Motilal Oswal - MOSL: METALS WEEKLY-Steel product prices weak, but iron ore/coking coal higher

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Motilal Oswal

MOSL: METALS WEEKLY-Steel product prices weak, but iron ore/coking coal higher

METALS WEEKLY: Steel product prices weak, but iron ore/coking coal higher

Indian steel: Long product (TMT Mumbai) prices were down ~1% WoW. Sponge iron prices were also up ~1% WoW, while scrap prices were up ~6% WoW. Domestic iron ore and pellet prices remained unchanged. Domestic HRC prices were unchanged, but import offers were down ~4% WoW.
Raw materials: Iron ore prices (China CFR) were up ~3% WoW. Thermal coal prices were unchanged. Coking coal prices were also up ~3% WoW. China's pellet import prices were down ~3% WoW. Chinese graphite electrode prices were marginally lower.
Europe: HRC prices were unchanged. CIS HRC export prices were down ~1% WoW. Rotterdam scrap prices were marginally lower.
China steel prices: Chinese local rebar and HRC prices were marginally lower WoW. Export price of rebar were unchanged, but HRC prices were down ~1% WoW.
Base metals: Aluminum (cash LME) was down ~1% WoW. Alumina prices were lower WoW. Copper (cash LME) was down ~2% WoW. Zinc (cash LME) was up ~1%, while lead was down ~3% WoW. Brent crude prices were down ~1% WoW.

23/10/2018 28 EN

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MOSL: METALS WEEKLY-Steel product prices weak, but iron ore/coking coal higher

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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