The Indian sponge iron market showed mixed trends, with prices decreasing in Durgapur by INR 50-100/t but dropping by INR 50-300/t in other locations. PDRI prices were assessed at INR 25,300-27,800/t and CDRI prices at INR 28,000-32,300/t.
Domestic low-grade iron ore fines prices in Karnataka’s Bellary region were stable w-o-w, with BigMint’s weekly index for Fe 57% ore remaining unchanged at INR 2,700/tonne (t) ($32/t) ex-mines Bellary, excluding taxes. BigMint’s weekly index (Fe 62%) stood at INR 4,800/t ($56/t) ex-mines Bellary (including taxes).
BigMint’s billet index surged to a nine-month high, rising by INR 250/t d-o-d to reach INR 42,500/t exw-Raipur.
The following sheet summarises confirmed trades/offers of iron and steel products collected by BigMint to help our users keep track of day-to-day trade dynamics.
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