1. Indian PELLET export prices up by $3 w-o-w on fines market strength
2. Spot steel prices rise, P-DRI at Rs 20,700-800/t, REBAR Rs 32,900-33,100/t & WIRE ROD at Rs 34,000-34,300/t Ex-Raipur.
3. Raigarh based plants to slash output by 50% due to falling margins
4. PIG IRON offers in eastern India at 20-months high on supply tightness. Tata Metaliks & Vedanta hike offers for 2nd time in Aug
5. SteelMint BILLET index up by Rs 250/t on 12 Aug.
6. Indian GRAPHITE ELECTRODE prices likely to rise in next quarter – sources
7. Vietnam’s Formosa hikes HRC offer by $40-45/t for Oct
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