SteelMint’s index for Fe 63% concentrate currently stands at around INR 2,900/tonne (t) exw on 2 November, stable as against the last assessment on 29 October, 2022. Prices remained stable amid weak iron ore market sentiments, and decrease in pellet and Odisha iron ore prices.
SteelMint’s daily steel billet index was assessed at INR 45,500/tonne (t) (- INR 350) exw-Raipur on 2 November, 2022. The index slumped further due to limited buying on account of weak finished steel sales. Spot billet trades fell to around 1,150 t on 2 November as against 2,380 t on 1 November.
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