SteelMint’s domestic steel scrap (end-cutting) index inched up by INR 100/t to INR 42,800/t DAP Mandi Gobindgarh on 12 December, 2022. In Mandi, the semi-finished and finished steel markets saw need-based purchases taking place but tight scrap supply and limited offers by traders pushed up scrap prices.
SteelMint’s daily steel billet index has risen marginally to INR 43,900/tonne (t) ( + INR 100/t) exw-Raipur on 12 December, 2022. The index increased mainly due to higher offers in the market following the price recovery seen during the morning hours in north India. However, spot trades remained average. Billet transactions of around 2,950 t were recorded on 12 December in Raipur as against 300 t on 10 December.
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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