SteelMint’s domestic scrap index remained stable as the market fluctuated in the range of INR 300/tonne on 1 December, while end-user demand for steel continued to remain limited. End-cutting scrap fell by INR 100/tonne (t) to INR 41,400/t DAP Mandi Gobindgarh on 1 December, 2022.
SteelMint’s daily steel billet index was assessed at INR 42,800/tonne (t) (- INR 200/t) exw-Raipur on 1 December, 2022. The index slightly fell as buyers held bids due to sufficient buying in last couple of days and the higher volatile prices. Spot billets trades to around 1,550 t on 1 December as against 5,050 t on 30 November in Raipur.
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.
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