Motilal Oswal - MOSL: METALS WEEKLY-Steel prices lower- Base metals too decline

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MOSL: METALS WEEKLY-Steel prices lower- Base metals too decline

METALS WEEKLY: Steel prices lower; Base metals too decline

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

07/05/2019 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 lower- Base metals too 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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