SteelMint’s weekly Odisha iron ore fines (Fe 62%) index rose by INR 250/t to INR 5,250/tonne (t) ex-mines (including royalty, DMF and NMET) on 28 January. The index rose to over an eight-month high. These levels were last seen in mid-May 2022.
Indian sponge iron prices fell by INR 50-150/t in some key locations. For instance, while prices in the northern and eastern regions rose, those in the south were up by INR 150/t amid high raw material costs. About 13,350 t of sponge iron transactions were recorded on 28 January in India as against 21,090 t on 27 January.
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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