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 - 22 Aug'24

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Sponge Iron

BigMint Bureau

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23 Aug 2024, 11:42 IST

Indian sponge iron prices dropped by INR 50-350/tonne (t) across all major locations. PDRI market prices were reported in the range of INR 23,700-26,700/t, while CDRI prices were between INR 26,000-30,000/t. Only 6,300 t of sponge iron were transacted in the country, down from 8,000 t on 21 August.

BigMint's weekly Indian low-grade iron ore fines (Fe 57%) export index remained stable w-o-w at $54/t FOB east coast on 22 August 2024.

BigMint's domestic end-cutting scrap index tracking the Mandi Gobindgarh market fell by INR 300/tonne (t) to INR 37,300/t DAP on 22 August, 2024.

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.