BigMint’s weekly Indian low-grade iron ore fines (Fe 57%) export index fell w-o-w by $65/tonne (t) FOB east coast on 16 May 2024.
India’s sponge iron market witnessed a rise in prices today ranging from INR 200-500/t in all principal locations. About 30,370 t of sponge iron transactions were recorded in the country on 16 May compared to 7,100 t on 15 May.
BigMint’s benchmark assessment(bi-weekly) for HRC (2.5-8mm, IS2062, Gr E-250 Br.) prices decreased by INR 600/t ($7/t) to INR 53,900/t ($645/t) on 14 May 2024, compared to the previous week. Also, CRC (0.90mm, IS 513, CR1) prices were down by INR 300/t ($4/t) to INR 61,000/t ($730/t) during the same period.
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.
