SteelMint's Daily Trade Sheet - 15 Dec'23

SteelMint's bi-weekly domestic pellet (Fe 63%) index, PELLEX, increased by INR 300/t to INR 10,100/t DAP Raipur on 15 December, 2023 compared to the last assessment on 12 December amid a hike in offers. One deal of 25,000 t of pellet (Fe63.5%) was reported at INR 10,450/t DAP Raipur in this publishing window.

Sponge iron prices in India fell by INR 50-200/tonne (t) on 15 December, 2023 on account of limited trade. About 6,050 tonnes (t) of sponge iron transactions were recorded in the country on 15 December compared to 11,800 on 14 December.

ERW patra pipe (41-60 OD) prices inched up by INR 100/t ($1/t) on 15 December in Raipur. Meanwhile, prices remained stable d-o-d in Mandi Gobindgarh. In addition, deals were heard concluded for around 700 t in Raipur.

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.