SteelMint Daily Trade Sheet - 27 May'23

SteelMint's weekly Odisha iron ore fines (Fe 62%) index remained stable at INR 5,400/t ex-mines on 27 May 2023 as compared to the last assessment on 20 May. As pellet and sponge iron prices in the region are on a downtrend, buyers are expecting a price cut from miners.

SteelMint's domestic steel scrap (end-cutting) index remained stable d-o-d at INR 42,300/tonne (t) DAP Mandi Gobindgarh on 27 May, 2023. Demand for semi-finished and finished steel in the Mandi market was moderate.

Sponge iron prices across India witnessed mix trends amid the volatile steel market and fluctuating prices (ranging INR 50-200/t). A total of 5,600 t of transactions were recorded on 27 May as against 11,200 t on 26 May.

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.