Methodology

IOSCO compliant robust guidelines and custom procedures for price assessment

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Get actionable insights spanning several commodities along with 600+ commodity price assessments across 30+ countries.

SteelMint’s credible prices serve as a benchmark for manufacturers, buyers and traders in the steel industry to settle contracts or to understand the market cost of physical supply of commodities. We have created a robust methodology to ensure the accurate assessment of commodity prices that are governed by SteelMint’s standards of compliance with the public and our stakeholders.
The listed prices are just the tip of the iceberg that’s visible to everyone. The rationale applied by analysts who work behind the scenes is based on a robust market-appropriate methodology, derived from research and data analysis, to assess prices in varied markets.SteelMint seeks to reflect the way markets are traded, rather than impose any one view on the markets — including its own.
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Why Methodology Matters

Our IOSCO-compliant methodology guides analysts to be objective in data analysis and helps maintain consistency in prices assessments over time and across locations.
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How It Works

Market data is collectedfrom a wide cross-section of participants, comprehensivelyanalysed and verified for credibility. Then, based on our rigorous methodology, the final price is published.
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Core Methodology Principles

Our methodologies are rigorous and transparent, reflecting impartial analysis of current market data, including trading practices,buyer/seller price data – maintaining consistency in rationale application
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How Methodology Benefits Business

With methodology-based price assessments, you will have accurate knowledge of the market and prices, empowering you to negotiate contracts better, increase margins and boost profitability.
Specifications
SteelMint methodologies bring consistency and robustness to our price assessments through principles and parameters that guide our market specialists at every stage of the process. In this section you will find documentation for all published price assessments and indices by commodity.
Metals Price Assessments Catalog
We provide spot price assessments for iron ore, semi finished, finished.....View the latest on our key price assessments across our commodity coverage.
Price Assessment table
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    Complaints and Feedback
    SteelMInt strives to provide information of the highest standards to its customers and to conduct its business with integrity.
    However, we recognize that occasionally customers may not be satisfied with the services provided by SteelMInt and wish to escalate matters. To raise a complaint with us, you can: Speak to our existing contacts within Client Support, alternatively email or write directly to the Chief Compliance Officer, SteelMInt

    We promote the understanding of our assessment procedures and encourage wide client interaction regarding our pricing methodology.

    If you have and doubts or queries, do get in touch with us. We will respond with the relevant information in a timely manner.

    Without a doubt, the SteelMint Price Assessment Team strongly values all interaction and queries sent by customers,as it helps us finetune our methodology and principles to reflect relevant feedback that is beneficial to all.

    Please do not hesitate to contact our Methodology Manager, for any suggestions, queries and scope for improvement.

    Email: [email protected]
    Announcements
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    Date commodity Type Title Download
    07-May-2024 Ferro Alloy new Pricing Notice: BigMint launches Low carbon (LC) Ferro chrome price assessment of India
    02-May-2024 Iron Ore new Pricing Notice: BigMint launches domestic iron ore price (Fe 62%) assessment for Karnataka
    23-Feb-2024 Steel new Pricing Notice: BigMint launches monthly rebar price assessment of Emirates Steel
    23-Feb-2024 Ferro Alloy correction Pricing Notice: Change in Frequency of Domestic Ferro Molybdenum (FeMo60%) Price Assessment
    07-Feb-2024 Iron Ore new Pricing Notice:SteelMint launches iron ore vessel freight rate assessment from South Africa to China
    04-Dec-2023 Ferro Alloy correction Change in Frequency of Domestic Ferro Silicon (FeSi70%) Price Assessment
    22-Nov-2023 Iron Ore new Pricing Notice: SteelMint launches vessel freight rates assessment for iron ore commodity
    13-Sep-2023 Ferro Alloy correction Pricing Notice: Change in publishing day of Imported HC Ferro Chrome (Hc60%) Price Assessment
    06-Sep-2023 Ferro Alloy correction Pricing Notice: Change in Frequency of Domestic HC Ferro Chrome (HC60%, Si:4%) Price Assessment
    09-Aug-2023 Iron Ore new SteelMint launches domestic Iron Ore price assessment for Karnataka
    27-Jul-2023 Ferro Alloy new SteelMint launches High Carbon (Low Silicon) Ferro Chrome price assessment
    21-Apr-2023 Iron Ore correction Decision to amend specifications of few SteelMint iron ore export price assessments
    21-Apr-2023 Iron Ore new SteelMint launches domestic iron ore price assessments for Chandrapur
    18-Apr-2023 Iron Ore correction Decision to amend specifications of few SteelMint pellet price assessments
    01-Apr-2023 Steel new SteelMint to add price assessment of HRC (IS2062, Gr E-350, 2.5-8mm)
    13-Dec-2022 Iron Ore new SteelMint launches Sponge Iron (FeM 80%) export price assessment for Bangladesh
    23-Nov-2022 Steel new SteelMint to add price assessment of Billet, DAP-Hindupur, India
    02-Nov-2022 Others leave Temporary discontinuation of Hyderabad and Goa Ingot price assessments
    24-Aug-2022 Ferrous scrap new SteelMint launches Cast Iron scrap assessment DAP Coimbatore
    24-Aug-2022 Ferrous scrap new SteelMint launches HMS (90:10) DAP Chennai and Hyderabad
    23-Aug-2022 Steel new SteelMint to adds price assessment of Rebar IF Route, exw- Patna, India to existing portfolio
    19-Aug-2022 Ferrous scrap leave Discontinuation of Pipe Cutting Melting Scrap, DAP-Mandi Gobindgarh, India assessment
    18-Aug-2022 Crude steel new Pricing Notice: SteelMint launches domestic structures (BF-route) price assessments
    10-Aug-2022 Non Ferrous new Non-ferrous prices Assessment onboarding notice
    16-Jul-2022 Steel new SteelMint launches Chinese domestic HRC, CRC price assessments
    29-Jun-2022 Ferro Alloy new SteelMint launches Medium Carbon (70%) Ferro Manganese price assessment
    10-Jun-2022 Iron Ore correction Change in frequency of domestic iron ore concentrates price assessment
    20-May-2022 Iron Ore leave Temporary discontinuation of Raipur Sponge C-DRI price assessment
    17-May-2022 Scrap & Metallics new SteelMint launches Cast Iron scrap assessment DAP Ludhiana
    05-May-2022 Scrap & Metallics new SteelMint launches China Scrap Import Assessment
    30-Apr-2022 Steel correction India Steel Composite Index Reconstitution Notification
    29-Apr-2022 Iron Ore new SteelMint to add price assessment of pellet-based Sponge Iron (PDRI), exw- Jharsuguda, India
    05-Apr-2022 Scrap & Metallics correction Change in nomenclature of India Mandi Gobindgarh Old Scrap price assessment
    29-Mar-2022 Ferrous scrap new SteelMint launches Turning Boring scrap assessment DAP Ludhiana
    29-Mar-2022 Steel new SteelMint launches assessment for imported Indian origin HRC in Europe
    10-Mar-2022 Coal new Pricing Notice: CoalMint launches Thermal coal price assessment for Australia and U.S.
    02-Mar-2022 Steel new SteelMint adds Rebar, Exy-Bangalore Assessment to existing portfolio
    14-Feb-2022 Non Ferrous new SteelMint launches domestic aluminium scrap assessment for Delhi in Non-Ferrous segment
    12-Feb-2022 Iron Ore new Pricing Notice: SteelMint adds Odisha iron ore fines Fe 60% to existing portfolio
    10-Feb-2022 Steel new Pricing Notice: SteelMint adds HR Plate Gr E-350 Assessment to existing portfolio
    03-Feb-2022 Ferro Alloy new Pricing Notice: SteelMint adds Silico Manganese Low & Medium Carbon Assessment
    31-Jan-2022 Ferrous scrap new Pricing Notice: SteelMint launches Thailand scrap import assessment
    31-Jan-2022 Ferrous scrap new Pricing Notice: SteelMint launches assessment for imported scrap in Chennai, India
    28-Jan-2022 Ferrous scrap new Price Notice: SteelMint launches CR busheling scrap assessment DAP Ludhiana
    22-Jan-2022 Iron Ore new Pricing Notice: Launch of SAIL auction price assessments
    21-Jan-2022 Steel new Pricing Notice: SteelMint adds 0.6mm Galvanized Plain Coil Assessment to existing portfolio
    17-Jan-2022 Iron Ore new SteelMint launches Sponge Iron Index exw Rourkela, India
    01-Jan-2022 Steel new SteelMint launches Rajasthan Rebar price assessment
    22-Dec-2021 Steel new Pricing Notice: SteelMint launches assessment for Iranian domestic steel prices
    19-Nov-2021 Steel new Pricing Notice SteelMint launches assessment for Chinese domestic long steel
    18-Nov-2021 Steel new Pricing Notice: SteelMint launches HDGI (Hot Dipped Galvanized Steel Coils), FOB West Coast India as
    10-Nov-2021 Steel new Pricing Notice: SteelMint launches Raipur and Mandi Gobindgarh (Punjab) HR Strips (Patra) Assessment
    22-Oct-2021 Steel new Pricing Notice: SteelMint launches Mumbai and Faridabad Galvalume Coil Assessment for AZ150
    12-Oct-2021 Ferrous scrap correction Pricing Notice: Change in frequency of imported ferrous scrap price assessments
    06-Oct-2021 Others correction Pricing Notice: Change in frequency of Indian Silico manganese and Ferro manganese price assessment
    01-Oct-2021 Steel new Pricing Notice: SteelMint launches Mumbai and Faridabad Galvalume Coil Assessment
    29-Sep-2021 Iron Ore new Pricing Notice: SteelMint launches assessment for Indian iron ore concentrates
    15-Sep-2021 Scrap & Metallics new Pricing Notice: SteelMint launches assessment for Bangladesh bulk imported scrap and re-bar
    15-Sep-2021 Scrap & Metallics new Pricing Notice: SteelMint launches assessment for India CRCA scrap prices
    09-Aug-2021 Steel new India finish long steel assessment
    18-Jun-2021 Finish long stainless steel new Pricing Notice: SteelMint launches assessment for Indian rebar exports
    12-Jun-2021 Iron Ore correction Pricing Notice: Decision to amend delivery & payment term of few SteelMint pig iron price assess
    01-Jun-2021 Iron Ore new Pricing Notice: SteelMint launches Jharkhand (Ramgarh) Sponge iron price assessment
    28-May-2021 Steel new Pricing Notice: SteelMint launches assessment for imported billets in China
    25-May-2021 Scrap & Metallics correction Pricing Notice: Change in frequency of India imported scrap price assessment
    18-May-2021 Steel new Pricing Notice: SteelMint launches Jharkhand (Ramgarh) billet price assessments
    30-Apr-2021 Scrap & Metallics new Pricing Notice: SteelMint launches HMS 80:20 (Selected) scrap price assessment
    30-Apr-2021 Finish long stainless steel correction Pricing Notice: Resumption of Turkey rebar export price assessment
    27-Apr-2021 Coal correction Changes in CNF India,Gangavaram assessment
    22-Apr-2021 Ferrous scrap correction Pricing Notice: Change in frequency of Pakistan imported scrap price assessment
    15-Apr-2021 Finish flat stainless steel new Pricing Announcement: SteelMint launches API grade Plates Assessment
    14-Apr-2021 Finish flat stainless steel new Pricing Notice: SteelMint launches HRC 1.8mm and CRC 0.5mm assessments
    14-Apr-2021 Ferrous scrap correction Pricing Notice: Modification in assessment name of Mandi ferrous scrap
    18-Feb-2021 Finish flat stainless steel new Pricing Announcement: SteelMint launches API grade imported HR Coil Assessments
    09-Feb-2021 Scrap & Metallics correction Pricing Notice: Resumption of UAE imported scrap price assessments
    09-Feb-2021 Steel correction Price Notice: Discontinuation of SteelMint assessment
    05-Jan-2021 Iron Ore new Pricing Notice: Decision to display bid prices of OMC iron ore auctions
    31-Dec-2020 Finish long stainless steel new Pricing Notice: Discontinuation of SteelMint assessment
    26-Dec-2020 Iron Ore correction Pricing Notice: Decision to amend specifications of few SteelMint pellet price assessments
    12-Oct-2020 Finish flat stainless steel new Pricing Announcement: SteelMint launches HR Coil based Pipe assessments
    19-Sep-2020 Ferro Alloy correction PRICING NOTICE: Change in frequency of Indian silico manganese price assessments
    07-Sep-2020 Steel correction Pricing Announcement: Change in frequency of Indian structure steel price assessments
    01-Sep-2020 All leave PRICING NOTICE: Discontinuation of few SteelMint assessments