SteelMint Daily Trade Sheet - 16 Sep'23

SteelMint's weekly Odisha iron ore fines (Fe 62%) index increased by INR 350/t w-o-w to INR 4,950/t ex-mines on 16 September, 2023 compared to the last assessment on 2 September. The index, rising three weeks in a row, rose to over two-month high as similar levels were seen in early July'23.

SteelMint's domestic steel scrap (end-cutting) index remained unchanged d-o-d at INR 41,800/t DAP Mandi Gobindgarh on 16 September. Modest trading activity was seen in the Mandi market.

India's sponge iron prices increased in the range of INR 50-150/tonne (t) in some key locations on rising steel prices even as demand remained low. About 3,400 tonnes (t) of sponge iron transactions were recorded in the country on 16 September compared to 22,380 t on 15 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.