Motilal Oswal - MOSL: METALS WEEKLY-Indian steel prices continue trending down

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MOSL: METALS WEEKLY-Indian steel prices continue trending down

METALS WEEKLY: Indian steel prices continue trending down

Indian steel: Long product (TMT Mumbai) prices were ~1% lower WoW. Sponge iron prices were ~2% higher WoW, while scrap prices declined ~1% WoW. Iron ore prices were unchanged WoW. Pellet prices were flat. Domestic HRC prices declined ~2% WoW. Export price offers were lower.
Raw materials: Iron ore prices (China CFR) increased ~1% WoW. Thermal coal prices decreased ~2% WoW. Coking coal prices were ~1% lower WoW. China's pellet import prices were ~9% higher. Chinese graphite electrode prices declined ~5% WoW.
Europe: CIS HRC export prices increased ~3% WoW.
China steel prices: Chinese HRC and rebar prices were broadly unchanged WoW. Export prices for HRC decreased ~1% WoW.
Base metals: Aluminum (cash LME) prices were up ~1% WoW. Copper (cash LME) prices increased ~2% WoW. Zinc (cash LME) prices were ~1% higher WoW. Lead (cash LME) prices increased ~6% WoW. Brent crude prices were up ~4% WoW.

16/07/2019 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 steel prices continue trending down

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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