SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, stood at INR 9,700/tonne (t) DAP Raipur, inching down by INR 100/t on 10 January compared to the last assessment on 6 January, 2023. No deals were reported due to decent inventories with buyers while sponge iron prices also fell.
Sponge iron prices in India fell by INR 250-300/t on 10 January in key locations as buying interest remained moderate throughout the day. About 22,300 t of sponge iron transactions were recorded on 10 January as against 15,800 t on 9 January.
SteelMint’s billet index has declined to INR 46,650/tonne (t) (- INR 250) exw-Raipur on 10 January, 2023. Billets prices decreased on moderate buying activities, although trades in the finished long steel segment remained strong. Transactions of around 3,120 t were recorded on 10 January in Raipur as against 2,600 t reported on 9 January.
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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