Motilal Oswal - MOSL: METALS WEEKLY-India long product prices increase-base metals weak

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Motilal Oswal

MOSL: METALS WEEKLY-India long product prices increase-base metals weak

â€‹METALS WEEKLY: India long product prices increase; base metals weak

Indian steel: Long product (TMT Mumbai) prices increased ~4% WoW. Sponge iron prices were up ~5% WoW, while domestic scrap prices were up ~1% WoW. Pellet prices were unchanged. Domestic iron ore prices were also unchanged. Domestic HRC and import price offers were flat.
Raw materials: Iron ore prices (China cfr) were unchanged WoW. Thermal coal prices were down ~2% WoW. Coking coal prices were up ~1% WoW on reports of supply disruption in Australia. China's pellet import prices were unchanged, as premiums remain strong.
Europe: HRC prices were unchanged. Product spreads were marginally lower. CIS HRC export prices were down ~2% WoW. Rotterdam scrap prices were up ~2% WoW.
China: Local HRC and rebar prices were marginally lower. Export HRC prices were unchanged, but rebar prices were up ~2% WoW.
Base metals: Aluminum, copper (cash LME) and crude oil (Brent) prices were down ~1% WoW. Zinc and Lead declined sharply by ~3% and ~5%, respectively on LME.

21/11/2017 28 EN

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MOSL: METALS WEEKLY-India long product prices increase-base metals 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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