SteelMint Daily Trade Sheet - 14 Dec'22

SteelMint's assessment for Fe 63% concentrate prices currently stands at INR 3,800/tonne (t) exw, up by INR 300/t, w-o-w. Iron ore concentrate prices in Jabalpur, central India, witnessed a significant increase this week following a sharp hike in pellet and iron ore prices. Meanwhile, one deal of 60,000 t was heard at INR 3,800/t exw this week.

SteelMint's daily sponge iron, CDRI, index was assessed at INR 31,400/tonne (t) (- INR 100) exw-Rourkela on 14 December, 2022. The index dropped d-o-d due to fewer transactions seen today. Market participants showed little buying interest as a result of which spot trade volumes remained low. About 800 t of transactions were recorded on 14 December as against 2,600 t on 13 December.

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.