SteelMint's Daily Trade Sheet - 19 Dec'23

SteelMint's bi-weekly domestic pellet (Fe 63%) index, PELLEX, remained unchanged at INR 10,100/t DAP Raipur on 19 December, 2023 compared to the last assessment on 15 December amid a hike in offers. One deal of 10,000 t of pellets (Fe63%) was reported at INR 9,950/t DAP Raipur in this publishing window.

Indian mills' HRC export to the European Union (EU) declined by $10/t w-o-w to around $695/t CFR Antwerp. Export deals of around 15,000 t were concluded from India to EU, as were recorded by SteelMint.

As of 19 December, 2023, SteelMint's index indicated a decrease in domestic steel scrap (end-cutting) prices by INR 500/t, bringing the new price to INR 38,300/t DAP in Mandi Gobindgarh.

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.