SteelMint’s bi-weekly domestic pellet (Fe 63%) index, PELLEX, stood at INR 8,000/tonne (t) stable on 21 Ocotber, compared to the last assessment on 18 October, 2022. Increased sponge prices and quite a decent response in the OMC iron ore auction has kept the offers supported.
SteelMint’s daily steel billet index was assessed at INR 47,300/tonne (t) (+ INR 600/t) exw-Raipur on 21 October, 2022. The Index rose on account of price recovery in north India as well as the rise in sponge iron prices. Spot billet deals fell to around 2,450 t on 21 October in Raipur as against 2,700 t on 20 October.
JSW Steel’s crude steel output dropped marginally by 1% q-o-q to 4.95 mnt in Q2FY23 against 5 mnt in Q1.
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.
Leave a Reply