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* Markets Ferrous Non-Ferrous Coal and Energy Scrap Recycling * Services Prices Intel & Insights Statistics Data Logistics Reports Tenders * Events * About * Search BigMint * Login * Demo Close Your files will start download, please check the files in the download section. Dismiss * My Portfolio * Price * Insights * Tenders * Statistics * Reports * Historical Data * Methodology * Login * Demo PRICES, INDEXES, DATA, INSIGHTS & INTELLIGENCE FOR COMMODITY MARKETS We are a trusted platform for price reporting, market intelligence & consulting for commodities STEELMINT & COALMINT ARE NOW BIGMINT! This transformation marks a significant milestone in our journey, symbolising our evolution into a comprehensive hub that seamlessly aligns with the dynamic nature of the commodities industry. As the world rapidly evolves, we are focused in our mission to empower you with the knowledge needed to keep you ahead in a world where adaptability is paramount. BigMint is a trusted platform for price reporting, market intelligence & consulting for commodities. We enable businesses to take critical market decisions, offering reliable insights and consulting services for a host of Commodity markets. Explore the markets BigMint is a gateway to the world of insights spanning metals, minerals, energies, and providing 600+ commodity price assessments across 30+ countries. Ferrous Non Ferrous Coal and Energy Scrap Recycling Explore more What we do BigMint enables you to take critical market decisions by providing a robust platform for pricing, data and networking. This keeps you at the forefront of the industry. We add further value by offering reliable insights and consulting services for a host of Commodity markets. Our services include: Prices Track precise price movements governed by robust methodologies and IOSCO principles Insights Catch the pulse of the market with real-time updates and analysis Statistics Get a comprehensive dataset on production, capacity, export, imports & inventories that drives decisions Data Harness the power of historical intelligence. Access a vast library of historical prices and essential market statistics. Consulting Keep pace with the latest market trends with our personalised consulting services Reports Make informed decisions powered by comprehensive reports on commodities and regions Logistics Gain deeper understanding of global trades with up-to-date vessel lineup data Tenders Generate new leads, expand your reach and enhance your business prospects with comprehensive tender insights Why clients trust us BigMint drives growth and development of several commodity industries, bringing transparency to unorganised and opaque markets, thereby enabling businesses to take critical decisions with confidence. Our clients include industry leaders, visionaries, and innovators who have entrusted us with their success. ‹› Some of the stakeholders who benefit from our expertise. Manufacturers We equip manufacturers with market forecasts & trends, assisting them in risk management & optimising their production processes. Traders We provide traders with comprehensive market intelligence that drives informed decisions, efficient trading strategies & risk mitigation for them. Importers and Exporters We assist importers & exporters in identifying new markets, optimising supply chains, ensuring cost-effective procurement & efficient distribution of goods. Miners We enable miners to optimise production planning, facilitate strategic partnerships & safeguard operations against adverse market conditions. Advantages we offer Negotiations & Risk Management Get access to responsible pricing powered by our robust methodology. Negotiate with confidence & protect your bottom line through informed decision-making. Explore more In-depth Market Analysis Streamline strategic decisions with our expert analysis. Track logistics with tailored data & gain a 360° perspective with exhaustive reports. Explore more Agile Strategy Gain data-driven insights that reduce uncertainty. Make informed decisions that streamline operations to build sustainable & resilient businesses. Explore more Community Networking Tap into our professional network to foster meaningful relationships & showcase your offerings at exclusive conferences for collaboration & growth. Explore more How we do it Know our market specific methodologies that impart a rationale to our price discovery mechanisms How It Works BigMint gathers information from diverse networks, using globally benchmarked, compliant methods and technologies to offer crucial market intelligence. Insights & Intels With precision in market trends, our insights offer strategic foresight for decisive moves in commodities markets. China qualified yards keep reducing steel scrap stocks Melting Scrap Insight Mar 22, 2024 10:46 India: Trade level HRC prices remain stable amid limited trade Finish Flat Insight Mar 22, 2024 09:59 India's stainless steel scrap imports stagnate in FY'24, despite output increase. Know why? Stainless steel production rises over 20% in current fiscal Surge in semis, finished SS imports spoil scrap party BF-route capacity increase to impact SS scrap importsMorning Brief: India's stainless steel (SS) scrap imports witnessed a slight uptick in financial year 2023-24 (FY'24). Data maintained with BigMint reveals SS scrap imports touched 1.30 million tonnes (mnt), marking a marginal 3% increase from the previous fiscal's 1.26 mnt. This limited growth can be attributed to a shift in preference towards semi-finished materials like slabs and billets -- driven by competitive pricing from China and Indonesia. Producers opted for these alternatives to optimize production costs.SS production in FY'24Notably, India experienced a significant 23% y-o-y increase in stainless steel production during FY'24, totalling 3.35 mnt compared to 2.74 mnt in FY'23. Finished flats production accounted for 2.34 mnt, with finished longs accounting for the balance 1.01 mnt.Grade-wise importsWithin the scrap import landscape, Zurik grade shipments decreased by 6% to 0.26 mnt in the period under review (FY'24), while non-Zurik cargoes saw a 6% y-o-y increase to 1.04 mnt. Particularly noteworthy was the 36% rise in imports of the 400 series, which touched 0.13 mnt from 0.10 mnt in FY'23, propelled by industrial expansion and demand from automotive and food equipment sectors.Country-wise shipmentsAs per country-wise shipments data, the United States remained the top exporter of stainless steel scrap to India, with shipments rising a modest 5% to 0.20 mnt in FY'24. Meanwhile, South Korea experienced a significant 37% increase in shipments to 0.12 mnt during the same period.Why were scrap imports not as per expectations?Since India's SS production increased over 20% in FY'24, the expectation was that SS scrap imports would also increase in tandem, or at least by 10-15%. This is because scrap is a cheaper alternative for producing stainless steel. However, the country saw only a nominal 3% increase in the same, as already mentioned.Surge in semi-finished imports: There was a surge in imports of semi-finished SS products. India imported approximately 0.60 mnt of stainless steel slabs from January 2023 to February 2024, which significantly impacted scrap requirements for production via EAF and IF routes. Prior to 2023, slab imports were nil.Influx of cheaper imports: Influx of cheaper finished SS products like hot rolled (HR) and cold rolled (CR) coils also impacted SS scrap imports. Such finished imports led to reduced domestic production and lower demand for imported scrap. Currently, imported HRCs/CRCs are lower by around INR 10,000/t ($120/t) compared to domestic prices of the same, offering buyers significant viability.Preference for domestic scrap: Major stainless steel producers are favoring domestic scrap as price volatility, trade disruptions, and logistical challenges are frequently plaguing the imports landscape. Europe's domestic mills' buying prices remained relatively higher in the second half of FY'24 which led to lower supply of scrap in the export market.Way forwardExpected expansions in production of crude steel through the blast furnace route will reduce imported scrap dependency. For instance, Jindal Stainless' 0.84 mnt crude steel capacity increase via the blast furnace route, will further decrease scrap dependency. The expected additional capacity via BFs is around 1 mnt by FY'25.Going forward, scrap import volumes are expected to remain relatively stable due to the continued imports of slab and billets. While large-scale producers will possibly shift away from scrap, small-scale IF route producers are likely to persist in utilizing stainless scrap. Stainless Steel Insight Mar 22, 2024 09:55 Turkiye: Imported scrap prices edge up w-o-w despite limited activities; steelmakers cautious amid dull demand Melting Scrap Insight Mar 21, 2024 19:58 India: BigMint's iron ore fines export index falls by $3.5/t w-o-w amid sluggish demand Fines/Lumps Insight Mar 21, 2024 19:27 Karnataka: Low-grade iron ore prices drop, market awaits NMDC's price revision Fines/Lumps Insight Mar 21, 2024 19:14 South Asia: Imported ferrous scrap offers see mixed trend d-o-d with limited buying activity Melting Scrap Insight Mar 21, 2024 19:03 China: Steel billet prices edge up by RMB 20/t ($3/t) d-o-d Billet prices in Tangshan inched up d-o-d by RMB 20/t ($3/t) to RMB 3,410/t ($474/t) on 21 Mar'24. Prices include 13% VAT. Rise in rebar futures, stability in finished steel prices along with recovery in demand have supported the billet prices. SHFE rebar futures (May'24 delivery) increased d-o-d by RMB 46/t ($6/t) to RMB 3,616/t ($502/t) on 21 Mar'24. Semi Finished Intel Mar 21, 2024 18:56 View All Reports Comprehensive reports on commodities and regions Choose your reports Consulting Guiding you through the complexities of the industry Consult Now Let's discuss your business needs Demo Contact Us Opportunities at BigMint Join Us BIGMINT MOBILE APP INTELLIGENCE ON THE GO! Make confident business decisions from anywhere, anytime Tweets by BigMint Events | Webinars Be a part of BigMint's Global steel community to connect, share and learn from industry thought leaders 14-15 May 2024 4th Bangladesh International Trade Summit By SteelMint Events Website Brochure 24-25 June 2024 Metals Recycling Confex Eurasia By SteelMint Events Website Brochure View All Awards and Accolades Our credentials that make us your most preferred partner in the decision-making journey. ‹› Fine and Lumps: Karnataka e-auction 12 Jan 13:45 IST | Monthly Fines Fe 60% TAX * Recent Searches * Popular-Search In Prices * Iron Ore Fines, CNF Rizhao, China $45,300.00 110 (2.4%) * Pellet Index, PELLEX, DAP-Raipur, India ₹12,800.00 750 (5.9%) * Iron Ore Fines, CNF Rizhao, China $45,300.00 110 (2.4%) * Iron Ore Fines, CNF Rizhao, China $45,300.00 110 (2.4%) View All Results No Results Found In Insights * As Steel Companies Raise Prices, Motilal Oswal Bets on SAIL * UK Stocks-Factors to watch on March 24 * BRIEF-Ocl Iron And Steel Ltd - Devender Singh Resigned As CFO * BRIEF-Southern Indian State Of Karnataka Decides To Auction Nmdc Ltd's Donimalai Iron Ore Mine - Source * As Steel Companies Raise Prices, Motilal Oswal Bets on SAIL View All Results No Results Found In statistics * Capacity | Pellet/Concentrate | India | 2018 to 2019 | Yearly * Production | Pellet/Concentrate | India | 2018 to 2019 | Yearly * Import | Pellet/Concentrate | India | 2018 to 2019 | Yearly * Export | Pellet/Concentrate | India | 2018 to 2019 | Yearly * Export | Pellet/Concentrate | India | 2018 to 2019 | Yearly View All Results No Results Found In Reports * Iron Ore Railway Movement * Iron Ore Statistics as on February 2021 * India Iron and Steel Industry CY18 Vs CY17 * Iron Ore Railway Movement * India Iron and Steel Industry CY18 Vs CY17 View All Results No Results Found In Tenders * Auction of pooled iron & PCM jam. Auction of pooled iron & PCM jam | Sell * Auction of iron ore | Buy * Auction of pooled iron & PCM jam. Auction of pooled iron & PCM jam | Sell * Auction of pooled iron & PCM jam. Auction of pooled iron & PCM jam | Sell * Auction of iron ore | Buy View All Results No Results Found In Events * 3rd Steel & Row Material Conference Emerginig Bangladesh * Bangladesh Coal Conference 2021 * IRON ORE: Maximizing Production from Odisha & Challenges Ahead * China's Scrap Import Policy - How will it change the market dynamics? * Indian Long Steel: Short and Medium term Outlook View All Results No Results Found In Prices * Iron Ore Fines, CNF Rizhao, China $45,300.00 110 (2.4%) * Pellet Index, PELLEX, DAP-Raipur, India ₹12,800.00 750 (5.9%) * Iron Ore Fines, CNF Rizhao, China $45,300.00 110 (2.4%) * Iron Ore Fines, CNF Rizhao, China $45,300.00 110 (2.4%) View All Results No Results Found In Insights * As Steel Companies Raise Prices, Motilal Oswal Bets on SAIL * UK Stocks-Factors to watch on March 24 * BRIEF-Ocl Iron And Steel Ltd - Devender Singh Resigned As CFO * BRIEF-Southern Indian State Of Karnataka Decides To Auction Nmdc Ltd's Donimalai Iron Ore Mine - Source * As Steel Companies Raise Prices, Motilal Oswal Bets on SAIL View All Results No Results Found In statistics * Capacity | Pellet/Concentrate | India | 2018 to 2019 | Yearly * Production | Pellet/Concentrate | India | 2018 to 2019 | Yearly * Import | Pellet/Concentrate | India | 2018 to 2019 | Yearly * Export | Pellet/Concentrate | India | 2018 to 2019 | Yearly * Export | Pellet/Concentrate | India | 2018 to 2019 | Yearly View All Results No Results Found In Reports * Iron Ore Railway Movement * Iron Ore Statistics as on February 2021 * India Iron and Steel Industry CY18 Vs CY17 * Iron Ore Railway Movement * India Iron and Steel Industry CY18 Vs CY17 View All Results No Results Found In Tenders * Auction of pooled iron & PCM jam. Auction of pooled iron & PCM jam | Sell * Auction of iron ore | Buy * Auction of pooled iron & PCM jam. Auction of pooled iron & PCM jam | Sell * Auction of pooled iron & PCM jam. Auction of pooled iron & PCM jam | Sell * Auction of iron ore | Buy View All Results No Results Found In Events * 3rd Steel & Row Material Conference Emerginig Bangladesh * Bangladesh Coal Conference 2021 * IRON ORE: Maximizing Production from Odisha & Challenges Ahead * China's Scrap Import Policy - How will it change the market dynamics? * Indian Long Steel: Short and Medium term Outlook View All Results No Results Found Suggested Key Words: Iron Scrap & Metallics Melting Scrap Rerolling Scrap Mill Scale Iron Ore in India in China in Bangladesh No key words available In Prices * Iron Ore Fines, CNF Rizhao, China $45,300.00 110 (2.4%) * Pellet Index, PELLEX, DAP-Raipur, India ₹12,800.00 750 (5.9%) * Iron Ore Fines, CNF Rizhao, China $45,300.00 110 (2.4%) * Iron Ore Fines, CNF Rizhao, China $45,300.00 110 (2.4%) View All Results No Results Found In Insights * As Steel Companies Raise Prices, Motilal Oswal Bets on SAIL * UK Stocks-Factors to watch on March 24 * BRIEF-Ocl Iron And Steel Ltd - Devender Singh Resigned As CFO * BRIEF-Southern Indian State Of Karnataka Decides To Auction Nmdc Ltd's Donimalai Iron Ore Mine - Source * As Steel Companies Raise Prices, Motilal Oswal Bets on SAIL View All Results No Results Found In statistics * Capacity | Pellet/Concentrate | India | 2018 to 2019 | Yearly * Production | Pellet/Concentrate | India | 2018 to 2019 | Yearly * Import | Pellet/Concentrate | India | 2018 to 2019 | Yearly * Export | Pellet/Concentrate | India | 2018 to 2019 | Yearly * Export | Pellet/Concentrate | India | 2018 to 2019 | Yearly View All Results No Results Found In Reports * Iron Ore Railway Movement * Iron Ore Statistics as on February 2021 * India Iron and Steel Industry CY18 Vs CY17 * Iron Ore Railway Movement * India Iron and Steel Industry CY18 Vs CY17 View All Results No Results Found In Tenders * Auction of pooled iron & PCM jam. Auction of pooled iron & PCM jam | Sell * Auction of iron ore | Buy * Auction of pooled iron & PCM jam. Auction of pooled iron & PCM jam | Sell * Auction of pooled iron & PCM jam. Auction of pooled iron & PCM jam | Sell * Auction of iron ore | Buy View All Results No Results Found In Events * 3rd Steel & Row Material Conference Emerginig Bangladesh * Bangladesh Coal Conference 2021 * IRON ORE: Maximizing Production from Odisha & Challenges Ahead * China's Scrap Import Policy - How will it change the market dynamics? * Indian Long Steel: Short and Medium term Outlook View All Results No Results Found Go Sorry! This Section is not available in smaller screen sizes, Please open this page in the desktop version for this feature. Done Hi, there Log in to your account Forgot Password Login With OTP Loading... Login credential verified Continue Loading.. 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