Motilal Oswal - MOSL: METALS WEEKLY-Steel prices remain weak-Base metals continue to decline

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Motilal Oswal

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MOSL: METALS WEEKLY-Steel prices remain weak-Base metals continue to decline

METALS WEEKLY: Steel prices remain weak; Base metals continue to decline

Indian steel: Long product (TMT Mumbai) prices lowered ~2% WoW. Sponge iron prices were ~2% lower while scrap prices also decreased ~2% WoW. Iron ore prices remained unchanged WoW. Pellet prices remained flat WoW. Domestic HRC prices were ~1% lower WoW. Export price offers were unchanged, while import offers were slightly higher.
Raw materials: Iron ore prices (China CFR) were broadly unchanged WoW. Thermal coal prices were up ~2% WoW. Coking coal prices were ~1% higher. China’s pellet import prices were ~1% higher WoW. Chinese graphite electrode prices declined ~6%.
Europe: CIS HRC export prices were broadly unchanged WoW.
China steel prices: Chinese HRC decreased ~2% WoW while rebar prices declined ~1%. Export prices for HRC were ~1% higher.

14/05/2019 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 remain weak-Base metals continue to 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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