BigMint's Daily Trade Sheet - 29 Jan'24
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BigMint's billet index inched down by INR 100/t to INR 39,700/t exw-Raipur on 29 January, 2024. About 2,600 t of transactions were recorded on 29 January as against 1,500 t on 27 January.
Sponge iron prices in some key locations in India decreased by INR 50-200/t on 29 January, 2024. However, sponge iron prices in Jharsuguda and in the southern region rose slightly by INR 50-150/t. About 18,220 t of sponge iron transactions were recorded in the country on 29 January compared to 15,510 t on 27 January.
BigMint's domestic steel scrap (end-cutting) index remained stable at INR 37,500/t DAP Mandi Gobindgarh on 29 January, 2024.
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.