UAE: Benchmark producer rolls over August rebar prices amid subdued construction demand
Summer holiday season, liquidity constraints limit bookings Competitive discounting persists despite stable official prices The UAE rebar market entered the...
Iron & Steel
US exempts Brazilian pig iron from 25% import tariff; prices may ease after H1CY’26 rally
Over 80% of Brazil's pig iron exports directed to US Brazilian prices up 19% since Jan'26 amid tariff uncertainty The...
Iran strikes Kuwait’s power and water treatment plants again
Iran has once again attacked Kuwait's power and water treatment plants. The Kuwaiti government said that the series of Iranian...
India approves 11.63 mnt crude steel capacity in Q1 FY’27; Odisha leads expansion pipeline
FY'26 approvals included 22.41 mnt of long products,16.21 mnt of flat steel capacity Induction furnace projects account for 54% of...
BigMint’s daily trade sheet – 20 July’26
BigMint's billet index declined marginally by INR 50/t d-o-d to INR 38,100/t exw-Raipur. The conversion spread from sponge iron (PDRI)...
India: Alang scrap market remains range-bound on balanced supply-demand dynamics
Higher downstream steel prices provide support to recyclers Muted mill buying continues despite expectations of firmer domestic scrap prices Ship-breaking...
How is increasing consolidation reshaping the Chinese steel industry?
Baowu focusing more on consolidation than mergers and restructuring Big steel players creating new avenues for exports, smaller mills struggle...
India: Iron ore lumps receive INR 350/t premium over base prices in OMC’s Jul’26 auction
Weighted average bids remain stable m-o-m 82% of offered quantity booked in auction Odisha Mining Corporation (OMC) auctioned around 0.883...
China: Iron ore fines prices fall by $1/dmt d-o-d
Medium-grade fines face inventory pressure Weak port fundamentals cap buying interest Iron ore fines (Fe 61%) spot prices fell by...
India’s power demand surges in mid-Jul’26 as weak hydro lifts coal generation and IEX prices
Coal drives India's mid-July power demand surge IEX prices jump as coal stocks decline India's electricity market tightened sharply in...
