SteelMint Daily Trade Sheet - 21 Jul'23

Sponge iron prices in India decreased by INR 100-250/t on 20 July, 2023. However, prices in Raipur showed a marginal uptick of INR 50/t. About 18,850 tonnes (t) of sponge iron transactions were recorded on 20 July across the country as against 12,810 t on 19 July.

SteelMint's domestic ferrous scrap (end-cutting) index edged lower for the third straight day, falling by INR 200/t d-o-d to INR 39,600/t DAP Mandi Gobindgarh today on declining steel demand.

SteelMint's weekly India low-grade iron ore fines (Fe 57%) export index increased by $2/t w-o-w to $65/t FOB east coast, as assessed on 20 July 2023. No deal was heard due to lesser inquiries from the export market amid volatile sentiments.

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.