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 Sep'24

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Sponge Iron

BigMint Bureau

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13 Sep 2024, 10:31 IST

Sponge iron prices in India decreased today by INR 50-150/tonne (t). PDRI prices closed within the range of INR 23,600-25,800/t, while CDRI prices were assessed at INR 25,700-29,800/t. Approximately 5,100 t of sponge iron transactions were recorded, down from 7,300 t on 11 September.

BigMint's weekly index for low-grade iron ore fines (Fe 57%) stood at INR 2,650 tonne/t ($32/t) ex-mines Bellary (excluding taxes), stable, w-o-w.

BigMint's domestic end-cutting scrap index tracking the Mandi Gobindgarh market saw a price reduction of INR 300/tonne (t), settling at INR 35,900/t DAP today.

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.