SteelMint’s bi-weekly domestic pellet (Fe 63%) index, PELLEX, stood at INR 8,100/tonne (t) DAP Raipur on 16 September, 2022. The index remained stable, with around 13,500 t deals getting concluded in this publishing window.SAIL-Durgapur Steel Plant held an auction for 1,500 t of steel grade pig iron on 16 Sep’22. The auction failed to receive bids as the base price was high at INR 44,000/t exw.SteelMint’s daily steel billet index was assessed at INR 47,950/tonne (t) (- INR 150/t) exw-Raipur on 16 September, 2022. Spot billet transactions recorded about 2,976 t on 16 September as against 2,800 t on 15 September. The index dropped marginally on account of limited demand for finished steel products, followed by a price fall in north India.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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