Motilal Oswal - MOSL: METALS WEEKLY-Indian long product prices continue to decline

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Motilal Oswal

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MOSL: METALS WEEKLY-Indian long product prices continue to decline

METALS WEEKLY: Indian long product prices continue to decline

Indian steel: Long product (TMT Mumbai) prices were 3% lower WoW. Sponge iron prices were ~1% lower, while scrap prices decreased ~3% WoW. Iron ore prices were unchanged WoW. Pellet prices were flat. Domestic HRC prices were unchanged WoW. Export price offers were higher.
Raw materials: Iron ore prices (China CFR) decreased ~2% WoW. Thermal coal prices were broadly unchanged. Coking coal prices were ~3% lower WoW. China's pellet import prices were unchanged. Chinese graphite electrode prices declined ~1% WoW.
Europe: CIS HRC export prices were unchanged WoW.
China steel prices: Chinese HRC and rebar prices declined ~3% WoW. Export prices for HRC increased ~2%.
Base metals: Aluminum (cash LME) prices were broadly unchanged WoW. Copper (cash LME) prices decreased ~2% WoW. Zinc (cash LME) prices were ~7% lower WoW. Lead (cash LME) prices decreased ~3% WoW. Brent crude prices were down ~3% WoW.

09/07/2019 1 EN

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Motilal Oswal

Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

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MOSL: METALS WEEKLY-Indian long product prices continue to decline

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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