SteelMint Daily Trade Sheet - 14 Jan'23

SteelMint's weekly Odisha iron ore fines (Fe 62%) index rose marginally by INR 50/t to INR 4,900/tonne (t) ex-mines (including royalty, DMF and NMET). The market witnessed limited trade activities this week as the majority of buyers are waiting for the outcome of OMC's auction.

SteelMint's domestic steel scrap (end-cutting) index increased by INR 100/t to INR 44,500/t DAP Mandi Gobindgarh on 14 January, 2023. The index remained stable as the market was silent throughout the day.

Sponge iron prices in India continued to rally on account of a surge in steel prices in the northern region. Producers kept prices higher on firm raw material prices. About 13,070 t of sponge iron transactions were recorded on 14 January as against 21,200 t on 13 January.

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.