SteelMint Daily Trade Sheet - 29 Apr'23

SteelMint's weekly Odisha iron ore fines (Fe 62%) index stood at INR 5,600/t ex-mines, inching down by INR 100/t on 29 April 2023 compared to the last assessment on 22 April. India's largest merchant iron ore mining company, NMDC, decreased list prices of iron ore today by INR 300/t in DR-CLO and fines by INR 100/t, effective from 29 April.

SteelMint's domestic steel scrap (end-cutting) index fell by INR 300/tonne (t) to INR 42,300/t DAP Mandi Gobindgarh on 29 April, 2023.

Sponge iron prices in India have fallen by INR 50-300/t in key locations due to weak sentiments in the spot market. Total of 6,320 t of transactions were recorded on 29 April ompared to 14,450 t on 28 April.

SteelMint's billet index decreased by INR 300/tonne (t) d-o-d to INR 45,500/t exw-Raipur on 29 April, 2023. Transactions of around 3,650 t were recorded 29 April as against 3,280 t on 28 April.

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.