SteelMint Daily Trade Sheet - 6 May'23

SteelMint's weekly Odisha iron ore fines (Fe 62%) index stood at INR 5,600/t ex-mines on 6 May 2023, stable compared to the last assessment on 29 April, as trading was less active. As per sources, miners have not yet lowered offers and are holding them firm.

SteelMint's domestic steel scrap (end-cutting) index decreased by INR 300/t d-o-d to INR 40,900/t DAP Mandi Gobindgarh on May 6, 2023. Demand for semis and finished steel is still on a downward trend.

SteelMint's billet index fell sharply by INR 600/tonne (t) d-o-d to INR 43,400/t exw-Raipur on May 6, 2023. The index slipped due to lower offtake in finished and semi-finished steel. Market participants are anticipating billet prices to attain stability in the near future. Around 2,650 t of deals were recorded on 6 May as against 3,650 t on 5 May.

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.