SteelMint Daily Trade Sheet - 7 Jul'23

SteelMint's bi-weekly domestic pellet (Fe 63%) index, PELLEX, remained stable at INR 9,000/tonne (t) DAP Raipur on 7 July 2023 as compared to the last assessment on 4 July. Deals of around 26,000 t were recorded at INR 9,050-9,250/t (Fe 63/63.5%) DAP Raipur.

SteelMint's domestic steel scrap (end-cutting) index fell by INR 300/tonne (t) to INR 41,300/t DAP Mandi Gobindgarh on 7 June, 2023. The Mandi market witnessed minimal trade activity as monsoon blues gripped the market amid shortage of scrap.

SteelMint's billet index decreased by INR 350/tonne (t) d-o-d to INR 42,200/t exw-Raipur on 7 July, 2023. The index decreased due to weak sentiments in the spot market, forcing sellers to reduce offers. About 2,210 tonnes (t) of transactions were recorded on 7 July against 1,840 t on 6 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.