SteelMint Daily Trade Sheet - 24 May'23

SteelMint's India pellet (Fe 63%, 3% Al) export index FOB east coast edged down by $5/t w-o-w to $97/tonne (t) on 24 May. India pellet export index down amid declining global iron ore prices the index.

SteelMint's domestic steel scrap (end-cutting) index remained stable at INR 42,300/t DAP Mandi Gobindgarh on May 24, 2023.

SteelMint's daily steel billet index was at INR 43,750/tonne (t) on May 24, 2023, inching up by INR 150/t exw-Raipur. Around 6,980 t of trades were recorded in Raipur on 24 May, compared to 4,640 t on May 23.

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.