BigMint is a Market Intelligence and Price Reporting firm that caters to the data and analytics requirements of businesses in the commodities sector. It publishes real time prices and information, which is impartial, independent and reliable, sourced from all industry interfaces – sellers, buyers, agents and traders. This data is filtered and passed through very stringent, calculative assessments before final prices are derived, thereby giving our clients accurate pricing.

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SteelMint Daily Trade Sheet - 9 Feb'23

SteelMint’s domestic scrap (end-cutting) index remained unchanged d-o-d at INR 42,400/tonne (t) DAP Mandi Gobindgarh on 9 February, 2023 The index remained stab...

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BigMint Bureau

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10 Feb 2023, 10:38 IST

SteelMint's domestic scrap (end-cutting) index remained unchanged d-o-d at INR 42,400/tonne (t) DAP Mandi Gobindgarh on 9 February, 2023 The index remained stable with the market showing a slowdown in trade activities, shortage of scrap arises in the market.

SteelMint's billet index declined by INR 100/t d-o-d to INR 45,650/tonne (t) exw-Raipur on 9 February, 2023. Billet prices decreased amid slow booking. Demand in the finished long segment was high today and hence substantial bookings of finished steel were seen. Transactions of around 3,300 t were recorded on 9 February in Raipur as against 1,120 t on 8 February.

SteelMint's weekly price index of India's low-grade iron ore fines (Fe 57%) exports stood at $76/tonne (t) FOB east coast on 9 February, 2023, down $3/t w-o-w. Export offers fell with the drop in futures and spot prices owing to sluggish demand in the Chinese market after the Lunar New Year holidays.

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.