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 - 22 May'23

Sponge iron prices in India declined in the range of INR 100-500/t on 22 May, 2023. Demand surged at lower prices which resulted in increased trading activity. A total of...

Sponge Iron

BigMint Bureau

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23 May 2023, 10:47 IST

Sponge iron prices in India declined in the range of INR 100-500/t on 22 May, 2023. Demand surged at lower prices which resulted in increased trading activity. A total of 17,530 t of transactions were recorded on 22 May compared with 4,340 t on 20 May.

SteelMint's daily steel billet index was assessed at INR 44,000/tonne (t) on 22 May, 2023, down INR 50/t exw-Raipur. Around 4,700 t of trades were recorded in Raipur on 22 May compared to 1,400 t on 20 May.

SteelMint's domestic steel scrap (end-cutting) index edged up marginally by INR 100/tonne (t) to INR 42,700/t DAP Mandi Gobindgarh on 22 May, 2023.

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.