BigMint's Daily Trade Sheet - 23 May'24

Sponge iron prices in India witnessed a decrease of INR 50-450/t in all major regions. PDRI market prices closed at a range of INR 27,800-29,200/t and CDRI prices, at INR 29,000-35,000/t. About 12,450 t of sponge iron transactions were recorded in the country on 23 May compared to 9,900 t on 22 May.

BigMint's weekly Indian low-grade iron ore fines (Fe 57%) export index rose by $3.5/t w-o-w to $68.5/t FOB east coast on 23 May 2024.

BigMint's domestic end-cutting scrap index, which tracks the Mandi Gobindgarh market in north India, fell by INR 200/t to INR 41,200/t DAP on 23 May, 2024.

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