With the impending gradual shift form benchmark pricing based long term contracts to spot cargos, it has become more vital for both sellers as well as buyers to precisely monitor the daily movements of iron ore spot prices to keep tab on trends and spot opportunities.
This has galvanized us to start reporting export prices on FOB East Coast basis for following grades.
| Product | Grade |
| Iron Ore Fines | Fe 63.5/63% |
| Iron Ore Fines | Fe 63.5/62.5% |
| Iron Ore Fines | Fe 63/62 % |
| Iron Ore Fines | Fe 62 / 61% |
| Iron Ore Fines | Fe 61 / 60 % |
| Iron Ore Fines | Fe 60/59 % |
| Iron Ore Fines | Fe 59 / 58 % |
| Iron Ore Fines | Fe 58 / 57% |
Pricing information is updated as and when the levels change
In addition domestic prices at Bellary and Burbil are reported.
The yearly subscription charges are USD 600 or INR 30,000 plus service tax (For Indian clients) for 12 months of service for one user and USD 100 or INR 5,000 for every additional user.
To avail this service you can make registration at www.steelprices-india.com or send a mail for getting invoice at admin@steelprices-india.com with contact details or call us by phone at 0124-4048993. We would be happy to reply to your queries, if any.
Komatsu to issue JPY 40 billion bonds - Nikkei
Nikkei business daily reported that Japanese construction machinery maker Komatsu Ltd is likely to issue around JPY 40 billion (USD 424.7 million) in straight bonds this month to secure cash for loans to its units.
The paper said that the publicly offered bonds targeting pension funds, financial institutions and other institutional investors are likely to be issued in two tranches, JPY 10 billion in three year bonds and JPY 30 billion in five year bonds.
The paper added that loans to the company's units are seen at around JPY 60 billion and funds will be provided in the local currency where the unit operates, with the brokering financial institution shouldering the foreign exchange risk.
The paper further added that the company also plans to develop a cash management system that would bring together the excess funds of its subsidiaries across the globe and reallocate them throughout the group in order to cut fundraising costs.
The daily said that the company, which had separate cash management systems for Japan, the United States and Europe, will merge the systems at its Tokyo headquarters to facilitate funding to subsidiaries in Indonesia, Thailand and elsewhere in Asia.
(Sourced from Thomson Reuters)
