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 Sep'24

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Sponge Iron

BigMint Bureau

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7 Sep 2024, 12:31 IST

BigMint's bi-weekly domestic pellet (Fe63%) index fell by INR 150/t ($2/t) to INR 8,650/t ($104/t) DAP Raipur as on 6 September 2024, compared to 3 September.

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.

Indian sponge iron prices declined by INR 100-300/tonne (t). PDRI market prices closed within the range of INR 23,500-26,000/t, while CDRI prices settled at INR 26,000-29,800/t.Only 7,900 t of sponge iron transactions were recorded in the country on 6 September compared to 5,400 t on 5 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.