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SteelMint Daily Trade Sheet - 20 Jun'23

SteelMint’s bi-weekly domestic pellet (Fe 63%) index, PELLEX, remained stable at INR 9,100/t DAP Raipur on 20 June, 2023 as compared to the last assessment on 1...

Pellets

BigMint Bureau

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21 Jun 2023, 10:52 IST

SteelMint's bi-weekly domestic pellet (Fe 63%) index, PELLEX, remained stable at INR 9,100/t DAP Raipur on 20 June, 2023 as compared to the last assessment on 16 June. Deals of 25,000 tonnes (t) were recorded at INR 9,000-9,250/t (Fe 63%) DAP Raipur.

SteelMint's domestic steel scrap (end-cutting) index fell by INR 300/tonne (t) d-o-d to INR 42,500/t DAP Mandi Gobindgarh on 20 June 2023. In Mandi, modest demand continued for semi-finished and finished steel as major mills are under selling pressure since the last three days.

SteelMint's India HRC (SAE1006) export index remained largely stable w-o-w at $565/tonne (t) FOB east coast India. The Middle East (ME) market is less active due to the upcoming festival of Eid Al Adha.

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.