BigMint’s bi-weekly domestic pellet (Fe 63%) index remained stable at INR 10,300/t ($124/t) DAP Raipur on 21 May,2024 compared to the last assessment on 17 May. Raipur sponge and steelmakers booked around 30,000 t of pellets (Fe 62.5+/-0.5%) at around INR 10,000/t DAP Raipur in this publishing window.
BigMint’s domestic steel end-cutting scrap index for Mandi Gobindgarh increased by INR 100/t to INR 41,300/t DAP.
BigMint’s billet index rose by INR 100/t to INR 44,550/t exw-Raipur on May 21, 2024. The total volume of deals 21 May was approximately 4,000 t, far higher than 1,300 t on 20 May.
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.
