Motilal Oswal - MOSL: METALS WEEKLY-Indian steel prices continue declining; base metal prices lower

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MOSL: METALS WEEKLY-Indian steel prices continue declining; base metal prices lower

METALS WEEKLY: Indian steel prices continue declining; base metal prices lower

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 ~2% higher. Domestic HRC prices declined ~1% WoW. Export price offers were lower.
Raw materials: Iron ore prices (China CFR) declined ~1% WoW. Thermal coal prices declined ~1% WoW. Coking coal prices were ~1% lower WoW. China's pellet import prices increased ~1% WoW. Chinese graphite electrode prices declined ~8% WoW.
Europe: CIS HRC export prices were broadly unchanged WoW.
China steel prices: Chinese HRC prices were ~3% lower, while rebar prices declined ~4% WoW. Export prices for HRC were unchanged.
Base metals: Aluminum (cash LME) was ~1% lower WoW. Copper (cash LME) prices decreased ~3% WoW. Zinc (cash LME) prices were ~3% lower WoW. Lead (cash LME) prices decreased ~6% WoW. Brent crude prices were down ~2% WoW.

06/08/2019 1 EN

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Motilal Oswal

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MOSL: METALS WEEKLY-Indian steel prices continue declining; base metal prices lower

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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