BigMint's Daily Trade Sheet - 14 Jun'24

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.