Motilal Oswal - MOSL: METALS WEEKLY-Steel prices remain weak

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Motilal Oswal

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MOSL: METALS WEEKLY-Steel prices remain weak

METALS WEEKLY: Steel prices remain weak

Indian steel: Long product (TMT Mumbai) prices were down ~2% WoW. Sponge iron prices declined ~4%, while scrap prices were down ~3% WoW. Iron ore prices were unchanged WoW. Pellet prices were slightly lower WoW. Domestic HRC prices were unchanged WoW. Export prices were unchanged WoW, while import price offers were lower WoW.
Raw materials: Iron ore prices (China CFR) increased ~1% WoW. Thermal coal prices were down ~2% WoW. Coking coal prices were ~3% lower WoW. China’s pellet import prices decreased ~3% WoW. Chinese graphite electrode prices declined ~10% WoW.
Europe: CIS HRC export prices were ~1% higher WoW.
China steel prices: Chinese HRC and rebar prices were down ~2% and ~1% WoW, respectively. Export prices for HRC decreased ~1% WoW.
Base metals: Aluminum (cash LME) prices were down ~2% WoW. Copper (cash LME) prices were broadly unchanged WoW. Zinc (cash LME) prices were ~2% lower WoW. Lead (cash LME) prices increased ~3% WoW. Brent crude prices were down ~2% WoW.

11/06/2019 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 remain weak

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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