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 Jan'24

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Fines/Lumps

BigMint Bureau

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27 Jan 2024, 11:26 IST

Domestic low-grade iron ore fines (Fe 57%) prices remained unchanged this week in Karnataka's Bellary. BigMint's weekly index for low-grade iron ore fines (Fe 57%) stood at INR 3,800/t ($46/t) ex-mines Bellary, stable, w-o-w.

BigMint's bi-weekly domestic pellet (Fe 63%) index, increased by INR 250/t to INR 9,850/t DAP Raipur on 25 January,2024 compared to the last assessment on 23 January, 2024. Deals of 40,000 t were recorded at INR 9,550-9,950/t DAP in this publishing window.

Indian sponge iron prices edged down on 25 January in the range of INR 50-200/t in some key locations. However, sponge iron prices only in Raipur and Jharsuguda witnessed a marginal rise by INR 50-200/t. About 12,150 t of sponge iron transactions were recorded in the country on 25 January compared to 12,090 t on 24 January.

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.