Motilal Oswal - MOSL: METALS WEEKLY-Indian steel prices stable-alumina prices down ~8%

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MOSL: METALS WEEKLY-Indian steel prices stable-alumina prices down ~8%

METALS WEEKLY: Indian steel prices stable; alumina prices down ~8%

Indian steel: Long product (TMT Mumbai) prices were broadly unchanged WoW. Sponge iron prices were ~2% lower, while scrap prices also declined ~2% WoW. Iron ore prices were unchanged WoW. Pellet prices were ~2% higher WoW. Domestic HRC prices were ~1% higher WoW. Export price offers were unchanged, while import offers were higher.
Raw materials: Iron ore prices (China CFR) were largely flat WoW. Thermal coal prices were unchanged WoW. Coking coal prices were slightly lower. China’s pellet import prices were~1% higher WoW. Chinese graphite electrode prices increased ~2% WoW.
Europe: HRC prices were 1% lower WoW. CIS HRC export prices were unchanged. Rotterdam scrap prices were down ~4% WoW.
China steel prices: Chinese HRC and rebar prices were slightly higher WoW. Export prices for rebar and HRC increased ~1% WoW.
Base metals: Aluminum (cash LME) prices were down ~1% WoW. Alumina prices decreased ~8% WoW. Copper (cash LME) prices were up ~1% WoW. Zinc (cash LME) prices increased ~1% WoW. Lead (cash LME) prices were down ~3% WoW. Brent crude prices were up ~2% WoW.

16/04/2019 1 EN

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Motilal Oswal

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MOSL: METALS WEEKLY-Indian steel prices stable-alumina prices down ~8%

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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