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MINDBLOWN: A BLOG ABOUT PHILOSOPHY.


 * BANGLADESH: IMPORTED SCRAP MARKET SOFT AMID LIMITED INQUIRIES; BULK SCRAP
   OFFERS RISE W-O-W
   
   The Bangladesh imported ferrous scrap market experienced a slowdown
   post-election, leading to reduced scrap offers with weak interests from the
   buyer side. Shredded scrap prices from Europe were indicated at $435-438/t
   CFR Chattogram, with HMS (80:20) reported at $415-418/t CFR. Containerised
   shredded offers from Australia ranged from $432-436/t, and Dubai-origin HMS
   was quoted at $422-425/t, […]
   
   January 10, 2024
   


 * INDIA: ALUMINIUM ADC12 PRICES CONTINUE TO REMAIN ON HIGHER SIDE W-O-W
   
   Aluminium ADC12 alloy ingot automobile equivalent spot prices rose by INR
   500/t to INR 190,000/t despite range-bound Tense prices at INR 159,000/t exy
   Delhi, excluding GST, as per SteelMint’s assessment. In India, original
   equipment manufacturers (OEMs) experienced a m-o-m increase in the prices of
   aluminium ADC12, rising by INR 6,000/t to reach INR 198,000/t exw […]
   
   January 10, 2024
   


 * INDIA: STEELMINT’S PELLET EXPORT INDEX FALLS BY $7/T FOLLOWING SHARP DECLINE
   IN FUTURE PRICES
   
   Bid offers disparity rises to $10/t No inquiries this week for Indian pellets
   in sea market SteelMint’s India pellet (Fe 63%, 3% Al) export (FOB east
   coast) index decreased by $7/t w-o-w to $125/t on 10 January 2024. No deal
   for the Fe 63% pellet was reported from the East Coast in this publishing
   window […]
   
   January 10, 2024
   


 * INDIA: STAINLESS STEEL PRICES FALL W-O-W AMID LIMITED DEMAND
   
   The stainless steel market has been facing a challenging scenario recently,
   witnessing a decline in prices for finished materials. This downturn caused
   sluggish sales and reduced demand in the market. However, amidst this overall
   decline, there is a contrasting trend for JT-grade stainless steel, where
   prices have shown a w-o-w increase. This is due to […]
   
   January 10, 2024
   


 * DRY BULK FREIGHT RATES WEAKEN ON LACKLUSTER ACTIVITIES
   
   Dry bulk freight rates have slowed down w-o-w in the global market amid
   lackluster activities. The disturbance in the Red Sea continued, creating a
   difficult situation for shipping and insurance companies. Asia-Pacific
   Supramax dry bulk (cargo capacity 50,000-55,000 t) freight rates of an iron
   ore-loaded Supramax vessel from the east coast of India to China […]
   
   January 10, 2024
   


 * INDIA: IRON ORE CONCENTRATE PRICES RISE BY INR 100/T W-O-W AMID ACTIVE TRADES
   
   Active trades pushed up offers Stability in pellet and Odisha iron ore prices
   also supported prices Iron ore concentrate prices in Jabalpur, central India,
   rose by INR 100/t w-o-w. Active trades, stability in pellet and Odisha iron
   ore prices have supported iron ore concentrate prices, SteelMint noted.
   SteelMint’s bi-weekly index for Fe 63% concentrate currently […]
   
   January 10, 2024
   


 * SOUTH ASIA: IMPORTED SCRAP PRICES STABLE; BUT BID-OFFER DISPARITIES SEEN AMID
   UNCERTAIN FREIGHT RATES
   
   The South Asian ferrous scrap market experienced a steady performance d-o-d.
   Indian buyers exercised caution, refraining from active involvement due to
   the existing price gap between domestic and imported scrap. In Pakistan, the
   market displayed a subdued atmosphere, with buyers choosing to source scrap
   from the Middle East instead because of the recent developments in […]
   
   January 10, 2024
   


 * INDIA: MILL SCALE PRICES EXHIBIT MIXED SENTIMENTS IN KEY MARKETS
   
   Raipur mill scale (Fe 68-70%) prices dropped by INR 50/t to INR 7,450/t exw
   on 10 Jan’24 against 6 Jan. A deal of 4,400 t mill scale got booked at INR
   7,200-7,500/t exw Raipur. However, Kandla prices remained stable at INR
   8,250/t DAP. Around 10,600 t of deals were recorded at INR 8,200-8,750/t DAP
   Kandla.
   
   January 10, 2024
   


 * INDIA: STEELMINT’S SCRAP INDEX RISES INR 200/T ON IMPROVED STEEL DEMAND
   
   SteelMint’s domestic steel scrap (end-cutting) index rose by INR 200/tonne
   (t) d-o-d to INR 37,800/t DAP Mandi Gobindgarh on 10 January, 2024. Prompt
   demand for semi-finished and finished steel lifted market sentiments today.
   As demand escalated, mills sourced scrap in considerable volumes. Steel ingot
   prices in Mandi increased by INR 300/t to INR 43,300/t at […]
   
   January 10, 2024
   


 * INDIAN DRI, BILLET AND REBAR UPDATE- 10 JAN’23
   
   India’s induction furnace (IF) steel market saw mixed price trends as offers
   floated by the mills varied in the range of INR 100-500/tonne (t) d-o-d on 10
   January,2024. Sponge iron prices fluctuated by INR 100-300/t. Prices
   increased by INR 200/t in the Durgapur market. However a price drop of INR
   300/t was noticed in Hyderabad […]
   
   January 10, 2024
   

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