BigMint’s bi-weekly domestic pellet (Fe63%) index remained largely stable at INR 10,650/t ($128/t) DAP Raipur on 11 June, 2024 compared to the last assessment on 7 June. No active deals were recorded in Raipur due to weak market sentiments.
BigMint’s domestic end-cutting scrap index fell by INR 200/tonne (t) to INR 41,000/t DAP on 11 June 2024. The mandi market saw a slowdown in trade activity due to weak demand in the semis and finished steel sectors.
BigMint’s billet index fell by INR 300/tonne (t) to INR 43,700/t exw Raipur on 11 June, 2024. The index experienced a further decline, driven by persistent downward sentiments. The total number of transactions recorded on 11 June was 3,360 t, up from to 1,100 t on 10 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.
