SteelMint’s bi-weekly domestic pellets (Fe 63%) index, PELLEX, remained stable at INR 10,000/tonne (t) DAP Raipur om 10 March compared to the last assessment on 7 March, 2023. No deal was reported as market participants are yet to come back from the Holi festival holidays.
Indian sponge iron prices fell in the range of INR 50-150/t in key locations. Prices in Raigarh, Hyderabad and Mandi increased by INR 100/t. However, spot trades remained limited which exerted pressure on prices. About 12,500 t of sponge iron transactions were recorded on 10 March in India as against 22,000 t on 6 March.
SteelMint’s weekly index of India’s low-grade iron ore fines (Fe 57%) exports stood at $81/tonne (t) FOB east coast on 10 March, 2023, up $2/t w-o-w.
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.
Leave a Reply