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 - 12 Jun'24

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Concentrates

BigMint Bureau

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13 Jun 2024, 11:14 IST

BigMint's weekly iron ore concentrate index stood at around INR 4,800-4,900/t ($57-59/t) exw, a fall of INR 150/t ($2/t) as against the last assessment on 8 June, 2024. Iron ore concentrate prices in Jabalpur, central India, witnessed a drop this week.

BigMint's domestic end-cutting scrap index in the Mandi Gobindgarh market continued to decline for the third consecutive day. Scrap index fell by INR 200/tonne (t) to INR 40,800/t DAP on 12 June, 2024. The Mandi market saw a persistent decline in semi-finished steel prices, along with subdued purchasing interest from mills.

BigMint's India pellet (Fe 63%, 3% Al) export index (FOB east coast) inched down by $1/t w-o-w to $95/t on 12 June 2024. No deal was recorded from the East Coast in this publishing window, as per data maintained by BigMint.

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.