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 - 10 May'24

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Pellets

BigMint Bureau

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11 May 2024, 12:58 IST

BigMint's bi-weekly domestic pellet (Fe 63%) index fell by INR 100/t ($1/t) to INR 10,350/t ($124/t) DAP Raipur on 10 May, 2024 compared to the last assessment on 7 May. Raipur steelmakers booked around 35,000 t of pellets (Fe62.5/63%) from the neighbouring regions at INR 9,800-10,100/t DAP Raipur in this publishing window.

BigMint's domestic end-cutting scrap index in the Mandi Gobindgarh market has fallen for the fifth consecutive day, dropping by INR 400/t to INR 41,500/t DAP on 10 May, 2024.

BigMint's billet index declined further by INR 400/t, reaching INR 44,500/t exw-Raipur on 10 May, 2024. Around 1,000 t of deals were confirmed on 10 May as against 3,000 t on 9 May.

The below sheet summarizes confirmed trades/offers of iron and steel products collected by SteelMint to help our users keep track of day-to-day trade dynamics.