SteelMint Daily Trade Sheet - 3 Feb'23

SteelMint's bi-weekly domestic pellets (Fe 63%) index, PELLEX, stood at INR 10,150/tonne (t) DAP Raipur, edged down by INR 100/t on 3 February compared to the last assessment on 31 January, 2023. Around 6,000 t of deals were reported.

In key Indian markets today sponge iron prices fell in the range of INR 50-450/t. Uncertain price movements followed by limited trades weighed on prices, as buyers took a cautious approach and engaged only in need-based procurement. About 11,460 t of sponge iron transactions were recorded on 3 February in India as against 10,010 t on 2 February.

SteelMint's billet index drops at INR 46,600/tonne (t) (- INR 200/t) exw-Raipur on 3 February, 2023. Billets prices fell on falling prices and limited buying. Buying in semi-finished and finished long remained weak. Northern region market showed continuous downtrend which impacted prices. Transactions of 1,700 t were recorded on 3 February in Raipur as against 1,600 t as reported on 2 February.

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.