SteelMint Daily Trade Sheet – 10 Sept’22

SteelMint’s weekly Odisha iron ore fines (Fe 62%) index has remained largely stable at INR 3,450/t ex-mines. However, buyers are still not active in placing inquiries for iron ore given the pending deliveries of previous orders.  They are waiting for OMC auction which is around the corner and where buyers are expecting some reduction in the base price.

SteelMint’s assessment for Fe 63% iron ore concentrate prices stands at INR 3,100/t exw-Jabalpur on 10 September, down INR 50/t as against the last assessment on 7 Sep’22.  Deals of around 64,000 t were recorded in this publishing window at around INR 2,850-3,200/t exw.

SteelMint’s daily sponge iron, CDRI index was assessed at INR 34,650/tonne (t) (+ INR 50) exw-Rourkela on 10 September, 2022. About 1,120 t of transactions were recorded on 10 September as against 3,150 t on 9 September.

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.