SteelMint’s domestic steel scrap (end-cutting) index fell by INR 700/tonne (t) to INR 43,700/t DAP Mandi Gobindgarh on 18 January, 2023. Low demand for semi-finished steel and finished products put downward pressure on scrap prices.
India’s pellets export trades remained largely stable compared to last week. SteelMint’s India pellet (Fe 63%, 3% Al) export index, FOB east coast, was assessed at $118/t, inched up by $1/t w-o-w. The market remained silent as most market participants are out of it for Lunar New Year celebrations.
SteelMint’s billet index decreased at INR 47,800/tonne (t) (-INR 400) exw-Raipur on 18 January, 2023. Billets prices declined on lower offers by sellers and limited trading activity. Due to the slowdown in market amid fluctuating market prices. Transactions of only 150 t were recorded on 18 January in Raipur as against 1,450 t as reported on 17 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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