BigMint’s Odisha Fe 62% iron ore fines assessment increased by INR 300/tonne (t) ($3/t) w-o-w to around INR 5,500/t ($57/t) ex-mines, hitting over four-month high in the week.
Nepals cash rebar prices declined by NPR 2,000/t ($14/t) w-o-w to around NPR 86,000/t ($618/t), The decline came despite relatively good underlying demand, as active monsoon conditions disrupted logistics and lower raw material costs exerted downward pressure on finished steel prices. Bank-guarantee (BG) rebar prices were assessed at around NPR 88,000-90,000/t, maintaining a premium of NPR 2,000-4,000/t over cash-market prices.
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.
Leave a Reply