SteelMint Daily Trade Sheet - 31 Mar'23

SteelMint's bi-weekly domestic pellets (Fe 63%) index, PELLEX, remained stable at INR 9,700/tonne (t) DAP Raipur on 31 March compared to the previous assessment on 28 March, 2023. One deal of 10,000 t was recorded. As per sources, market participants were silent and may conclude deals in the next week.

SteelMint's domestic scrap (end-cutting) index edged up by INR 200/t d-o-d to INR 42,700/tonne (t) DAP Mandi Gobindgarh on 31 March, 2023. The index rose slightly despite slowdown in trade activities even as liquidity issue persists in the market.

SteelMint's billet index rose by INR 200/tonne (t) to INR 46,200/t exw-Raipur on 31 March, 2023. Billet prices increased on active buying. Moreover, trade in semi-finished and finished long steel remained strong. Transactions of around 5,205 t were recorded on 31 March in Raipur as against 4,400 t on 30 March.

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.