SteelMint’s domestic scrap (end-cutting) index remained unchanged d-o-d at INR 43,400/tonne (t) DAP Mandi Gobindgarh on 27 February, 2023. The index remained stable with the market showing a slowdown in trade even as shortage of scrap persists.
Sponge iron prices in India rose by INR 50-200/t in key locations. Buying interest among participants remained active throughout the day. About 27,900 t of sponge iron transactions were recorded on 27 February in India as against 7,920 t on 25 February.
SteelMint’s billet index rose marginally by INR 50/tonne (t) to INR 45,950/t exw-Raipur on 27 February, 2023. The index moved up on the back of strong buying at higher prices and improved demand for semi-finished and finished steel. Transactions of 2,200 t were recorded on 27 February in Raipur as against 1,300 t on 25 February.
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.
Leave a Reply