Motilal Oswal - MOSL: METALS WEEKLY-Iron ore and coking coal prices increase ~8% WoW

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Motilal Oswal

MOSL: METALS WEEKLY-Iron ore and coking coal prices increase ~8% WoW

â€‹METALS WEEKLY: Iron ore and coking coal prices increase ~8% WoW

Indian steel: Long product (TMT Mumbai) prices were up ~1% WoW. Sponge iron prices were up ~3% WoW, while domestic scrap prices were marginally higher. Pellet prices were marginally higher. Domestic iron ore prices were unchanged. Domestic HRC prices were down ~1% WoW, but import price offers were unchanged.
Raw materials: Iron ore prices (China cfr) were up ~8% WoW. Thermal coal prices were marginally lower. Coking coal prices were up ~6% WoW on reports of supply disruption in Australia. China's pellet import prices were marginally lower.
Europe: HRC prices were unchanged. Product spreads were lower. CIS HRC export prices were unchanged. Rotterdam scrap prices were also unchanged.
China: Local HRC prices were marginally lower, but rebar prices were higher. Export HRC and rebar prices were up ~1% WoW.
Base metals: Aluminum (cash LME) was up ~1% WoW, while alumina was marginally lower. Copper (cash LME) was up ~4% WoW. Zinc and lead were up ~2% and 3%, respectively. Brent crude was up 2% WoW.

28/11/2017 28 EN

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Motilal Oswal

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MOSL: METALS WEEKLY-Iron ore and coking coal prices increase ~8% 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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