BigMint’s weekly Odisha iron ore fines (Fe 62%) index remained stable w-o-w at INR 5,800/t ex-mines on 3 February, 2024. A deal of 25,000 t fines was recorded of standard grade Fe 62% at INR 6,000/t ex-mines in this publishing window.
Indian sponge iron prices rose considerably on 3 February, 2024. Prices in almost all key regions increased by INR 50-300/t. About 14,050 t of sponge iron transactions were recorded in the country on 3 February compared to 17,870 t on 2 February.
BigMint’s billet index increased by INR 200/t at INR 39,450/t exw-Raipur on 3 February, 2024. About 1,060 t of transactions were recorded on 3 February as against 1,880 t on 2 February.
The below sheet summarises confirmed trades/offers of iron and steel products collected by SteelMint to help our users keep track of day-to-day trade dynamics.
