Author: Romil Sethi

SteelMint billet index rises in Dec’21 as trade volumes surge 28% m-o-m

Jan 21, 2022

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by

Romil Sethi

in Billet

SteelMint’s domestic induction furnace steel billet (100×100 mm) index that tracks the central Indian market of Raipur saw trade volumes climbing 28% month-on-month to 108,675 tonnes (t) in Dec’21 from 84,855 t in Nov. Trade volumes rose to a nine-month high in Dec, data reveals. Weak steel prices in early Dec, coupled with softening domestic iron ore…