SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, stood at INR 8,500/tonne (t), down by INR 250/t on 29 November compared to the last assessment on 25 November, 2022. Trades continued to remain muted on bid-offer disparities.
SteelMint’s daily steel billet index was assessed at INR 41,800/tonne (t) (+ INR 600/t) exw-Raipur on 29 November, 2022. The index increased on account of improved demand following price recovery in the northern region, which influenced suppliers to keep offers higher. Spot billets trades in Raipur improved to about 3,820 t on 29 November as against 1,970 t on 28 November in Raipur.
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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