BigMint’s weekly Indian low-grade iron ore fines (Fe 57%) export index fell by $3.5/t w-o-w to $58.5/t FOB east coast on 21 March 2024.
Sponge iron prices in India moved up by INR 50-300/t d-o-d in major markets. PDRI prices closed at a range of INR 25,350-26,400/t and CDRI at INR 26,550-31,100/t. About 25,850 t of sponge iron transactions were recorded in the country on 21 March compared to 14,440 t on 20 March.
BigMint’s domestic steel scrap (end-cutting) index in Mandi Gobindgarh rose by INR 100/t, reaching INR 36,900/t on a delivered-at-plant (DAP) basis.
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.
