BigMint’s bi-weekly domestic pellet (Fe 63%) index decreased by INR 150/t to INR 9,150/t DAP ($109/t) Raipur on 5 March 2024 compared to the last assessment on 1 March. Total deals of 40,000 t of pellets were recorded at INR 9,150-9,250/t DAP for Fe 63 grade from Raipur in this publishing period.
BigMint’s India HRC (SAE 1006) export index (for the Middle East and Vietnam) fell w-o-w to $593/tonne (t) FOB against $596/t FOB east coast India.
BigMint’s billet index improved another INR 250/t, settling at INR 39,950/t exw-Raipur on 5 March, 2024. Approximately 4,800 t of transactions were recorded on 5 March compared to 5,070 t on 4 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.
