SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, stood at INR 10,250/tonne (t), stable on 27 January compared to the last assessment on 24 January, 2023. No deals were reported
SteelMint’s domestic steel scrap (end-cutting) index rose by INR 200/tonne (t) to INR 43,500/t DAP Mandi Gobindgarh on 27 January, 2023. The index rose on the back of an improvement in semi-finished steel demand and prices in today’s session. But finished steel demand remained limited.
Sponge iron prices remained unpredictable today despite rising trends in the morning which were not matched by buyers’ expectations leading to a slight increase in offers across the country. About 21,090 t of sponge iron transactions were recorded on 27 January in India as against 16,300 t on 25 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