SteelMint Daily Trade Sheet - 29 Aug'23

SteelMint's bi-weekly domestic pellet (Fe 63%) index, PELLEX, increased by INR 200/tonne (t) to INR 9,900/t DAP Raipur on 29 August, 2023 as compared to the last assessment on 25 August. One deal of 15,000 t was reported DAP Raipur.

SteelMint's domestic steel scrap (end-cutting) index fell by INR 100/t d-o-d to INR 42,100/t DAP Mandi Gobindgarh on 29 August, 2023. Demand for semi-finished and finished steel in the Mandi market was moderate.

SteelMint's billet index inched up by INR 150/tonne (t) to INR 45,100/t exw-Raipur on 29 August, 2023. The billet index increased marginally as buying activity remained limited owing to higher offers. About 2,100 t of billet deals were concluded on 29 August, compared to 4,600 t on 28 August.

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.