Motilal Oswal - MOSL: METALS WEEKLY-Indian steel prices continue declining; coking coal prices down ~5% WoW

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MOSL: METALS WEEKLY-Indian steel prices continue declining; coking coal prices down ~5% WoW

METALS WEEKLY: Indian steel prices continue declining; coking coal prices down ~5% WoW

Indian steel: Long product (TMT Mumbai) prices were ~1% lower WoW. Sponge iron prices were ~3% higher WoW, while scrap prices decreased ~2% WoW. Iron ore prices were unchanged WoW. Pellet prices were flat. Domestic HRC prices declined ~1% WoW. Export price offers were lower.
Raw materials: Iron ore prices (China CFR) were flat WoW. Thermal coal prices declined ~2% WoW. Coking coal prices were ~5% lower WoW. China's pellet import prices decreased ~3% WoW. Chinese graphite electrode prices were down ~5% WoW.
Europe: CIS HRC export prices were ~1% higher WoW.
China steel prices: Chinese HRC prices were ~2% lower, while rebar prices rose ~3% WoW. Export prices for HRC were unchanged.
Base metals: Aluminum (cash LME) prices were ~1% higher WoW. Copper (cash LME) prices increased ~2% WoW. Zinc (cash LME) prices were unchanged WoW. Lead (cash LME) prices increased ~5% WoW. Brent crude prices were down ~6% WoW.

23/07/2019 1 EN

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MOSL: METALS WEEKLY-Indian steel prices continue declining; coking coal prices down ~5% WoW

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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