SteelMint Daily Trade Sheet - 28 Sep'22

Iron ore concentrate prices in Jabalpur, central India, remained unchanged this week due to stability in pellet and iron ore prices in Odisha. SteelMint's index for Fe 63% concentrate prices currently stands at around INR 3,050/tonne (t) exw, stable as against the last assessment on 24 September.

National Mineral Development Corporation (NMDC) conducted an for sale of 600,000 t of iron ore from its Donimalai mines in Karnataka. According to sources, the entire quantity of 400,000 t of fines (Fe59%) and 200,000 t of lumps (Fe61%) was booked at the base price of INR 1,925/t and INR 2,497/t, respectively. Prices exclude royalty, DMF and NMET.

SteelMint's daily sponge iron, CDRI, index was assessed at INR 33,900/tonne (t) (- INR 100) exw-Rourkela on 28 September, 2022. Due to thin trading, the index inched down. Participants showed little enthusiasm in procuring, which kept spot trade volumes low.

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.