Motilal Oswal - MOSL: METALS WEEKLY-India remains a net exporter of steel in April 2017

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Motilal Oswal

MOSL: METALS WEEKLY-India remains a net exporter of steel in April 2017

â€‹METALS WEEKLY: India remains a net exporter of steel in April 2017

Indian steel: Long product (TMT Mumbai) prices were down ~2% WoW. Sponge iron and domestic scrap prices were down by ~4% WoW. Domestic iron ore were unchanged, while pellet was marginally lower. Domestic HRC prices were unchanged.
Raw Materials: Iron ore prices (China cfr) were down ~10% WoW. Thermal coal prices were down ~3% WoW. Coking coal were down by ~14% WoW as supply is likely to normalize.
Europe: HRC prices were up ~1% WoW. CIS export HRC prices were unchanged. Rotterdam scrap prices were up ~3% WoW.
China: local HRC prices were down ~2% WoW but rebar rose ~2% WoW. Export prices were higher.
Base metals: Aluminum (cash LME) was down ~1% WoW. Alumina prices were lower. Zinc (cash LME) was down ~2% WoW while lead was down ~4% WoW. Copper was down ~3% WoW. Crude oil (Brent) prices were down ~5% WoW.

08/05/2017 28 EN

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MOSL: METALS WEEKLY-India remains a net exporter of steel in April 2017

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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