BigMint’s domestic end-cutting scrap index for the Mandi Gobindgarh market climbed by INR 200/tonne (t) to INR 41,300/t DAP on 30 May, 2024. In the Mandi market, there was a noticeable increase in trade activity, particularly in scrap and ingot, leading to a rise in prices by INR 200/t-300/t.
BigMint’s billet index rose slightly by INR 50/tonne (t) to INR 44,550/t exw-Raipur on 30 May, 2024. The index experienced a slight increase, driven by increased buying activity in both the semi-finished and finished steel segments. Trade volume increased by 5,410 t on 30 May as compared to 1,500 t on 29 May.
BigMint’s weekly Indian low-grade iron ore fines (Fe 57%) export index fell by $2/t w-o-w to $66.5/tonne (t) FOB east coast on 30 May 2024. The Indian seaborne market continued to face pressure; only a few exporters finalised deals while others remained cautious.
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.
