Metalbook

Steel Market Update: Prices Subdued Amid Holi Festivities



1️⃣ Steel Prices Dip: Market activity slowed, with semi-finished steel prices down ₹50-500/t. Sponge iron fluctuated across regions.



2️⃣ Pellet & Iron Ore Steady: BigMint’s Fe 63% pellet index held at ₹9,850/t. Export markets remained weak amid low buying interest.



3️⃣ Imported Scrap Sluggish: Shredded scrap (UK/EU) quoted at $375-380/t CFR India, with limited trades due to bid-offer mismatches and sponge iron’s cost advantage.



4️⃣ HRC & CRC Trends: HRC prices fluctuated at ₹48,900-51,000/t, while CRC stayed firm at ₹54,800-58,800/t as domestic demand slowed.



Source: BigMint (formerly SteelMint/CoalMint) https://surl.li/cqpqlt



#SteelMarket #PriceTrends #HoliImpact #MetalIndustry

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9 months ago | [YT] | 1

Metalbook

Steel Market Update – Price Trends & Trade Insights



1️⃣ Semi-Finished Steel Prices Rise

Billet prices increased by ₹100-800/tonne across key locations, with the highest surge in Hindupur.



2️⃣ Iron Ore & Pellet Market Trends

Domestic Fe63% pellet prices remained steady at ₹9,850/tonne, while export prices dropped by $6/tonne to $96/tonne FOB east coast.



3️⃣ Imported Scrap Market Sluggish

UK/European shredded scrap offers at $375-380/tonne CFR Nhava Sheva saw limited deals due to weak demand.



4️⃣ Finished Long Steel Prices Gain Momentum

Prices rose by ₹100-600/tonne, driven by active trading and lower inventory pressure.



Source: BigMint (formerly SteelMint/CoalMint) https://surl.li/oipqfi



Stay updated with the latest steel market movements!



#SteelMarket #PriceTrends #IronOre #ScrapMetal #Manufacturing #Metalbook

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10 months ago | [YT] | 0

Metalbook

Global Steel Watch – 10th March 2025

1️⃣ AHMSA Asset Valuation Completed
Mexico’s AHMSA completes asset valuation; auction may help settle debts and restart steel production.
📌 Source: Steel Market Update https://surl.gd/dmksqp


2️⃣ BlueScope Advises Whyalla Steelworks
BlueScope appointed advisor for Australia’s Whyalla steelworks, offering technical support without financial commitment.
📌 Source: AIST - AIST - Association for Iron & Steel Technology https://surl.li/vdtidc


3️⃣ Safeguard Duty to Boost Steel Prices
Nomura predicts India’s safeguard duty could raise steel prices, benefiting mills but increasing iron ore costs.
📌 Source: GMK Center https://surl.li/kiolkc


4️⃣ EU Energy Policies Criticized
UNESID urges EU reforms for competitive energy pricing, warning of risks to steel industry competitiveness.
📌 Source: NDTV Profit https://surl.li/taibzq


#GlobalSteelWatch #SteelIndustry #Manufacturing #AHMSA #Whyalla
#SteelPrices #EUenergy #IndustrialNews

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10 months ago | [YT] | 0

Metalbook

Steel and Raw Material Market Update!

Semi-finished steel prices rise : Billet and sponge iron costs increased, pushing finished long steel prices up by INR 200-800 per tonne.

Iron ore & pellet trends : Domestic pellet prices rose INR 50 per tonne, while export prices dropped $4.5 per tonne due to weak global demand.

Coal price movements : South African RB2 coal fell to INR 8,500 per tonne, while Indonesian non-coking coal surged amid rising freight rates.

Ferro alloys fluctuations : Silico manganese fell INR 250 per tonne, and ferro silicon dropped INR 400 per tonne as imports gained preference.

Source: BigMint (formerly SteelMint/CoalMint ) https://surl.li/mghbmp

#SteelMarket #IronOre #CoalPrices #FerroAlloys #SteelIndustry #RawMaterials #Manufacturing #MetalMarket #CommodityPrices #MarketUpdate

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10 months ago | [YT] | 1

Metalbook

Steel & Infrastructure Updates – What’s New?
1️⃣ GHMC Approves Major Road & Flyover Expansion. Source: Construction World https://surli.cc/kpgxlt


2️⃣ UK Extends Anti-Dumping Duty on Chinese Steel. Source: South East Asia Iron and Steel Institute (SEAISI) https://surl.li/qjeops


3️⃣ Salzgitter Begins 100MW Hydrogen Plant Construction. Source: H2 View https://surl.li/wofhdr


4️⃣ Mitsui Acquires 40% Stake in Rhodes Ridge. Source: Mining Technology & MINE Magazine https://surl.li/lpdfuj


💬 What’s your take on these developments? Share your thoughts below!
#SteelIndustry #Infrastructure #GreenSteel #Metalbook #Manufacturing

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10 months ago | [YT] | 0

Metalbook

Tata Steel is making a major green shift with a £1.25 billion transition to Electric Arc Furnaces at Port Talbot, backed by £500 million from the UK government. This move aims to cut carbon emissions by 90% while securing thousands of jobs.

How will this impact global steel production?
Will India follow a similar path?
Can this set a precedent for other steelmakers?
Swipe through to explore the implications of this transition and its role in the global decarbonization push.


Read more: [https://surl.li/zytewx]

#GreenSteel #TataSteel #Decarbonization #SustainableManufacturing #SteelIndustry #NetZero #UKPolicy #ClimateAction

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10 months ago | [YT] | 0

Metalbook

Major Steel & Infrastructure Updates – What’s Changing?

Date: 21st February, 2025


💬 What’s your take on these developments? Drop your thoughts below!

#SteelIndustry #Manufacturing #GreenSteel #Infrastructure #Metalbook

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10 months ago | [YT] | 0

Metalbook

Big Moves in Steel & Infrastructure – Know More

Date: 20th February, 2025

💬 How will these changes impact the industry? Share your thoughts below!

#SteelIndustry #GreenSteel #GlobalTrade #MSME #Infrastructure #Metalbook

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10 months ago | [YT] | 0

Metalbook

Metal Market Highlights – Price Fluctuations & Trends This Week

1️⃣ Semi-Finished Steel Prices Up – Billet prices rose by INR 100-900/t, with Goa seeing the highest jump. Sponge iron saw mixed trends across regions.


2️⃣ Finished Long Steel Gains Momentum – IF-rebar prices increased by INR 200-1,000/t, except in Jaipur. BF-rebar remained stable amid cautious project demand.



3️⃣ Ferro Alloys Surge Amid Tight Supply – Prices of silico manganese, ferro manganese, and ferro chrome climbed due to production cuts and rising export inquiries.



4️⃣ Flat Steel Market Holds Steady – HRC prices remained at INR 47,400-49,500/t, while CRC showed mixed movement. Indian HRC exports to Europe slowed amid anti-dumping probes.




📌 Source: BigMint (formerly SteelMint/CoalMint) https://surl.li/xjuwps



#MetalMarket #SteelPrices #Manufacturing #SteelIndustry #EconomicTrends #Metalbook

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10 months ago | [YT] | 0

Metalbook

Here’s your quick industry update - 17th February 2025

1️⃣ Gati Shakti Review
A ministerial panel reviewed five key infrastructure projects under PM Gati Shakti, boosting multi-modal connectivity across Delhi, Maharashtra, Telangana, Tripura, and Uttar Pradesh. Source: Construction World https://surl.li/ubknxv

2️⃣ UK Steel Strategy
The UK launched the Plan for Steel Consultation, addressing electricity costs, unfair trade, and scrap recycling, with a £2.5 billion commitment to strengthen the steel industry. Source: Businesslink.gov.uk https://surl.li/zjzuas

3️⃣ US Metal Tariffs
The US imposed a 25% tariff on steel and aluminum imports, impacting India’s ₹8.6 trillion metal industry capex push despite record investments. Source: Business Standard https://surl.li/mufxsu

4️⃣ MPCB Mandate
Maharashtra Pollution Control Board mandates sensor-based AQI monitors at all Mumbai construction sites to curb air pollution and ensure compliance. Source: Hindustan Times https://surl.li/hxyjft

💬 What are your thoughts on these developments? Share below!

#Metalbook #Infrastructure #SteelIndustry #PollutionControl #EconomicGrowth

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10 months ago (edited) | [YT] | 0