Factors to Decide Indian Iron Ore Prices for Dec’16

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…

Indian Billet Offers Inch by INR 400-800/MT

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…

Indian Wire Rod offers Surge by INR 500/MT W-o-W

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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