SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, decreased by INR 200/t to INR 10,000/tonne (t) DAP Raipur on 7 March compared to the last assessment on 3 March, 2023. No deal was reported due to low buying interest as market participants were quiet ahead of Holi festival.
SteelMint’s domestic scrap (end-cutting) index decreased by INR 100/t d-o-d to INR 44,200/tonne (t) DAP Mandi Gobindgarh on 7 March, 2023.
SteelMint’s billet index decreased by INR 250/t d-o-d to INR 46,500/tonne (t) exw-Raipur on 7 March, 2023. Billets prices decreased marginally amid moderate trading activity seen at lower price levels. Demand for semi-finished and finished long steel remained low due to the Holi festival. Transactions of around 1,500 t were recorded on 7 March in Raipur as against 1,960 t as reported on 6 March.
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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