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 - 4 May'24

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Fines/Lumps

BigMint Bureau

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6 May 2024, 15:35 IST

BigMint's weekly Odisha iron ore fines (Fe 62%) index inched up by INR 50/t to INR 5,000/t ($60/t) ex-mines on 4 May, 2024. No deals of Fe 62% grade from merchant miners were recorded this week. However, BigMint recorded around 200,000 t of iron ore (fines and lumps) deals from Odisha this week amid supportive price sentiments.

BigMint's price assessment for Fe 63% iron ore concentrate stands at INR 4,500/t ($54/t) exw-Jabalpur, up marginally by INR 50/t as against the last assessment on 1 May'24. Around 20,000 t of deals were reported in this publishing window.

Mill scale prices in Kandla inched up by INR 150/t to INR 7,350/t DAP on 4 May'24. Around 28,000 t were booked at around INR 7,000-7,500/t DAP. Few export deals are also under negotiation.

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.