BigMint’s bi-weekly assessment for India’s iron ore concentrates (Fe 62%) remained steady at INR 4,700/tonne ($53/t) ex-works Jabalpur. Odisha Mining Corporation (OMC) has scheduled an auction of 2.94 mnt of iron ore.
BigMint’s billet index softening by INR 150/t d-o-d to close at INR 35,550/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 11,950/t.
Sponge iron prices across India continued their downward trend ans slipping by between INR 100-300/t day-on-day. Daily sponge iron trade volumes remained subdued at around 10,000 t.
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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