Motilal Oswal - MOSL: METALS WEEKLY-Indian steel prices largely stable; base metal prices decline

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MOSL: METALS WEEKLY-Indian steel prices largely stable; base metal prices decline

METALS WEEKLY: Indian steel prices largely stable; base metal prices decline

Indian steel: Long product (TMT Mumbai) prices were lower by ~2% WoW. Sponge iron prices declined ~5% WoW, while scrap prices decreased ~2% WoW. Iron ore prices remained unchanged. Pellet prices were down ~2% WoW. Domestic HRC prices were up ~2% WoW. Export price offers were higher, while import offers were unchanged.
Raw materials: Iron ore prices (China CFR) were down ~1% WoW. Thermal coal prices were unchanged. Coking coal prices increased ~1% WoW. China’s pellet import prices decreased ~2% WoW. Chinese graphite electrode prices were ~7% lower.
Europe: HRC prices were slightly lower. CIS HRC export prices were unchanged WoW. Rotterdam scrap prices were up ~4% WoW.
China steel prices: Chinese HRC prices were down ~1% WoW, while Rebar prices were lower by ~2%. Export prices for rebar and HRC were higher by ~1% WoW.
Base metals: Aluminum (cash LME) prices were down by ~1% WoW. Alumina prices were up ~1% WoW. Copper (cash LME) prices were down ~3% WoW. Zinc (cash LME) prices were down ~5% WoW. Lead (cash LME) prices declined ~4% WoW. Brent crude prices were up ~1% WoW.

12/03/2019 28 EN

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Motilal Oswal

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MOSL: METALS WEEKLY-Indian steel prices largely stable; base metal prices 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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