SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, stood at INR 9,800/tonne (t) DAP Raipur, up by INR 150/t on 6 January compared to the last assessment on 3 January, 2023. The market saw lower trading activities in the past couple of days. Around 3,000 t of deals were reported.
SteelMint’s domestic steel scrap (end-cutting) index decreased by INR 400/tonne (t) to INR 44,200/t DAP Mandi Gobindgarh on 6 January, 2023.
SteelMint’s billet index showed a downward trend today, falling to INR 47,250/tonne (t) (- INR 250) exw-Raipur on 6 January, 2023. Billet prices decreased on lower offers, although trading activity was strong. Trades in semi-finished steel remained strong but finished long steel sales declined. Transactions of around 2,600 t were recorded on 6 January in Raipur as against 1,200 t as reported on 5 January.
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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