BigMint's Daily Trade Sheet - 9 Mar'24

BigMint's weekly Odisha iron ore fines (Fe 62%) index decreased by INR 150/t ($2) w-o-w to INR 5,100/t ($62) ex-mines on 9 March 2024. A deal of 25,000 t higher grade fines from merchant miners was heard in this publishing window.

Domestic end-cutting scrap prices in the Mandi Gobindgarh steel market showed an upswing on 9 March, 2024. Prices climbed up slightly by INR 100/t to INR 37,900/t DAP.

On 9 March, 2024, BigMint's billet index rose by INR 200/t, reaching INR 40,400/t exw-Raipur. Transaction volumes totalled 2,050 t on 9 March slightly lower than the 2,200 t on 8 March.

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.