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SteelMint's Daily Trade Sheet - 4 Jan'24

Indian sponge iron prices witnessed an uptick today ranging from INR 100-650/tonnes (t) in almost every key locations. About 16,510 tonnes (t) of sponge iron transactions...

Sponge Iron

BigMint Bureau

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5 Jan 2024, 11:10 IST

SteelMint's Daily Trade Sheet - 4 Jan'24

Indian sponge iron prices witnessed an uptick today ranging from INR 100-650/tonnes (t) in almost every key locations. About 16,510 tonnes (t) of sponge iron transactions were recorded in the country on 4 January compared to 27,090 t on 3 January.

SteelMint's latest update on 4 January, 2024, revealed a d-o-d uptick of INR 200/t in the domestic steel scrap (end-cutting) index, reaching INR 38,000/t DAP Mandi Gobindgarh.

SteelMint's billet index improved further by INR 250/tonne (t) to INR 40,650/t exw-Raipur on 4 January, 2024. About 2,920 t of transactions were recorded on 4 January as against 5,600 t on 3 January.

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.