fe 63%, BF Grade Ex-mines 4,150 4,100 4,200 + 500 + 900 + 1,150
Prices last updated on: 2020-08-08,Odisha index prices are ex-mines & inclusive of Royalty, DMF & NMET; NMDC Royalty, DMF & other taxes extra, Karnataka Prices in INR/MT, Royalty@15%

Global prices (in USD/MT) As on 11 Aug 2020

CNF China
Fines, Fe 61.5% (Australia Origin), Australia - $115 NA NA 0 +7 + 23

CNF India Lumps, Fe 64% (South Africa origin), South Africa - $123 $120 $125 0 +6 + 20
Prices last updated on: 2020-08-10 10:25:21,Prices on DMT basis (Daily Assessment) , India- Single Port Loading , FOB prices including demurrage , June to November: Moisture@ 10% ,
December to May: Moisture@ 8% , Or, actual moisture as per cargo certificate submitted by shipper to be adjusted

Pellets
Indian prices (in INR/MT) As on Week 33 ( 10 Aug - 16 Aug )

Ex-Barbil 6-20 mm, Fe 64/63% FOR Siding 6,850 6,700 7,000 + 400 + 950 + 1,600
Ex-Durgapur 6-20 mm, Fe 63% Ex-Works 7,300 7,200 7,400 0 + 1,600 + 1,800
Ex-Raipur 6-20 mm, Fe 64/63% Ex-Works 7,200 7,200 7,200 0 + 1,275 + 1,430
Ex-Bellary 6-20 mm, Fe 63% Ex-Works 6,900 6,800 7,000 + 400 + 1,150 + 600
Prices last updated on: 2020-08-07,Weekly Assessment, GST @ 5% extra., Barbil and Kandla - Prices Loaded to Wagons

Global prices (in USD/MT) As on Week 33 ( 10 Aug - 16 Aug )

6-20 mm, Fe 64% (India Origin), India - $120 NA NA +2 + 7.75 + 15.75

CNF China
6-20 mm, Fe 65% (Brazil Origin), Brazil - $128 NA NA 0 +5 + 14.5
FOB India 6-20 mm, Fe 64% - $107 NA NA +1 + 7.25 + 10.75
Prices last updated on: 2020-08-06,

Coal
Global prices (in USD/MT) As on Week 33 ( 10 Aug - 16 Aug )

FOB Australia Premium HCC - $107.75 NA NA - 3.5 - 7.87 - 6.25

Prices last updated on: ,

Scrap
Indian prices (in INR/MT) As on 11 Aug 2020

Ex-Alang HMS(80:20) Ex-Yard 23,600 23,500 23,800 + 400 + 2,200 + 700

Ex-Mumbai HMS(80:20) DAP 23,100 23,000 23,300 + 200 + 2,700 NA
Ex-Chennai HMS(80:20) DAP 22,700 22,500 22,800 + 100 + 1,200 + 1,600
Ex-Alang HMS(80:20), Ship Breaking Ex-Yard 24,200 24,100 24,300 + 600 + 2,700 + 1,600
Prices last updated on: 2020-08-11 10:54:09,Daily Assessment , Basic Price GST @ 18% extra,

Global prices (in USD/MT) As on Week 33 ( 10 Aug - 16 Aug )

HMS 1&2(80:20) (Containers, Europe Origin), Europe - $283 $280 $285 + 7.33 + 32 + 36
CNF India
Shredded (Containers, Europe Origin), Europe - $315 $313 $317 +5 + 30 + 41
CNF Turkey HMS 1&2(80:20) (Bulk, US Origin), USA - $285 $283 $287 + 4.17 + 26.4 + 31
Prices last updated on: 2020-08-10,Weekly Assessment

Note:- W-O-W: Week On Week, 1M: Change over last month, 3M: Change over last 3 months

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 DAILY STEEL REPORT
Issue 2944, Tuesday, 11 Aug 2020

Sponge
SPONGE IRON (C-DRI) PELLET SPONGE (P-DRI)
REGION PARTICULAR
PRICE CHANGE W-O-W 1M PRICE CHANGE W-O-W 1M

Indian prices (in INR/MT) As on 10 Aug 2020

East India Durgapur 21,000 + 750 + 1,750 + 3,250 20,100 + 550 + 1,650 + 3,350
East India Rourkela 20,000 + 800 + 2,100 + 3,750 - - - -
Central India Raigarh 20,500 + 800 + 2,500 + 3,650 19,500 + 800 + 2,500 + 3,600
Central India Raipur 21,000 + 800 + 2,650 + 3,700 20,400 + 1,200 + 3,000 + 4,100
South India Bellary 18,500 + 600 + 1,000 + 3,100 18,500 + 700 + 1,000 + 3,300
South India Hyderabad - - - - 19,100 + 700 + 1,200 + 3,500
All prices are basic, GST extra.

Scrap
PARTICULAR/DELIVERY SIZE/GRADE DELIVERY PRICE MIN MAX W-O-W 1M 3M

Indian prices (in INR/MT) As on 11 Aug 2020

Ex-Mandi HMS(80:20), Old Scrap DAP 22,900 22,700 23,100 + 700 + 2,100 + 2,100
Ex-Durgapur HMS(80:20) DAP 26,000 25,800 26,200 + 500 + 3,000 + 3,700
Ex-Raipur HMS(80:20) DAP 25,200 25,000 25,400 + 200 + 3,200 + 3,700
Ex-Raipur End Cutting DAP 26,500 26,300 26,600 + 500 + 3,500 + 4,000
Ex-Ahmedabad HMS(80:20) DAP 23,100 22,900 23,300 + 500 + 2,400 NA

Ex-Mumbai HMS(80:20) DAP 23,100 23,000 23,300 + 200 + 2,700 NA

Ex-Chennai HMS(80:20) DAP 22,700 22,500 22,800 + 100 + 1,200 + 1,600
Ex-Hyderabad HMS, Commercial Grade DAP 18,900 18,800 19,000 + 200 + 1,400 - 700
Prices last updated on: 2020-08-10 17:22:36,Daily Assessment , Basic Price GST @ 18% extra,

Pig Iron
Indian prices (in INR/MT) As on 11 Aug 2020

Ex-Ludhiana Steel Grade Ex-Works 31,200 31,000 31,500 + 500 + 3,400 + 4,900
Ex-Durgapur Steel Grade Ex-Works 27,800 27,500 28,000 + 300 + 3,000 + 4,500
Ex-Raigarh Steel Grade Ex-Works 27,900 27,800 28,000 + 400 + 4,200 + 5,000
Ex-Raipur Steel Grade Ex-Works 28,500 28,300 28,700 + 500 + 4,600 + 5,600
Ex-Ludhiana Foundry Grade Ex-Works 34,200 34,100 34,300 + 300 + 2,900 + 4,300
Prices last updated on: 2020-08-10 16:24:35,Indian pig iron price assessment frequency has been increased from weekly to daily basis.

Sponge Iron (C-DRI) -78-80 FeM (Recovery 85%) Scrap - HMS, Mixed (Recovery 94%) Pig Iron - Steel Grade, 0.5 -1.4% Silicon

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 DAILY STEEL REPORT
Issue 2944, Tuesday, 11 Aug 2020

Ingot/Billet
INGOT BILLET REBAR
REGION PARTICULAR
PRICE CHANGE 1M PRICE CHANGE 1M PRICE CHANGE 1M

Indian prices (in INR/MT) As on 10 Aug 2020

North India Ghaziabad 31,800 + 1,000 + 2,300 - - - - - -

North India Mandi Gobindgarh 32,800 + 800 + 2,200 32,950 + 850 + 2,300 36,700 + 500 + 1,400
North India Muzaffarnagar 31,700 + 800 + 2,250 - - - 34,000 + 600 + 1,500
East India Durgapur 29,900 + 400 + 2,500 30,100 + 500 + 2,200 32,700 + 900 + 1,400
East India Rourkela 29,500 + 850 + 2,900 29,900 + 900 + 2,800 32,800 + 500 + 2,300
Central India Raigarh 29,700 + 800 + 2,950 30,300 + 900 + 2,900 33,000 + 1,000 + 2,400
Central India Raipur 30,400 + 1,000 + 2,900 30,750 + 1,050 + 2,750 33,500 + 800 + 2,500
West India Ahmedabad 31,600 + 1,100 + 3,200 32,200 + 900 + 3,500 34,900 + 500 + 2,000
West India Goa 29,900 0 + 2,200 30,200 0 + 2,200 34,700 + 600 + 800
West India Jaipur 31,800 + 1,000 + 2,500 - - - - - -
West India Mumbai 30,400 + 900 + 3,100 30,700 + 900 + 3,200 33,400 + 700 + 2,800
South India Hyderabad 29,900 + 200 + 1,700 30,200 + 200 + 1,700 33,700 + 200 + 1,300
South India Chennai - - - 30,500 + 300 + 1,100 34,600 + 200 - 300
West India Jalna - - - - - - 34,200 + 500 + 2,500
South India Bangalore - - - - - - 34,300 + 300 + 400
All prices are basic, GST @ 18% extra.

Rebar (Medium & Small Scale Producers)

PRICE @
PARTICULAR/DELIVERY SIZE/GRADE DELIVERY PRICE MIN MAX W-O-W 1M 3M
18%GST

Indian prices (in INR/MT) As on 11 Aug 2020

Ex-Mandi Gobindgarh 12-25mm Ex-Works 36,700 36,500 36,900 43,300 + 500 + 1,400 NA
Ex-Muzaffarnagar 12-25mm Ex-Works 34,000 33,800 34,100 40,100 + 600 + 1,500 - 300
Ex-Durgapur 12-25mm Ex-Works 32,700 32,500 32,900 38,600 + 900 + 1,400 + 200
Ex-Rourkela 12-25mm Ex-Works 32,800 32,600 32,900 38,700 + 500 + 2,300 - 200
Ex-Raigarh 12-25mm Ex-Works 33,000 32,800 33,100 38,900 + 1,000 + 2,400 - 500
Ex-Raipur 12-25mm Ex-Works 33,500 33,500 33,700 39,500 + 800 + 2,500 - 300
Ex-Ahmedabad 12-25mm Ex-Works 34,900 34,700 35,100 41,200 + 500 + 2,000 - 700
Ex-Goa 12-25mm Ex-Works 34,700 34,500 34,900 40,900 + 600 + 800 - 1,800
Ex-Jalna 12-25mm Ex-Works 34,200 34,000 34,400 40,400 + 500 + 2,500 NA
Ex-Mumbai 12-25mm Ex-Works 33,400 33,200 33,600 39,400 + 700 + 2,800 - 800
Ex-Bangalore 12-25mm Ex-Works 34,300 34,200 34,600 40,500 + 300 + 400 - 1,700
Ex-Chennai 12-25mm Ex-Works 34,600 34,400 34,800 40,800 + 200 - 300 - 1,700
Ex-Hyderabad 12-25mm Ex-Works 33,700 33,500 33,800 39,800 + 200 + 1,300 - 800
Prices last updated on: 2020-08-10 17:00:21,Daily Assessment, Induction Grade, Grade-500 Fe, Basic Price GST @ 18% extra ,

Structure (Medium & Small Scale Producers)

75
REGION/ZONE PARTICULAR 40 ANGLE CHANGE 1M CHANGE 1M 200 BEAM CHANGE 1M
CHANNEL

Indian prices (in INR/MT) As on 11 Aug 2020

North India Ghaziabad - - - - - - 37,500 + 800 + 2,600

East India Durgapur 32,800 + 200 + 1,500 35,300 + 200 + 1,500 34,300 + 200 + 1,500
Central India Raipur - - - 34,400 + 1,100 + 2,500 34,600 + 700 + 2,500
West India Ahmedabad 35,000 + 700 + 1,900 35,000 + 700 + 1,900 36,000 + 700 + 1,900
West India Mumbai 36,000 + 200 + 2,500 36,800 + 200 + 2,500 37,200 + 200 + 2,500
South India Hyderabad 35,700 + 600 + 1,900 35,300 + 600 + 1,900 - - -
Indian Structure price assessment frequency has been increased from weekly to daily basis, All prices are basic,Commercial Grade, Basic Price GST @ 18% extra
Re-bar - 12mm, Fe 500 Grade
Ingot - 3.5"*4.5", Commercial Grade Billet - 100*100, 125*125, S+P> 0.1 %,
Structure - Commercial Grade, 40x40 Angle

Note:- W-O-W: Week On Week, 1M: Change over last month, 3M: Change over last 3 months

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 DAILY STEEL REPORT
Issue 2944, Tuesday, 11 Aug 2020

Wire Rod
PARTICULAR SIZE/GRADE RAIPUR CHANGE W-O-W DURGAPUR CHANGE W-O-W

Indian prices (in INR/MT) As on date 10-Aug-2020

Wire Rod, Induction grade 5.5 mm 34,000 + 900 + 1,900 33,000 + 600 + 1,500

Binding Wire, Induction grade 20 Gauge 41,300 + 900 + 1,300 41,800 + 600 + 1,200

Induction grade, 12 Gauge HB Wire 37,000 + 900 + 1,900 - - -

HB Wire, Induction grade 12 Gauge - - - 35,000 + 500 + 1,500

Barbed Wire, Induction grade 12*12 Gauge 45,000 + 800 + 1,000 42,300 + 500 + 1,000

GI Wire, Induction grade 12 Gauge 42,000 + 800 + 1,000 46,600 + 600 + 400
Weekly Assessment,Commercial Grade, Basic Price GST @ 18% extra

Finished Flat
HRC CRC
REGION PARTICULAR
PRICE CHANGE W-O-W 1M PRICE CHANGE W-O-W 1M

Indian prices (in INR/MT) As on 10 Aug 2020

North India Delhi 38,750 + 1,250 + 1,250 + 2,500 44,250 + 1,000 + 1,000 + 3,250
North India Ludhiana 39,250 + 1,000 + 1,000 + 2,500 44,750 + 1,750 + 1,750 + 3,500
East India Kolkata 36,750 + 500 + 500 + 2,500 43,500 + 1,000 + 1,000 + 2,250
West India Ahmedabad 39,750 + 500 + 500 + 2,500 44,375 + 875 + 875 + 1,875
West India Mumbai 38,750 + 950 + 950 + 2,750 44,500 + 1,500 + 1,500 + 3,500
South India Chennai 39,750 + 1,000 + 1,000 + 2,000 44,750 + 750 + 750 + 2,750
South India Hyderabad 39,750 + 500 + 500 + 1,500 44,250 + 750 + 750 + 2,000
All prices are basic, GST @ 18% extra.

Ferro Alloys
PARTICULAR/DELIVERY SIZE/GRADE DELIVERY PRICE MIN MAX W-O-W 1M 3M
25-150 mm, 60-14 Ex-Durgapur 60,500 60,000 61,000 + 1,500 + 833 - 4,250
Silico Manganese
60-14 Ex-Raipur 61,000 NA NA + 1,500 0 - 4,438
Ferro Silicon HC 70% Ex-Guwahati 71,500 71,000 72,000 0 - 1,000 - 10,500
Ferro Manganese HC 70% Ex-Durgapur 59,000 NA NA - 500 - 1,000 NA
Ferro Chrome HC 60% Ex-Jajpur 60,500 60,000 61,000 - 500 - 1,500 - 1,500
Ex-Jajpur (OMC-
Chrome Ore Friable 54%+ 9,804 NA NA NA + 1,532 + 1,469
eAuction)
Prices last updated on: 2020-06-09,OMC E-Auction Prices Including Royalty

Ferro Chrome 10-150mm, HC 60% (cents/lb), India CNF China ¢66.5/lb NA NA 0 - 0.5 + 1.5
Ferro Manganese HC 75% FOB India $835 $830 $840 0 - 65 NA

Silico Manganese 65-16 FOB India $880 NA NA + 40 -5 - 110

Prices last updated on: 2020-08-10,Weekly Assessment

Note:- W-O-W: Week On Week, 1M: Change over last month, 3M: Change over last 3 months

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 DAILY STEEL REPORT
Issue 2944, Tuesday, 11 Aug 2020

SteelMint billet index increases by INR 1,050/t on raw material concerns -

10th Aug
10 Aug 2020

Rationale:

SteelMint billet index (Exw Raipur) has been assessed at INR 30,750/t (+1,050), Exw Raipur on 10th August, 18:00 IST.

● This index has been derived based on transactions, offers, bids, and indicative price data sets. Transactions are considered as T1 and
given a weightage of 50% whereas other data sets are considered as T2 and given a weightage of the balance 50%.
● Transactions T1 - Three trades were recorded in the 2.30 to 5.30 pm SteelMint trading window and considered for final price calculation
as T1 inputs. One trade was concluded at INR 30,600/t, while one trade at INR 30,700/t & one at INR 30.750/t. Also four trades were
recorded at INR 30,500, one at INR 30,400/t & one at INR 30,800/t but these trades have been excluded from the final price calculations
due to the timing. The average price of these three transactions was INR 30,650/t and given a 50% weightage in the final price
calculation.
● Other Price Indicators (Firm bids/offers) T2 - There were six offers reported in the trading window and considered as T2 inputs. The
average price of these was INR 30,890/t and given a 50% weightage in the final price calculation.

The final price for billet ex-Raipur was INR 30,770/t, rounded to INR 30,750/t Exw.

Observations

● Concerns of raw material supply

● Renewed buying interest in finished steel
● Low conversion due to rising sponge prices, influence billet makers to keep prices strong
● Large mills raise Re-bar prices

For detailed methodology - click here

From SteelMint Team - While it would be our earnest endeavour, at SteelMint, to bring about transparent and unbiased price index
reporting, we would request all our readers and subscribers for their feedback and if they could participate in the reporting of more
transactions.

For detailed methodology - click here

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 DAILY STEEL REPORT
Issue 2944, Tuesday, 11 Aug 2020

Global Prices
COMMODITY PARTICULAR GRADE/SIZE PRICE CHANGE W-O-W 1M 3M

China
Export
Billet FOB China 125*125, BF Grade $433 +7 + 12 + 16.5 + 47.33

TMT (Re-Bar) FOB China Commerical $477 +7 +7 + 18.5 + 32

Wire Rod FOB China 5.5mm $475 +8 +8 + 18 + 48.5

HRC FOB China 2.5mm $495 + 10 + 10 + 40 + 82

CRC FOB China 0.90 mm $528 + 18 + 18 + 33 + 75

Import
Iron Ore CNF China Lumps Fe 64/63%, South Africa $115 -2 +1 +7 + 15

Iron Ore CNF China Fines Fe 62%, Australia $119 0 +3 +7 + 23

Pellets CNF China 6-20mm, BF Grade $128 0 0 +5 + 14.5

Coking Coal CNF China Premium HCC, Australia $119 - 2.38 - 2.38 - 9.75 - 3.5

Mill Scale CNF China 70/68% NA NA NA NA NA

FeCr CNF China HC 60% ¢66.5/lb 0 0 - 0.5 + 1.5

Mn Ore CNF China Mn 46% Lumps, Australia $4.55/dmtu 0 0 - 0.55 - 2.55

Mn Ore CNF China Mn 38%, South Africa $3.95/dmtu 0 0 0 - 2.5

CIS Nations
Export
Billet FOB Black Sea 125*125, BF Grade $393 +5 + 10.5 + 30 + 52

Slabs FOB Black Sea Commercial $403 +3 +3 + 30 + 67.67

Pig Iron FOB Black Sea Steel Grade $331 + 10 + 10 + 18 + 38

TMT (Re-Bar) FOB Black Sea Commercial $432 + 10 + 10 + 21 + 51

HRC FOB Black Sea 2.5mm $440 + 32 + 32 + 32 + 82

CRC FOB Black Sea 0.90mm $493 + 33 + 33 + 30 + 35

Japan/Korea
Export
HRC FOB Korea 2.5mm $478 + 25 + 25 + 43 + 70

Import
FeCr CNF Japan HC 60% ¢70/lb 0 0 0 +2

Note:- W-O-W: Week On Week, 1M: Change over last month, 3M: Change over last 3 months, All prices are weekly assessment, Iron Ore are daily assessment

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 DAILY STEEL REPORT
Issue 2944, Tuesday, 11 Aug 2020

COMMODITY PARTICULAR GRADE/SIZE PRICE CHANGE W-O-W 1M 3M

India
Export
Iron Ore FOB India Fines, Fe 58/57% NA NA NA NA NA

Mill Scale FOB India 70/68% NA NA NA NA NA

Billet FOB India 95*95mm $405 0 -3 + 19.5 + 40

Billet FOB India 150*150mm $400 0 -3 + 19.5 + 40

Pig Iron FOB India Steel Grade $335 0 0 + 20 + 42

HRC FOB India 2.5mm $495 + 20 + 20 + 50 + 100

CRC FOB India 0.9mm $545 + 32 + 32 + 70 + 92

SiMn FOB India 60/14% $820 + 35 + 35 + 20 - 50

FeMn FOB India HC 75% $835 0 0 - 65 NA

FeSi FOB Bhutan 70-75% $1,100 0 0 0 - 150

Import
Iron Ore CNF India Lumps Fe 64%, South Africa $123 0 +6 +6 + 20

Scrap CNF India HMS 1&2 ,Middle East NA NA NA NA NA

Scrap CNF India Shredded, Europe $315 +5 +5 + 30 + 41

Coking Coal CNF India Premium HCC, Australia $120.85 - 2.97 - 2.97 - 7.1 - 1.3

Non-Coking Coal CNF India RB2 5500 NAR, South Africa NA NA NA NA NA

Met Coke CNF India 62%, China NA NA NA NA NA

Pellets CNF India 6-20mm, BF Grade NA NA NA NA NA

Wire Rod CNF India 5.5mm, China $465 -2 -1 + 23 + 45

HRC CNF India 2.5mm, China $520 + 10 + 10 + 40 + 82

HRC CNF India 2.5mm, Korea $495 +7 +7 + 27 + 90

CRC CNF India 0.90mm, China $553 + 18 + 18 + 33 + 75

HR Plate CNF India A 36 NA NA NA NA NA

Mn Ore CNF India Mn 38%, South Africa $3.95/dmtu 0 0 0 - 2.5

Europe & US
Export
Pig Iron FOB Brazil Steel Grade $325 0 0 + 10 + 35

Import
Scrap CFR Turkey HMS (80:20), US $285 + 4.17 + 4.17 + 26.4 + 31

HRC CIF Europe 2.5mm $535 + 10 + 10 + 40 + 82

Middle East & Africa

Export
Iron Ore FoB South Africa Lumps, Fe 64/63% NA NA NA NA NA

Non Coking Coal FoB South Africa RB2 5500 NAR NA NA NA NA NA

Import
Billet CNF Dubai 125*125, China NA NA NA NA NA

HRC CNF Dubai 2.5mm, China $485 + 15 + 15 + 42 + 120

Note:- W-O-W: Week On Week, 1M: Change over last month, 3M: Change over last 3 months, All prices are weekly assessment, Iron Ore are daily assessment

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 DAILY STEEL REPORT
Issue 2944, Tuesday, 11 Aug 2020

Intel
Iron Ore
» Eastern India based pellet maker concludes 55,000 t export deal Aug 10, 2020 16:35

» Chinese iron ore and rebar futures fall marginally Aug 10, 2020 15:39

» India: Raipur pellet offers up by INR 200/t ($3) Aug 08, 2020 19:27

» India: NMDC to auction 116,000 t iron ore from Chhattisgarh Aug 08, 2020 12:20

» Spot iron ore fines price falls after sharp gains Aug 08, 2020 10:46

Coal
» India: CIL allocations under e-auctions up 21.5% in Q1 Aug 09, 2020 20:20

» India: CIL revises annual production target to 650-660 mn t Aug 09, 2020 20:14

» Australian coking coal price inches up on new bookings Aug 08, 2020 10:52

» Chinese coal imports fall 3.2% m-o-m in July Aug 08, 2020 10:06

» Australian coking coal price remains stable amid cautious buying Aug 07, 2020 10:54

Scrap & Metallics

» Sponge iron offers in eastern India hit over 1-year high Aug 10, 2020 19:06

» India : SAIL's pig iron auction receives bid higher by INR 3,500/t ($47) Aug 10, 2020 18:51

» Two bulk scrap cargoes booked by Bangladeshi steel mills Aug 10, 2020 18:11

» South Korea: POSCO hikes bid for Japanese scrap Aug 10, 2020 13:49

» Indian sponge iron export offers rally on domestic gains Aug 08, 2020 13:39

Steel
» China: Shagang Steel rolls over rebar prices for mid-Aug Aug 11, 2020 10:31

» India: Soma Mondal selected as new SAIL Chairman Aug 10, 2020 21:59

» Vietnam: Hoa Phat's steel pipe exports up 16% y-o-y in Jan-Jul '20 Aug 10, 2020 18:43

» India: SAIL makes 2nd hike in flat steel list price for Aug'20 Aug 10, 2020 18:27

» China: Baosteel increases flat steel prices by RMB 200-260/t ($29-37) for Sep '20 Aug 10, 2020 17:07

Ferro Alloy
» India: 400 t silico manganese booked in SAIL's auction Aug 10, 2020 20:04

» India's SAIL to conduct auction for 800 t silico manganese Aug 08, 2020 10:01

» Tisco reduces HC ferro chrome tender price by RMB 300/t Aug 07, 2020 20:46

» South African ferro chrome output facing major wipe-out Aug 07, 2020 15:48

» OMC chrome ore auction receives poor response Aug 07, 2020 13:18

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 DAILY STEEL REPORT
Issue 2944, Tuesday, 11 Aug 2020

Live Tenders
COMPANY TYPE GRADE QUANTITY EXPIRY DATE LOCATION VIEW

Billet/ingot/slab
SAIL Sell billet & blooms 1,448 MT 11 Aug, 2020 Kolkata, West Bengal, India
Coking
RINL Buy Low Ash Coking Coal 4 MnT 30 Oct, 2020 Visakhapatnam, Andhra Pradesh, India
Fines/lumps
Kiriburu Iron Ore Fines Size: [-10 mm]
SAIL Sell 200,000 MT 18 Aug, 2020 Kolkata, West Bengal, India
Fe:62% (Indicative)
Meghahatuburu Iron Ore Fines Size: [-10
SAIL Sell 300,000 MT 11 Aug, 2020 Kolkata, West Bengal, India
mm] Fe:62% (Indicati
Gua Iron Ore Fines (From old dump) Size: [-
SAIL Sell 500,000 MT 14 Aug, 2020 Kolkata, West Bengal, India
10 mm] Fe:60% (In
SAIL Sell Iron Ore Rajhara Mine 28,000 MT 24 Aug, 2020 Bhilai, Chattisgarh, India
SAIL Sell Bolani Ores Mines Iron Ore Fines 100,000 MT 26 Aug, 2020 Kolkata, West Bengal, India
SAIL Sell Dalli Fines Size:[-10 mm] Fe:62.96% 28,000 MT 20 Aug, 2020 Bhilai, Chattisgarh, India
Barsua - Iron Ore Tailing Size: [-]10 mm
SAIL Sell 100,000 MT 24 Aug, 2020 Kolkata, West Bengal, India
Fe:54.5%, Size: [-]
Barsua - Iron Ore Fines Size: [-]10 mm
SAIL Sell 40,000 MT 20 Aug, 2020 Kolkata, West Bengal, India
Fe:61.3% (Indicative)
NMDC Sell baila lump & fines 56,000 MT 14 Aug, 2020 Hyderabad, Telangana, India
NMDC Sell Baila ROM & lumps 60,000 MT 14 Aug, 2020 Hyderabad, Telangana, India
1,449,500 MT
MSTC Sell Lumps & fines 11 Aug, 2020 Bangalore, Karnataka, India

MSTC Sell Lumps & fines 125,000 MT 12 Aug, 2020 Bangalore, Karnataka, India
MSTC Sell Lumps & fines 351,000 MT 14 Aug, 2020 Bangalore, Karnataka, India
MSTC Sell Lumps & fines 92,000 MT 14 Aug, 2020 Bangalore, Karnataka, India
Non Coking
MSTC Sell Coal block 1 MT 18 Aug, 2020 New Delhi, Delhi, India
Pig Iron
SAIL Sell off grade 2,850 MT 12 Aug, 2020 Bokaro, Jharkhand, India
Silico Manganese
RINL Buy Silico Manganese 102,000 MT 31 Mar, 2021 Visakhapatnam, Andhra Pradesh, India
Used Plants And Machines
Gurukripa steels Sell plant and machinery items 1 MT 31 Aug, 2020 Mumbai, Maharashtra, India
View All

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