SteelMint’s daily steel billet index is assessed at INR 49,000/tonne (t) (=) exw-Raipur on 28 July, 2022.
SteelMint’s daily sponge iron, CDRI, index was assessed at INR 35,850/tonne (t) (- INR 150) exw Rourkela on 28 July, 2022.
Although the index fell, trades remained supported in the spot market. Steel prices in Punjab saw an uptick later in the day, which led buyers to take positions and book material accordingly.
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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