February steel report

Page 2

DAILY STEEL REPORT Issue 1116, Thursday, 27 Feb 2014

Indian Government to allocate Coal Blocks to Non Power Sectors Indian Government began the procedure

around 267.91 MnT Coking Coal for SteelFeb 26, 2014 18:47

for allocating Coal blocks to non power

(Blast Furnace). 2. Andal Babuisol of

sector

invites

Raniganj Coalfield, West Bengal having

applications for the allocated blocks

Geological Reserves of around 103.8 MnT

through competitive bidding for specified

for Sponge Iron. 3. Tokisud-II of South

end users. The Ministry of Coal has

Karanpura Coalfield, Jharkhand having

offered three Coal blocks for the auction

Geological Reserves of around 127.7 MnT

which are as follows: 1. Jhirki & Jhirki

for Cement. The bidders are required to

(West)

bid above the prescribed floor price. The

for

the

of

first

East

time.

Bokaro

It

Coalfield,

Jharkhand having Geological Reserves of

RAW MATERIAL » China: Iron Ore Prices fall to 8 month low on Negative Outlook » Indian Government to allocate Coal Blocks to Non Power Sectors » India: Private Firms gets Time for Coal Block Clearance » India: CEC to visit Odisha Mines in March

SEMI FINISHED

detailed documents i » India: Pig Iron Prices in a Firm Position Continued on page 6....

» India: Goa based Exporter sold Pig Iron to Saudi Arabia

Snap Shot - Indian Domestic Prices (INR/MT) COMMODITY Iron Ore Lumps

PARTICULAR

2

Iron Ore Fines 3 Scrap

1

Pig Iron 2 Sponge Iron

1

Billet 1 TMT (Re-Bar) 1 Structure 2 Wire Rod 1 HRC

2

Silico Manganese Ferro Chrome

2

2

Manganese Ore 2

PRICE

CHANGE

M-O-M

3M-O-M

Rungta, Odisha

6,800

0

0

0

NMDC

2,910

+ 100

+ 100

+ 300

Ex-Mumbai

25,500

0

+ 800

+ 3,000

Ex-Cuttack

24,000

- 250

- 500

NA

Ex-Raipur

21,200

- 50

+ 800

+ 700

Ex-Mumbai

32,400

0

- 600

+ 700

Ex-Delhi

35,800

0

+ 1,500

+ 2,000

Ex-Chennai

36,500

0

- 900

+ 3,100

Ex-Mumbai

36,200

0

+ 80

+ 1,143

Ex-Durgapur

34,300

- 200

- 200

+ 1,800

Ex-Raipur

34,800

- 200

- 200

+ 1,200

Ex-Ludhiana

38,300

0

+ 300

+ 1,100

Ex-Raipur

54,500

0

+ 500

+ 1,750

Ex-Jajpur

71,250

- 250

0

- 750

Ex Balaghat, MOIL

10,403

NA

0

NA

» Indian Sponge Iron Prices under pressure on Cheaper Imports of Scrap

FINISH LONG » India: JSW raised Finish Long Prices; SAIL may follow the Suit

FINISH FLAT » India: CRC Price rally Continue; JSW hike Prices

FERRO ALLOY » India: SAIL floats Tenders for Purchase of Silico Manganese » Case against OMC & Mishrilal for Mining Chrome without Environmental Clearance

Snap Shot - Global Prices (USD/MT) COMMODITY 1

PARTICULAR

PRICE

CHANGE

M-O-M

3M-O-M

China Imports

116

- 2

- 8

China Imports

162

0

0

- 6

Australia Exports

123

- 1

- 4

- 13

India Imports

252

- 2

- 13

- 22

India Imports

370

+ 18

0

+ 15

Scrap 2

Turkey Imports

350

- 2

- 25

- 44

Pig Iron 2

India Exports

375

- 5

- 10

- 25

China Exports

530

0

0

+ 10

India Exports

995

+ 7

+ 25

+ 30

Iron Ore Fines Pellets Coal

2

(coking Coal) 2 2 met Coke

Coal ( Scrap

HRC

)

2

2

Silico Manganese 2 Ferro Chrome

2

Manganese Ore

2

China Import

¢ 84.5/lb

India Imports

$ 4.65/dmtu

- 19

+ 0.5

+ 0.5

+ 0.5

NA

- 0.35

+ 0.65

Our Contact Details Raipur: #301, Jeevan Parisar, Rajeev Nagar Behind Crystal Arcade Raipur (C.G) - 492 007 India Tel: +91 771 2284888 Kolkata: 5th Floor, Vishvakarma Building, 86, Topsia Road, South-West Block Kolkata (W.B) - 700 046, India Tel: +91 33 22852063

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