SteelMint’s domestic steel scrap (end-cutting) index remained stable d-o-d at INR 44,500/t DAP Mandi Gobindgarh on 16 January, 2023. The index remained stable with the market showing a slowdown in trade activities today.
SteelMint’s billet index inched up to INR 48,550/tonne (t) (+INR 50) exw-Raipur on 16 January, 2023. Billets prices increased on higher offers by sellers but trading activity remained weak as there was a low acceptance of high prices. Trades in semi-finished and finished long steel also remained limited. Transactions of around 1,250 t were recorded on 16 January in Raipur as against 2,570 t as reported on 14 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.
Leave a Reply