SteelMint’s daily steel billet index was assessed at INR 44,100/tonne (t) (-INR 350) exw-Raipur on 10 November, 2022. With this significant drop in offers, the index reached close to previous record lows of INR 43,500/t, seen during the first week of January 2022. About 2,160 t of spot billet trades were reported on 10 November as against 2,300 t on 9 November.
SteelMint’s daily sponge iron, CDRI index was assessed at INR 32,250/tonne (t) (- INR 200) exw-Rourkela on 10 November, 2022. With few trades reported today, the index decreased. There was little buying interest. About 1,700 t of transactions were recorded on 10 November as against 2,260 t on 9 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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