BigMint’s Odisha iron ore fines (Fe 62%) index rose by INR 300/t ($4/t) w-o-w, reaching INR 4,500/tonne ($54/t) ex-mines as of 21 September. Approximately 275,000 tonnes of iron ore were purchased from merchant miners, with higher-grade fines being offered exclusively by the state miner OMC, for the week ended 21 September 2024.
BigMint’s bi-weekly domestic pellet (Fe 63%) index, PELLEX, remained stable at INR 8,600/tonne ($102/t) DAP Raipur as of 20 September 2024.
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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