BigMint’s bi-weekly index for Fe 62% concentrates stood at INR 4,550/t exw ($53/t) exw, up by INR 100/t ($1/t). Meanwhile, Fe 63% iron ore concentrate prices are hovering in the range of INR 4,600-4,700/t ($5354/t) exw.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 400/tonne (t) d-o-d to INR 35,400/t DAP.
India’s sponge iron market witnessed a significant price increase, with spot offers rising by INR 100-500/tonne (t) across key regions. Pan-India sponge iron bookings were reported at approximately 26,600 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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