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 - 3 Oct'24

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Sponge Iron

BigMint Bureau

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4 Oct 2024, 11:40 IST

Sponge iron prices in India increased by INR 150-600/t across various markets on 3 October 2024. PDRI market prices closed within the range of INR 27,300-28,650/t, while CDRI prices ranged from INR 28,500-32,500/t.On 3rd October, approximately 33,900 t of sponge iron transactions were recorded across the country, a significant increase from 5,450 t on 1 October.

BigMint's daily assessed HMS (80:20) scrap prices rose by INR 100/t d-o-d to INR 32,300/t DAP-Chennai.

BigMint's billet index increased by INR 750/t, reaching INR 41,850/t exw-Raipur on 3 October 2024. Approximately 4,300 t deals were recorded, as compared to 1,300 t on 1 October.

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.