SteelMint’s daily steel billet index was assessed at INR 47,150/tonne (t) (+ INR 150/t) exw-Raipur on 6 September, 2022. About 1,900 t of transactions were recorded on 6 September as against 3,050 t on 5 September. The index recovered on positive trends with price recovery seen in the northern region. However, spot billet demand in Raipur remained slowed on higher offers.SteelMint’s daily sponge iron, CDRI, index was assessed at INR 34,700/tonne (t) (- INR 50) exw-Rourkela on 6 September, 2022. About 1,600 t of transactions were recorded today as against 1,760 t on 5 September. Lower bids due to current sluggish trends drove the index lower.SteelMint’s domestic steel scrap (end-cutting) index rose INR 250/tonne (t) to INR 44,650/t DAP Mandi Gobindgarh on 6 September, 2022. Scrap prices increased on account of the rise in semis prices, although trading in the semi-finished and finished steel markets remained quiet.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.
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