Iron & Steel

China weekly: Steel prices extend decline amid seasonal demand slowdown

July 5, 2026

Australian PHCC holds firm despite subdued spot buying. Shagang steel maintains long steel prices unchanged for early July. China's steel...

India: Sambhv steel tubes posts record stainless steel sales in Q1FY’27

July 5, 2026

Stainless steel sales rise 4% year-on-year in Q1. Quarterly stainless steel volumes jump 56% sequentially. Sambhv Steel Tubes Limited reported...

India: Imported manganese ore prices extend decline w-o-w as MOIL’s price cut slows trade

July 5, 2026

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

July 1, 2026

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

July 1, 2026

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

July 1, 2026

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

July 1, 2026

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

July 1, 2026

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

July 1, 2026

Weak steel demand keeps mill utilisation at around 40% Buyers remain cautious about post-Muharram purchases Pakistan's imported shredded scrap market...