SteelMint’s index for India’s low-grade iron ore fines (Fe 57%) exports has improved following the export duty withdrawal by the Indian government. The index stood at $62/t FOB east coast on 8 December, 2022, increasing by $2/t w-o-w.
SteelMint’s daily sponge iron, CDRI index was assessed at INR 31,900/tonne (t) (+ INR 200) exw-Rourkela on 8 December, 2022. The index rose as producers kept their offers on the higher side. Buyers had placed sufficient orders over the last few days, demand remained moderate. About 2,100 t of transactions were recorded on 8 December as against 4,250 t on 7 December.
SteelMint’s daily steel billet index was assessed at INR 44,200/tonne (t) (+ INR 200/t) exw-Raipur on 8 December, 2022. Although the index strengthened, buyers turned cautious about taking positions on higher offers. Since they have booked enough volumes as per their finished steel sales. Billets transactions of 1,200 t were recorded on 8 December in Raipur as against 5,450 t on 7 December.
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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