SteelMint Daily Trade Sheet - 13 Feb'23

SteelMint's domestic scrap (end-cutting) index remained unchanged d-o-d at INR 41,800/tonne (t) DAP Mandi Gobindgarh on 13 February, 2023 The index remained stable with the market showing a slowdown in trade activities even as shortage of scrap persists in the market.

Sponge iron prices fell by INR 50-500/t in key locations of the country. Sponge iron prices have been fluctuating wildly, making it challenging for buyers to forecast prices. About 24,610 t of sponge iron transactions were recorded on 13 February in India as against 6,450 t on 11 February.

SteelMint's billet index moved up marginally by INR 50/tonne (t) to INR 45,100/t exw-Raipur on 13 February, 2023. The index has moved up on the back of strong buying at high prices and improved demand for finished steel. Transactions of 5,500 t were recorded on 13 February in Raipur as against 700 t reported on 11 February.

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.