BigMint’s Odisha Fe 62% iron ore fines assessment was unchanged w-o-w at around INR 5,100/t ($54/t) ex-mines. The Odisha iron ore market remained largely quiet during the week, with buyers adopting a wait-and-watch approach.
Global billet markets remained firm to mixed during the week, with elevated raw-material and production costs supporting seller offers despite subdued demand. Domestic steel demand remained active, particularly for rebar. A West Black Sea-based mill sold rebar at $612-615/t, up from around $590-595/t previously, while limited availability in Marmara pushed domestic prices to around $630-635/t exw.
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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