BigMint’s bi-weekly iron ore concentrate index stood at INR 4,550/tonne (t) ($52/t) exw-Jabalpur. Meanwhile, Fe 63% concentrate prices were assessed stable at INR 4,700/t ($54/t) exw.
The Indian sponge iron market continued to weaken, with spot prices declining by INR 50-400/tonne across key production hubs. Trade volumes remained subdued, with 10,800 t of sponge iron deals concluded during today’s session.
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 200/tonne (t) d-o-d to INR 35,800/t DAP.
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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