Motilal Oswal - MOSL: METALS WEEKLY-Coking coal prices drop by ~14% WoW

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Motilal Oswal

MOSL: METALS WEEKLY-Coking coal prices drop by ~14% WoW

METALS WEEKLY: Coking coal prices drop by ~14% WoW

Indian steel: Long product (TMT Mumbai) prices were down ~1% WoW. Sponge iron prices were down ~2% WoW, while domestic scrap prices were up ~2% WoW. Pellet prices were unchanged. Domestic iron ore prices were also unchanged. Domestic HRC prices were up ~1% WoW, but import price offers were marginally lower.
Raw materials: Iron ore prices (China cfr) were down ~1% WoW. Thermal coal prices were up ~2% WoW. Coking coal prices were down 14% WoW. China’s pellet import prices were marginally lower.
Europe: HRC prices were unchanged, but spreads improved on lower raw material cost. CIS HRC export prices were up ~6% WoW. Rotterdam scrap prices were down ~3% WoW.
China: Local steel HRC prices were unchanged, but rebar prices increased ~1% WoW. Rebar export prices also increased ~1% WoW, while HRC was marginally lower.
Base metals: Aluminum (cash LME) was up ~2% WoW, while alumina was unchanged. Copper (cash LME) was unchanged. Zinc was up ~1% WoW, while lead was down ~3%. Brent crude prices were down ~2% WoW to ~USD70/bbl.

23/01/2018 28 EN

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MOSL: METALS WEEKLY-Coking coal prices drop by ~14% WoW

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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