SteelMint’s domestic steel scrap (end-cutting) index inched up by INR 100/tonne (t) to INR 42,300/t DAP Mandi Gobindgarh on 22 March, 2023. Mandi witnessed a lack of demand for semi-finished and finished steel.
SteelMint’s billet index increased by INR 250/t d-o-d to INR 45,950/tonne (t) exw-Raipur on 22 March, 2023. Sellers kept offers on the higher side amid fluctuating market trends even as moderate orders were booked at these prices. Transactions of around 1,900 t were recorded on 22 March in Raipur as against 3,320 t on 21 March.
SteelMint’s India pellet (Fe 63%, 3% Al) export index FOB east coast was recorded at $111/t, falling by $12/t w-o-w amid a sharp drop in global iron ore prices at the start of this week. The index has fallen to over a two-month low, as per data maintained with SteelMint.
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