SteelMint Daily Trade Sheet - 11 Oct'21

Spot steel prices surged on nationwide coal shortage and power cut issue in a few locations.

Global steel sentiments remained supported with China's leading Shagang Steel announcing a sharp hike by up to RMB 150/t ($23) in longs for early-Oct.

The below sheet summarises confirmed trades/offers of iron and steel products collected by SteelMint to enable our users acquaint themselves with day-to-day trade dynamics.