Iron ore concentrate prices in Jabalpur, central India, witnessed a marginal decrease this week due to low buying interest. SteelMint’s index for Fe 63% concentrate prices currently stands at around INR 3,050/tonne (t) exw, a fall of INR 50/t as against the last assessment on 27 August.SteelMint’s daily steel billet index was assessed at INR 47,300/tonne (t) (- INR 400/t) exw-Raipur on 31 August, 2022. About 2,500 t of transactions were recorded as against 4,600 t on 30 August. The index fell on account of limited bids and dull finished steel sales.SteelMint’s domestic steel scrap (end-cutting) index fell by INR 300/tonne (t) to INR 44,200/t DAP Mandi Gobindgarh on 31 August, 2022. Overall, the semi-finished and finished steel markets remained quiet. Only offer prices were revised throughout the day, while scrap sellers adopted a wait-and-watch strategy.The below sheet summarises confirmed trades/offers of iron and steel products collected by SteelMint to help our users keep track of day-to-day trade dynamics.
.jpg)
Leave a Reply