SteelMint's Daily Trade Sheet - 18 Nov'23

SteelMint's index for domestic steel scrap (end-cutting) remained stable on 18 November, 2023 at INR 38,300/t DAP Mandi Gobindgarh.

SteelMint's billet index dropped by INR 50/tonne (t) to INR 41,450/t exw-Raipur on 18 November, 2023. The billet index experienced a slight decline as sellers foresee an uptick in prices in the upcoming days. Transactions of around 1,300 t of billets were recorded on 18 November.

Domestic sponge iron prices in India showed mixed trends. Sponge iron prices edged down by INR 50-250/tonne (t) d-o-d in some key locations. About 9,150 tonnes (t) of sponge iron transactions were recorded in the country on 18 November compared to 11,970 on 17 November.

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.