SteelMint Daily Trade Sheet - 10 Dec'22

SteelMint's weekly Odisha iron ore fines (Fe 62%) index has moved up by INR 100/t to INR 4,350/t ex-mines (including royalty, DMF and NMET) on 10 December. As per SteelMint's sources, a bulk deal of around 100,000 t of fines (Fe 62%) has been concluded by a Odisha-based trader at around INR 4,200/t (including royalty, DMF and NMET).

SteelMint's daily steel billet index has shown steady decline at INR 43,800/tonne (t) ( - INR 400/t) exw-Raipur on 10 December, 2022. There is low buying in the market based on decreasing prices and weak demand for finished products. Buyers have booked substantial material in the past and are evaluating the current situation. Billet transactions of only 300 t were recorded on 10 December in Raipur as against 1,050 t on 9 December.

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.