Motilal Oswal - MOSL: METALS WEEKLY-Steel prices continue declining

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MOSL: METALS WEEKLY-Steel prices continue declining

METALS WEEKLY: Steel prices continue declining

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

21/05/2019 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-Steel prices continue declining

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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