SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, stood at INR 10,350/tonne (t) DAP Raipur, a rise of INR 650/t on 17 January compared to the last assessment on 13 January, 2023. However, no active deals have been recorded at current offers.
Indian sponge iron prices decreased by INR 200-550/t in key locations. Prices fell as participants waited for clearer market directions before taking positions. About 11,600 t of sponge iron transactions were recorded on 17 January in India as against 15,270 t on 16 January.
SteelMint’s billet index decreased at INR 48,200/tonne (t) (-INR 350) exw-Raipur on 17 January, 2023. Billets prices declined on lower offers by sellers and moderate trading activity was observed. Transactions of around 1,450 t were recorded on 17 January in Raipur as against 1,250 t as reported on 16 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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