BigMint is a Market Intelligence and Price Reporting firm that caters to the data and analytics requirements of businesses in the commodities sector. It publishes real time prices and information, which is impartial, independent and reliable, sourced from all industry interfaces – sellers, buyers, agents and traders. This data is filtered and passed through very stringent, calculative assessments before final prices are derived, thereby giving our clients accurate pricing.

Go to List

SteelMint Daily Trade Sheet - 15 Sep'23

SteelMint’s bi-weekly domestic pellet (Fe 63%) index, PELLEX, increased by INR 100/t to INR 10,300/tonne (t) DAP Raipur on 15 September, 2023 compared to the la...

Pellets

BigMint Bureau

352 Reads

16 Sep 2023, 10:48 IST

SteelMint's bi-weekly domestic pellet (Fe 63%) index, PELLEX, increased by INR 100/t to INR 10,300/tonne (t) DAP Raipur on 15 September, 2023 compared to the last assessment on 12 September. Deals of 43,000 t were recorded at INR 9,800-10,500/t DAP Raipur.

India's sponge iron market has witnessed a significant price rally. Prices rose by INR 350-550/t across primary locations. Interestingly enough, transaction volumes increased to 22,380 t on 15 September, compared to 15,575 t recorded on 14 September.

SteelMint's billet index increased further by INR 400/tonne (t) on 15 September, 2023, reaching INR 44,900/t exw-Raipur. This rise can be attributed to a positive trend in northern India that boosted market activity. Approximately 2,000 t of billet deals were concluded on 15 September, against 4,950 t of deals concluded on 14 September.

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.