BigMint is a Market Intelligence and Price Reporting firm that caters to the data and analytics requirements of businesses in the commodities sector. It publishes real time prices and information, which is impartial, independent and reliable, sourced from all industry interfaces – sellers, buyers, agents and traders. This data is filtered and passed through very stringent, calculative assessments before final prices are derived, thereby giving our clients accurate pricing.

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BigMint's Daily Trade Sheet - 14 Jun'24

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BigMint Bureau

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15 Jun 2024, 11:45 IST

BigMint's bi-weekly domestic pellet (Fe63%) index remained stable at INR 10,650/t ($128/t) DAP Raipur on 14 June, 2024 compared to the last assessment on 11 June. No active deals were recorded in Raipur due to sluggish market sentiments.

BigMint's domestic end-cutting scrap index in the Mandi Gobindgarh market dropped by INR 400/tonne (t) to INR 40,400/t DAP on 14 June, 2024. With mills facing the pressure of subdued demand in the semi-finished and finished steel markets, scrap procurement has slowed down considerably.

BigMint's billet index dropped further by INR 300/t to INR 43,050/t exw-Raipur on 14 June, 2024. The index decreased further today due to negative market sentiments and weak demand in the semi-finished and finished steel segments. About 800 t of deals in billet were recorded on 14 June, against 3,900 t on 13 June.

The below sheet summarizes confirmed trades/offers of iron and steel products collected by SteelMint to help our users keep track of day-to-day trade dynamics.