BigMint’s Odisha iron ore fines (Fe 62%) index increased by INR 50/tonne (t) w-o-w at INR 5,000/t ($52/t) ex-mines. BigMint recorded deals for around 420,000 t of iron ore outside of auctions, concluded by steelmakers via traders and miners. Buyers actively participated in the latest SAIL Bolani and Barsua auctions, securing decent volumes of Fe 60%+ fines and Sialo material at competitive prices. According to market participants, the auctions witnessed healthy participation, reflecting sustained demand from steelmakers and traders seeking prompt supplies.
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.
Leave a Reply