BigMint's Daily Trade Sheet - 7 May'24
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BigMint's bi-weekly domestic pellet (Fe 63%) index increased by INR 50/t ($1/t) to INR 10,450/t ($124/t) DAP Raipur on 7 May, 2024 compared to the last assessment on 3 May. The index increased following the hike in pellet prices by Raipur-based producers.
BigMint's domestic end-cutting scrap index in the Mandi Gobindgarh market slightly fell by INR 100/tonne (t) to INR 42,300/t DAP on 7 May, 2024. The steel market observed moderate trading activity, with routine operations seen in the scrap segment.
BigMint's billet index dropped INR 300/t to INR 45,250/t exw-Raipur on 7 May, 2024. The index witnessed a slight decline, influenced by downward sentiments and elections in the entire central region which saw lower offerings. On 7 May, there were over 1,100 t of deals, and on 6 may there were about 3,000 t.
The below sheet summarizes confirmed trades/offers of iron and steel products collected by SteelMint to help our users keep track of day-to-day trade dynamics.
