Sponge iron prices rose by INR 300-700/t d-o-d in major regions. PDRI market prices closed at a range of INR 23,800-27,200/t and CDRI prices, at INR 25,850-30,600/t. About 15,700 tonnes (t) of sponge iron transactions were recorded in the country on 27 June compared to 33,500 t on 26 June.
BigMint’s weekly Indian low-grade iron ore fines (Fe 57%) export index remained stable w-o-w at $58/tonne (t) FOB east coast on 27 June 2024. An exporter from Odisha sold 55,000 t of Fe57% fines cargo last week at $72/t CFR China in this publishing window.
BigMint’s billet index moved up by INR 150/t to INR 39,900/t exw-Raipur on 27 June, 2024. Billet trades were recorded on 27 June at 1,400 t compared to 7,900 t on 26 June.
The below sheet summarizes 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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