SteelMint Daily Trade Sheet - 13 Jul'23

Sponge iron prices in key domestic markets dropped in the range of INR 50-350/tonne (t) due to soft steel demand. About 13,350 tonnes (t) of sponge iron transactions were recorded on 13 July in India as against 21,150 t on 12 July.

SteelMint's billet index went down by INR 250/tonne (t) d-o-d to INR 41,250/t exw-Raipur on 13 July 2023. The market witnessed weak demand and lower bids, pressuring sellers to cut offers. Around 1,500 t of transactions were recorded on 13 July compared to 2,800 t on 12 July.

SteelMint's weekly India low-grade iron ore fines (Fe 57%) export index remained stable w-o-w at $63/t FOB east coast, as assessed on 13 July 2023.

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.