SteelMint Daily Trade Sheet - 20 May'23

SteelMint's weekly Odisha iron ore fines (Fe 62%) index decreased by INR 200/t to INR 5,400/t ex-mines on 20 May. The index fell amid a poor response to the Odisha Mining Corporation's (OMC's) iron ore auction held on 18 May 2023.

SteelMint's domestic steel scrap (end-cutting) index fell further by INR 400/tonne (t) to INR 42,600/t DAP Mandi Gobindgarh on 20 May, 2023. Prices continued to decline on limited buying enquiries.

SteelMint's daily steel billet index stood at INR 44,050/tonne (t) on 20 May, down by INR 550/t exw-Raipur. Whie the index decreased due to the market's downward trend and weak buying inquiries. Around 1,400 t trades were recorded in Raipur, on May 20 compared to 2,150 t on May 19.

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.