SteelMint’s weekly index for India’s low-grade iron ore fines (Fe 57%) exports stood at $65/tonne (t) FOB east coast on 22 December, 2022, inching down by $1/t w-o-w. Active buying interest was limited as participants remained on the sidelines due to increasing Covid-19 cases in China.
SteelMint’s domestic scrap index remained stable as the market fluctuated in the range of INR 200/tonne on 22 December. Meanwhile, end-user demand for steel continued to remain limited. End-cutting scrap price was recorded at INR 42,300/t DAP Mandi Gobindgarh on 22 December, 2022.
Steel billets prices have increased to INR 44,050/tonne (t) (+INR 250/) d-o-d exw-Raipur on 22 December, 2022. SteelMint’s daily billets index improved on strong demand and active trades in both semis and finished steels. Though, the northern region market has remained subdued but it did not have much impact on the trades in Raipur. Billets transactions of around 6,800 t were recorded on 22 December in Raipur as against 3,500 t as reported on 21 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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