SteelMint Daily Trade Sheet - 28 Jul'23

SteelMint's bi-weekly domestic pellet (Fe 63%) index, PELLEX, remained stable at INR 8,800/t DAP Raipur on 28 July, 2023 as compared to the last assessment on 25 July. Deals of 25,000 tonnes (t) of pellets (Fe 63-63.5%) were heard at INR 8,800-9,150/t DAP Raipur.

India's sponge iron prices moved up in the range of INR 300-700/t in key locations on 28 July, 2023 driven by robust spot trading and an active buying interest. Interestingly enough, transaction volumes soared to 23,950 tonnes (t) on 28 July compared to 12,850 t recorded on 27 July.

SteelMint's billet index rose by INR 500/tonne (t) d-o-d to INR 40,750/t exw-Raipur on 28 July, 2023. The index bounced back due to supply-side limitations and raw material availability concerns. About for 3,350 t of billet deals were recorded on 28 July, compared to 4,600 t on 27 July.

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.