SteelMint Daily Trade Sheet - 1 Feb'23

SteelMint's assessment for Fe 63% concentrate prices currently stands at around INR 5,800/tonne (t) exw, a rise of INR 1,100/t on 1 February as against the last assessment on 28 January, 2023. However, trades are yet to pick up as no active deal has been reported at current offers.

SteelMint's domestic scrap (end-cutting) index remained unchanged d-o-d at INR 43,300/tonne (t) DAP Mandi Gobindgarh on 1 February, 2023 even as the market saw price fluctuations up to INR 400/t. The index remained stable with the market showing a slowdown in trade activities.

SteelMint's India pellet (Fe 63%, 3% Al) export index FOB east coast was recorded at $126/t, up by $8/t w-o-w. Prices increased following the return of Chinese market participants from the Lunar New Year holidays.

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.