Motilal Oswal - MOSL: METALS WEEKLY-India steel exports rise 71% YoY to 1.1mt in September

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Motilal Oswal

MOSL: METALS WEEKLY-India steel exports rise 71% YoY to 1.1mt in September

â€‹METALS WEEKLY: India steel exports rise 71% YoY to 1.1mt in September

Indian steel: Long product (TMT Mumbai) prices were down ~2% WoW. Sponge iron prices were down ~2% WoW, while domestic scrap prices were unchanged. NMDC cut iron ore fines/lump prices by INR100/t. Pellet prices were unchanged. Domestic HRC prices were unchanged.
Raw materials: Iron ore prices (China cfr) were unchanged as the market is quiet due to Chinese holidays. Chinese iron ore port inventories were marginally higher. Thermal coal prices were up ~2% WoW. Coking coal prices were down ~3% WoW. China's pellet import prices were unchanged.
Europe: HRC prices were unchanged. HRC product spreads were marginally higher. CIS HRC export prices were up ~1% WoW. Rotterdam scrap prices remain weak, down ~1% WoW.
China: Local HRC and rebar prices were unchanged. Exports HRC were also unchanged amid holidays in China.
Base metals: Aluminum (cash LME) prices were up ~1% WoW. Alumina prices were marginally higher. Zinc (cash LME) was up 4% WoW. Lead was up ~1% WoW. Copper was up ~2% WoW. Crude oil (Brent) prices were down ~3% WoW.

10/10/2017 28 EN

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MOSL: METALS WEEKLY-India steel exports rise 71% YoY to 1.1mt in September

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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