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 - 05 Oct'24

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Fines/Lumps

BigMint Bureau

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7 Oct 2024, 13:11 IST

BigMint's Odisha iron ore fines (Fe 62%) index increased by INR 300/tonne (t) ($4/t) w-o-w to INR 4,800/t ($57/t) ex-mines as of 5 October. Deals of around 24,000 t of fines (Fe 62%) were concluded this week, though certain sellers limited offers in the absence of higher-grade fines. Odisha miners closed deals of around 200,000 t of iron ore (fines and lumps) this week at the revised prices.

BigMint's assessment for Fe 63% iron ore concentrates stood at INR 4,200/t ($50/t) exw-Jabalpur. However, some offers were also heard at INR 4,400-4,500/t exw ($52-54/t). Deals of around 12,000 t were reported at INR 4,100/t ($49/t) exw.

Mill scale prices in Kandla inched up by INR 50/t to INR 6,950/t DAP on 5 October against 1 October. Deals of 9,700 t of mill scale were recorded at INR 6,800-7,000/t DAP Kandla. Prices in Raipur remained stable at INR 7,250/t exw

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.