BigMint’s weekly iron ore concentrate index was assessed at INR 4,700/t($55/t) exw-Jabalpur, and it remained unchanged w-o-w, amid stable pellet tags and decent trades.
Indian sponge iron markets showed mixed trends d-o-d, with prices decreasing in Rourkela, Ramgarh, and Chennai by INR 50-200/tonne (t) but increasing by INR 50-100/t in other locations. Prices were also stable in some regions. PDRI prices were assessed at INR 24,600-27,500/t and CDRI at INR 27,200-32,100/t.
BigMint’s billet index edged up INR 50/tonne (t) d-o-d, settling at INR 41,400/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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