SteelMint Daily Trade Sheet - 14 Nov'22

SteelMint's daily steel billet index was assessed at INR 42,300/tonne (t) (-INR 1,150) exw-Raipur on 14 November, 2022. The index dropped sharply to a one-year low: the previous low of INR 41,950/t exw was recorded on 23 December, 2021. About 1,020 t of trades were recorded on 14 November as against 1,450 t on 12 November.

SteelMint's daily sponge iron, CDRI, index was assessed at INR 31,000/tonne (t) (- INR 1,000) exw-Rourkela on 14 November, 2022. The index fell sharply following the continued weakness in spot demand for semi-finished steel products. About 300 t of transactions were recorded on 14 November as against 800 t on 12 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.