SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, stood at INR 9,250/tonne (t), up by INR 350/t on 20 December compared to the last assessment on 16 December, 2022. With this the Pellex reached a six-month high. Current level were last seen towards the end of May 2022. However, around 38,000 t of deals were reported.
SteelMint’s daily sponge iron, CDRI index, was assessed at INR 31,050/tonne (t) (- INR 200) exw-Rourkela on 20 December, 2022. The Rourkela sponge iron index fell on account of limited trades as buyers are engaged in need-based procurement to fulfil their immediate requirements. Most importantly, spot buying interest was weak today, eventually leading to a decrease in the index. About 1,000 t of transactions were recorded on 20 December as against 1,800 t on 19 December.
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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