BigMint is a Market Intelligence and Price Reporting firm that caters to the data and analytics requirements of businesses in the commodities sector. It publishes real time prices and information, which is impartial, independent and reliable, sourced from all industry interfaces – sellers, buyers, agents and traders. This data is filtered and passed through very stringent, calculative assessments before final prices are derived, thereby giving our clients accurate pricing.

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BigMint's daily trade sheet - 04 Feb'25

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Pellets

BigMint Bureau

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5 Feb 2025, 12:40 IST

BigMint's bi-weekly domestic pellet (Fe63%) index remained stable at INR 9,900/t ($115/t) DAP Raipur on 4 February 2025 compared to the previous assessment on 31 January. Trade activity slowed down after an 8,000 t pellet (Fe63%) deal was recorded at INR 9,950/t DAP Raipur concluded by a local producer.

BigMint's billet index continued to fall. On Monday, it decreased by INR 300/tonne (t) today, to INR 38,850/t exw-Raipur on 4 February 2025.

Indian HRC export offers to the Middle East remained unchanged for the week at $530/t CFR UAE in a recent deal. A deal of around 5,000-6,000 tonnes (t) was heard concluded at similar price levels.

The following sheet summarises confirmed trades/offers of iron and steel products collected by BigMint to help our users keep track of day-to-day trade dynamics