BigMint’s Odisha iron ore fines (Fe 62%) index remained unchanged w-o-w at around INR 5,000/t ($52/t) ex-mines. OMC auctioned 1.83 million tonnes (mnt) of iron ore on 19 August, comprising 1.21 mnt of fines and 0.62 mnt of lumps. The miner reduced the quantity offered by around 0.7 mnt m-o-m as heavy monsoon conditions disrupted mining operations and tightened availability.
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