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.

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SteelMint Daily Trade Sheet - 19 Jan'23

SteelMint’s domestic scrap index remained more or less stable d-o-d as the market saw price fluctuations up to the level of INR 300/t on 19 January. Meanwhile, ...

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BigMint Bureau

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20 Jan 2023, 10:43 IST

SteelMint's domestic scrap index remained more or less stable d-o-d as the market saw price fluctuations up to the level of INR 300/t on 19 January. Meanwhile, end-user demand for steel continued to remain limited.

SteelMint's weekly price index of India's low-grade iron ore fines (Fe 57%) exports stood at $73/tonne (t) FOB east coast on 19 January, 2022, up $3/t w-o-w. Prices increased on expectations of an increased demand post the Lunar New Year holidays.

SteelMint's billet index decreased marginally by INR 50/tonne (t) d-o-d to INR 47,750/t exw-Raipur on 19 January, 2023. Though billets prices have come down, buying activity remained strong amid good demand for semi-finished and finished steel. Transactions of around 4,050 t were recorded on 19 January in Raipur as against 150 t as reported on 18 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.