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 - 25 Apr'24

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Sponge Iron

BigMint Bureau

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26 Apr 2024, 10:48 IST

Domestic low-grade iron ore fines (Fe 57%) prices remained largely stable this week in Karnataka's Bellary. BigMint's weekly index for low-grade iron ore fines (Fe 57%) stood at INR 3,000/t ($40/t) ex-mines Bellary (excluding taxes), a marginal w-o-w drop of INR 50/t ($1/t).

Indian sponge iron prices dropped in the range of INR 50-200/t in some key locations on 25 April, 2024. About 8,240 t of sponge iron transactions were recorded in the country on 25 April compared to 4,600 t on 24 April.

As of 25 April, 2024, BigMint's billet index inched up by INR 50/t to INR 42,900/t ex Raipur. Around 1,700 t of transactions were logged, up from 1,000 t on 24 April.

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.