NMDC revised iron ore prices on 29th Nov'16 in which the minor increased iron ore fines prices by INR 100/MT and kept lump prices unchanged.Odisha based merchant iron ore miners are yet to take a call on prices. Market participants…

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In the opening of the week,Indian billet offers by INR 400-800/MT compare to last week closing at INR 600-1,000/MT. Currently,offers for billet have reached at INR 22,400-22,500/MT ex-Raipur,INR 21,800-21,900/MT ex-Durgapur,INR 24,000/MT ex-Mumbai.Meanwhile billet offers are prevailing in the range of…

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Indian secondary wire rod market mainly based in Raipur and Durgapur has increased offers by INR 500/MT W-o-W in line with the increase in billet offers. Currently in Durgapur,5.5 mm wire rod and HB 12G are available at INR 25,200/MT…

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Indian rebar manufacturers based in secondary market has suddenly increased offers in the last couple of days on account of expected revival in demand. Raipur and Mumbai recorded higher price surge in rebar market by INR 600-800/MT in the last…

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Global iron ore prices are witnessed at USD 79/MT,CFR China on 25 Nov’16.Prices further rose by USD 2/MT in a D-o-D as Chinese future surges. Market participants believe that too much of speculative trading is driving iron ore prices higher.With…

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