SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, stood at INR 8,900/tonne (t), stable compared to the last assessment on 6 December, 2022. No deals were reported.
SteelMint’s daily sponge iron, CDRI index was assessed at INR 31,500/tonne (t) (- INR 200) exw-Rourkela on 13 December, 2022. Although the index fell on falling steel prices, trades improved as some buyers resumed purchases. About 2,600 t of transactions were recorded on 13 December as against 1,800 t on 12 December.
The Indian HRC (SAE1006) export index saw a $25/t increase this week as mills started to quote higher after closing deals in the Middle East (ME) market, and the European Union (EU). SteelMint’s India HRC export index was assessed at $560/t FoB east coast, which was at $535/t FoB a week ago.
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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