BigMint's daily trade sheet - 5 Sep'24

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.