BigMint’s weekly iron ore concentrate index stood at INR 4,600/t ($55/t) exw, up by INR 100/t ($1/t) as against the last assessment on 11 May. Offers were heard at a higher level of INR 4,700-4,800/t ($56-57/t) exw, up by INR 200-300/t ($2-4/t) w-o-w. However, no deals were recorded at the above-mentioned levels.
BigMint’s billet index dropped by INR 100/t to INR 44,250/t exw-Raipur on 15 May, 2024. Approximately 1,300 t of trades were made on 15 May as compared to 3,200 t on 14 May.
Indian CRC export offers to the European Union (EU) remained range-bound at $750-755/t CFR Antwerp ($700-705/t FOB east-coast India). Moreover, a deal of around 10,000 t were heard concluded at similar price levels.
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.
