SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, stood at INR 10,250/tonne (t) DAP Raipur, down marginally by INR 100/t on 20 January compared to the last assessment on 17 January, 2023. Around 35,000 t of deals were reported.
Indian sponge iron prices showed mixed trends, with a further drop in prices reported in the eastern regions. Meanwhile, prices in the central and southern regions saw a marginal rise as manufacturers resisted further price cuts due to higher raw material costs. About 20,710 t of sponge iron transactions were recorded on 20 January in India as against 25,800 t on 19 January.
SteelMint’s billet index remained constant at INR 47,750/tonne (t) (=) exw-Raipur on 20 January, 2023. Billets prices did not vary much as market remained slow with limited buying activity both in semi-finished and finished steel. Transactions of around 1,150 t were recorded on 20 January in Raipur as against 4,050 t as reported on 19 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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