Motilal Oswal - MOSL: METALS WEEKLY: Thermal coal prices continue to rise

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Motilal Oswal

MOSL: METALS WEEKLY: Thermal coal prices continue to rise

METALS WEEKLY: Thermal coal prices continue to rise

Indian steel: Long product (TMT Mumbai) prices were unchanged WoW. Sponge iron prices declined ~5% WoW, while domestic scrap prices were up ~4% WoW. Domestic iron ore prices were unchanged. Pellet prices were marginally lower. Domestic HRC prices were unchanged. Import and export HRC offers were also unchanged.
Raw material prices stable: Iron ore prices (China cfr) declined ~1% WoW. Thermal coal prices grew ~4% WoW. Coking coal prices were unchanged WoW. China’s pellet import prices were also unchanged. Chinese graphite electrode prices were lower WoW.
Europe: HRC prices were unchanged. CIS HRC export prices declined ~4% WoW. Rotterdam scrap prices were down ~2% WoW.
China prices stable: Chinese local HRC and rebar prices were stable. Export rebar prices were unchanged, but HRC prices were up ~1% WoW.
Mixed trend in base metals: Aluminum (cash LME) was up ~1% WoW. Alumina prices were lower WoW. Copper (cash LME) was down ~1% WoW. Zinc and lead prices were unchanged WoW. Brent crude prices were up ~2% WoW.

22/05/2018 28 EN

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Motilal Oswal

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MOSL: METALS WEEKLY: Thermal coal prices continue to rise

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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