SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, remained stable at INR 10,200/tonne (t) DAP Raipur on 28 February compared to the last assessment on 24 February 2023. Around 20,000 t of deals were reported.
Sponge iron prices in India have been on the rise since the last few days. Prices increased by INR 50-350/t in key locations on the back of active demand and spot market optimism amid higher offers quoted by suppliers. About 34,410 t of transactions in sponge iron were recorded on 28 February in India as against 27.900 t on 27 February.
SteelMint’s billet index increased by INR 100/t to INR 46,050/tonne (t) exw-Raipur on 28 February, 2023. The index showed an upward trend on moderate trades at higher prices. Demand for semis remained modest while trade in finished long steel showed mixed trends. Transactions of around 1,250 t were recorded on 28 February in Raipur as against 2,200 t reported on 27 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