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 - 16 July'24

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Pellets

BigMint Bureau

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17 Jul 2024, 11:05 IST

BigMint's Daily Trade Sheet - 16 July'24

BigMint's bi-weekly domestic pellet (Fe63%) index fell by INR 50/t to INR 9,100/t ($109/t) DAP Raipur on 16 July, 2024 compared to the last assessment on 9 July. No major pellet deals were witnessed in the Raipur region amid lack of buying interest.

BigMint's domestic end-cutting scrap index tracking the Mandi Gobindgarh market dropped by INR 100/tonne (t) to INR 39,000/t DAP on 16 July, 2024. Demand for semi-finished and finished steel was subdued in the region.

BigMint's billet index decreased by INR 350/t, reaching INR 39,600/t exw-Raipur on 16 July, 2024. The index showed a slight decline, primarily due to weak buying in both the semi-finished and finished steel segments. Around 1,000 t of deals were recorded on 16 July, against 1,670 t as on 15 July.

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