SteelMint’s daily steel billet index was assessed at INR 46,450/tonne (t) (- INR 350/t) exw-Raipur on 28 October, 2022. The index dropped further, although spot trades have improved on a daily basis with a few bulk deals taking place.
SteelMint’s domestic steel scrap (end-cutting) index fell by INR 400/tonne (t) to INR 42,800/t DAP Mandi Gobindgarh on 28 October, 2022.
SteelMint’s bi-weekly domestic pellet (Fe 63%) index, PELLEX, stood at INR 8,000/tonne (t) DAP Raipur, stable compared to the last assessment on 26 October, 2022 amid limited deals. Around 20,000-25,000 t of deals were reported in this publishing window.
The below sheet summaries 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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