Motilal Oswal - MOSL: METALS WEEKLY-China steel prices rise on production curbs; Indian prices still weak

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MOSL: METALS WEEKLY-China steel prices rise on production curbs; Indian prices still weak

METALS WEEKLY: China steel prices rise on production curbs; Indian prices still weak

Indian steel: Long product (TMT Mumbai) prices were slightly lower WoW. Sponge iron prices were ~1% higher while scrap prices also increased ~1% WoW. Iron ore prices were unchanged WoW. Pellet prices gained ~2% WoW. Domestic HRC prices decreased ~1% WoW. Export and import price offers were higher.
Raw materials: Iron ore prices (China CFR) increased ~2% WoW. Thermal coal prices remained broadly unchanged. Coking coal prices were ~2% lower WoW. China's pellet import prices were unchanged. Chinese graphite electrode prices declined ~4% WoW.
Europe: CIS HRC export prices were ~1% lower WoW.
China steel prices: Chinese HRC/rebar prices rose ~3%/~8% WoW on the announcement of production curbs. Export prices for HRC increased ~4%.
Base metals: Aluminum (cash LME) was up ~2% WoW. Copper (cash LME) increased ~1% WoW. Zinc (cash LME) was ~1% higher WoW. Lead (cash LME) increased ~1% WoW. Brent crude prices were up ~2% WoW.

02/07/2019 1 EN

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MOSL: METALS WEEKLY-China steel prices rise on production curbs; Indian prices still weak

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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