SteelMint: Billet index rebounds on improved bids, demand recovery in finished products – 30 Aug

SteelMint’s daily steel billet index was assessed at INR 47,700/tonne (t) (+ INR 200/t) exw-Raipur on 30 August, 2022.

About 4,600 t of transactions were recorded today as against 2,500 t on 29 August.

The index recovered following improved bids on demand recovery in finished steels with increasing prices in the northern region.

About 6,350 t of transactions in wire rods and around 5,900 t of rebar deals were recorded in today’s trading session in Raipur.