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 - 29 Mar'23

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Concentrates

BigMint Bureau

351 Reads

30 Mar 2023, 11:53 IST

SteelMint's index for Fe63% concentrate stood at INR 5,600/tonne (t) exw on 29 March as against last week's assessment on 22 March.. Iron ore concentrate prices in Jabalpur, central India, inched up by INR 200/t this week. Suppliers lifted offers amid pending deliveries of previous orders and hike in NMDC iron ore fines prices seen a week back.

Sponge iron prices are still volatile in key markets even as steel prices have edged up. Spot trading remained limited today and offers fluctuated across regions. A total of 19,100 t of transactions were recorded on 29 March as against 9,170 t on 28 March.

SteelMint's India pellet (Fe 63%, 3% Al) export index FOB east coast was recorded at $115/t, up by $4/t w-o-w following a hike in iron ore fines prices in the China's spot and futures markets.

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.