BigMint's Daily Trade Sheet - 16 Feb'24

BigMint's bi-weekly domestic pellet (Fe 63%) index remained stable at INR 9,550/t DAP ($115/t) Raipur on 16 February 2024 compared to the last assessment on 13 February. A deal of 15,000 t was recorded at INR 9,550/t DAP Raipur.

BigMint's billet index decreased by INR 100/t, reaching to INR 39,050/t exw-Raipur on 16 February, 2024. About 1,500 t of deals were confirmed on 16 February as against 4,450 t on 15 February.

Indian sponge iron prices edged down by INR 50-250/t in major locations. Limited trading activity were reported d-o-d. About 13,050 tonnes (t) of sponge iron transactions were recorded in the country on 16 February compared to 22,750 t on 15 February.

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