SteelMint Daily Trade Sheet - 4 Jul'23

SteelMint's bi-weekly domestic pellet (Fe 63%) index, PELLEX, inched down by INR 50/t to INR 9,000/t DAP Raipur on 4 July 2023, as compared to the last assessment on 30 June. Deals of 5,000 tonnes (t) were recorded at INR 9,050/t (Fe 63%) DAP Raipur.

Sponge iron prices in India continued to drop. These fell by INR 100-300/tonne (t) in some major markets on moderate trading on 4 July, 2023. About 16,950 tonnes (t) of sponge iron transactions were recorded on 4 July in the country as against 15,150 t on 3 July.

SteelMint's billet index inched down by INR 50/tonne (t) d-o-d to INR 42,350/t exw-Raipur on 4 July, 2023. The daily trading volume edged up as a result of greater buying activity at lower offers. About 4,850 tonnes (t) of transactions were recorded on 4 July as against 2,680 t on 3 July.

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.