SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, stood at INR 9,250/tonne (t), stable on 23 December compared to the last assessment on 20 December, 2022. Around 5,000 t of deals were reported.
Steel billets prices increased to INR 44,600/tonne (t) ( +INR 550/) d-o-d exw-Raipur on 23 December, 2022. SteelMint’s daily index improved on positive trends and active trades in both semis and finished steels. Also, the northern region market saw an upward trend today. Billets transactions of around 7,420 t were recorded on 23 December in Raipur as against 6,800 t as reported on 22 December.
SteelMint’s daily sponge iron, CDRI index, was assessed at INR 31,400/tonne (t) (+ INR 600) exw-Rourkela on 23 December, 2022. The index saw a rise in prices as producers have quoted higher prices on an active demand. This increase is believed to be due to a sharp rise in the prices of billets. About 4,605 t of transactions were recorded on 23 December as against 2,300 t on 22 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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