SteelMint Daily Trade Sheet - 14 Oct'21

Global iron ore prices inched up $2/t. Leading global miner Rio Tinto has lowered its iron ore shipment guidance for CY'21 to 320-325 mn t against 325-340 mn t announced earlier due to labour-related issues.

Spot billet prices in central India's induction furnace steel market increased on active buying inquiries and the lowering of discounts in wire rod.

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.