SteelMint’s assessment for Fe63% concentrate prices currently stands at INR 4,000/tonne (t) exw, up by INR 200/t on 21 December as against the last assessment on 17 December. Iron ore concentrate prices saw an upward trend this week amid a sharp hike in pellets and iron ore prices.
SteelMint’s India pellets (Fe 63%, 3% Al) export index, FOB east coast, was recorded at $108/t, up by $3/t w-o-w. A single deal of around 55,000 t of pellets was reported from eastern India-based players this week in the range of $119-120/t, CFR China for January, 2023 shipment.
SteelMint’s daily sponge iron, CDRI index was assessed at INR 30,850/tonne (t), down by INR 200/t exw-Rourkela on 21 December, 2022. Although the index fell due to falling steel prices, trades improved as a few buyers resumed purchases, resulting in a rise in spot trades. About 1,800 t of transactions were recorded on 21 December as against 1,000 t on 20 December.
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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