SteelMint’s domestic steel scrap (end-cutting) index inched up by INR 100/tonne (t) to INR 42,700/t DAP Mandi Gobindgarh on 19 December, 2022. Scrap supply has still not improved in the domestic market. This, coupled with a rise in semis’ prices, amid limited demand for the same, lifted the index marginally.
SteelMint’s daily steel billet index is assessed at INR 44,200/tonne (t) (- INR 100/t) exw-Raipur on 19 December, 2022. The index fell on account of limited and low enquiries due to weak demand for finished steel products. Hence, the purchase of raw materials was affected, resulting in the fall in spot trades of sponge iron and billets. About 1,900 t of spot billet trades were recorded on 19 December in Raipur as against 1,520 t on 17 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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