BigMint’s Odisha iron ore fines (Fe 62%) index remained stable w-o-w at INR 5,100/t ($56/t) ex-mines on 13 March.
BigMint’s weekly index for low-grade fines (Fe 57%) inched up by $50/t ($1/t) w-o-w to INR 2,750/tonne (t) ($32/t) ex-mines Bellary (excluding taxes). However, the Fe 62% fines index remained stable w-o-w at INR 4,800/t ($55/t) ex-mines Bellary, inclusive of taxes amid shortage of material in the region.
Prices of sponge iron (CDRI) in Mandi improved marginally by INR 200/t d-o-d to INR 31,200/t DAP. Meanwhile, steel-grade pig iron prices in Ludhiana were stable at INR 38,800/t DAP.
BigMint’s billet index rose slightly by INR 50/tonne (t), settling at INR 39,950/t exw-Raipur on 13 March 2025.
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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