SteelMint’s weekly Odisha iron ore fines (Fe 62%) index has remained unchanged at INR 4,500/tonne (t) ex-mines (including royalty, DMF and NMET) on 31 December. Market participants reported limited trade activities this week amidst pending deliveries of previous bookings due to rake availability issues. Also, pellets prices in eastern India remained range-bound throughout the week, which is another factor behind stability in Odisha iron ore prices.
SteelMint’s daily sponge iron, CDRI, index is assessed at INR 32,750/tonne (t) (+ INR 300) exw-Rourkela on 31 December, 2022. The index rose on the back of active buying and higher offers throughout the day. The rapid spike in steel prices in the northern region supported sponge iron buying sentiments. About 2,800 t of transactions were recorded on 31 December as against 2,940 t on 30 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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