BigMint's Daily Trade Sheet - 3 Aug'24

BigMint's Odisha iron ore fines (Fe 62%) index fell by INR 150/tonne (t) w-o-w to INR 4,500/t ($56/t) ex-mines on 3 August, 2024. The merchant mines concluded around 13,000 t of iron ore fines (Fe61-62%) deals at INR 4,350-4,650/t this week. Meanwhile, over 200,000 t of deals of iron ore across all grades (fines + lumps) were recorded from the Odisha region in the last one week.

BigMint's price assessment for Fe 63% iron ore concentrate stands at INR 4,000-4,100/t ($48-49/t) exw Jabalpur, down INR 100/t ($1/t) as against the last assessment on 31 Jul'24.Around 20,400 t of deals were reported in this publishing window at INR 4,000-4,100/t ($48-49/t) exw.

Mill scale prices in Kandla fell by INR 50/t to INR 6,750/t exw on 3 Aug'24 against 31 Jul. Around 6,800 t of mill scale deals concluded at INR 6,500-7,000/t DAP Kandla.Prices in Raipur remained stable at INR 6,900/t exw on 3 Aug. Deals of 3,000 t concluded at INR 6,800-6,900/t exw Raipur.

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