SteelMint Daily Trade Sheet – 19 Sep’22

SteelMint’s daily sponge iron, CDRI index, was assessed at INR 34,400/tonne (t) (- INR 250) exw-Rourkela on 19 September, 2022. Market participants have become cautious due to the consistent price corrections which eventually resulted in fewer enquiries. Hence, an overall negative market has weighed on the index d-o-d.

SteelMint’s daily steel billet index was assessed at INR 47,700/tonne (t) (- INR 150/t) exw-Raipur on 19 September, 2022. The index trended down as bids continued to remain low amid weak finished steel sales followed by the decline in steel prices in the northern region.

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.