SteelMint’s daily steel billet index was assessed at INR 44,700/tonne (t) (- INR 200) exw-Raipur on 5 November, 2022. Current offers are reaching a nearly five-month low level as similar offers were last recorded during the first half of June this year. This led to a decline in spot billet trades to around 1,150 t on 5 November as against 7,400 t on 4 November.
SteelMint’s daily sponge iron, CDRI index was assessed at INR 32,500/tonne (t) (- INR 150) exw-Rourkela on 5 November, 2022. Weak demand, followed by poor steel offtake, contributed to the index’s downward trajectory and, in turn, pressured sponge prices. About 770 t of transactions were recorded on 5 November as against 1,550 t on 4 November.
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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