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 May'24

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Pellets

BigMint Bureau

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29 May 2024, 12:05 IST

BigMint's bi-weekly domestic pellet (Fe63%) index increased by INR 450/t ($6/t) to INR 11,000/t ($133/t) DAP Raipur on 28 May, 2024 compared to the last assessment on 24 May. A deal of 5,000 t of pellets was recorded at around INR 11,150/t ($134/t) DAP Raipur in this publishing window. Another deal of 30,000 t higher grade raw pellet (Fe66%) was recorded at INR 12,850/t ($154/t) DAP Raipur a couple of days back.

BigMint's domestic end-cutting scrap index monitoring the Mandi Gobindgarh market marginally increased by INR 100/t to INR 40,800/t DAP on 28 May, 2024.

According to BigMint's assessments on 27 May 2024, the 60-14 grade was at $1,068/t FOB, a decrease of $47/t w-o-w, and the 65-16 grade was at $1,180/t FOB, a drop of $40/t w-o-w. Prices are edging close to a one-month low. Furthermore, some major producers in Vizag and Raipur were offering 65-16 grade ex-Vizag/Haldia at $1,210-$1,220/t FOB.

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.