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 - 24 Nov'22

SteelMint’s domestic steel scrap (end-cutting) index fell by INR 800/tonne (t) to INR 38,000/t DAP Mandi Gobindgarh on 24 November, 2022. Low demand for semi-fi...

Melting Scrap

BigMint Bureau

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25 Nov 2022, 11:08 IST

SteelMint's domestic steel scrap (end-cutting) index fell by INR 800/tonne (t) to INR 38,000/t DAP Mandi Gobindgarh on 24 November, 2022. Low demand for semi-finished steel and finished products put downward pressure on scrap prices.

SteelMint's daily steel billet index was assessed at INR 40,000/tonne (t) (- INR 1,000/t) exw-Raipur on 24 November, 2022. About 2,570 t of spot billet trades were recorded on 25 November in Raipur as against 3,700 t on 23 November.

India's rebars production stood at 3.10 mnt in Oct'22, up 9% from 2.84 mnt a month ago, as per Joint Plant Committee (JPC) data. Production increased by 24% y-o-y as against 2.50 mnt in Oct'21

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.