SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, stood at INR 10,100/tonne (t) DAP Raipur, increasing by INR 150/t on 17 February compared to the last assessment on 14 February, 2023. Around 25,000 t of deals were reported.
SteelMint’s domestic steel scrap (end-cutting) index increased by INR 900/tonne (t) to INR 44,000/t DAP Mandi Gobindgarh on 17 February, 2023. The primary cause of the scrap price increase has been an increased demand for semi-finished steel due to limited availability of the material.
SteelMint’s billet index increased by INR 200/t to INR 46,750/tonne (t) exw-Raipur on 17 February, 2023. The index showed an upward trend on active trades at high prices. Demand for semis remained strong while trade in finished long steel showed mixed trends. Transactions of around 3,400 t were recorded on 17 February in Raipur as against 2,800 t reported on 16 February.
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