BigMint's daily trade sheet - 14 Oct'24

BigMint's billet index rose by INR 600/tonne (t), reaching INR 41,600/t exw-Raipur on 14 October 2024.

BigMint's domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, climbed INR 400/tonne (t) d-o-d to INR 38,800/t DAP on 14 October 2024.

Sponge iron prices exhibited contrasting trends across markets, with some regions witnessing a drop of INR 100-200/t, while other regions experienced a slight increase of INR 50-450/t d-o-d. Deals of about 12,200 t of sponge iron were recorded on 14 October compared to 6,700 t on 11 October.

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