SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, stood at INR 7,600/tonne (t), down by INR 200/t on 15 November compared to the last assessment on 11 November, 2022. Trades continued to remain muted on bid-offer disparities and the drop in sponge iron prices.
SteelMint’s daily sponge iron, CDRI, index was assessed at INR 30,500/tonne (t) (- INR 500) exw-Rourkela on 15 November, 2022. The index fell on lower bids, market participants seemed to lack trust in the direction of price changes. As a result, spot trading remained weak. About 2,250 t of transactions were recorded on 15 November as against 300 t on 14 November.
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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