BigMint’s bi-weekly domestic pellet (Fe 63%) index remained stable at INR 9,300/t DAP ($112/t) Raipur on 27 February 2024 compared to the last assessment on 23 February. Total deals of 35,000 t of pellets were recorded at INR 9,250-9,650/t DAP for Fe 63/63.5% grade from Raipur in this publishing period.
BigMint’s India HRC (SAE 1006) export index (for the Middle East and Vietnam) inched down w-o-w to $596/t FOB against $597/t FOB east coast India. Export offers to the Middle East were on the lower side w-o-w at $625-630/t CFR.
According to BigMint’s report dated 27 February 2024, the Mandi Gobindgarh steel market experienced a decrease in prices for domestic end-cutting scrap. Prices declined by INR 100/t, reaching INR 37,600/t delivered at the plant.
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.
