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 - 15 Oct'24

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Pellets

BigMint Bureau

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16 Oct 2024, 13:00 IST

BigMint's bi-weekly domestic pellet (Fe63%) index dropped by INR 100/t ($1/t) to INR 10,000/t ($119/t) DAP Raipur on 15 October compared to the previous assessment on 11 October.

BigMint's domestic end-cutting scrap index, which tracks the Mandi Gobindgarh market, fell by INR 300/tonne (t) to INR 38,500/t DAP on 15 October 2024.

Indian sponge iron prices declined by INR 50-250/tonne (t). PDRI prices closed within the range of INR 26,500-28,000/t, while CDRI prices settled at INR 28,300-33,900/t.Only 6,100 t of sponge iron transactions were recorded in the country 15 October compared to 12,200 t on 14 October.

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.