BigMint’s bi-weekly domestic pellet (Fe 63%) index rose by INR 100/t ($1/t) to INR 10,450/t ($125/t) DAP Raipur on 14 May,2024 compared to the last assessment on 10 May. Raipur sponge and steelmakers booked around 15,000 t of pellets (Fe 63%) at INR 10,650-10,700/t DAP Raipur in this publishing window.
Sponge iron prices in almost all key locations in India decreased by INR 100-450/t on 14 May, 2024. About 40,850 t of sponge iron transactions were recorded in the country on 14 May compared to 6,000 t on 13 May.
BigMint’s domestic end-cutting scrap index in the Mandi Gobindgarh market has fallen for the eight straight day, dropping by INR 200/t to INR 40,600/t DAP on 14 May, 2024.
The below sheet summarizes confirmed trades/offers of iron and steel products collected by SteelMint to help our users keep track of day-to-day trade dynamics.
