SteelMint Daily Trade Sheet - 29 Sep'22

SAIL-Durgapur Steel Plant (DSP) held an auction for 1,500 t of steel grade pig iron on 29 Sep'22. The entire quantity was booked at an average price of INR 44,000/t exw.

SteelMint's daily sponge iron, CDRI, index was assessed at INR 33,800/tonne (t) (- INR 100) exw-Rourkela on 29 September, 2022. Even as the index fell trades improved slightly, although remaining less than average which resulted in the softening of offers.

SteelMint's daily steel billet index was assessed at INR 48,200/tonne (t) (- INR 100) exw-Raipur on 29 September, 2022. The index fell slightly due to lower bids following which spot trades of billets also moved down to 2,300 t on 29 September as against 3,940 t on 28 September.

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.