Most steel and raw material prices showed m-o-m decline in June, 2024, reveals data compiled by BigMint. Metallics like sponge and pig iron were hit the most, with both registering the steepest decline in June. Average Australian Premium HCC coking coal prices rose 4% m-o-m to $270/tonne (t) CFR India in June, 2024 from $260/t in June.Indexed port-side ex-Gangavaram prices of RB3 (4800 NAR) from South Africa upped a marginal 1% to INR 8,350/t in June 2024 from INR 8,300/t in May 2024. This same grade of thermal coal, CNF Gangavaram, however, dipped 3% to $97/t in June 2024 from $100/t in May 2024. Prices of the daily 60:14 grade silico manganese index in Raipur dropped by 6% to INR 84,880/t in June 2024 from INR 89,900/t in May 2024.Pellet-based P-DRI, ex-Raipur, fell a substantial 9% m-o-m to INR 26,710/t in June, compared to INR 29,250/t in May.Prices of CDRI with a mix of 70% lumps, 30% fines, FeM 80% (+/-1), ex-Rourkela skidded down 8% m-o-m in June to INR 28,040/t (INR 30,460/t in May 2024).Pig iron prices in June 2024 fell 9% m-o-m to INR 38,820 (INR 42,680/t in May 2024).These fell by 3% m-o-m to INR 35,080/t in June 2024 as compared to INR 36,250/t in May 2024.
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