SteelMint’s domestic steel scrap (end-cutting) index decreased by INR 200/tonne (t) to INR 40,900/t DAP Mandi Gobindgarh on 7 November, 2022. Steel ingots prices in Mandi saw a marginal correction of INR 300/t d-o-d to INR 46,600/t DAP.
SteelMint’s daily steel billet index was assessed at INR 44,250/tonne (t) (- INR 450) exw-Raipur on 7 November, 2022. Bids continued to fall on account of a slight increase in stocks with the majority of suppliers, which led to the constant drop in steel prices. About 2,750 t of spot billet trades were recorded on 7 November in Raipur as against 1,150 t on 5 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.
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