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 - 28 Aug'24

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Concentrates

BigMint Bureau

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29 Aug 2024, 12:04 IST

BigMint's weekly iron ore concentrate index stood at around INR 3,900/tonne (t) ($46/t) exw on 28 August 2024, a drop of INR 100/t ($1/t) from the last assessment on 24 August.

BigMint's domestic end-cutting scrap index, which tracks the Mandi Gobindgarh market, slid by INR 300/t to INR 37,000/t DAP on 28 August 2024.

Indian sponge iron prices dropped by INR 50-400/t on 28 August in all major locations. PDRI market prices closed at a range of INR 23,500-26,500/t, and CDRI prices were at INR 26,000-29,800/t. Only 6,200 t of sponge iron transactions were recorded in the country on 28 August compared to 8,150 t on 27 August.

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