BigMint’s bi-weekly domestic pellet (Fe63%) index dropped by INR 50/t ($1/t) to INR 9,800/t ($116/t) DAP Raipur on 25 June, 2024 compared to the last assessment on 21 June. The index hit two and half month low as similar levels were last seen in mid-April, 2024, as per data maintained with BigMint.
BigMint’s domestic end-cutting scrap index fell by INR 700/t to INR 37,700/t DAP in the Mandi Gobindgarh market on 25 June, 2024. A scrap supplier informed: ”Due to sluggish demand in the semi-finished and finished steel markets, Mandi Gobindgarh scrap prices continue to decline as steel mills procure scrap at lower levels.
BigMint’s billet index fell to a four-month low today, decreasing by INR 500/tonne (t) to reach INR 39,550/t exw Raipur on 25 June 2024. The index continued its downward trend with continuous correction observed over the past few days. About 2,100 t of deals were recorded on 25 June, against 1,300 t on 24 June.
The below sheet summarizes 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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