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SteelMint Daily Trade Sheet - 28 Dec'22

SteelMint’s assessment for Fe 63% concentrate prices currently stands at INR 3,800/t exw, down by INR 200/t on 28 December as against the last assessment on 24 ...

Concentrates

BigMint Bureau

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29 Dec 2022, 10:39 IST

SteelMint's assessment for Fe 63% concentrate prices currently stands at INR 3,800/t exw, down by INR 200/t on 28 December as against the last assessment on 24 December. Meanwhile, a deal of 20,000 t was heard at INR 3,700/t exw this week.

India's pellets export trade has slightly improved against last week. SteelMint's India pellets (Fe 63%, 3% Al) export index, FOB east coast, recorded at $109/t, up by $1/t w-o-w.

SteelMint's billet index moved up marginally INR 46,500/tonne (t) (+INR 50) exw-Raipur on 28 December, 2022. Billets prices increased slightly on higher offers. Trade in semi-finished and finished long steel remains stable. Transactions of around 3,500 t were recorded on 28 December in Raipur as against 2,500 t as reported on 27 December.

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.