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 - 2 March'24

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Fines/Lumps

BigMint Bureau

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4 Mar 2024, 11:47 IST

BigMint's Daily Trade Sheet - 2 March'24

BigMint's weekly Odisha iron ore fines (Fe 62%) index decreased by INR 200/t ($2) w-o-w to INR 5,250/t ($63) ex-mines on 2 March 2024.

The latest update from BigMint on 2 March, 2024 revealed a price reduction in domestic end-cutting scrap at the Mandi Gobindgarh steel market. Prices saw a decrease of INR 100/t, settling at INR 37,600/t for delivery at the plant.

Sponge iron prices in India witnessed a slight decrease ranging from INR 50 to INR 300/t d-o-d in major regions.PDRI prices closed at a range of INR 24,800-27,450/t and CDRI prices at INR 26,250-30,900/t. About 6,000 t of sponge iron transactions were recorded in the country on 2 March compared to 9,310 t on 1 March.

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.