SteelMint Daily Trade Sheet - 4 Jan'23

SteelMint's assessment for Fe 63% concentrate prices currently stands at around INR 4,300/tonne (t) exw, a rise of INR 550/t on 4 January as against the last assessment on 31 December, 2022. However, trades are yet to pick up as no active deals have been reported at current offers.

SteelMint's India pellet (Fe 63%, 3% Al) export index, FOB east coast, was assessed at $109/t, stable w-o-w. With most of the buyers yet to return from the New Year holidays, the market has remained silent. However, last week, deals for 150,000 t of pellets were heard concluded.

SteelMint's daily steel billet index has decreased to INR 47,250/tonne (t) (- INR 250/-) d-o-d exw-Raipur on 4 January, 2023. The index has declined on active trading at lower prices though demand in finished steel segment was stable. Billets transactions of 3,850 t were recorded on 4 January in Raipur as against 1,300 t as reported on 3 January.

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.