SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, stood at INR 9,700/tonne (t) DAP Raipur, stable on 13 January compared to the last assessment on 10 January, 2023. Around 18,000 t of pellet deals have been concluded.
Sponge iron prices in India have witnessed a significant hike over the last few days with prices rising by INR 300-550/t in key locations. The increase in prices is due to active demand, optimism in the spot market, and higher offers quoted by suppliers. About 21,200 t of transactions were recorded in the domestic markets on 13 January as against 16,410 t on 12 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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