NMDC, India’s largest iron ore miner, produced 3.53 mnt of raw material in Oct’22, up by 29% from 2.73 mnt in September.
SteelMint’s bi-weekly domestic pellet (Fe 63%) index, PELLEX, stood at INR 7,800/tonne (t) down by INR 200/t on 1 November compared to the last assessment on 28 October, 2022 on falling demand.
SteelMint’s daily sponge iron, CDRI index was assessed at INR 33,450/tonne (t) (+ INR 50) exw-Rourkela on 1 November, 2022. The index increased somewhat, but there were very few deals throughout the day due to weak demand. About 1,510 t of transactions were recorded on 1 November as against 2,450 t on 31 October.
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.
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