SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, stood at INR 10,200/tonne (t) DAP Raipur, increasing by INR 100/t on 21 February compared to the last assessment on 17 February 2023. Around 15,000 t of deals were reported. Trade volumes decreased slightly this week in comparison to the previous week.
SteelMint’s billet index inched up to INR 46,600/tonne (t) (+INR 100) exw-Raipur on 21 February, 2023. Billets prices inched up on higher offers. Trade in semi-finished and finished long steel remained moderate. Transactions of around 1,700 t were recorded on 21 February in Raipur as against 1,450 t as reported on 20 February.
SteelMint’s India HRC (SAE1006) export index remained unchanged at $708/t FOB east coast this week. Indian mills continued to hold back offers for Vietnam. On the other hand, indications for the UAE market remained unchanged w-o-w. There have been no export deals reported for these two countries in the recent past.
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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