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MSTC MONTHLY E- METAL BULLETIN

APRIL 2017 (ISSUE NO. 01/2017-18)

CORPORATE PLANNING DEPARTMENT

MSTC LIMITED
( A Government of India Enterprise )
225-C, 5TH FLOOR, ACHARYA JAGADISH CHANDRA
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GOVT TO AUCTION SIX COKING COAL MINES

The Centre is planning to auction six coking coal blocks, a move that may help in
augmenting the supply of the fuel used for steel-making, to cater to growing demand.
"The Coal Ministry will put on offer six coking coal blocks for captive purposes," an
official close to the development said. The entire demand of metallurgical coal, he said,
is not met indigenously since supply of high quality coking coal in the country is
limited. Therefore, no option is left other than importing such fuel. The state-run Coal
India Ltd (CIL) which produced 55.22 million tonne (MT) of coking coal last fiscal is
eyeing 59.77 MT of metallurgical coal in the ongoing financial year, the official added.
CIL, which accounts for over 80 per cent of the domestic coal production, eyes 63.55
MT coking coal in the next fiscal and 72.30 MT in 2019-20. According to current
import policy, coal is kept under the Open General License (OGL) and consumers are
free to import coal from the source of their choice as per their contractual prices on
payment of applicable duty. During the April-Jan period of FY'17, India imported 34.84
MT metallurgical coal. In FY'16, India imported 43.51 MT of coking coal and 43.71 MT
of fuel used in steel-making in FY'15. The government had earlier said that efforts were
being made to increase the availability of indigenous coking coal in the country in
order to reduce the import of the fossil fuel which is mainly used in production of steel.
The industry body ASSOCHAM had also earlier stated that India needs to emphasise
on indigenous production of coking coal in order to reduce the dry fuel import which
has resulted in loss of forex reserves. In addition, CIL is also planning to acquire
coking coal mines in Australia as it looks to supplement the requirement of country's
metallurgical coal. Australia has put on offer some coking coal blocks and CIL has
initiated dialogues with the Australian government with regard to acquiring some
mines there, a source privy to the development had recently said. However, the
discussions are in a very preliminary stage, the source had said. India's dependence on
imports is particularly heavy on coking coal which is a vital ingredient in the steel
making process. Keeping in view the limited availability of metallurgical coal as an
'disadvantage' for Indian steel sector, the draft steel policy aims at increasing supply of
domestic coking coal to cut dependence on imports by half and a production of 300
million tonne of the alloy by 2030-31.
(Source: NEW VOLUME XV NO.16 APRIL 17-23, 2017)

INDIA'S STEEL EXPORTS SURGE 102% IN 2016-17; IMPORTS

FALL 36.6%
India's steel exports jumped by 102.1 per cent in 2016-17 to 8.24 million tonne (mt),
as compared to 4.07 mt shipped out in the previous financial year (2015- 16),
according to a Steel Ministry's report. "Export of total finished steel was up by 102.1
per cent in April- March 2016-17 at 8.24 mt over same period of last year. Export in
March 2017 at 1.62 mt was up by 363 per cent over March 2016 and grew by 114 per
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cent over February 2017," said the report of Joint Plant Committee. "Since domestic
consumption is not picking up well, steel producers have been given thrust on exports.
Such trend is expected in 2017-18 because of brownfield expansion of steel in India.
Steel producers, including SAIL, have been drawing up big plans for exports," Institute
for Steel Development and Growth's Director General Sushim Banerjee said on
Wednesday last. India has become a net exporter of steel in 2016-17 as imports fell
gradually. According to provisional data, imports of total finished steel stood at 7.42 mt
in 2016-17, declining by 36.6 per cent from 11.71 mt of imports in 2015-16. Imports in
the last month at 0.8 mt were down by 19.7 per cent over the corresponding month of
previous fiscal, but up by 51.8 per cent over February 2017. According to the report,
India's consumption of total finished steel at 83.93 mt saw a growth of three per cent
in 2016-17 as against 81.52 mt in 2015-16. Consumption in March only at 7.98 mt
was up by 2.2 per cent over corresponding month last year but increased by 13.4
percent over February, 2017. "Unless investments come in the infrastructure projects,
domestic consumption will not rise sharply. In fact, steel intensity to GDP has come
down," Banerjee said. Production for sale of total finished steel at 101.27 mt registered
a growth of 11.3 per cent during 2016-17, compared to 90.98 mt in the previous fiscal.
In fact, crude steel production grew by 8.5 per cent in 2016-17. Overall, finished steel
production for sale was at 9.75 mt in March, 2017, up by 17.4 per cent over year-ago
month and grew by 14.6 per cent over February 2017.
(Source: NEW VOLUME XV NO.16 APRIL 17-23, 2017)

Price in rupees per tonne. Prices exclusive of excise duty & ST/VAT

DOMESTIC PRICE OF SCRAP ITEMS FOR MARCH 2017:

ITEMS AUC REGION UNIT PRICE

NO. (RS/UNIT)
FERROUS
MISC STEEL SCRAP. 19712 ERO/KOLKATA MT 25003
IRON DUST/LUMP FROM SAW 20766 ERO/KOLKATA MT 9667
MACHINE.
STEEL STRIPS, BROKEN 20766 ERO/KOLKATA MT 14501
SHEETS, ROTTEN
CORRUGATED G.I. SHEET,
BROKEN DRUMS.
STEEL / MS TURNING & 18514 ERO/KOLKATA MT 11001
BORING.
MANGANESE STEEL SCRAP. 19981 NRO/DELHI MT 22255

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M.S IRON SCRAP OF SORTS. 20731 NRO/DELHI MT 19000
MS SCRAP. 20147 SRO/CHENNAI MT 17601
MIX IRON AND STEEL SCRAP. 20100 SRO/CHENNAI MT 18501
CAST IRON SCRAP - HPSV 20518 SRO/CHENNAI MT 64999
LAMPS.
IRON SCRAP. 20454 WRO/MUMBAI MT 20000
FERROUS MS SCRAP FROM 20806 WRO/MUMBAI MT 18801
SCRAP CYLINDERS.
SCRAP STEEL WIRE ROPES. 21154 WRO/MUMBAI MT 20800
MS SCRAP. 20360 VADODARA MT 18720
POLE STEEL SKELETON, 19509 BANGALORE MT 23000
ANGLE IRON, CROSS ARM,
IRON SCRAP.
MS SCRAP OF REJECTED 21017 VIZAG MT 17153
CRUSHED LPG CYLINDERS.

NON FERROUS

ALUMINIUM TURNING & 18514 ERO/KOLKATA KG 76.50

BORING.
BRASS TURNING & BORING. 18514 ERO/KOLKATA KG 235.10
BRASS SCRAP. 18514 ERO/KOLKATA KG 260.00
ALUMINIUM SCRAP. 18514 ERO/KOLKATA KG 107.999
ALUMINIUM SCRAP 20897 SRO/CHENNAI KG 93.00
(UNSERVICEABLE).
LEAD SCRAP. 19981 NRO/DELHI KG 143.00
COPPER SCRAP, UNBURNT T/F. 20757 NRO/DELHI KG 355.10
COIL.
BRASS SCRAP. 20760 NRO/DELHI KG 282.00
COPPER CABLE SCRAP 20114 WRO/MUMBAI KG 47.21
CONSISTING OF SCRAP/USED
INSULATED COPPER CABLES.
ALUMINIUM CABLE SCRAP. 20115 WRO/MUMBAI KG 49.00
BRASS DROSS LUMPS. 21716 WRO/MUMBAI KG 165.00
COPPER SCRAP (BURNT). 20341 VADODARA KG 385.58
ALUMINUM WINDING COIL. 19407 BANGALORE KG 94.00
COPPER CONDUCTOR. 19407 BANGALORE KG 376.00
SCRAP BRASS REJ. BEZEL 22750 BANGALORE KG 316.00
BLANKS -.
BRASS SCRAP OF REJECTED 21017 VIZAG KG 281.00
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CRUSHED BRASS SC VALVES.
DRUMS

EMPTY PVC/PLASTIC/HDPE OIL 21119 ERO/KOLKATA NO. 490

DRUM.
EMPTY CONDUCTOR STEEL 20773 NRO/DELHI NO. 2551
DRUMS NEWASA, M.S. KPTL TL
ETC.
MS SCRAP DRUMS. 20253 WRO/MUMBAI NO. 375
EMPTY OIL STEEL BARRELS 19509 BANGALORE NO. 302
(GOOD).

VEHICLES

M&M BOLERO. 20791 ERO/KOLKATA NO. 85998

MAKE OF THE VEHICLE: TATA 19870 WRO/MUMBAI NO. 22000
MOTORS LTD
MODEL OF THE VEHICLE: SUMO.
INNOVA 19730 VADODARA NO. 200000
GJ 18 AC 1100
WITH RC.

(Source: the price obtained in e-auctions conducted by MSTC)

Note: The above prices are dependent on the condition of material, location, time of arising and other criteria, anticipate in our
online auction: MSTC e commerce.

GLOBAL STEEL RAW MATERIALS PRICES

(Key Raw Materials Price)
ITEMS MARCH 31, APRIL 12,
2017 2017
Iron ore fines 62% Fe Chinese imports (CFR North 79.20 67.90
China port), $/dmt
Coking coal, Premium hard, Australian exports (FOB 152.30 300.30
port), $/mt
Coking coal, Premium JM25, Chinese imports (CFR 165.00 264.70
port), $/mt
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Ferrous scrap HMS 1&2 80:20, Turkish imports 267.00 273.00
(CFR port), $/mt
Ferrous scrap Shredded, US domestic (del Midwest 325.00 301.00
mill), $/lt
Ferrous scrap Shredded, Indian imports (CFR port), 282.00 282.00
$/mt
Pig iron - FOB - Black sea export $/mt 370.00 365.00
Pig iron - FOB Ponta da Madeira - Brazil export. 300.00 380.00
($/mt)
HBI - Venezuela export $/mt 210.00 210.00
Scrap Shredded - delivered - N. Europe domestic, 239.92 273.98
($/mt)
Scrap Shredded Scrap CFR India ($/mt) 295.00 302.00
H2 FOB Japan (Yen/mt) 27750.00 27250.00
(Source: Platts)

REFERENCE PAGE: PRICE TRENDS MARCH 2017

CURRENCY EXCHANGE RATES MARCH 2017

67.00 Exchange Rate (USD) 70.60

70.56 Exchange Rate (EURO)
66.50 70.50
66.63 70.40
66.00 70.30 70.44
66.18
65.50 70.20 70.3
70.10
65.00 65.31 70.00 70.11
64.96
64.50 69.90
69.80
64.00
07.03.2017 14.03.2017 21.03.2017 29.03.2017
07.03.2017 14.03.2017 21.03.2017 29.03.2017

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CURRENCY EXCHANGE RATES MARCH 2017

Date 07/03/17 14/03/17 21/03/17 29/03/17

USD 66.63 66.18 65.31 64.96
EURO 70.56 70.44 70.30 70.11
(Source: RBI Reference Rate, www.rbi.org.in)

DOMESTIC MARKET PRICE

PRIMARY MATERIAL & SEMI MANDI MANDI
FINISHED PRODUCTS GOVINDGARH GOVINDGARH
Rs. /tonne as Rs. /tonne as
07/04/17 31/03/17
OLD SHIP BREAKING (H) 24900 24700
SOLID STEEL SCRAP 22100 21900
MILD STEEL (MM) 34250 34450
757580809090
100100 CONCAST BILLETS 33450 33650
150150 MM (DSP) BLOOMS 33350 33650
ROUND QUALITY (2125) 33300 33500
INGOTS
STRUCTURAL (2830) INGOTS 33500 33700
MANDI MANDI
GOVINDGARH GOVINDGARH
Rs. /tonne as Rs. /tonne as
07/04/17 14/04/17
SPONGE IRON 24400 24600
PIG IRON FOUNDRY GRADE 33000 34000
(These are only indicative prices and may vary depending on the quality, quantity, specification, age condition
& location of material)(The prices are inclusive of excise duty and sales tax) (Source: MMR - Weekly) (N.A. -
Not Available).

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NON FERROUS ITEMS: PRICE AS ON 14/04/2017(average rates)

MUMBAI DELHI
RS/KG RS/KG

ALUMINIUM
Ingot 145.00 -
Sheet Scrap - 143.25
Utensil Scrap 118.25 128.25
Wire Scrap 156.00 147.25
COPPER
Wire Bar 427.75 -
Wire Rod 424.25 -
Utensil Scrap 365.00 -
Wire Scrap 389.00 389.00
BRASS
Sh. Cutting 320.00 -
Utensil Scrap 315.75 -
Gun Metal Scrap - 311.00
ZINC
Ingot 221.50 216.00
Dross - 175.50
TIN
Ingot 1477.50 1471.50
LEAD
Ingot 157.25 -
NICKEL
Ingot 735.00 -
(These are only indicative prices and may vary depending on the quality, quantity, specification, age condition &
location of material) (The prices are in market condition) (Prices inclusive of taxes) (Source: Minerals and Metals
review weekly)

Please note that the prices prevailing in a particular month are reflected in the issue for the subsequent month.

Disclaimer Important Please Read Carefully

Prices and other information contained in this publication have been obtained by us from various sources believed to
be reliable. This information has not been independently verified by us. The information published for has been
prepared solely for informational and educational purposes and is not intended for trading purposes or to address.
Therefore, we accept no responsibility for the accuracy and completeness of the information and will not be held liable
for it under any circumstances.

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OFFICE ADDRESS email-id TELEPHONE

HO, 225-C, A.J.C Bose (033) 2290-
KOLKATA Road, Kolkata - mstcindia@mstcindia.co.in 0964,2287-7557 /
700020 0568 / 9627
NRO, NEW 30/31A Jeevan Vikas (011) 2321 4201,
DELHI Building, (011) 2321 3945
1st Floor, Asaf Ali mstcnro@mstcindia.co.in
Road (opp. Hamdard)
New Delhi - 110 002
WRO, 607-608 Raheja (022) 2288 6261 /
MUMBAI Centre, Nariman 2287 2011/ 2282
mstcwro@mstcindia.co.in
Point, Mumbai - 400 2789
021
SRO, Leelavathi Building, (044) 2521 9004 ,
CHENNAI 2nd Floor; 69, 2522 2842, 2523
mstcsro@mstcindia.co.in
Armenian Street, 1584
Chennai - 600 001
ERO, 225-F, A.J.C Bose (033) 2290-
KOLKATA Road, Kolkata - 700 0964,2287-7557 /
mstcero@mstcindia.co.in
020 0568 / 7716 / 9627
/7568
BANGALORE 19/5 & 19/6, 3rd Floor (080) 2225 6367,
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mstcblr@mstcindia.co.in
Cunningham Road, 22266417
Bangalore- 52
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Prakash" LIC 270 1066
Building
mstcvzg@mstcindia.co.in
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Visakhapatnam -
530004
VADODARA 21,Kamalanjali (0265) 2310606,
Apartment, 2nd 2339 672, 2330726
mstcvda@mstcindia.co.in
Floor, Opp.Tube
Company, Old Padra
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Road,Akota
Vadodara-390 020
BHOPAL 76-77(R), First Floor, (0755) 2552241
Zone-II, M.P.Nagar, mstcbhopal@mstcindia.co.i
Bhopal-462011 n (0755) 2570664
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HYDERABAD Akash Ganga (040) 23301039
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Nagar, Bhubaneswar
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TRICHY K-3/100F, Type-B (III) (+91)9025793464
KR Sector,
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695014

Published monthly by MSTC Ltd, (A Govt. of India Enterprise),

Corporate Planning Department, HO, Kolkata
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