SteelMint Daily Trade Sheet - 3 Nov'22

SteelMint's daily steel billet index was assessed at INR 45,300/tonne (t) (- INR 200) exw-Raipur on 3 November, 2022. The index trended lower on account of weak demand followed by poor offtake in finished steel products. Spot billet trades of around 1,220 t were recorded on 3 November as against 1,150 t on 2 November.

SteelMint's daily sponge iron, CDRI index, was assessed at INR 33,000/tonne (t) (- INR 250) exw-Rourkela on 3 November, 2022. The prevailing index hitting over four months' low as the earlier the bottom offers of INR 32,500/t were recorded on 25th June, 2022. About 950 t of transactions were recorded on 3 November as against 1,600 t on 2 November.

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.