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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SteelMint Daily Trade Sheet - 10 Aug'23

SteelMint’s billet index fell by INR 250/tonne (t) d-o-d to INR 41,750/t exw-Raipur on 10 August, 2023. The index dropped as a result of negative market sentime...

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BigMint Bureau

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11 Aug 2023, 11:14 IST

SteelMint's billet index fell by INR 250/tonne (t) d-o-d to INR 41,750/t exw-Raipur on 10 August, 2023. The index dropped as a result of negative market sentiment and weak finished steel demand. Transactions for 1,400 t were recorded on 10 August against 1,020 t on 9 August.

SteelMint's domestic steel scrap (end-cutting) index decreased by INR 300/t d-o-d to INR 40,700/t DAP Mandi Gobindgarh on 10 August, 2023. In Mandi, demand for semi-finished and finished steel remained restricted.

SteelMint's weekly India low-grade iron ore fines (Fe 57%) export index decreased by $2/t w-o-w to $58/t FOB east coast, as assessed on 10 August 2023. Notably, the index has fallen to a two-month low: prices had declined to these levels last on 25 May, as per data maintained by SteelMint.

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.