SteelMint Daily Trade Sheet – 21 Jul’22

Indian imported scrap buyers resumed bookings of bulk cargoes recently. Around 32,000 t of mixed bulk cargo was booked from USA. The cargo comprising 14,000 t of shredded, 10,000 t of bonus and 8,000 t of HMS 1&2 (80:20) was booked at an average price of $425-430/t CFR levels.

Iranian billet export prices witnessed a significant drop in recently-concluded deals.

SteelMint’s daily steel billet index is assessed at INR 47,300/tonne (t) (- INR 800) exw-Raipur on 21 July, 2022.

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.