BigMint’s billet index inched up by INR 100/t at INR 39,350/t exw-Raipur on 19 February, 2024. About 2,950 t of transactions were recorded on 19 February as against 1,700 t on 17 February.
According to BigMint’s report dated 19 February, 2024, the index for domestic steel scrap (end-cutting) in Mandi Gobindgarh surged by INR 300 per tonne (t), reaching INR 37,400/t on a delivered-at-plant (DAP) basis.
Indian sponge iron prices witnessed a modest uptick ranging from INR 50-200/t in almost all key locations. About 13,200 t of sponge iron transactions were recorded in the country on 19 February compared to 21,800 t on 17 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.
