SteelMint’s weekly Odisha iron ore fines (Fe 62%) index decreased by INR 100/t to INR 3,400/t ex-mines on 12 November (including royalty, DMF and NMET). The index has fallen to nearly a two-month low, as per SteelMint data. The drop in pellets and sponge iron prices and recent iron ore import bookings have continued to weigh on the Odisha iron ore index.
SteelMint’s daily sponge iron, CDRI index was assessed at INR 32,000/tonne (t) exw-Rourkela on 12 November, 2022. The index remained unchanged as a result of weak demand and continuing slow trends. Current offers are being resisted by buyers. About 3,300 t of transactions were recorded on 12 November as against 1,100 t on 11 November.
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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