BigMint’s bi-weekly domestic pellet (Fe 63%) index remained stable at INR 9,850/t DAP ($119/t) Raipur on 2 February 2024 compared to the last assessment on 30 January 2024. A deal of 11,000 t was recorded at INR 9,850/t DAP Raipur.
BigMint’s billet index fell by INR 200/t to INR 39,250/t exw-Raipur on 2 February, 2024. The index fell due to gloomy market sentiment in the country’s semi-finished segment. About 1,880 t of transactions were recorded on 2 Feburary as against 1,600 t on 1 February.
The index for domestic steel scrap (end-cutting) in Mandi Gobindgarh, as reported by BigMint, declined by INR 300/t on 2 February, 2024, reaching INR 37,100/t on a delivered-at-plant (DAP) basis.
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.
