SteelMint billet index (Exw Raipur) has been assessed at INR 29,500/t (-50), Exw Raipur on 12th September, 16:00 IST.
- This index has been derived based on transactions, offers, bids and indicative price data sets. Transactions are considered as T1 and given a weightage of 50% whereas other data sets are considered as T2 and given a weightage of the balance 50%.
- Transactions T1 – Two trades was recorded in the 11.30 to 3.30 IST, SteelMint trading window at INR 29,500/t and considered for final price calculation as T1 inputs.
- Other Price Indicators (Firm bids/offers) T2 – There were fourteen offers reported in the trading window and considered as T2 inputs. The average price of these was INR 29,553/t and given a 50% weightage in the final price calculation.
The final price for billet Exw Raipur was at INR 29,517/t, rounded to INR 29,500/t Exw.
For detailed methodology – Click here
T1: Trade
T2: Offer/Bid/Indicative
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