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 - 6 Feb

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BigMint Bureau

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7 Feb 2024, 12:16 IST

The BigMint billet index in India recorded a 3-year low on 6 February, 2024, dropping by INR 200/tonne (t) to INR 39,050/t exw-Raipur. The prevailing offers of billet were last seen in the last week of March 2021. About 3,200 t of transactions were recorded on 6 February as against 1,950 t on 5 February.

BigMint's bi-weekly domestic pellet (Fe 63%) index fell by INR 200/t to INR 9,650/t DAP ($115/t) Raipur on 6 February 2024 compared to the last assessment on 2 February 2024.

The index for domestic steel scrap (end-cutting) in Mandi Gobindgarh, according to BigMint, saw a decrease of INR 300/t on 6 February, 2024, settling at INR 36,900/t on a delivered-at-plant (DAP) basis.

Sponge iron prices in India fell by INR 50-400/t in all key locations. Prices fell on weak sentiments in the spot market and limited purchase enquiries. About 8,460 tonnes (t) of sponge iron transactions were recorded on 6 February compared to 14,600 t on 5 February.

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