BigMint’s bi-weekly index for Fe 63% concentrate currently stands at INR 4,200/t ($50/t) exw, a drop of INR 100/t ($1/t) as against the last assessment on 13 April.
BigMint’s domestic end-cutting scrap index in the Mandi Gobindgarh steel market increased by INR 600/tonne (t) to INR 41,800/t DAP on 17 April.
Sponge iron prices in India increased on 17 April following positive sentiments in the semi-finished steel segment. Prices rose by INR 50-400/t in almost all major regions. About 25,550 t of sponge iron transactions were recorded in the country on 17 April compared to 6,750 t on 16 April.
The below sheet summarizes confirmed trades/offers of iron and steel products collected by SteelMint to help our users keep track of day-to-day trade dynamics.
