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 - 20 Aug'24

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Pellets

BigMint Bureau

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21 Aug 2024, 12:02 IST

BigMint's bi-weekly domestic pellet (Fe63%) index remained stable at INR 8,950/t ($107/t) DAP Raipur as of 20 August, 2024, compared to 16 August. Around 21,000 t of pellets (Fe62.5%) were sold by eastern India-based producers at INR 8,300/t DAP Raipur.

Sponge iron prices in India increased by INR 50-650/tonne (t) across markets. PDRI market prices closed within the range of INR 23,800-26,500/t, while CDRI prices ranged from INR 26,000-30,000/t. Approximately 15,600 t of sponge iron transactions were recorded in the country on 20 August, up from 8,800 t on 16 August.

BigMint's billet index increased by INR 450/tonne (t), settling at INR 39,000/t ex-works Raipur on 20 August, 2024. Approximately 1,600 t of transactions were recorded 20 August, compared to 700 t on 16 August.

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