Scrap prices in the UAE improve marginally but VAT uncertainty clouds outlook
Domestic scrap demand offsets policy noise Steel market remains cautious ahead of Feb'26 UAE scrap prices strengthened modestly in the...
Iron & Steel
Global steel prices show mixed trends in Jan’26 even as coking coal surges
Wet weather in Australia pushes up Indian imported coking coal prices Chinese iron ore prices remain stable on restocking before...
India: Melting scrap prices decrease by INR 500/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang fell by INR 500/t d-o-d on 29 Jan'26, according to BigMint's assessment. HMS...
China: Iron ore prices fall by $1/t d-o-d
Iron ore fines (Fe 61%) spot prices showed a decline of $0.65/t to $102.7/dmt CFR China on 28 Jan'26. Trading...
India: NMDC to auction around 190,000 t of iron ore from Chhattisgarh
NMDC Chhattisgarh will auction 188,500 t of iron ore this week. Bacheli mines : 21,500 t (10-40 mm, Fe 67%) DR...
India: Trade-level HR plate prices rise w-o-w amid supply constraints, steady demand
India's trade-level HR plate (20-40 mm, Gr E250 Br.) prices rose by INR 900/t ($10/t) w-o-w to INR 56,300/t ($612/t)...
India: NMDC to auction over 160,000 t of iron ore and pellet from Karnataka
NMDC will auction around 161,000 t of iron ore and pellet from Karnataka. Kumaraswamy mines : 40,000-t (10-40 mm, Fe 63.15%)...
BigMint’s daily trade sheet – 28 Jan’26
BigMint's latest bi-weekly assessment indicates that iron ore concentrate prices (Fe 62%) in Jabalpur continued to hold firm at INR...
China’s steel exports climb new peak in CY’25 as domestic demand slump persists
Exports surge in Dec'25 before new licensing system takes effect Real estate depression continues, investment slides 17% y-o-y Major growth...
China: Billet prices ease on bearish demand cues
Chinese billet prices slipped by RMB 10/t ($1/t) d-o-d to RMB 2,930/t ($421/t) on 27 Jan'26, while SHFE rebar futures...
