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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SteelMint Daily Trade Sheet - 20 Apr'23

Prices of sponge iron decreased by INR 100-400/t in some key locations on falling steel prices. Spot trades remained weak resulting in offers softening further. A total o...

Sponge Iron

BigMint Bureau

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21 Apr 2023, 10:33 IST

Prices of sponge iron decreased by INR 100-400/t in some key locations on falling steel prices. Spot trades remained weak resulting in offers softening further. A total of 9,110 t of transactions were recorded on 20 April as against 8,800 t on 19 April.

SteelMint's billet index fell by INR 50/t to INR 46,600/tonne (t) exw-Raipur on April 20, 2023. The index fell due to moderate buying activity at lower prices and need-based demand which pulled offers downward. Transactions of around 2,120 t were recorded on 20 April in Raipur as against 2,050 t on 19 April.

SteelMint's weekly India low-grade iron ore fines (Fe 57%) export index remained stable w-o-w at $67/tonne (t) FOB east coast on 20 April, 2023.

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.