MARKET SNAPSHOT

MARKET SNAPSHOT

Daily Morning Digest

Asian markets are trading higher, as investors reacted to Japan Prime Minister Shigeru Ishiba's resignation announcement over the weekend, and awaited key regional data, including China's August trade numbers. Nikkei, Hang Seng, and Shanghai are trading higher by 1.82%, 0.41%, and 0.42%.

During Aug-25, Indian steel prices remained flat MoM at Rs49,500/tonne, while Chinese steel rose by 2% MoM to $500/tonne due to government-led production cuts and anticipation of further output restrictions. Coking coal prices increased by 5% MoM to $155/tonne, driven by supply-side disruptions amid the monsoon. In Jul-25, Indian steel production rose by 3% MoM to 14 mn tonnes. Estimated Chinese steel output declined by 4% MoM to 80 mn tonnes, while global steel production contracted by 1% MoM to 150 mn tonnes. Chinese steel exports increased by 2% MoM and 26% YoY to 9.8 mn tonnes, driven by weak domestic...

Newsletter

Indian HRC: Indian HRC prices remained flat WoW to Rs 49,500/tonne, as market participants adopt wait and watch approach to gain further price clarity for September. Billet-Ex-Raipur: Billet prices increased by 1.6% WoW to Rs 37,200/tonne, supported by positive sentiment spill-over from GST 2.0 reforms, boosting steel demand from consuming industries. Chinese HRC: Chinese HRC prices decreased by 1.0% WoW to Rs 41,857/tonne, driven by concerns of potential domestic oversupply...

Retail Research

The IPO market continues its strong activity this week, with eleven new issues set to open, including three from the mainboard segment. Additionally, seven companies will make their stock market debut, following 11 listings last week.

Retail Research