BigMint's Daily Trade Sheet - 13 Jun'24

BigMint's domestic end-cutting scrap index for the Mandi Gobindgarh market remained stable at INR 40,800/t DAP on 13 June, 2024. The market in the region exhibited moderate trading, with mills staying committed to their standard scrap procurement practices.

Sponge iron prices in all key locations in India decreased by INR 50-250/tonne (t) on 13 June, 2024. Trading activity increased on improved demand at lower prices, especially in the central region (Raipur and Raigarh). About 27,200 tonnes (t) of sponge iron transactions were recorded in the country on 13 June compared to 5,600 t on 12 June.

BigMint's weekly Indian low-grade iron ore fines (Fe 57%) export index remained stable w-o-w at $57/tonne (t) FOB east coast on 13 June 2024. No active deals were witnessed this week as most of the buyers were away from the market during the Dragon Boat festival holidays in China.

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.