India: Sambhv steel tubes posts record stainless steel sales in Q1FY’27
Stainless steel sales rise 4% year-on-year in Q1. Quarterly stainless steel volumes jump 56% sequentially. Sambhv Steel Tubes Limited reported...
Iron & Steel
India: Imported manganese ore prices extend decline w-o-w as MOIL’s price cut slows trade
Buyers' inventories sufficient, several bulk cargoes booked earlier Softer alloy prices, mills' need-based buying weigh on manganese ore India's imported...
India: Thermal coal stocks at ports fall 2% w-o-w despite gains at select ports
Drop in stocks reflects steady cargo evacuation Inventory rises at Magdalla, Karaikal, Dahej India's thermal coal inventories at major ports...
India: Sponge iron prices decline amid weak buying; south bucks trend
Trade volumes decline d-o-d amid muted demand Steady regional demand supports southern prices India's sponge iron market exhibited a mixed...
India: BigMint’s ferrous scrap index remains stable d-o-d
Sponge iron prices remain stable Finished steel prices soften by INR 200/t BigMint's domestic end-cutting scrap index, tracking the Mandi...
India: PELLEX remains stable as buyers wait for NMDC’s ore price revision
Sellers keep offers firm after receiving healthy bookings in previous weeks Lack of supply from Odisha, limited offers support prices...
South Asia: Imported scrap demand remains weak; bids trail offers
Turkiye: Wait-and-watch sentiment keeps deep-sea trading subdued Bangladesh: Mills delay purchases, wait for lower import prices South Asia's imported ferrous...
Pakistan: Shredded scrap import prices drop $9/t w-o-w as buyers stay on the sidelines
Weak steel demand keeps mill utilisation at around 40% Buyers remain cautious about post-Muharram purchases Pakistan's imported shredded scrap market...
Japan: Nippon Steel raises heavy plate prices by JPY 5,000/t ($31/t) for Jul’26 orders amid rising operating costs
Company capitalising on recent demand recovery to pass on rising costs Further price hikes possible amid "structurally high" costs post...
India: Trade-level HRC prices soften marginally on weak demand, cautious buying
Benchmark HRC prices remain stable w-o-w Buyers defer purchases ahead of price revisions: India's trade-level HRC prices softened marginally during...
