July 6 2011 -Â Seasonal weakness in Steel prices and weak construction sector demand due to monsoon in India have further depressed the steel longs market on Monday. Spot rates at major markets in the country have also shown weakening trending with Mandi Gondgarh steel ingot rpices at Rs 30,400 per MT, Mumbai at Rs 28400 […] ↓ Read the rest of this entry…
June 15, 2011 According to report, India’s crude stainless steel production totaled 2.9 million tons, soared substantially by 12% year on year. Also, the country’s finished stainless steel production was 2.6 million tons in 2010; however, the country’s demand was only at 2.4 million tons. Accordingly, India has become the world’s largest stainless steel consumer. […] ↓ Read the rest of this entry…
June 6, 2011 India steel long futures have continued to make gains at the beginning of the week despite weak international trends resulting from poor construction sector demand where the product is used widely. However, the US dollar weakness and recent announcement of Director of Mines in Karnataka that iron ore supplies from the state […] ↓ Read the rest of this entry…
May 26, 2011 Indian domestic steel transaction prices recorded marginal increases in May. However, there is growing resistance amongst consumers regarding any additional advances in selling values. Purchasing activity has been slow during the last few weeks. Inventories are being run down ahead of the monsoon season and no large orders have been placed. As […] ↓ Read the rest of this entry…
May 25, 2011 The Chinese provincial ferrous scrap index rose above 165 for the first time, driven by concerns over tight supply and low scrap dealer inventories. Purchasing prices grew on average by 4.4 percent in the provinces of Hebei and Shandong. Smaller adjustments transpired in Guangzhou and Jiangsu. Forward price sentiment remains mixed. Measures […] ↓ Read the rest of this entry…
April 11 2011 Shyamal Mehta of Commodity Online reports that copper prices are rising even though copper inventories are increasing. Copper traded strong in last week and ended higher with a gain of more than five percent despite rising inventories at London Metal Exchange, the benchmark metal exchange and other warehouses across the globe Copper […] ↓ Read the rest of this entry…
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