BigMint’s bi-weekly domestic pellet (Fe 63%) index remained stable at INR 9,850/t ($118/t) DAP Raipur on 23 April 2024 compared to the last assessment on 19 April. Deals of around 25,000 t of pellets (Fe 63%) were concluded at INR 9,750-9,850/t ($117-118/t) DAP Raipur in this publishing window. Around 20,000 t high-grade pellet (Fe 66%) deals were also recorded recently from Raipur at INR 11,750/t DAP ($141/t).
BigMint’s domestic end-cutting scrap index in the Mandi Gobindgarh market declined by INR 100/tonne (t) to INR 40,900/t DAP on 23 April, 2024.
According to BigMint’s assessments on 22 April 2024, the 60-14 grade was assessed at $870/t FOB, up by $21/t w-o-w, and the 65-16 grade was rated at $967/t FOB, rose by $24/t w-o-w. Furthermore, some major producers in Vizag and Raipur were still offering SiMn 65-16 grade Vizag/Haldia at a FOB of $980-$1,000/t.
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.
