BigMint’s weekly Indian low-grade iron ore fines (Fe 57%) export index remained stable w-o-w at $83/t FOB east coast on 15 February 2024. No deals were recorded from India for low-grade fines export amid the absence of buyers.
BigMint’s billet index inched up by INR 150/t to INR 39,150/t exw-Raipur on 15 February, 2024. The index rose as higher offering prices were supported by an increase in the number of transaction volumes. About 4,450 t of transactions were recorded on 15 February as against 1,900 t on 14 February.
Sponge iron prices in India moved up, with prices rising by INR 50-250/tonne (t) d-o-d in major markets. About 22,750 t of sponge iron deals were recorded in the country on 15 February compared to 17,400 t on 14 February.
The below sheet summarises confirmed trades/offers of iron and steel products collected by SteelMint to help our users keep track of day-to-day trade dynamics.
