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 - 5 Sep'24

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Fines/Lumps

BigMint Bureau

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6 Sep 2024, 12:03 IST

BigMint's weekly Indian low-grade iron ore fines (Fe 57%) export index decreased by $7.5/tonne (t) w-o-w to $51/t FOB east coast on 5 September 2024.

BigMint's domestic end-cutting scrap index tracking the Mandi Gobindgarh market remained stable at INR 37,000/tonne (t) DAP as of 5 September.

India's sponge iron market witnessed price hikes today in the range of INR 100-300/tonne (t) across key locations. PDRI prices were assessed at INR 23,600-26,200/t at the close of trading, while CDRI prices stood at INR 26,000-30,000/t. Transactions of approximately 5,400 t of sponge iron were recorded in India 5 September, down from 10,420 t on 4 September.

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.