SteelMint Daily Trade Sheet - 27 Oct'21

Global ferrous scrap prices exhibited mixed trends. Tokyo Steel lifted bids for Japanese scrap by JPY 1,500/t, while prices in Turkey witnessed a minor correction.

Decline in Chinese iron and steel futures continued to weigh on spot prices.

Domestic iron ore prices in India remained supported at auctions conducted recently. Spot steel prices in central India's induction furnace steel market edged higher.

The below sheet summarises confirmed trades/offers of iron and steel products collected by SteelMint to enable our users acquaint themselves with day-to-day trade dynamics.